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Online Commercial Lending Marketplace-Revenue 4.5mm

Baltimore County, MD (Relocatable)

Seller Financing Available
Online Commercial Lending Marketplace-Revenue 4.5mm
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Asking Price: $4,500,000

Cash Flow: $901,110

Gross Revenue: $4,623,631

EBITDA: N/A

FF&E: $30,000

Inventory: N/A

Established: 2006

Online Commercial Lending Marketplace-Revenue 4.5mm

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Business Description

This business helps entrepreneurs in need of capital find lenders nationwide. This company is not a direct lender and only matches borrowers with lenders by providing a variety of lending products.

Note: Prospective acquirers will be required to provide a personal financial statement, show proof of funds, sign a non-disclosure agreement and provide a resume to prove capacity to operate this company prior to being disclosed any information.

Detailed Information

Location:
Baltimore County, MD
Employees:
9 FT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The business currently operates in 3 separate office locations.
Competition:
The business competes with other online lending marketplaces.
Growth & Expansion:
The new owner could establish relationships with traditional lenders who are unable to fund business customers through conventional financing.
Financing:
$500k down/$500k or 60 mos. @ 8.50%/Other Financing.
Support & Training:
Will train for 4 weeks @ $0 cost. This business is not regulated and does not require any special skills. They are not a direct lender. The forms of funding they offer are Business Credit Cards, Lines of Credit, SBA 504 & 7(a) loans, equipment loans & leases, pre-tax financing and revenue-based lending.
Reason for Selling:
Pursuing other business ventures.
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Justin Sandridge

Business Listed By:
Justin Sandridge

Murphy Business Sales

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers.

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