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11 Replies Last post: Dec 22, 2008 5:37 PM by NoBullFunding

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Banks Want It, You Need It, We've Got It

Dec 12, 2008 3:46 PM

Mogul

NoBullFunding 278 posts since
Oct 6, 2008

So you've heard about business plans, right? While a business is a good "roadmap" for business owners, it won't always contain everything a bank needs to make a decision on your loan. NoBullFunding is proud to introduce a new product that is specifically designed with lenders in mind. Our "Application Optimizer" product is written in the same format as an actual loan approval memo, which is music to the ears (and eyes) of a lender.

Sections include: Executive Summary, Business Background (including ownership structure), Use of Proceeds Summary, Loan Request (amount and terms), Projections, Income Statement Analysis, Balance Sheet Analysis, Cash Flow Analysis, Personal Credit Analysis, Personal Income Analysis, Personal Net Worth Analysis, A/R and A/P Analysis, and Collateral Analysis.

Presenting an optimized loan package to a lender sends a clear signal that you are organized, knowledgeable, and serious about your loan request. Virtually all the questions that a lender might ask will already be addressed, leaving the lender feeling good that you understand your business inside and out. While we don't guaranty that you will be approved, it will guaranty that you'll put your best foot forward.

Email us at NoBullFunding@gmail.com for more info.

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Mogul

golfheaven 159 posts since
Jul 15, 2008

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1. Re: Banks Want It, You Need It, We've Got It Dec 12, 2008 4:13 PM

I have a few questions can i call you

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Mogul

NoBullFunding 278 posts since
Oct 6, 2008

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2. Re: Banks Want It, You Need It, We've Got It Dec 12, 2008 6:59 PM

in response to: golfheaven

I replied to your email golfheaven. As a golfer I love the concept!

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Mogul

NoBullFunding 278 posts since
Oct 6, 2008

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3. Re: Banks Want It, You Need It, We've Got It Dec 15, 2008 6:39 PM

I'm getting questions on this, so I'll post it here....

SBA loans are a good way to get the financing you need, but it tends to be the last resort for most borrowers for the following reasons:

Loan are always variable and rates are usually non-negotiable (Prime + 2.75% is what I'm seeing)
You must pay an SBA guaranty fee in exchange for the SBA guaranteeing 75% of your loan (7a loans)
There tends to be more red tape then with a bank

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jtcreations 4 posts since
Dec 16, 2008

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4. Re: Banks Want It, You Need It, We've Got It Dec 19, 2008 5:42 PM

What would be the least or minimum to borrow?

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Mogul

NoBullFunding 278 posts since
Oct 6, 2008

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5. Re: Banks Want It, You Need It, We've Got It Dec 20, 2008 9:35 AM

in response to: jtcreations

Bank loans don't typically have a minimum, but as far as the SBA loans, in my experience we didn't want to do any less than $175,000 for the 7a program. Perhaps someone else can chime in with regards to the other SBA programs.

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Patience 3 posts since
Dec 20, 2008

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6. Re: Banks Want It, You Need It, We've Got It Dec 20, 2008 12:08 PM

Please don't take this personal. I can not find any information on No Bull Funding on the BBB site? Are you an accredited BBB?

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Mogul

NoBullFunding 278 posts since
Oct 6, 2008

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7. Re: Banks Want It, You Need It, We've Got It Dec 20, 2008 2:53 PM

in response to: Patience

No offense taken at all. In today's world, I don't blame you for wanting to do your homework. In order to be a BBB company, you need to be in existence for more than 12 months. While my experience in banking is 9 years, the business itself is only about 6 months old. Aside from that, I'm not convinced the BBB accrediation means a whole lot. I think its more telling if a company has complaints against them on their local BBB site or on a site like RipoffReport.com. If you have any specific questions about me or my background, I'd be happy to answer them. NoBullFunding@gmail.com. You can also check out my site (nobullfunding.com), which has info about pricing and services. I try to be as transparent as possible about what I do and how much it costs.

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Mogul

DomainDiva 1,732 posts since
Oct 10, 2007

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8. Re: Banks Want It, You Need It, We've Got It Dec 21, 2008 11:33 AM

Can you do projections for investment monies as well?

I have a business plan and some sorta projections, only problem is revenue is based on aircraft configurations (# of engines, gear footprint etc) and the model is from 5000 to 7500 per full ac config per year depending on that, can you do some sort of a projection based on fleets (?) I can get that info from the web.

I would probably have to come to you, as you will be looking at me like 'what ARE you doing?'

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Mogul

NoBullFunding 278 posts since
Oct 6, 2008

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9. Re: Banks Want It, You Need It, We've Got It Dec 21, 2008 6:55 PM

in response to: DomainDiva

Hi Diva,

I'm confused about what you are trying to project...the value of an investor's investment, or a revenue projection based on multiple variables?

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Mogul

DomainDiva 1,732 posts since
Oct 10, 2007

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10. Re: Banks Want It, You Need It, We've Got It Dec 21, 2008 10:34 PM

in response to: NoBullFunding

Revenue projection based on multiple variables. So THATS what it's called. Yes thats what I need. We have someone interested in licensing our technology and will be reselling it as well overseas and once the process gets going I would like to have some financial numbers for them along with all of our books, financials, etc.

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Mogul

NoBullFunding 278 posts since
Oct 6, 2008

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11. Re: Banks Want It, You Need It, We've Got It Dec 22, 2008 5:37 PM

in response to: DomainDiva

If you need a spreadsheet where the revenues can be manipulated based on a bunch of different factors, that shouldn't be a problem. I can set it up to allow you to change volume and pricing on a per product basis. So for example if you had 7 products with 7 different prices, I build a spreadsheet where you could manipulate the gross revenue number by changing the # of products sold and the price per product. Shoot me an email if you want to discuss it further!

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