Boefly NACLB Presentation
-
Upload
tom-gazaway -
Category
Business
-
view
69 -
download
0
Transcript of Boefly NACLB Presentation
Startup funding solutions to entrepreneurs and
small business owners nationwide.
SMB Startup Environment
28,000,000 small businesses nationwide
83% have revenues between $0 - $100,000
6.1% have revenues of $100,000 - $300,000
Source: http://smallbiztrends.com/2013/02/small-business-success-seven-stages.html
Startup Financing Options
5 Most Commonly usedStartup Financing Strategies:
Micro Loans The 3 FFF’s – friends, family, fools
Personal Savings IRA/401k Rollover/ROBS transactions
Credit Cards
http://smallbiztrends.com/2013/11/small-business-financing-options.html
About LenCred
Formerly Hawkeye Management
Rebranded to LenCred in 3Q 2014
http://www.lencred.com/about/45 employees
Several fast growth awards *Inc 500/5000, Smart CEO Future 50 3x, Philly 100
About LenCred
Several data-driven Credit Card Funding Plans
Business Credit Card Program Special Plans
Factors – credit profile, location, age of credit, age of business, industry
Personal Credit Card Program Credit Partners
$50,000 to $200,000 Sweet Spot
About LenCred
Over 50% of our business comes from Referral Partners and Private
Label Partners*
*See last slide
About LenCred
Rates and Fees
Business Credit Card national averages 12-14%
Our Blended Rate Case Studies 5.0% - 8.96%
We charge 9% Success Fee on average (range is 7-12%)
0% offers for 6-15 months
About LenCred
Compensation Examples
RP Commission:$50,000 Funding$4,500 Fee to LC25% split to RP = $1,125
PLP Commission:$50,000 Funding$4,500 Fee to PL65% split to PL = $2,925
Average/Normal Transaction:
About LenCred
Case Studies & Referral Partner Compensation
D. Tucker from NCRec’d PQ on 11/6/14Funded 11/10/14 - $169,000RP Commission $4,225PL Commission $11,331
E. Howell from TNRec’d PQ on 1/12/15Funded 2/9/15 - $52,500RP Commission $1,181PL Commission $2,808
G. Durham from PARec’d PQ on 1/30/15Funded 2/9/15 - $132,000RP Commission $2,970PL Commission $7,817
J. Haedrich from CA12 Month Plan took 10 monthsTotal Funding = $252,500RP Commission $5,681PL Commission $13,911
About LenCred
Referral Partner or Private Label??
Referral Partner:No Investment30 Minute webinar20-30% Revenue to RP$1,000 average per deal
Private Label Partner:$3,500 + $99/month for 12 months3 Day visit to HQ’s for training*60-70% Revenue to PL$2,500 average per deal
NACLB Show Only Special…$2,500 and NO Monthly Fees
*Travel & Lodging included