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Pennington Consulting Group
Pennington Consulting Group
Pennington Consulting Group Pennington Consulting Group. 800.910.3570 INFO@PENNINGTONCONSULTINGGROUP.COM
Pennington Consulting Group Pennington Consulting Group. 800.910.3570 INFO@PENNINGTONCONSULTINGGROUP.COM
Pennington Consulting Group Pennington Consulting Group. 800.910.3570 INFO@PENNINGTONCONSULTINGGROUP.COM
Pennington Consulting Group Pennington Consulting Group. 800.910.3570 INFO@PENNINGTONCONSULTINGGROUP.COM

Pennington Consulting Group.

800.910.3570

INFO@PENNINGTONCONSULTINGGROUP.COM

What does my client qualify for????
What does my client qualify for????
What does my client qualify for???? This is a very common question! It is the confusing

This is a very common question! It is the confusing maze of funding options available to

 

businesses of all sizes, and at all stages of development including start up’s. Our knowledge,

 

lending partners & years of combined experience in the lending industry, that enables us to help

clients to quickly gain the cash assets they need to move their business projects forward. Let’s get to the point! We’re here to help you get your clients the funding they needs & also help you

 

close more deals! After all, you’re not in business for your health right?

 

There only 4 ways to obtain funding for any business. 1. Credit based, 2. Revenue based, 3.

 

Asset based, & Finally 4. Private money. We offer all these funding options here at Pennington

Consulting Group. We are experts in analyzing the facts and determining which one of the

 

paths mentioned will help the client reach their objective. (Details of each option below.)

 

1. Credit Based" funding. This is the most common and quickest form of business funding,

 

and conversely, it is the most abused and misused form. Pennington Consulting Group will help

you to properly develop and utilize your Credit Based options, in the methods most

 

advantageous toward helping you reach your goals. In addition our Unsecured Business Line

 

(UBL) Program also:

 

Pennington Consulting Group Unsecured Business Lines (UBL) Program Benefits:

A)

Build Business Credit: None of the UBL will report on the client personal credit

 

report, the lines will only report on the business credit report. This helps in building

the business credit profile, so that in the near future the business no longer has to

 

depend on the owners personal credit for future financing needs.

 

B)

Increase DTI: Since the Unsecured Business Lines only report on s business credit

profile, It will not affect the clients personal Debt to Income Ratio (DTI).

 

C)

Flexibility: We offer 6-12 Months of 0% Interest on all newly established lines, in

 

addition the account is a revolving line, which means the business will always have access to the available credit anytime they need to. Plus unlike a loan the borrower

only pays on the amount used which allows the borrower to focus on profits.

 
• There Only 4 Factors in Qualifying for our UBL program (Keep in mind we
• There Only 4 Factors in Qualifying for our UBL program (Keep in mind we

There Only 4 Factors in Qualifying for our UBL program (Keep in mind we have a solution for each factor).

Derogatory Items: Lates, Collections, Charge Offs, Tax Liens, Judgment’s, & Bankruptcies. Depending on

how much effect the derogatory item has on your credit profile, also based on your funding goal, we will make a decision if the item must be removed before you can qualify for our Unsecured Business Line Program. We offer

a Credit Consulting Services to help those clients with damaged credit.

1.

2.

Utilization: Calculation is based on the total balances divided into the total limits of all your revolving accounts. Based on the age of your file we figure out what your target Utilization should be.

3.

Age of File: We require that our clients MUST have at least a 2 5 year Age of file based on the oldest account reporting on your

credit profile. (Please see the charge below)

Age of File

Target Utilization

5 9 Years

10

14%

10 14 Years

15 19%

15 20 Years

20 24%

>20 Years

25 30%

This is just a guide, sometimes there are exceptions. Please look over your Evaluation Report for Target Utilization. (WE DO LOOK AT COMPESATING FACTORS)

4

Inquiries: Of course, inquiries are just not a good look and this is about 10% of what FICO Score Algorithm evaluates. And what we have seen, based on our experience working with our past clients, more than 6 inquiries per bureau within the last 6 12 months must be removed before we can get started.

past clients, more than 6 inquiries per bureau within the last 6 12 months must be
past clients, more than 6 inquiries per bureau within the last 6 12 months must be
2."Revenue Based" funding. Perhaps the simplest form of attaining funding for an existing business, its

2."Revenue Based" funding. Perhaps the simplest form of attaining funding for an existing business, its proper utilization is

 

often neglected or grossly miss-managed. Our program is simple, if the business has revenue we fund 8%-15% of the business

annual revenue. In addition our Revenue Based funding program also offers:

 

Pennington Consulting Group Unsecured Business Lines (UBL) Program Benefits:

A)

No Credit Score Requirement: even though this program is not credit based, credit is looked at as a compensating

 

factor and a way to evaluate risk.

 

B)

Credit Reporting: We have options with some lenders were they will not report the loan to personal or business credit.

C)

No UCC Filing (Uniform Commercial Code): AS most business loans require UCC Filing some of our lenders do

 

not file a UCC under the business.

 

D)

Pre-Payment Penalties: None of our revenue based loan programs have a pre-payment penalty.

 
NOTE: When Pennington takes on a client, we don't just work to help that client

NOTE: When Pennington takes on a client, we don't just work to help that client receive the cash assets, we help our clients develop the best

strategies for using and paying back those cash assets.

receive the cash assets, we help our clients develop the best strategies for using and paying
PENNINGTON REVENUE BASED LOAN REQUIREMENTS LOAN LIMITS 5,000 - $1Mil (NON SBA / NOT A

PENNINGTON REVENUE BASED LOAN REQUIREMENTS

LOAN LIMITS

5,000 - $1Mil (NON SBA / NOT A CASH ADVANCE TRUE BIZ LOAN) (NON SBA / NOT A CASH ADVANCE TRUE BIZ LOAN)

LOAN TYPES

Any business related loan that will contribute to the growth and expansion of the business within its industry. expansion of the business within its industry.

MAXIMUM LTV

No LTV Requirement (cash-flow based loan) (cash-flow based loan)

BUSINESS TYPES

Most Businesses ConsideredBUSINESS TYPES

ELIGIBLE LOCATIONS

Nationwide (all markets considered) (all markets considered)

COLLLATERAL

Business Assets and Personal Guarantee/s (no real estate collateral) (no real estate collateral)

 

Minimum Credit Score (Restaurants /Retail/Medical /Hotel or Motels) (Restaurants /Retail/Medical /Hotel or Motels)

551

CREDIT PROFILE

Minimum Credit score (Other businesses)600

600

Additional Credit Requirement (no foreclosures, current bankruptcies, (no foreclosures, current bankruptcies,

 

back taxes, pending lawsuits or judgments)

INTEREST RATE

7.99% - 24.99%+(risk based) (risk based)

TERM/AMORTIZATION

1- 5 YearsTERM/AMORTIZATION

LOAN POINTS

10% (negotiable based on loan amount)LOAN POINTS

PREPAY

Minimal based on risk Non in Most cases Non in Most cases

 

Business must have 2 or more full time employees more full time employees

UNDERWRITING

Business must have a physical (non-home) officeUNDERWRITING

Business cash-flow must be able to service the loan payments to service the loan payments

CLOSING TIMEFRAME

Loans generally fund 5-10 business days from application ess days from application

THIS PROGRAM IS NOT

This is NOT a merchant cash advance, factoring or credit-card processing loan. This is a cash-flow based loan secured only by the assets of the business and based on risk, borrower might have to personally guarantee the loan. of the business and based on risk, borrower might have to personally guarantee the loan.

 

Nationwide Program 

The Pennington Consulting Group Difference

FAST Closing within days.The Pennington Consulting Group Difference

Most Businesses ConsideredConsulting Group Difference FAST Closing within days. NOT a cash advance; a true bank loan with

NOT a cash advance; a true bank loan with benefitsGroup Difference FAST Closing within days. Most Businesses Considered   Closings in 5-10 Business Days

 

Closings in 5-10 Business Days 

“Our goal is to help you reach your goal”

Office: 1001 W Walnut, Rogers AR 72756 | Email: info@penningtonconsultinggroup.com | Toll Free: 800.910.3570

3."Asset Based" funding. Surprisingly, this may be the most widely utilized way to borrow money

3."Asset Based" funding. Surprisingly, this may be the most widely utilized way to borrow money for real estate, & business acquisitions. And it is also commonly

 

abused and misunderstood. Let Pennington Consulting Group assist you to

 

properly structure & develop advantageous options for your current or next project.

Give us a call today and let’s discuss your current scenario:

 

4. Private Money:

is a commonly used by

finance professionals. It refers to lending

 

money to a company or individual by a

 

private individual or organization. While

banks are traditional sources of financing

 

for real estate, and other purposes, private

money is offered by individuals or

 

organizations and may have nontraditional

qualifying guidelines. If the deal makes

 

sense then our lenders will fund it.

 
have nontraditional qualifying guidelines. If the deal makes   sense then our lenders will fund it.
have nontraditional qualifying guidelines. If the deal makes   sense then our lenders will fund it.
have nontraditional qualifying guidelines. If the deal makes   sense then our lenders will fund it.
“Call us TODAY & let our experienced consultants help you or your client structure you
“Call us TODAY & let our experienced consultants help you or your client structure you
“Call us TODAY & let our experienced consultants help you or your client structure you
“Call us TODAY & let our experienced consultants help you or your client structure you next deal.”
CONVENTIONAL (SMALL BALANCE)
AGENCY/CONDUIT
PRIVATE/HARD MONEY
Prime
Alternate
SBA
FNMA/HUD
CMBS
Non-Conforming
Bridge
ELIGIBLE OCCUPANCY
Owner
Investor
Owner/Investor
504 (Owner)
7(a) (Owner)
Investor
Owner/Investor
Owner/Investor
Owner/Investor
LOAN SIZES
$250K-
$250K- $10M+
$100K- $5M+
$500K- $10M+
$50K- $5M+
$500K+
$5M+
$50K- $500K+
$500K+
$10M+
PROPERTY TYPES
Office, Retail, Mixed-Use,
Commercial Condos,
Industrial, Warehouse, Self-
Storage, Auto-Service, Funeral
Home, Day-Care, Franchise
Restaurants, Assisted Living.
Multifamily (5)
or More Units,
Mixed-Use,
Retail, Office,
Commercial
Condos,
Warehouse,
Light Industrial.
No restricted property types
except Multifamily and Land.
“Business only” loans are
available under the SBA 7(a)
program from $50K to $350K (No
real estate collateral required or
allowed).
Multifamily (5) or
More Units,
Assisted Living,
Student Housing,
Healthcare.
Multifamily (5)
or More Units,
Office, Retail,
Industrial,
Hospitality,
Self-Storage,
Mobile Home
Parks.
Investor SFRs and
Multifamily (2+) Units,
Office, Retail, Mixed-Use,
Commercial Condos,
Industrial, Warehouse,
Self-Storage, Auto-Service,
Funeral Homes, Day-Care,
Mobile Home Parks.
No restricted property
types except owner
occupied SFRs and
Multifamily 2-4 Units.
LOAN TYPES
Purchase,
Purchase,
Purchase,
Purchase,
Purchase,
Purchase,
Purchase,
Purchase, Refinance,
Refinance,
Refinance,
Refinance,
Construction
Refinance,
Refinance, Cash-
Refinance,
Purchase, Refinance, Cash-
Out, Rehab
Cash-Out, Rehab
Cash-Out
Cash-Out
Cash-Out
(start-ups in
Working
Out, Rehab,
Cash-Out
CA only)
Capital, Rehab
Construction
CROSS COLLATERAL
No
No
Yes
No
Yes
No
No
Yes
Yes
CREDIT MINIMUM
680
680
None
None
None
680
640
600
None
FOREIGN NATIONALS
No
No
Yes
No
No
No
Yes
No
Yes
LOAN-TO-VALUE
65%
65%
75%
80-90%
80-90%
80%
75%
65%-90%
80%
SUBORDINATE LIENS
Yes
Yes
Yes
Yes
Yes
No
No
Yes
Yes
INTEREST RATES
4.0%- 7.0%+
4.0%- 7.0%+
3.875%- 8.5%+
4.25%- 8.22%+
4.25%- 8.22%+
3.75%- 5.0%+
4.5%- 6.0%+
9.5%- 12.25%+
6.5%- 15.0%+
TERM (YRS.)
1, 3, 5, 10
1, 3, 5
3, 5, 7, 10, 15,
20, 25, 30
Quarterly Adj.,
5, 10, 25
Quarterly Adj.,
5, 10, 25
Quarterly Adj., 5,
5, 10
5, 15, 25
7, 10, 15, 30, 35,
1, 1.5, 2 (longer case-
by-case)
40
AMORTIZATION (YRS.)
20, 25
20, 25
15, 20, 25, 30
20, 25
10, 25
30, 35, 40
20, 25, 30
15, 25
Interest Only
PREPAY PENALTIES
Various
Various
Declining
Various
Declining
Various
Various
Declining
None
ELIGIBLE LOCATIONS
Nationwide,
all 50 States
Nationwide, all
Nationwide, all
Nationwide, all
Nationwide, all
Nationwide, all
Nationwide, all
Nationwide, all 50 States
50 States
50 States
50 States
50 States
50 States
50 States
Nationwide, all 50
States
DSCR MINIMUM
1.20x
1.40x
1.15x
1.20x
1.25x
1.00x- 1.45x
1.25x
1.25x
N/A
RECOURSE
Full
Full
Full or Non Rec
Full
Full
Non-Recourse
Non-Recourse
Full
Full or Non Rec
Other Loan Programs: Ask
Foreign
SBA Business
FNMA to
Stated
National
Loans
$500k
Loan
Loans
Program
This document is a demonstration of terms available and is not a loan commitment or guarantee of financing. The terms outlined above are estimates and subject to change. PCG is a wholesale commercial real estate
finance company and commercial mortgage broker resource, this document is for commercial finance professionals only and not for retail distribution.

Brian Otieno Phone: 800.910.3570 Direct: 479.445.5805

brian@penningtonconsultinggroup.com

Brian Otieno Phone: 800.910.3570 Direct: 479.445.5805 brian@penningtonconsultinggroup.com

“Our goal is to help you reach your goal”

3 Year Fixed Rates

Investor 1- 4 Traditional I Traditional II Non-Owner Occupied SFR, Condo, 2-4 Unit 5+ Unit
Investor 1- 4
Traditional I
Traditional II
Non-Owner Occupied
SFR, Condo, 2-4 Unit
5+ Unit Multifamily & Mixed-Use
Office, Retail, Warehouse, Self-Storage,
Automotive Service (no gas stations)
Loan To Value
Max 70% *
Max 75% *
Max 65%
FICO ≥ 700
7.49%
7.49%
7.99%
FICO < 700
7.99%
7.75%
8 . 49 %
5 Year Fixed Rates
Investor 1- 4
Traditional I
Traditional II
Non-Owner Occupied
SFR, Condo, 2-4 Unit
5+ Unit Multifamily & Mixed-Use
Office, Retail, Warehouse, Self-Storage,
Automotive Service (no gas stations)
Loan To Value
Max 70% *
Max 75% *
Max 65%
FICO ≥ 700
7.99%
8.49%
8.99%
FICO < 700
8.49%
8.75%
9 . 49 %
Rates & Terms
Loan Amounts …………………………
$100k - $5MM
(Investor 1-4 Max loan amount $2MM)
Rebates……………………………………… 1 Point Broker Rebate = .50% add-on to rate (Maximum Rebate 2%)
Amortization/Term ………………………… 30 year fully amortizing / 30 year loan (Call for other amortization options.)
Index / Margin / Cap……………………… WSJ Prime + 4%. Rate Caps = 2/1/6
Prepayment Penalty………………………. Equal to fixed period (Minimum Prepay = 1 year)
1-6 residential units in NJ = no prepay, add 1% to rate
Prepayment Buydown(s)………………… Investor 1-4: 1 year buydown add 1.00% to start rate
Tradational I&II: 1 year buydown add .50 to start rate OR 1% in fee
Rate Buydown……………………………… 1 pt. fee = .50% rate reduction (Maximum 1%)
|
Minimum Rate 6.49%
Loans < $750K ……………………………… add 50 BPS to the above mentioned rate (traditional I & II Only)
*
LTV Limitations……………………….
FICO < 700, max LTV is 70%, Investor 1-4 loans > $1MM = 65% max LTV
General Guidelines
Lending……………………………………… Locations Nationwide
Income Verification ……………………
Simple Documentation
Credit Score …………………………….…… 650 Minimum
CLTV…………………………………………. 80% Maximum CLTV
Broker Fees………………… ……………
You may charge up to 5% of the loan balance (origination + rebates ok)
1st Time Buyer, Investor, Free/Clear………… reduce maximum LTV by 5%
Assumability………… …………….………
Loans are assumable at Lender's discretion - 1% fee
Impounds…………………………
………
Required for property taxes & insurance.
Appraisal Process & Fee…………………
Contact your Loan Officer to hear about our streamlined process and cost
Ineligible Locations ……………
…….……Contact
your Loan Officer for details

Matrix Date 07/01/14

For more information or to submit a loan request, please call 800.910.3570

Pennington Consulting Group | 1001 W Walnut, Suite 4 |

Rogers, AR 72756

All rates, programs and pricing subject to change at any time. This rate sheet is intended for use by mortgage professionals only and is not an advertisement under section 226.24 of

Regulation Z, and is not intended for use by the general public

© 2014 PCG, LLC. All rights reserved.

Unsecured Business Lines Traditional Business Line (FULL DOC) (STATED INCOME) • Perfect for existing business
Unsecured Business Lines Traditional Business Line (FULL DOC) (STATED INCOME) • Perfect for existing business
Unsecured Business Lines
Traditional Business Line
(FULL DOC)
(STATED INCOME)
• Perfect for existing business
• $50K-$100K+ or More
• Minimum of 2 years in business
• No Collateral required
• Loan amounts of $50K-$100M+
• No financial or tax returns
• Tax returns Required
• We work with damaged Credit
• 6 Months Recent Bank Statement
• No restrictions on use of funds
• Competitive Rates
• Funding in 10-15 days.
• Helps build business credit.
• Get to choose your financing option
from lender list.
• Not reported on personal credit.
• Perfect for Acquisitions
• Use funds for Inventory.
• Fast Underwriting
• Real Estate Purchase.
• Choose your interest rate program.
• Use funds for Working Capital.
• Commercial Biz Loans Available
Equipment Financing • 48 Hour Approval • 100% Financing • Fixed Monthly Payments • Simple
Equipment Financing
• 48 Hour Approval
• 100% Financing
• Fixed Monthly Payments
• Simple Documentation
• Funding From $5K- $2M
• Build Biz-Credit
• Preserve Working Capital
Typical Items Financed:
• Furniture, Fixtures, Millwork
• Computers, POS System
• Vehicles, Spa, Salon, Tools
• Heavy Machinery & etc
Merchant Cash Advances • No restrictions on use of funds • Does not report to
Merchant Cash Advances
• No restrictions on use of funds
• Does not report to credit report
• Flexible payment terms
• Is a cash advance on the business
revenue?
• Instant Approval
• 200% of your monthly income
• Funding in 3-5 days.
• No early repayment penalties
• No late fees.
• 80%+ Applications approved
• No Liens, No collateral

Credit Consulting Services

We specialize in removing inaccurate:

Tax Liens

Judgments

Charge Offs

Collections

Late Payments

Repossessions

Settlements

Inquiry Removal

Bankruptcies

Medical Bills

A FRESH START.

Purchase order Financing

Secured by UCC-1 filing

65%-80% of the P.O

Amount of line expands as the collateral base volume increases

No discount fees

Sales Vol-Min $50K

Any business could qualify.

Also for business who are currently in Chapter 11 BK