About NonBank Lenders
Common Sense Lending
NonBank Lender began operating in 2009, during the worst economic disaster in recent history, with an idea and challenge; to serve a broader spectrum of credit worthy borrower’s, than simply those who can prove they do not need a loan.
NonBank Lender is a privately held commercial finance company established in 2009, with financial backing from Eldridge Industries. Eldridge Industries (“Eldridge”) is a private investment firm that provides debt and equity capital to support growing companies. Eldridge invests across diversified industries with a focus on media and sports, insurance, real estate development, asset lending and financing, branded food and hospitality, and asset management businesses. In particular, the firm seeks to build and grow companies led by proven management teams that have demonstrated leadership and experience to scale an enterprise. Eldridge is headquartered in Greenwich, Connecticut, with additional offices in Beverly Hills, New York, and London. www.eldridge.com Our partnership with Eldridge provides NonBank Lender with the long-term, patient, perpetual capital needed to service a growing multibillion-dollar lending portfolio.
Our unique capital structure and the team’s broad experience provides the foundation needed to create financing solutions for Borrower’s across a large spectrum of credit and asset profiles. We want credit worthy borrowers that simply can and will repay their debt.
Our borrowers are generally for-profit businesses with at least a full tax year in operation and can demonstrate an ability to repay the debt they are requesting. Personal credit history is just as important to us as it is to you and therefore our minimum credit score is 650.
NonBank Lender currently provides financing solutions for borrower’s who are purchasing or refinancing real estate or long-term equipment (e.g. useful life of greater than 10 years). Presently, we do not provide financing for working capital. However, our programs are always being updated and refined so check back often.
Why Choose NonBank Lender?
MID 6% INTEREST RATES
With the SBA and NBL each funding a portion of the total financing, current blended rates are in the mid 6% range.
10% OR LESS DOWN FOR QUALIFIED BORROWERS
The down payment is calculated on the total project, which includes the purchase price and all eligible fees and expenses.
APPROVAL IN 5 TO 7 DAYS
Once the credit file is organized we can identify a successful applicant within 5 to 7 business days easily.
NO PAYMENTS FOR 90 DAYS
We normally insist that the loan include between 1 and 3 months of prepaid interest to support a less stressful transition.
Get approved for your SBA loan fast
What our customers have to say
Don't take our word for it. Read a few client testimonials.
Frequently Asked Questions
How does NonBank Lender work?
NonBank Lender is a subsidiary of Stonebriar Commercial Finance, which is an Eldridge Industries portfolio company. Eldridge Industries (“Eldridge”) is a private investment firm specializing in providing both debt and equity capital. Eldridge invests across diversified industries with a focus on media and sports, insurance, real estate development, asset lending and financing, branded food and hospitality, and asset management businesses. In particular, the firm seeks to build and grow companies led by proven management teams that have demonstrated leadership and experience to scale an enterprise. Eldridge is headquartered in Greenwich, Connecticut, with additional offices in Beverly Hills, New York, and London.
How are you different from the bank?
Unlike traditional Banks, NonBank Lender can focus on more than just credit scores and tax returns. In the simplest terms, we are looking for Borrower’s that can and will repay their debts.
How do I know that my loan application information is secure with NonBank Lender?
The security of your information is our most important goal. Unlike traditional banks, your information is not passed from department to department and product manager to product manager. At NonBank Lender, you work directly with a single professional who acts as your advocate throughout the process. Your information is stored in a customized secure cloud-based file sharing server, which not only requires two-step password authentication, but also encrypts any transmission of customer files. Our cloud-based file sharing system requires all participants to have their access monitored, which allows suspicious activity to be identified more quickly.
What kinds of businesses can get loans?
How fast can I get approved?
Once a credit file is completed, 5 to 7 business days.
What does the process take- Start to Funding?
Typical real estate purchase, with an active and organized Borrower, should take 25 to 60 days.
Let us help your business secure funding for the SBA 504 Loan today. Please give us a call (512) 856-4625 or email firstname.lastname@example.org. One of our loan origination professionals will be contact you quickly.