Common Sense Lending
About NonBank Lenders
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 private lender, which combines resources from our investors and select lenders to meet the financing needs of our borrowers.
Our unique capital structure allows us to meet the needs of more borrowers than your traditional bank. 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 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 5% Interest RAtes
With the SBA and NBL each funding a portion of the total financing, current blended rates are in the mid 5% 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.