Lendistry Scalable Based Lending

CORE – Business Term Loan The traditional term loan provides financing for a variety of small business needs ranging from increasing working capital to refinancing debt and is designed with each unique business in mind.  CORE – Non-Revolving Line of Credit Our non-revolving line of credit offers shorter-term, flexible financing, helping to move small businesses forward with access to cash when it’s needed most.
SBA 7(a) Program   Provides qualified small business owners nationwide with the flexible funding they need to: increase working capital, expand a business, refinance current debt, purchase equipment or inventory, acquire CRE and more.  
Small Business Loan Fund   Lendistry’s Small Business Loan Fund developed from New Markets Tax Credit allocation provides below-market rate, small business loans to Qualified Active Low-Income Community Businesses  
Amount: $25K – $5MM Term: Up to 5-Yrs  Amount: $25K – $5MM Term: Up to 2-Yrs  
Amount: $25K to $5MM Term: Up to 25-Yrs (Real Estate) Up to 10-Yrs (Other)  		Amount: $150K – $4MM Term: Up to 5-Yrs  
Airport Concession Lending Program   Offers flexible funding to minority owned businesses that are Airport Concessions Disadvantaged Business Enterprise (ACDBE) certified.  Commercial Real Estate (CRE) Term Loan Our non-revolving line of credit offers shorter-term, flexible financing, helping to move small businesses forward with access to cash when it’s needed most.  Contractor and Purchase Order Financing   Lendistry’s proprietary platform gives small businesses access to mobilization capital so they can successfully fulfill a contract.  Smart Scoring Technology   We’re applying innovation and automation to our traditional lending. Through smart application technology and decisioning based on advanced fintech algorithms, businesses can get funded in as fast as 5 days.  
Amount: Up to $5MM Term: Up to 10-Yrs  
Amount: $50K – $5MM Term: 10-Yr Term, 25-Yr Amort  		Amount: $50K – $1MM Term: Up to 2-Yrs  Amount: From $25K Term: Up to 10-Yrs  
 Traditional Term Loan (Now funds in as few as 5 days)Non-Revolving Line of CreditCommercial Real Estate1 (Owner-Occupied)Commercial Real Estate1 (Investor)
Loan Amounts$25,000 – $5,000,000$25,000 – $3,000,000$150,000 – $10,000,000$150,000 –$10,000,000
Minimum FICO640640640640
Minimum TIBGreater than 2 yearsGreater than 2 yearsGreater than 2 yearsGreater than 2 years
  Interest Rate  WSJP + 2-6% (Variable)  WSJP + 4-6% (Variable)P + 2% -3.25% Fixed / VariableP + 2.25 – 3.5% Fixed / Variable
  Term  Up to 5 years fully amortizingUp to 2-year draw down period thereafter fully amortized up to 5 years  10-year term / 25-year amortization  10-year term / 25-year amortization
      Certain Qualifications    GDSCR>1.25, BK>5 years; No felonies, judgement or active tax liens (must be on payment plan)    GDSCR>1.15, BK>5 years; No felonies, judgement or active tax liens (must be on payment plan)    GDSCR>1.15; Property NOI>1; No environmentally impaired property; 75% max LTV; Property taxes paid current  GDSCR>1.15; Property NOI>1; No environmentally impaired property; 70% max LTV (subject to Property type); Property taxes paid current
    Documentation3 years tax returns (business and personal); 3 months bank statements/banking verification; PFS (guaranty docs if applicable)3 years tax returns (business and personal); 3 months bank statements/banking verification; PFS (guaranty docs if applicable); Custodial account3 years tax returns (business and personal); 3 months bank statements/banking verification; PFS                             3 (guaranty docs if applicable); Rent roll, Mortgage statement; Insurance3 years tax returns (business and personal); 3 months bank statements/banking verification; PFS (guaranty docs if applicable); Rent roll; Mortgage statement, Insurance
Prepayment Penalty (as applicable)5% year 1; 4% year 2; 3% year 3; 2% year 4; 1% year 53% year 1; 2% year 25% year 1; 4% year 2; 3% year 3; 2% year 4; 1% year 55% year 1; 4% year 2; 3% year 3; 2% year 4; 1% year 5
Revenue/Cashflow TrendImproving YOYImproving YOYImproving YOYImproving YOY
Guaranty (State or SSBCI)CA, AZ, CO, MD, LA, IL, NYCA, AZ, CO, MD, LA, IL, NYCA, AZ, CO, MD, LA, IL, NYN/A
 SBA 7(a) Working Capital (Now funds in as few as 5 days)SBA 7(a) General PurposeSBA 7(a) Real Estate1
Loan Amounts$25,000 – $500,000$150,000 – $5,000,000$150,000 – $5,000,000
Minimum FICO680640640
Minimum TIBGreater than 2 yearsGreater than 2 yearsGreater than 2 years
  Use of Proceedsworking capital, equipment purchase, inventory purchasebusiness acquisition, equipment purchase, refinance of eligible business debt(s); leasehold improvementsbusiness property purchase or refinance of eligible business property
  Interest RateWSJ Prime +4.50% (up to $350,000) WSJ Prime +3.00% ($350,001 to $500,000)Up to WSJ Prime +4.50% (up to $350,000) Up to WSJ Prime +3.00% ($350,001 to $500,000)  Up to WSJ Prime +2.00%-3.00%
Term10 years10 years25 years
    Certain QualificationsSBSS Score 155+; GDSCR>1.0x (for loans from $150,001 – $500,000); No BK/Charge-offs < 5 years, No active judgements or liens (must be on paid-off or repayment plan)GDSCR>1.0x (for loans from $150,001 – $500,000); No BK/Charge-offs < 5 years, No active judgements or liens (must be on paid-off or repayment plan)  GDSCR>1.0x (for loans from $150,001 – $500,000); No BK/Charge-offs < 5 years, No active judgements or liens (must be on paid-off or repayment plan)
    Documentation  3 years Business Tax Returns; 1 year Personal Tax Return; Business Bank Statement/Banking validation; Required SBA docs per SOP 50103 years Business Tax Return; 3 years Personal Tax Return; Personal Financial Statement; Business Bank Statement/Banking validation; Business Debt Schedule; Required SBA docs per SOP 50103 years Business Tax Return; 3 year Personal Tax Return; Personal Financial Statement; Business Bank Statement/Banking validation; Business Debt Schedule; Required SBA docs per SOP 5010
Prepayment PenaltyN/AN/A5%, 3%, 1% of remaining balance
Revenue TrendN/AImproving YOYImproving YOY
GuarantyNationalNationalNational

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