“During the previous year, I worked with a few other groups to secure cash-out refinancing on my project without success.  I was introduced to LendBase through some business colleagues and began the refinance process.  Within a few weeks we had a Letter of Interest, and 60 days later we were fully funded. The people at LendBase worked hard to identify the right lender and to negotiate the best possible terms.  They exhibited vigilance in their duties with a “can do” attitude instead of the traditional “can’t do” attitude of the general lending industry.  They were easy to get a hold of and very responsive by phone and email.  Being quick to follow up on due diligence items, LendBase saved me countless hours.  They were very knowledgeable concerning industry trends and terminology, and capable of explaining how the loan process works from start to finish. We have developed a relationship of trust with LendBase over the past year, and we look forward to working together on future projects.  I would recommend them to anyone seeking financing.” 

“I wanted to let you know how happy I am with the exemplary service that Lendbase provided for me in my “time of desperation”.  Your service from start to finish was exemplary and on a professional, knowledgeable, and yet friendly level that far exceeded all other lenders that I contacted for help. More than anything your integrity out shined all other lenders with whom I tried to source my loan. I had reached the end of my rope with my situation; with no substantive results other than acquiring a vast knowledge of what the term “predatory lending” actually meant.

I was dejected and disgusted with the misrepresentations and outright deceptions that I had been communicated to me by other lenders prior to dealing with Lendbase. Your honesty and integrity were a breath of fresh air to me.  In addition to that you went to work and made it happen for me. The attitude was that I was actually a person and a client that you wanted to help. I never had the feeling that I was just one of many clients that you had to deal with every day.

You may freely share this letter with anyone you wish who has a doubt about using LendBase services. They are quite welcome to contact a Lendbase representative for a reference should the need arise. I feel that it is the least that I can do, for the service that you rendered to myself and my company.” 

“To whom it may concern: I wanted to take this opportunity to thank LendBase.  We have a large project underway at this time and we owe a lot of gratitude to LendBase for helping us find a lender that fit not only our financial needs, but potential long term opportunities for both the lender and our company. Some of the deal points that really helped us through the process are as follows:

-LendBase knew when to be the middle man and when to step back and offer support but not complicate or increase timing.
-LendBase was able to find a good, capable, local, lender that provided us the product of a big institution, with the service of a smaller, more personal lender.
-The rate for our fees was negotiated such that we paid no additional fees to compensate LendBase.
-We were able to secure long term financing through the lender and will realize savings of up to $150,000.00 in just the first 5 years.
-We were under a time constraint but although close, we were able to hit our deadline.
Overall we are very grateful for the services provided by LendBase.  We look forward to working with you in the future. If you have any questions, please feel free to contact me. Respectfully,” 

“After working for several months with my primary bank to secure a small line of credit with no avail, we started with LendBase. They efficiently organized a complete loan presentation saving me several hours of my time. They took the time to understand my concerns and my unique business circumstances. LendBase was able to successfully obtain a $400,000 SBA line of credit from a national lender. I was pleased with their responsiveness and detailed analysis. I would recommend their services to anyone seeking commercial credit. We are currently working with them on additional business loans and services.” 

“Over the last several months I have been working at putting together a self storage project. I engaged LENDBASE to help me secure financing for the $3.5 million dollar project. I have been in the construction and development business, in Utah and Hawaii, for over 40 years and have worked with many banks and lenders for my projects. I have learned the “ropes” of the lending process over the years. As I began to develop a relationship LENDBASE, I recognized absolute integrity and a high degree of understanding in the lending process. In fact, I learned a great deal from LENDBASE. They pay attention to detail, and with the contacts LENDBASE has nurtured among the many bankers that he has worked with over the years, he was able to facilitate our project getting an approval by a prominent bank. I very much appreciate the expertise and help LENDBASE brought to our project and would recommend his services to anyone in need of financing for whatever purpose.” 

“Overview: Wendy’s owner wanted to open a new location. We also looked at refinancing the existing debt to lower debt payments. We successfully acquired an SBA approval which reduced the existing debt payments by $3,371 a month while funding the expansion. Doing the expansion alone would have increased the debt payments over $5,000 per month.”

“Overview: Business owner had an offer in hand from another lender to refinance existing debt. After reviewing the offer we presented five competitive offers saving the owner 2.5% in annual interest expense. We negotiated favorable prepayment terms and caught an error in the loan docs. Total tangible savings for this client was about $90,000 per year.”

“The loan was backed by inventory valued at 75%. A repurchase agreement with the wholesaler was established to increase collateral value. The borrower put cash equity of 33% of the total project down.“

“The business manufactures a widget used in the personal care industry. The business has one year of operations under their belt and has proven the market. This line of credit has a borrowing base of 80% LTC on inventory.“

“This was a local church that had been turned down by several lenders. The church wanted to purchase their building from the landlord. This was a conventional mortgage at 70% LTV.“

“This was a franchised business but the borrower first location. The borrowers had extensive success with another restaurant franchise.“

“The business was in need of a loan quick and had significant real estate assets free and clear that could be pledged. This business bridge loan was closed in 22 days. “

“We restructured their current lease and saved them $15,000 per truck at the end of the lease purchase, while freeing up about $2,000/month in cash flow.“

“We helped a couple physical therapists in purchasing the building they had leased for several years. We put together an SBA 504 loan with a bank rate of 4.92% fixed for 5 years. The SBA debenture funded at 4.5%.“

“The business owner was involved in wholesale distribution and retail sales. With the economic pressure over the past 3 years this business needed an injection of cash. Although historical years didn’t cash flow, we were able to get a lender to provide this loan based on projections.“

“This deal was like finding the needle in a haystack. This was a “flag” hotel deal. We found a lender willing to structure this as an SBA 7(a) loan.“

“This client was turned down by a few local lenders for an SBA loan. We were able to successful gain approval for the restaurant owner to purchase the equipment needed for the business.“

“This loan was needed as a down payment to further the acquisition of another company. The borrower received this loan against commercial real estate. “