Analytic Loan Software Company
Location Illinois,United States
Asking Price Range $500K - $1.0M
Gross Revenues $2300000
Net Profit / Cash Flow $325000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1989
Number of Employees 20 - 34
Inventory 25000
Relocatable Yes
Number of Employees 20 - 34
Real Estate Owned
Training Seller will train for mutually agreeable time
Reason for Sale Retirement
Description The owner of this Software Company is seeking an enthusiastic buyer or investor to take this business to the next level. Years of development have provided this business with the most sophisticated data and business model for loan decision making in the industry. This is a proven product and it allows the lender to easily set and adjust the loan criteria to their standards, customer base and specifications. Note: Typical loan losses using this software are .13% to .40% vs. the industry average of 1.0% to 1.50%.
The software is positioned to measure the credit worthiness of a potential borrower. The analysis process is quite simple, i.e. if a customer is seeking a loan or cash advance the business is electronically connected to the software system. The software runs a check on the client through the IRS, credit bureaus, police records, public sites and various other proprietary sites. Based on the criteria set by the lender, the loan will be approved or rejected. If approved, the software configures the distribution of the loan-including the distribution of any of the loan fees due to the lender, the business, preparation service, service bureau and the software company. All software meets the IRS rules for encryption by using SSL 3.0 128 bit encryption.
While the program has many of the standard loan practices, the process differs from other loan programs in that:
1. It is designed to meet or surpass the IRS "Best Practice" Guidelines.
2. Loan parameters, standards, etc. can be customized to the standards required for that company.
3. The company has entire control over the flow of the cash.
4. Clients can offer on-line loan tracking to their customers.
5. Fees are collected after the funding.
6. We know of no other company that offers the flexibility and meets IRS guidelines.
7. Approval process takes about 1-2 minutes.
Asking price is $750,000 or MAKE OFFER! Call Steve for more information at 309.696.8508.
Click Here To Contact Seller
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