You don’t need a Power Point presentation you need a sample of your product and an estimate of how much you need and the timeline for paying back the loan. Instead of an elevator pitch, you need a kitchen table pitch, he said. It’s called “Investors in Your Back Yard.” While CircleLending offers the structure, entrepreneurs still have to convince their friends and family that they have a good idea and can make it work.ĬircleLending chief Asheesh Advani wrote the book on that subject – literally. The company has done so well she’s moving into new digs in downtown Arlington. Yip used the money to launch Picture Perfect Pets. “It was the step up I needed at that time.” “I don’t think I would have had the confidence to try it on my own,” she said. A client convinced her it was a good idea and offered to loan her the money. She enjoyed training dogs and taking pet portraits, but she wasn’t thinking about starting a business, in part because she figured it would be hard to raise money. In addition to business loans, it brokers loans for houses, cars and any other number of pricey items.īette Yip was impressed with how easy the process was. CircleLending reports growth of 25 percent in each of the last 12 quarters. It was slow going at first, but the concept appears to have caught on. Repayment schedules and interest rates are determined by those who set up the loans. The Home Loan Arranger Share Print Business Profile The Home Loan Arranger Mortgage Lenders Contact Information 3255 S Birch St Denver, CO 80222-7208 Visit Website (303) 862-4742 Business hours. ![]() “I feel better paying the interest to my friend than to a bank,” said Ferry, now the proud founder of .ĬircleLending was launched five years ago to help people better administer interpersonal loans. Calculated Industries The Loan Arranger II Vintage Calculator - Working Quantity. For a fee, CircleLending sets up and manages the loan. They turned to CircleLending Inc., a small business that works like a bank but with other people’s money. His friend probably would have just handed over a check, but Ferry wanted to make it more formal. He did what many entrepreneurs are forced to do – turn to a friend with money.įirst, he had to convince his friend that an online lost-and-found service would fly. ![]() It started with a lost iPod, which led to an idea for an innovative small business, which led to the need for a loan, which was a problem.Īlain Ferry had student loans from law school and other debts that would make it difficult to get a bank loan.
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