Scipt by JEFF

Outbound Call Script

Intro: Hello, this is (Nam) with Commercial Finance Partners and I am just following up with you, we had talked to you a while back I just wanted to follow-up and see how things were going and see if you had any funding needs?

Alternative Intro – use the one that applies

Hello, this is (Name) and you requested for funding for your business on our website in the past. So I am just following up if you are in need of some working capital at this moment?

If they indicate they are interested

Interview

Great, let me ask you just a few questions and I can quickly let you know if we can help. 

1.    Let me confirm, I have the correct phone numbers and email address as ______

2.    What's your gross monthly sales? And how much are you currently depositing in your business checking account every month? 

3.    When did you start your business?

4.    Do you currently have any outstanding short term loans or advances? 

If so,

how much etc.? 

5.    Are you or your business currently in a bankruptcy?

6.    Do you own real estate? (if Yes,  Get details on real estate

1. What is the type of the property?

B. Value of the property and current mortgage balance?

7.    Do you own free and clear vehicle?  Get the info

Well, it looks like you are eligible, let me have one of my account executives call you back tomorrow. So, morning or afternoon works better for you?

But first, let me take a minute to explain who we are, what we do, a little about our funding programs, what makes us different and why you want to do business with Commercial Finance Partners and me

We are a Direct Lender and fund most of our loans directly which gives us the highest approval rates in the industry.   We fund business loans ranging from $ 10,000 to $ 2,000,000 with terms ranging from 3 months to 3 years.  We are primarily a collateral based lender, however we do offer some unsecured business loans.   But by using collateral we are able to offer longer terms, lower rates and much higher loan amounts. 

Let me explain what we will accept as collateral.  We accept real estate or real estate equity on single family homes, commercial properties, raw land, lots and just about any type of real estate.  We will also accept free and clear titled vehicles such as automobiles, trucks and trailers, boats and motorcycles as collateral.  In some cases we will accept heavy equipment providing there are no UCC 1 liens filed on your company. 

Since we are a direct lender, we can fund quickly without the hassle of bank paperwork.  Since we are not a bank, we do not require what banks require.  We mainly look at your business cash flow and bank deposits and collateral.  Credit is secondary as we fund loans even with personal credit scores down to 450

What makes us different?

·        Most direct lenders only offer one funding product line only are able to approve about 15% of all applications.

·        Most of our competition is either

o   A small one or two-man broker shop pretending to be lenders that are limited on knowledge and experience and shop your application to many lenders such as us which will cause lots of inquiries on your credit reports.

o   Or a Super Broker Shop with a room full of telemarketers trying to make a sale with no long term big picture in mind for their clients 

About Our Funding Programs – The Basics

o   As a direct lender we offer a fixed period, fixed payment business loan. This is NOT a Merchant Cash Advance.

o   Collateral based programs, unsecured programs and Business Lines of Credit

o   Loan Amounts $,10000 to $2,000,000

o   Terms – 3 months to 3 years,

o   Payment – We offer weekly payments from account ACH (Automated Clearing House) on our collateral based loans

o   Timing – Decisions in as fast as 1 day, funding is as fast as 2 business days.  Collateral based loans usually fund in 3 to 7 working days

o   Over 80% approval rates for eligible applicants (lower on non-eligible)

▪  Eligibility

·        4 months in business

·        Be depositing $ 12,500 per month in your business checking account

·        500 personal credit score

o   Credit scores down to 450

o   Business Lines of Credits to $ 1,000,000

Rates and terms:

·        We offer same day preliminary approval with terms

·        Each approval is based on the business's unique situation.

·        Things that affect the terms are most are

o   Monthly bank deposit volumes and collateral

·        Other things that may have some affect the terms are

o   time in business, average daily balances, business type, business credit, personal credit and other factors

·        With that said, we are not a bank and do not offer bank terms, however, we will approve loans that banks will not approve