At Innovative Capital Corporation, we help source the right loan option for our clients. A question you might be asking? How do we get paid in the process? Let’s debrief.
When Does Innovative Capital Corporation Get Paid?
Our team is paid when we perform and provide a loan that our client chooses as their best option. The process begins with our team learning about the client’s needs and their financing requests. Each client we work with, as you can imagine, has unique loan requests. Our job is to advise our clients regarding their options and help them source the loan that fits their unique needs.
We help our clients with a wide range of commercial lending needs using our in-house private capital and a network of traditional and alternative lenders. The commercial Loans we assist our clients fund include:
- Acquisition of assets such as real estate or equipment
- Working capital loan to help support the growth of a business or the merger
- Acquisition of another company
We always take the goal of the client into consideration when sourcing the right loan and the right lending partner. As we get to know the client, our team will request financial information to help us understand the different challenges the client might experience in underwriting. Our intention is to present the loan request to lenders who have an appetite for the unique deal.
We want to make the job as easy as possible for our network of lenders to provide us with a quick ‘yes’ or ‘no’ regarding their level of interest. When our clients receive multiple options for their specific financing request, they can choose the loan best suited to their needs.
This process increases the speed that we can fund loans while also helping our clients gain multiple options. Also, if a lender declines in the 11th hour, we have options ready so that the deal isn’t delayed or lost.
How Much Are We Paid?
Ultimately, our thorough research helps us look for all of the potential challenges that might arise when providing capital for a specific client’s transaction. After we have a detailed understanding of the client’s needs, we put together what we call a “fee agreement” that outlines how we’re compensated.
Typically, our minimum fee is $7,500, or 1% of the loan amount. Utilizing our network of lenders, and knowledge of the industry, we help our clients achieve better rates than they could achieve independently. This reduction in rate saves our clients money with our fee included.
Our fee is commonly included in the loan amount, so the client doesn’t pay the fee out of pocket. However, the fee amount can change depending on the deal. A couple of factors that can impact our fee agreement include:
- Lending Complexity
- Borrower Credit
- Business Financials
- 7 Day Quick Funding
The Bottom Line at Innovative Capital
Regardless of what each individual deal requires, Innovative Capital Corporation ensures we are transparent with each of our clients. We provide “fee agreement” information upfront. This way, our clients have the chance to ask questions and to agree to these terms before we begin a partnership.
Our goal is always to set clear expectations so our clients understand each variable of the Innovative Capital process. Our clients understand that working with Innovative Capital leverages our knowledge, network, and technology to help them get the best results while helping them save time and money. We intend to stay aligned with our clients to help them on their current projects and any future financing requests.
Visit our Recently Funded page to learn more about the various deals we have helped source and the rates we have found for our clients.
