We fund Entrepreneurs – we call this “The e2 Factor”. Our financing products are designed to help entrepreneurs, businesses and individuals capitalize on immediate opportunities. Our short term lending model bridges financial needs over short but critical periods, and tops up traditional financing sources. Our loans are structured to assure your funding needs are met.
Let’s face it, banks just won’t fund all loans especially entrepreneurial loans. Our small business lending program ensures your funding needs are met over the short term, to take you to a stable place where traditional financing is available.
Responsible lending means you can afford the commitment you make to us. At iFund Diversified Lending, mutual success is paramount.
Qualification for our loans can be met in several ways. The standard criteria for a successful application includes but is not limited to:
Up to a 90% loan-to-value ratio. The security value of assets pledged will be determined by appraisals, assessments and other acceptable valuations. Some assets will be considered based upon liquidation value. Assets might include real estate, machinery, equipment, accounts receivables and inventory.
A clear demonstration of cash flow generating ability will be required to show that financing can be serviced from operations.
iFund’s lending facilities cannot exceed two years in term. The applicant will need to present a clearly defined strategy for repayment.
Rates and Fees
iFund Lending's loans are secured. Because risk is the primary determinant of pricing, interest rates and fees properly reflect the risk we take.
General interest rates are between 10% – 15% per annum.
General one-time commitment fees are 2% – 4% of the principal amount.
Both of these guidelines are subject to change based on your specific borrowing qualifications.
Interest Only – Simple Interest Monthly: Fixed monthly payment, principal due at the end of term
Constant Payment – Simple Interest: Blended principal + interest, fixed monthly payment
Straight Line Payment – Simple Interest: Blended principal + interest, fluctuating monthly payment
Interest Accruing – Compound Interest: No Monthly payment , principal + interest due at end of term
iFund Lending will approve the repayment option that best meets the applicant’s needs in relation to the perceived risk in the loan.