Go Fish Capital is revolutionizing the $8.4 trillion commercial lending market and the $5.6 trillion non-mortgage consumer lending market with the first self-service lender financing platform. Our unique approach provides financing and lender process technology to new and small lenders regardless of their revenue by leveraging new technology (such as our AI decision engine) and innovative processes to significantly reduce risk.
Instead of basing lender financing credit decisions on revenue like traditional institutions, we developed a proprietary lender financing model called "Chain Lender Financing." This model establishes a reliable debt financing chain in which the creditworthiness of up-chain members is derived from the end-borrower's creditworthiness & quality.
Who Can Benefit From Lender Financing On Our Platform
New Lenders & Small Lenders
Loan Originators, Brokers, ISOs, OR Just Smart Individuals That Want To Become Lenders
SMBs Such As Retailers or Car Dealerships That Want To Become Lenders To Finance Their Customers & Add A Revenue Stream
Highlights:
Set & Enjoy The Interest Rate Spread Between Our Financing & What You Charge Your Loan Clients
The Loans Between You & Your Clients Stay On Your Books
We Provide You A White Label Web Page That You Can Embed Into Your Website (And/Or) Any Retailer's
Website (To Pre-Qualify & Finance The Store's Customers/Your Clients/End-Borrowers)
Scale Up Your Loan Portfolio With Our Funds
Each Time Your Portfolio Reaches $2M, You Can Borrow Against It To Invest In Assets Or Sell It (If You Wish)
The Difficult Normal Track Of Becoming A Lender:
1. Legally Form A Company
2. Obtain Lending Licenses
3. Obtain Loan Management Software
4. Obtain or Build Underwriting Credit Decision Engine/Model
5. Go Through Extensive & Stringent Process To Obtain Compliance Approval From Credit Bureaus
6. Obtain Capital For The Purpose Of Lending
7. Market Your Lending Company To Obtain Clients/Borrowers
8. Process & Underwrite Applications & Approvals
9. Collect Payments From Loan Borrowers
10. Service The Loans/Clients
(By Going Though Go Fish Capital You Are Responsible For Legally Forming Your Company & For Obtaining Your Lending License, And Go Fish Capital Does The Rest.)
Overview
We provide lender financing & lender process technology to new & small lenders. Unlike typical lender finance institutions that base their credit decision on current and historical revenue, we created a new lender financing model that we call "Chain Lender Financing" which establishes a credible chain of debt financing where the up-chain members become worthy of lender financing based on the quality of the end-borrower.
Who Can Benefit From Lender Financing On Our Platform
New Lenders & Small Lenders
Loan Originators, Brokers, ISOs, OR Just Smart Individuals That Want To Become Lenders
SMBs Such As Retailers or Car Dealerships That Want To Become Lenders To Finance Their Customers & Add A Revenue Stream
Highlights:
Set & Enjoy The Interest Rate Spread Between Our Financing & What You Charge Your Loan Clients
The Loans Between You & Your Clients Stay On Your Books
We Provide You A White Label Web Page That You Can Embed Into Your Website (And/Or) Any Retailer's
Website (To Pre-Qualify & Finance The Store's Customers/Your Clients/End-Borrowers)
Scale Up Your Loan Portfolio With Our Funds
Each Time Your Portfolio Reaches $2M, You Can Borrow Against It To Invest In Assets Or Sell It (If You Wish)
The Difficult Normal Track Of Becoming A Lender:
1. Legally Form A Company
2. Obtain Lending Licenses
3. Obtain Loan Management Software
4. Obtain or Build Underwriting Credit Decision Engine/Model
5. Go Through Extensive & Stringent Process To Obtain Compliance Approval From Credit Bureaus
6. Obtain Capital For The Purpose Of Lending
7. Market Your Lending Company To Obtain Clients/Borrowers
8. Process & Underwrite Applications & Approvals
9. Collect Payments From Loan Borrowers
10. Service The Loans/Clients (By Joining GFC's Member Lender Network, You're Responsible For #1 & #2, And GFC Automatically Provides #3-#10.)
Lender Requirements & Onboarding Process
Lender Requirements
Lender Company Owner Must Be A US Citizen
Owner's Personal Credit Score Must Be Greater Than 650
Owner Must Personally Guarantee Each Lender Financing Loan With GFC
Lender Must Be A Registered Company (LLC, Corporation, ect.) With An EIN
Lender Must Be In Good Standing With Their Secretary of State
Lender Must Pay For Default Insurance Listing GFC As Senior Beneficiary
Lender Must Allow GFC To Hold On Deposit Up To 20% Of Their Profit As Collateral In The First Year (OR) Up To 10% In Their Second Year And On
Do You Need A Lending License?
When You Onboard Our Platform You Will Need To Agree To Our Terms Of Service And Therein Agree That You Have Already Acquired Any Needed Lending Licenses. We Do Not Have The Additional Resources To Verify This Or Require That You Provide Us Documentation To Prove This, So It Is Your Responsibility To Look On The NMLS Website HERE To See If Your State Requires You To Obtain A Lending License To Either Conduct Lending Or To Lend To Borrowers In Each State. If You Have The Resources, You Can Hire A "Lending License Lawyer" To Obtain Your License For You To Avoid The Frustration That The State Regulators Put You Through To Approve Your License
Do You Need A Legally Formed Company?
When You Onboard Our Platform You Will Need To Agree To Our Terms Of Service And Therein Agree That You Have Already Legally Formed Your Company, And After You Signup & Automatically Log In We Will Ask You To Upload Your Document That Proves That, Such As An Article Of Incorporation (If It Is A Corporation), Articles Of Organization (If It IS An LLC), Or Certificate of Limited Partnership (If It Is An LP).
The Onboarding Process
You Signup Your Lending Company Into Our Member Lender Network:
You Work With Us To Add Any End-Borrower Requirements
Add Any Clauses To Your Loan Agreement (With End-Borrowers)
Set Your Interest Rate Spread (By Setting The Interest Rate That You Charge Your Clients/End-Borrowers Higher Than What We Charge You)
Once You Are Approved We Provide Your Lending Company:
Ongoing Lender Financing For Each End-Borrower Loan
An Online Administrator Panel To View All Of Your Clients & Loans
A Web Page On Our Website + Your Logo (To Pre-Qualify Your Clients/End-Borrowers)
(or) Code That Embeds Your White Label Web Page + Your Logo Into:
Your Own Website (To Pre-Qualify Your Clients/End-Borrowers)
Any Retailer's Website (Meaning You Can Partner With Any Retailer To Pre-Qualify & Finance Their Customers/Your Clients/End-Borrowers)
The Lending Process & Characteristics
The Lending Process
Once Your Client/End-Borrower Is Pre-Approved You Will See Them In Your Admin Panel
Your Client/End-Borrower Is Presented The Loan Terms In Their Admin Panel, And They Then Sign Your Loan Repayment Agreement There (Between Your Lending Company & Them/The End-Borrower)
In Your Admin Panel, You Are Then Presented The Lender Financing Loan Terms (Between Lender & GFC) Associated With Each End-Borrower Loan, And You Then Sign Each GFC Repayment Agreement
You Then Click To Submit To GFC Each Individual Loan or All Loans From Each Day To GFC For Final Review
After Brief Final Approval, GFC Signs Each GFC Loan Agreement (Between GFC & You The Lender)
GFC Then Acts As A Nominee & Payment Processor On Behalf Of The Lender To:
Fund The End-Borrower
Automatically Charge The End-Borrower Their Monthly Loan Payment Via ACH Debit
Take Out Your (The Lender's) Monthly Payment Due To GFC And The Lender's Collateral (Up To 20% Of Lender's Profit In The First Year (OR) Up To 10% In Their Second Year And On)
Give The Lender Their Profit In Their GFC Admin Panel (Make A Withdrawal At Anytime)
Characteristics
Your Loans Between You & Your Clients/The End-Borrowers Stay On Your Books
You Are Responsible For Servicing Your Clients/The End-Borrowers
You Scale Up Your Loan Portfolio With Our Funds
Each Time Your Portfolio Reaches $2M, If You Wish To Borrow Against It To Invest In Assets Or Sell It, You Must Engage GFC To Help You Do That
Commercial Term Loans End-Borrower Requirements
Basic Requirements:
Could Be Used For Any Business Purpose
Loans Are Term Loans With 6 Month, 1, 2, 3, 4, or 5 Year Terms
End-Borrower Must Be A US Company Owned By A US Citizen
At Least $50k Annual Revenue Or $5k A Month For 6 Straight Months
Must Be In Business For Over 6 Months
End-Borrower Must Not Have More Than 15 Credit Accounts With Balances
Credit Score Requirement:
Below 650 = Denial
650 to 685 =
Debt To (Pre-Taxed) Income Ratio must be 45% or lower
If the lender’s client (the end-borrower) has a savings account equivalent to 6 months of debt payments, their DTI is allowed to be as high as 50%
Only Between $10,000 And $25,000 could be offered
686 to 699 =
Debt To (Pre-Taxed) Ratio must be 45% or lower
If the lender’s client (the end-borrower) has a savings account equivalent to 6 months of debt payments, their DTI is allowed to be as high as 50%
Only Between $10,000 And $40,000 could be offered
700 to 749 =
Debt To (Pre-Taxed) Ratio must be 45% or lower
If the lender’s client (the end-borrower) has a savings account equivalent to 6 months of debt payments, their DTI is allowed to be as high as 50%
Only Between $10,000 And $75,000 could be offered
750 to 850 =
Debt To (Pre-Taxed) Ratio must be 45% or lower
If the lender’s client (the end-borrower) has a savings account equivalent to 6 months of debt payments, their DTI is allowed to be as high as 50%
Only Between $10,000 And $100,000 could be offered
Consumer Term Loan End-Borrower Requirements
Basic Requirements:
Could Be Used For Big Ticket Purchase Or Any Other Reason
Term Loan Must Be Between $500 And $100,000
Term Loans Must Be 6 Months, 1, 2, 3, 4, or 5 Years
A US Citizen At Least 18 Years Old
At Least $30k Annual Salary
End-Borrower Must Not Have More Than 8 Credit Accounts With Balances
Credit Score Requirement:
Below 650 = Denial
650 to 685 =
Debt To (Pre-Taxed) Income (DTI) (shown above) must be 45% or lower
If the lender’s client (the end-borrower) has a savings account equivalent to 6 months of debt payments, their DTI is allowed to be as high as 50%
Only Between $500 And $25,000 could be offered
686 to 699 =
Debt To (Pre-Taxed)Income (DTI) (shown above) must be 45% or lower
If the lender’s client (the end-borrower) has a savings account equivalent to 6 months of debt payments, their DTI is allowed to be as high as 50%
Only Between $500 And $40,000 could be offered
700 to 749 =
Debt To (Pre-Taxed) Income (DTI) (shown above) must be 45% or lower
If the lender’s client (the end-borrower) has a savings account equivalent to 6 months of debt payments, their DTI is allowed to be as high as 50%
Only Between $500 And $40,000 could be offered
750 to 850 =
Debt To (Pre-Taxed) Income (DTI) (shown above) must be 45% or lower
If the lender’s client (the end-borrower) has a savings account equivalent to 6 months of debt payments, their DTI is allowed to be as high as 50%
Only Between $500 And $40,000 could be offered
We Honor Signed Repayment Agreements As Expected Revenue
We're The Only Lender That Funds Lender's When...
...The Lender Has Zero Current or Historical Revenue
...The Lender Has Little Lending Experience
...The Lender's Only Collateral Is A Signed Client Repayment Agreement
We named the new proprietary lender finance model "Lender Chain Financing."
It is defined as:
Establishing a reliable chain of debt financing where the up-chain members become worthy of lender financing based on the creditworthiness & quality of the end-borrower & charging that end-borrower directly.
The lender and the end-borrower (both) get financed at the same time
We act as a nominee on behalf of the lender to fund the end-borrower, and then we act as a payment processor to collect the loan payments that support the chain directly from the end-borrower.
Lender Financing Is Offered As Follows:
As Low As 13%, Depending On Loan Size & End-Borrower Quality
Why We Are Better
When You Become A Member Lender
You will become a long-term partner of ours, where we agree to fund all of your commercial term loans as long as your client/the end-borrower meets our pre-defined criteria (shown above). We help your commercial lending business scale-up 100x faster than if you were to get periodic loans from other lenders, re-issue that capital to your clients, and then apply for another loan. And when you succeed, "we" succeed with you by creating a credible chain of debt capital.
We provide you with a white-label web page (or code to embed the web page into your own website) equipped with Artificial Intelligence & Data Analytics that allows your end-borrowers to pre-qualify themselves. Only in cases of possible fraud would we positively pre-qualify one of your end-borrowers and then not be able to finance your loan with them.
We know lending as well as anyone, and we provide you with online tools and industry knowledge of best practices to help you succeed.
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Our Little Story
Something About Us
Go Fish Capital is a unique direct financier for new & small lenders. Unlike typical loan institutions which require revenue history & a sizable portfolio, we help new & small lenders scale up from inception so that they can achieve their dreams in "abundance."
When you sign up we review your application for approval, and as long as you meet the pre-mentioned criteria you should have no problem getting approved. Then, we provide you with a web page that you can embed into your website that will pre-qualify all of your applicants based on our pre-mentioned criteria. After your borrower is pre-qualified using the web page that we provided you, we review the end-borrower's application for final approval. You can also see all of your borrower applicants in your Go Fish Admin Panel at all times. We are a direct lender, and we can issue up to $100,000 directly to your borrower within 24-48 hours. No hard credit check, just a soft pull that does not effect the lender's or the end-borrower's credit score. We want to be your last capital provider by providing you all of the capital you ever need to scale-up your lending business.
Our whole system is automated, but if you wish to talk to us, you can call us anytime or chat with us via our chat widget.
* We do not fund lenders' end-borrowers that have companies associated with Hemp, CBD, Adult Content, or Recreational Drugs.
