Vendors

what we offer

Fast and Easy Approvals for your clients.

Nothing kills a deal faster than a client…

Getting declined for financing
Not receiving a timely call back
Getting many request for documents

Required to provide a large down payment
Not closing the deal fast enough
Not being truly heard

Loanesta closes more deals for your company

We Make the Process Smooth and Easy

Automated Underwriting

For well-qualified clients, we can often provide instant approval through our automated underwriting system, streamlining the process with quick, efficient approvals.

No Financial Documents

Requesting years of tax returns and bank statements can slow down the process and often jeopardize the deal entirely. In most cases, we can streamline approvals without requiring extensive documentation..

No Money Down

Typically, Loanesta requires little to no money down—often just the first or last month’s payment along with any applicable costs.

Zero Percent Financing

By utilizing Loanesta’s Vendor Boss program, our vendors can offer 0% financing for the entire term of the loan. There are no costs to the vendor beyond using Vendor Boss points, and there are no hidden fees or tricks for the client.

Approve The Un-approvable

Some clients may be unapprovable for financing through traditional channels for various reasons. With the Vendor Boss Program, our vendors have the power to force approvals for these key clients, ensuring they get the financing they need..

Rebates on Financing

Our core products offer a 2% rebate on all referrals. Plus, vendors can earn an additional monthly volume bonus of up to 3%, making it possible to receive a total rebate of 5% .

Talk to an Account Executive
(877) 603-8060

Let’s discuss how Loanesta can help grow your vendor business! Your success is our priority—without our vendors, we wouldn’t be here.

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HOW WE WORK

Vendor Boss Program

This is a brief overview of our exclusive Vendor Boss Program

Zero Percent Program

Offer your well-qualified clients

0% interest financing for one year using the Vendor Boss points you’ve earned by referring Loanesta loans.

Program Details:

Requires first and last month’s payments plus a $295 document prep fee at closing.
Available exclusively for well-qualified clients.
No minimum time in business required. However, for clients in business less than one year, an additional 2 Vendor Boss points per $1,000 financed will be applied.
Approval is based solely on FICO score.
Zero percent financing is for one year of financing. Additional years are possible.

Vendor Boss Points Cost for 0% Financing (1-Year Term):

800+ FICO: 7 points per $1,000 financed
750+ FICO: 10 points per $1,000 financed
700+ FICO: 12 points per $1,000 financed
Below 620 FICO: 20 points per $1,000 financed
Optional Extension:
A second year of 0% financing can be added for an extra 5 points per $1,000 financed, regardless of FICO score.

Un-Approvable Clients

Close your un-approvable clients.

Using your Vendor Boss points that you earned from referring Loanesta loans.

The cost is 1 boss point per $100 of financing.

Example: It would take 25 boss points to approve a loan for $2,500

Financing requires first month payment, last month payments and $295 Doc prep fee at time of closing.

This program is for any legal business.

Interest rate is 24.9% APR

No minimum time in business is required for this program. It is a FICO score only approval.

Cost is 10 Vendor Boss points per thousand dollars of financing for one year.
Lower interest rate by 2% per 1 Vendor Boss point per thousand dollars financed. Rate can be bought down to 1% APR.
5 vendor boss points per additional year of financing per thousand dollars financed. Maximum 10 years of financing.

Earning Vendor Boss Points

For every loan you refer through our core program, you earn one Vendor Boss point per $1,000 financed. These points are awarded even if the loan is closed with a different vendor.

Example: If an audio vendor refers a client who finances $50,000 worth of speakers with them but also secures $75,000 in furniture financing with another vendor, the referring vendor still earns 125 points from this client.

Earn boss points on transactions referred by you that close with Loanesta
Financing must close within 45 days of referral
The financing will earn points if it closes with you or another vendor
No points are earned if we refer the loan to another lender.
Points are only earned on our core program
Only the first person referring a loan to Loanesta earns points.
If clients is already working with Loanesta, no points are earned.
Points expire after one year.

Examples (fictious for illustration purposes only)

ABX Refrigeration partners with Loanesta to finance a $250,000 refrigerator purchase for a client through their core program. As a result, ABX earns 250 Vendor Boss points.

Later, ABX encounters a startup client with a 480 FICO score, no financial documents, and limited funds for a $20,000 freezer. Despite the risk, ABX sees potential in the client’s future purchases and valuable industry connections that could generate referrals.

To secure the deal, ABX uses 200 Vendor Boss points to push the approval through, overcoming typical financing barriers. The client provides the first and last month’s payments along with a $295 document preparation fee. Satisfied with the process, the client goes on to refer significant business to ABX Refrigeration.

OXYX Restaurant Supplies has been a consistent partner of Loanesta, referring financing and closing $5 million in deals, earning 5,000 Vendor Boss points.

A major pizza franchise in Michigan approaches OXYX Restaurant Supplies, expressing interest in sending all its franchisees to purchase equipment—on the condition that financing is secured for all of them. Confidently, OXYX assures the franchise that it’s taken care of.

Over the next year, the pizza franchise refers 25 franchisees to OXYX. Loanesta’s core financing approves 19 of them, generating $1.9 million in funded deals and earning OXYX an additional 1,900 Vendor Boss points. However, six franchisees, totaling $600,000 in purchases, are deemed unapprovable.

To ensure the deal stays intact, OXYX leverages 6,000 of its Vendor Boss points to force approval for the remaining six franchisees. To further strengthen the relationship, OXYX invests an additional 700 Vendor Boss points to offer zero-percent financing for one corporate store location.

As a result, OXYX secures $2.6 million in annual business while earning $130,000 in rebates from Loanesta through its referrals.

faq

Frequently Asked Questions

The more you know about Loanesta, the more you will realize that, your company needs us!

Key Advantages of Loanesta

Loanesta is very aggressive on approving clients of our vendors

No documentation Loans
Speed and customer service is our priority
Loanesta closes loans that no other finance company will close.

Whatr are Vendor Boss points?

Vendor Boss points are points that are earned on every loan referral that is closed on our core loan product. The point system was designed to help our vendors gain business from their clients.

How do I earn Vendor Boss points

It is easy to earn Vendor Boss points. Just refer your clients to us and earn points off the referrals.

Can I earn a rebate for my loan referrals of my clients

Yes! Our core products offer a 2% rebate on all referrals. Plus, vendors can earn an additional monthly volume bonus of up to 3%, making it possible to receive a total rebate of 5%.

Annual Volume Bonus Structure:

$500,000 closed in the previous year → 1% bonus
$1,500,000 closed in the previous year → 2% bonus
$3,000,000 closed in the previous year → 2.5% bonus
$5,000,000 closed in the previous year → 3% bonus

Your previous year’s volume determines the bonus percentage you’ll receive on your current year’s volume.

let’s work together

Let’s close more deals together!

Loanesta helps vendor’s close more deals!