Program Overview for. New Merchant

Transcription

1 Program Overview for New Merchant

2 efinancing Solutions Overview EFS established in 2005 Headquarters in Overland Park KS EFS is a loan processing company that uses multiple s Our technology design allows us to process different credit levels to different lenders The EFS Loan Management Center is a tool we used to facilitate this process. Web based, secure and accessible with a password, the EFS Loan Management Center automatically applies the loan application to an A lender first, if approved the process stops, if declined the system will send to a B lender, then C until an approval is sent back. Only one application needs to be submitted. The EFS Loan Management Center allows the Merchant to track and monitor the status of each loan application. This secure site also allows you to access the back office so you know that your customers loans are being processed and handled with care. We offer Live telephone support 24/7 365 days per year

3 efs Loan Management System Process Customer/Patient needs financing Merchants Website Merchant/eFS keys in Loan Application Into the efs Loan Center efs Management Loan Center Decisions Terms/Documents Parameters/Guidelines 1. Sends to first choice (Must meet basic guidelines) 2. If Preferred declines, system sends to others based on - Loan Request Type - Merchant / Doctors Settings - Customized Requirements (set by, Merchant or Provider) A Credit 700+ B Credit 650+ C Credit 620+ D Credit 570+ Future s Contracts on system

4 Loan Programs Offered A Credit Loan Programs for 690+ credit scores (2 s) Merchant pays Flat fee of $199 (up to $7500) or $299 ($7,501 to $25,000)for every approved and funded loan Line of credit Programs Maximum $25,000 unsecured (for qualifying applicants) Interest Rates from 10.9% -18.9% 6, 12, 15 and 18 month zero percent interest terms 12 month to 84 month terms No proof of income required Co-Signer accepted for family and non-family members B Credit Loan Programs for 650+ credit scores (2 s) Merchant pays 7% origination fee after loan funds Installment Loans Maximum amount finance $40,000 Interest rates from 6.95% to 17.99% Terms up to 20 years FHA1 Title loan program Must be a homeowner Proof of income is required C Credit Loan Programs for 570+ credit scores (3 s) Merchant pays Flat fee of $249 for every approved and funded loan Interest rates from to 27.99% Maximum Loan amount up to $20, month to 60 month terms Borrower must be on the loan Proof of income is required Co-Signer accepted for family member only Credit Score is not the deciding factor. Other guidelines must be met to determine approval options

5 emerchant Financing Solutions HVAC A Home Improvement efs Loan Management System Landscaping/Pool And Spa efinancing Solutions B Roofing/Windows Plumbing Applications entered by the Merchant or Client Decision within 24 hours or less C EFS gives Merchant username/password to check status Solar Loans are funded within 2-3 days EFS takes care of all paperwork with Client No-Recourse to the Merchant

6 emerchant Program Enrollment Process No minimum time in business All Home Improvement Contractors Business License required No Credit Check on Business Owner ACH funding directly into your Bank Account 12 month agreement (However we will accept a 30 day notice to discontinue the service) Access to Multiple s New s automatically added to your profile Enrollment Agreement includes: 1. There is a $299 one time registration fee. 2. $99 per month subscription fee for accessing the online system 3. Auto ACH billing is required 4. Assistance with Web site design and training day Approval and set up time for you to start offering financing!

7 Contact information: Brian Landry efinancing Solutions, LLC Overland Park KS Office Fax Direct