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Sep 28, 2016 2:45 EST

Target Business Capital LLC: Small business lending is a explosive emerging market and one of the fastest-growing industries today. The industry provides the ability to achieve very large profits with a quick turn to profitability.

iCrowdNewswire - Sep 28, 2016

Target Business Capital LLC Logo

Target Business Capital LLC

Elgin, IL 60123, US
Business Products & Services

Small business lending is a explosive emerging market and one of the fastest-growing industries today. The industry provides the ability to achieve very large profits with a quick turn to profitability. 2014 is projected to produce $8.8 billion in small business loans with an increase to $870 billion of funded loans by 2025 which equates to a stellar 258% year-over-year increased growth rate.

Small Business loans are small short term loans with a 3 to 6 month duration to solve an immediate cash need for the business owners. Fees and loan rates can range from 3% to 5% per month with a 1% to 2.5% origination fee.

Loan application is a simple 10 minute process. Target Business Capital(TBC) can connect small businesses with non traditional funding products in 24 hours or less. Loan are similar to prime credit and loan amounts will range from $5,000 to $100,000. Payments on the loan will be automatically debited directly from the customers bank account. Loans are generally collateralized by a personal guarantee or UCC filing.

Currently 92% of all small businesses are unable to borrow money. Small businesses struggle with cash flow needs and lack the necessary cash to make investments to further grow their business. Seeking capital from a traditional bank is nearly nonexistent.

TBC is not a newcomer to the online lending industry. The ownership and management team have 8 years of online lending experience.
A huge differentiating factor for TBC is that it holds ownership to its own proprietary loan processing software and lead generation technology that is currently in operation. This alone lowers operational cost and adds in credible intrinsic value to TBC upon sale of the company.

Products / Services

Small Business Lending

The customer loan application is a simple 10 minute process. Target Business Capital can connect small businesses with non traditional funding products in 24 hours or less. Loan are similar to prime credit and loan amounts will range from $5,000 to $100,000. The amount loaned is based upon many factors like overall business health, credit risk, credit worthiness and payment histories. Payments on the loan will be automatically debited though ACH on daily or weekly basis directly from the customers bank account or credit card. Loans are generally collateralized by a personal guarantee or UCC filing.

 

Management

Chief Executive Officer
Jeff Pelock

Jeff is a 30 year veteran business entrepreneur used his strong business development skills to build and manage over 60+ companies and generated over a half a billion in revenues with peak annual revenues in excess of seventy five million. With more than 5 years in the Online loan industry he has launched and managed several successful Million Dollar Alternative Lending Portfolios.

Chief Technology Officer
Todd Woodyatt

Todd is a serial entrepreneur and a visionary technologist that specializes in building and managing 30+ multi-million dollar online Businesses. Todd has been in the On-Line Lending Space for more than 8 years and directly or through clients he consults. Currently manages more than $250MM in the Online Lending Services vertical. Co-Founder of an Industry Leading Software Vender serving the Online Lending Community.

Chief Marketing Officer
Doug Ulrich

Doug is a serial entrepreneur with a Big “6” management consulting pedigree. Doug specializes in building and managing 30+ multi-million dollar Online Businesses. Doug has been in the On-Line Lending Space for more than 8 years and directly or through clients he consults, manages more than $250MM in the Online Lending Services vertical. Co-Founder of an Industry Leading Software Company specializing on the Online Lending Community.

Summary

Prior Year Revenue Current Year Revenue Next Year Revenue

 

Company Age Employees Sub-Industry
1 year, 11 months 0 Other Business Products & Services

 

Company Type Stock Exchange Stock Symbol
Privately-Held
Contact Information:

Todd Woodyatt

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