Phil Grossfield's Blog


Vikings’ Curse; Monthly Interest Only Loans

My Schedule…and A Little Extra…

Fran T

The Vikings’ Curse

I can’t help it.  I grew up in St. Louis Park, Minnesota and spent the first 30 years of my life in the Twin Cities…and that makes me a Vikings’ fan.  And yes, it’s been a painful and difficult thing to endure for 55 years.  I remember watching Fran Tarkenton, Chuck Foreman, Sammy White, Carl Eller and Ahmad Rashad in the bitter-ass cold of Met Stadium.  Four Super Bowl appearances and zero Super Bowl titles to show for it. I lived in Wisconsin for four years…hated the Packers before I moved there and hate them more after. I lived in San Diego for fifteen years…I tried being a Chargers fan but when the Vikings came to town I spit on my Ladinian Tomlinson jersey.  Now I live in Scottsdale…been here for eight years. I try to be a Cardinals fan, but I just can’t.  I’ll always be a VIkings’ fan, through bad and bad…it’s a curse I’ll never shake…

My Schedule:  Generally available.  If you need me urgently, text me at (212) 271-8267.  And if you want to ensure we have a block of time together, schedule a meeting on my calendar using this appointment link. 

Monthly Interest Only Loans

I know your Merchants HATE weekly and daily payments. And while WBL makes loans using a money factor with a regular amortizing weekly payment, we also make loans using an interest rate with an interest only monthly payment.  Your Merchants will be very happy to get away from the daily and weekly withdrawals from their business bank accounts!  And interest only payments are much less than amortizing payments because, well, they’re only paying the interest and not principal each month. I advise you contact your past clients and ask them if they need more capital, and while you’re at it, be sure to find out if the y have real estate to pledge as collateral.  If they do, we can consolidate their MCA loans and get them out of daily or weekly payments.

Last Week:  Junior Lien Positions on Real Estate Collateral.

Resource Links, Process & Loan Intake Instructions

Simu - Always AskAppointment Link – Get On Phil’s Calendar.

White Label Marketing Flyers Using Your Logo & Contact Information.

Flyer For Independent Sales Organization – ISO — Phil Grossfield

To Qualify For A Business Loan(1) Equity in Real Estate – we’ll utilize virtually any type and combination of real estate in any condition, and (2) Revenues – sufficient to support/afford the loan payments.  If they have these two, we can overcome just about any hurdle…

Process To Get Started.  Email the loan opportunity to me and I will provide guidance…see below. At the same time, I will send the loan opportunity to our Intake Department to get their feedback on the real estate collateral, affordability, and any other considerations. On the same day or next, you and I will discuss and decide what to Offer your Merchant Borrower. If accepted, then we’ll send them an authorization form and formally submit the loan.

Email the Loan Opportunity To Me.  Send me (1) an Application with all the Merchant/Borrower’s information including their mobile number and email address, (2) a full description of the real estate (download this Excel REO Schedule), and (3) a minimum 3-months business bank statements (6 months is better if you have it).

Always Ask Merchant/Borrower If They Have Real Estate – What Real Estate Will Be Acceptable As Collateral?

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