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Your Lender Application
will be matched against each and every Borrower Application
in our database. Our program will calculate a number of financial
ratios from each Borrower Application as well and these too
will be compared against the financial ratio criteria you input
on your Lender Application. In all, nearly 170 financial ratios
and data fields are compared one by one against your Lender
Application input field parameters for every business/commercial
borrower in our database.
There are no fees for
submitting your Lender Application to our database. You only
pay Privex.com a success fee if you ultimately provide financing
or a credit facility to a business/commercial borrower from
a match provided by or through Privex.com. This success fee
is one-half percent (0.5%) to one percent (1%) of the loan
amount. Specifically, it is 0.5% for funded loans on commercial
real estate property, 0.75% on other funded business/commercial
loans or lines of credit (excluding equipment loans or leases)
and 1% on funded equipment loans or leases. In order to avoid
smaller non-qualified users from using Privex.com we have established
a minimum success fee for this and any service of $12,500.
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