We've built an iPhone of the SMB lending for the Fed/State&Local contract execution in Eastern Europe. We grew +300% even amid the 2020 pandemic, got a seed round term-sheet from the large local fund.
Now we're going to enter the U.S. market of the SMB Fed/SLED contract execution lending, which is $0.5T/year. We provide fast online scoring and underwriting in 1 day.
Our product is delicious:
— 20% APR (unlike 70% in MCA),
— 3-12 months,
— $250k-1M per contract,
— up to 70% of the contract dollar volume,
— 4.9% origination fee (unlike 5-10% industry standard),
— 1-day approval (unlike 2-3 days in MCA, 3-4 months in SBA),
— only 2 basic documents to underwrite the deal (unlike 5-10 in MCA or SBA).
We know where to source the potential borrowers, but we need to do at least 20+ customer development interviews with U.S.-based GCs. And we need a co-founder which will introduce us to the GC community.
I'm a seasoned startup founder since 2007, our tech team is fast and reliable. Let's rock :)