Bright Side Loans
Bright Side Loans
Company Overview
67% of the population lives paycheck to paycheck - Bright Side Loans and our expansion channel, Fintech Franchise Network originates small consumer loans to folks in the subprime space. Launched in 2/2023, we are surpassing every performance metric. Fintech Franchise Network is a strong growth/expansion channel for Bright Side Loans - A virtual nonprime loan office. Over the next 5 years we are launching 26franchises, a $135M portfolio, $58M Net Income and a $500+M valuation. Find out why Franchising is a strong strategic advantage. 2024 Plan: Launching 5 Franchises (All locked in ready to go) INVESTOR RETURN: DEBT: 22% - EQUITY: 12X Opportunity over 5 Years Bright Side Loans is a fully operational online consumer loan company licensed in 5 states. Founded (2018) by Credit Risk, Scorecard and Analytics experts (Beneficial and Household Finance) the latest FinTech tools are utilized to lend, service and collect small consumer loans ($1300 / 12 months). Bright Side is serving customers in the non-prime lending space with proven credit risk scorecards, marketing programs, serving and collection strategies that are proven and profitable. Bright Side Loans has proven all facets of operations and will be the "test kitchen" for Fintech Franchise Network. Fintech Franchise Network is seeking $6M via Equity and $6M Debt which will be used for Lending Capital to fund the launch of our initial 5 virtual lending branch offices. Fintech Franchise Network is profitable 12 months from launch. Our team of 10 Consumer Finance experts (Beneficial and Household Finance) have decades of experience in the $$ Billions. We have NEVER missed an investor payment and look forward to delivering for you. Let's connect over zoom and explore the value we will deliver for you. Align Calendars Here: https://koalendar.com/e/virtual-coffee-w-glenn (copy/paste link) KEY: We are FULL transparency - Including full due diligence deal room access.
Products & Services
Fintech Consumer Lending - NonPrime Customers
67% of the Population lives paycheck to paycheck - $532 Billion Lending Market Easy/Quick - Small consumer loans to the right customers. Using the latest FinTech tools, coupled with proprietary credit risk policies and scorecards (IP), Bright Side Loans picks the right loans for the right customers - helping them with their immediate cash needs. Bright Side Loans helps customers avoid the payday lenders and at times, "graduates" folks from the payday lending world with the right loans, lower interest and affordable payments. Born from the Beneficial and Household Finance lending models, the leaders of Bright Side are committed to serving customers with the right loan - right when they need it. Key Point: We have numerous strategies and IP to pick the right customers (credit risK) despite any inflation or economic conditions. Additionally, we have strategies to combat an increasing rate environment to eliminate them from being impacting factors for delivering our business plan.
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