Student Loan Advance Funding
Providing liquidity & growth capital for your student loan company.
SL Advance Funding (“SLA”) is the first finance company formed specifically to provide financing solutions for your student loan services. We are exclusively integrated with Onsite CRM to provide seamless service and integration. With our SL Advance Program, we finance 100% of your deals within 24 hours. Our financing provides growth capital for student loan companies (“SL Companies”) looking to grow rapidly or with immediate cash needs and you can use as much of, or as little of, our financing as you’d like.
Here’s How the Program Works:
The SL Advance program is integrated into your Onsite CRM platform, and during a sales call you simply select to finance a deal with SLA. Once the deal is executed with the client, we collect the necessary diligence items (contract, recording, etc.) and fund up to 95% of the contract amount within 24 hours.
- Acceptance Rate: 100% of all deals are financed. No required credit underwriting of clients is needed.
- Advance Rate: Up to 95% of the contract amount paid.
- Timing: Funds will be deposited into your account within 24 hours of contract execution between your company and the client.
- Residual Fee Split: All residual cash flows and service fees thereafter received by a financed client will be split 50/50 between your company and SLA.
- Accounts: All funds will be deposited and handled out of an SLA controlled account.
- Term: Financing available for 30, 60, and 90-day installment contracts