This guy has been spamming the whole lending section. If your business is really legit, why not just work on the loan amount you need? You said it earns $300,000 a year. We call bullshit on your said lead generation business. You said you sell each lead at $36 (selling to multiple companies). I don't think insurance companies will pay that much money for just a lead acquired from the internet. Calculating it, you need 10,000 leads a year. Your website does not even generate that much traffic a year. How could you even generate that much leads? Your statements don't add up. Your website is pretty much garbage that doesn't really get attention on the internet. If Google "car insurance," I don't think your website will show up within the next 100 pages of google.
Tell us again, how do you generate those leads?
Hey Lone Shark
Let me settle some things about the business and why I am asking for the loan.
1. The site is not ranked in Google, no SEO done. It doesn't generate traffic from search engines. The small traffic that comes to the site is bought from Native Advertising Networks. This traffic is sent to a funnel of pages, usually called landing pages or advertorials. This traffic then converts as leads at a 2% conversion rate on average.
2. Buying traffic to our site is around 15% of revenue. We don't only buy traffic to our site, but buy leads from lead sellers such as AllWebleads and other providers. Buying leads is where most of our profit comes from (85% of leads are bought from suppliers; 15% are generated by buying traffic). Each lead costs us around $12 and we sell them to 8 different companies. Each company receives each lead we buy and generate and they pay us anywhere from $1 through $4 per lead, making us profit by selling each lead multiple times.
3. The roi is around 60%. So even though we make around $25k monthly on revenue, we only profit around $14k or so.
4. With the past 10 months or so of profit from this, I started a supplement business which capital has been invested in supplements and relabeling (Private Labels) and a lot of documents to legally ship them to our customers.
5. The loan is asked as the coming few weeks are the best time to promote weight loss products and I would like to leverage the auto insurance business to have a bigger loan than that of what a bank would give me. Right now I've got a $25k budget only for this supplement business which is being spent as we speak, though I would like to increase my budget by asking for a loan.
I believe I made a lot of points clear, though if you still have any doubts Loan Shark, let me know. I'm happy to clear things out