The Captain's Brief
Everything you need to understand our line of credit, steer clients through the process, and claim your rightful share of the bounty.
Who We Are
Ahoy matey! In the world of treasure and trade, it's not just gold that counts, but the bonds we forge along the way! Loot is a direct lender chartin' a smarter course for small businesses with a flexible line of credit.
Quick Facts
- Started in Boston in 2021
- 4.8 stars on Trustpilot
- A+ Rating on the Better Business Bureau
- Bi-lingual (English & Spanish) support
Our Core Beliefs
- Small business owners deserve caring capital providers
- Strong partnerships are everything
- Lending and borrowing should be more enjoyable
- Transparency builds trust at every step
What Makes Us Different
- Industry leading 10% commission on LOCs
- Real time funding on draws 24/7/365
- Mobile app for customers
- 50% early pay discount
- Partner Slack channel with real-time deal alerts
Key Crew Members
John Cain
CEO, Co-founder
Luke Peake
CXO, Co-founder
Paul Arute
VP of Product
Veronica Velasquez
Account Executive
Drew Ramocki
Director of Underwriting
Our Underwriting Guidelines
The treasure map for getting your clients approved.
| Overview | Details |
|---|---|
| Approval Amounts | $5k - $100k |
| Repayment Frequency | Daily, weekly, and bi-weekly |
| Terms | 4-6 months |
| Position # | 1st to 3rd |
| Buy rates | 1.29 - 1.39 |
| Commissions | Up to 10% |
| Minimum Requirements | |
|---|---|
| Time in Business | 1 year |
| Monthly Deposits | $15K |
| Average Daily Balance | No minimum |
| Negative Days | <4 per month |
| Bank connection | Required |
Prohibited Industries
- Non profit
- Guns/Ammo
- Cannabis
- Moving companies
- Trucking/Transportation
- Debt Collectors
- Auto & Boat Sales
- Adult entertainment
- Financial/Investment/Crypto
Prohibited States
- Texas
Prohibited entity types
- Sole proprietorship
Partner Requirements
To keep our partnership shipshape, we have a few minimum requirements.
Approval Rate
20%
Minimum Required
Target: 35%+
Booking Rate
10%
Closed / Approvals
Target: 20%+
Default Rate
<17%
Maximum Allowed
Target: <13%
The Submission Process
With Loot, you're never lost at sea. We guide you from submission to payday.
Receive Approval
Get a soft approval via email. Choose "accept" or "decline" and select any upsell options.
Closing Process
We send a Plaid link to the customer, pull a soft credit check, and confirm cash flow.
Line Activated!
Customers can access their full line immediately to cover expenses and manage cash flow.
A Simple Customer Experience
Customers simply tap to draw from their line—no paperwork, no waiting.
Customer clicks button to request funds
Customers simply tap to draw from their available line - no paperwork, no waiting.
Customer can review terms before committing
They select a payment option that suits them, and away they sail.
Customer has option for Instant Transfer
If they need it fast - they can opt for same-day funding with Instant Transfer.
Payments, balance, contracts all inside customer portal
Customers can track draws and view payments, all in a simple user interface.
Let's talk treasure!
Commissions
4-month term ➔ Up to 6% commission
5-month term ➔ Up to 8% commission
6-month term ➔ Up to 10% commission
Let your client choose what works best for their cash flow.
Every time they make a draw, they pick the term that fits their cash flow best — 4, 5, or 6 months.
Our broker guide gives you the full picture
Earn up to 10% commission depending on the customers selected payment option.
Commission Transparency
You control the commission—your client sees exactly what they’re getting.
Real-Time Earnings Preview
Adjust your rate and instantly see your payout update.
Built for Speed and Trust
Designed for fast deals with clear, honest terms.
And since it’s a line of credit, your commission is paid on every draw — not just once upfront.
Recurring revenue, pirate style.
Start selling smarter with Loot.