8 Money Lending Company Success Stories [2024]

Updated: November 19th, 2023
Start A Money Lending Company

A money lending company is a business that provides loans to individuals or businesses in need of financial assistance. This type of company typically operates by offering a range of loan products, such as personal loans, business loans, and mortgage loans, to customers who meet specific eligibility requirements.

To run a successful money lending company, it is essential to have a thorough understanding of financial regulations and compliance and a strong marketing strategy to attract and retain customers. It is also essential to clearly understand potential borrowers’ creditworthiness and carefully evaluate the risk of lending money to them.

One essential tip for running a successful money lending company is offering customers competitive interest rates and terms, which can help attract and retain business. It is also essential to thoroughly understand the local market and carefully assess the risks and potential returns of lending to different types of borrowers.

In addition, it is essential to have a strong customer service team to handle inquiries and complaints and establish clear policies and procedures for handling defaulted loans. By following these tips and staying up to date with industry trends, entrepreneurs can start and run a successful money-lending company that helps meet their customers’ financial needs.

Here are some real life success stories of starting a money lending company:

1. Stratton Equities ($12M/year)

Michael Mikhail, founder and CEO of Stratton Equities, came up with the idea for his business after noticing the transformation of the mortgage industry. He launched the company in 2017 with just $1,000 and within six months, it had grown to $1 million. To date, the company has grossed over $3 million, offering innovative loan programs and attracting customers through industry directory listings and email marketing.

How much they make: $12M/year
Current team size: 20

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How I Started A $300K/Month Money Lending Company

How a mortgage broker used $1000 to grow a leading hard money and NON-QM lender, grossing over $3m and offering some of the lowest rates in the industry by specializing in private unique loan programs with the largest variety of mortgage loans and programs nationwide and closing loans within 7-10 days.

About
Michael started Stratton Equities about 7 years ago
Revenue
Michael grew the business to $1M/month
Read by 30,400 founders

2. Lending America LLC ($300K/year)

Curtis Nalley, the Founder and CEO of Lending America, came up with the idea for his business after experiencing firsthand the struggle of obtaining startup capital through traditional banks. He saw a need for young entrepreneurs to have access to more funding and decided to provide 0% interest loans for 12-24 months, along with credit repair services and education on building credit. With billions of dollars funded to thousands of businesses, Nalley measures his success by loaning between $200,000 - $300,000 of his own money per month.

How much they make: $300K/year
Current team size: 2

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How I Started A $25,000/Month Business Lending Money Online At 0% Interest

Lending America offers 0% interest loans alongside credit repair and education to young entrepreneurs who are struggling to obtain startup capital, having funded billions of dollars to thousands of US businesses over the course of five years.

About
Curtis started Lending America LLC almost 9 years ago
Revenue
Curtis grew the business to $25K/month
Read by 8,050 founders

So... can you actually make money with a money lending company?

Of course. There are millions to be made in this industry.

But how?

  1. Research real, profitable businesses and see exactly how much money they make.
  2. Study exactly what works, and what doesn’t.
  3. Take action, because now you have the roadmap.

Join Starter Story and build your next big thing:

Start Now

3. Anchor Loans ($1.2B/year)

Steve Pollack, co-founder and CEO of Anchor Loans, started the private lending company after realizing that local fix and flip entrepreneurs needed access to capital to grow their businesses. With a team of real estate and IT experts, they developed a fintech platform that allowed them to fund loans in as few as 3-5 business days. Today, Anchor Loans is a nationwide industry leader, with over 85% of their customers being repeat borrowers. They have been profitable every year since their founding in 1998 and have been recognized as one of the top 1000 fastest-growing companies in America.

How much they make: $1.2B/year
Current team size: 155

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How 3 Professional Poker Players Started A $100M/Month Hard Money Loans Company

Anchor Loans is a private lending company that has grown into a leader in their industry, funding over $1 billion in loans to fix and flip investors in a single year and has been profitable every year since their founding, and they credit their success to their focus on exceptional customer experience and the development of their fintech platform.

About
Steve started Anchor Loans almost 26 years ago
Revenue
Steve grew the business to $100M/month
Read by 7,148 founders

4. Parcela Ja ($288K/year)

Miguel Quintas came up with the idea for Parcela Já after seeing people in Israel pay for groceries with pre-dated checks. He wanted to automate the process with payment cards, and after 12 years, he finally launched the business in Europe. Today, Parcela Já has 400 retail shops in Portugal and is looking to scale up and expand internationally.

How much they make: $288K/year
How much did it cost to start: $1M
Current team size: 8

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How I Launched A $24K/Month Instalment Payments Service

Miguel Quintas launched a "Buy now. Pay later" business called Parcela Já, offering up to 12 interest-free installments for end consumers, which now has over 400 retail shops using the system and thousands of transactions.

About
Miguel started Parcela Ja almost 6 years ago
Revenue
Miguel grew the business to $24K/month
Costs
It cost Miguel $1000000 to start the business
Read by 4,740 founders

So... can you actually make money with a money lending company?

Of course. There are millions to be made in this industry.

But how?

  1. Research real, profitable businesses and see exactly how much money they make.
  2. Study exactly what works, and what doesn’t.
  3. Take action, because now you have the roadmap.

Join Starter Story and build your next big thing:

Start Now

5. Y2 Lending ($84K/year)

Eugene was laid off from his tech job in the summer of 2022. While going back to corporate would give him the required financial standing, he didn't want to be miserable again. Finally, he pulled the trigger and opened a HELOC.

How much they make: $84K/year
How much did it cost to start: $0
Current team size: 0

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How I Make $7K Average Monthly Revenue As A Real-Estate Lender

Real estate lender and investor, Eugene Nilus, discusses launching his private and hard money lending business, which has been making between $6,000-$9,000 a month since opening, sharing tips on networking, attracting customers, and building trust, with the goal of scaling to lend 100 million dollars by 2024.

About
Eugene started Y2 Lending over 1 year ago
Revenue
Eugene grew the business to $7K/month
Read by 1,298 founders