Leo Kanell – Co Founder
Leo Kanell founded Lion Credit and Capital which became a successful commercial lending brokerage with more than 2 dozen agents across the nation. Business owners who were looking for funding would be turned down at their local banks, then they would come across LCC and would be approved for funding with one of their lenders in their network.
There are several success stories mentioned here on the website, but clients were amazed at the possibilities. Often, the issue that we find when hearing about a business owner being declined for a loan is the lack of knowledge in the industry. LCC took it upon themselves under the guidance of Leo Kanell, to educate the client. You don’t have to be stuck with your local bank or the lenders in your area. There are lenders nationwide that offer more opportunities.
The Funding Process
When a client is interested in funding, we consult with the client on the type of funding they need, whether it’s an equipment loan, working capital loan, commercial building purchase or a variety of a few other loans. The next thing would be to acquire a credit report, tax returns if self employed or w2 and pay stubs if employed. The information is then sent to initial underwriting to find out if additional information is needed or if it’s time to find the right lender that fits the needs of that individual.
Depending on the loan size and type, it can take 2 weeks to 3 months for the loan to be completed. Leo does have a great SBA lender that can move things through quickly. Most SBA loans take 3 to 6 months, where our lender can get the loan done in just 45 days.
If you or someone you know is in need of working capital or is looking to purchase a building, come to us to connect you to the right lender. Leo Kanell will point you in the right direction.