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  1. #1

    Need a New Funding Source for ISO with fundings over 1.0M x month

    Guys this is my first post but I have been reading for a bit the forum , Its always nice to see that people share and help each other.

    Well I have a big question here ? We are an ISO that funds over $1.0M x Month and we are looking for a new Partner that can help us get to the $5.0M X Month goal that we have for next year. We need fast approvals (4Hr turn around time ) we need High Loan Amounts $300K and we want to have an honest upfront communication with our Account Manager. We take a lot of pride and effort on our Merchants so its very important for us to make the funding process as transparent and easy as possible.

    If anyone can advice the best funding resources we will appreciate it.

    We current Work with : On-Deck , Swift , CAN on our Tier 1 funders.

    Thanks for the help
    Last edited by microboby; 11-24-2014 at 03:04 PM.

  2. #2
    Max Advance is a direct lender with industry leading commission payouts. Recently revised underwriting guidelines allow for more aggressive funding! Our seamless underwriting process funds your deals with ease. Looks like we can be a perfect match to fill the void. Give us a call and we can get you set up. We give all our ISOs VIP Treatment
    Last edited by admin; 06-02-2015 at 03:01 PM.
    Christina Rossi
    Business Development
    Account Executive
    Tel: 866-629-4464 ext 229
    Fax: 917-368-6943
    Crossi@maxadvance.com
    www.maxadvance.com

  3. #3
    Senior Member Reputation points: 54975
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    Cresthill Capital Sign-up below LINK:

    http://cresthillcapital.com/index.html#iso

    we compensate commissions on the payback so our commissions are 38-45% higher then many other companies.

  4. #4
    Yellowstone can assist here

    800-955-2411

  5. #5
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    You're with the top players already, what aspect is missing from those guys? I don't think you can get much quicker than ODC and CAN.

  6. #6
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    Quote Originally Posted by microboby View Post
    Guys this is my first post but I have been reading for a bit the forum , Its always nice to see that people share and help each other.

    Well I have a big question here ? We are an ISO that funds over $1.0M x Month and we are looking for a new Partner that can help us get to the $5.0M X Month goal that we have for next year. We need fast approvals (4Hr turn around time ) we need High Loan Amounts $300K and we want to have an honest upfront communication with our Account Manager. We take a lot of pride and effort on our Merchants so its very important for us to make the funding process as transparent and easy as possible.

    If anyone can advice the best funding resources we will appreciate it.

    We current Work with : On-Deck , Swift , CAN on our Tier 1 funders.

    Thanks for the help
    How many reps do you have?

  7. #7
    Quote Originally Posted by Sherlock MCA Holmes View Post
    You're with the top players already, what aspect is missing from those guys? I don't think you can get much quicker than ODC and CAN.
    Let me explain On- Deck has very strict guidelines and they wont go outside their box ( They don't need too. I guess) So they are limited to certain SIC codes . Also their Max Loan Amount is $200K , they have a $250K product but they don't even like to offer it. I would use them for every single deal but they only fit like 30% of my business
    CAN is limited to $150K Loan and we have not had the best results with them , our rep was far from stellar.


    Our Average Loan amount is $100K so we really need serious players that approve fast and fund

    We have 6 account executives , Its a very good team

  8. #8
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    Six Figure loans, try Kalamata capital. They have aggressive buy rates.
    Second place? Set of steak knives.

  9. #9
    Senior Member Reputation points: 11553 Eagle Funding's Avatar
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    Eagle Funding Group
    Phone: (646) 793-6809
    Email: info@eaglefundinggroup.net
    Web: www.eaglefundinggroup.net

  10. #10
    Guys Thanks for the PM's and reply's , I want to empathize that we are lookig for a partner / lender that has the ability to close larger deals , has fast approvals and we get industry standard commissions ( lets say same as On-Deck Tier 1 partner)

    Has anyone worked with BOFI directly? Do they take ISO's

    Thanks

  11. #11
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    Rapid Capital Funding can help you out here. Very competitive factors and we can go up to $300K. PM me.

  12. #12
    Senior Member Reputation points: 113 MatthewAStucchio's Avatar
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    World Business Lenders will fund big deals with collateral. 212 220 6018. Make up to 12 points. Mstucchio@WBL.com

  13. #13
    Quote Originally Posted by MatthewAStucchio View Post
    World Business Lenders will fund big deals with collateral. 212 220 6018. Make up to 12 points. Mstucchio@WBL.com
    Matt I exchanged Emails with Mr. Moses and unfortunately his ISO agreement reflected a much different deal that the 12 points , I'm sure you guys are a great Biz just not what I'm looking for here.

    Thanks

  14. #14
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    Microboby try Lendini

    Try Lendini they are funding aggressive 1st and 2nd positions
    Last edited by vmccapital.com; 11-25-2014 at 12:06 AM.

  15. #15
    My name is Brandon Seger and I work with GoAccredited. My application approval time is just about always under four hours. My personal line is (636) 627-9498 and
    I would love to help you get this deal funded! Give me a call as soon as possible so we can get this ball rolling! Thank You.

  16. #16
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    Bfs

  17. #17
    Quote Originally Posted by 5daycapital View Post
    Six Figure loans, try Kalamata capital. They have aggressive buy rates.
    Thanks for the mention 5day!

    We specialize in larger A paper deals: $50,000-$750,000 at very competitive buy-rates.

    Micro-I will pm you my contact information.

    Best,
    Brandon

  18. #18
    Thanks Guys for the Info , I believe we found a Strong Partner that can fit our needs .

  19. #19
    Senior Member Reputation points: 983 Joseph Esparza's Avatar
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    Quote Originally Posted by microboby View Post
    Guys Thanks for the PM's and reply's , I want to empathize that we are lookig for a partner / lender that has the ability to close larger deals , has fast approvals and we get industry standard commissions ( lets say same as On-Deck Tier 1 partner)

    Has anyone worked with BOFI directly? Do they take ISO's

    Thanks
    We Currently work with ISO's that Fund 1mm+ on our platform. These deals are a mixed-bag, to which we answer by going out to any position necessary to assume the sale, with references upon your request.
    Our commission is best measured by our throughput and not by its percentage.

    Let's setup a Face-to-Face to discuss the details,
    My best,
    Joseph
    Joe Esparza
    FUNDKITE
    "FinTech High-Risk Funding Table"
    joseph.e@fundkite.com | 929.999.2700x1008

  20. #20
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    If you are looking for something comparable to CAN and ODC's program but with a larger advance amount you are probably looking to work with MCC and/or BFS. BFS goes really big but you need a tax return just to get an offer. MCC will give approvals up to $300k, but will later require a tax return. Both really good companies. They aren't quite as automated, but probably the closest thing you are looking for as compared to the others.

  21. #21
    Member Reputation points: 11 socalgav's Avatar
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    Might want to look at BFS... we do very large deals with them routinely

  22. #22
    Veteran Reputation points: 134971 Chambo's Avatar
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    Quote Originally Posted by 5daycapital View Post
    Six Figure loans, try Kalamata capital. They have aggressive buy rates.
    Kalamata...is that the MANDIS company?

  23. #23
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    Quote Originally Posted by Chambo View Post
    Kalamata...is that the MANDIS company?
    Yes. Any experience dealing with them?

  24. #24
    Veteran Reputation points: 157541 J.Celifarco's Avatar
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    Quote Originally Posted by channin19 View Post
    Yes. Any experience dealing with them?
    I have dealt with them.. The underwriting is tight but for better deals the rates are excellent. 12 month max

  25. #25
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    Quote Originally Posted by J.Celifarco View Post
    I have dealt with them.. The underwriting is tight but for better deals the rates are excellent. 12 month max
    They will go out to 18 months. But UW criteria is very strict, closer to a bank than MCA, they actually base the approval off of EBITA not gross revenue , so they have declined some of our otherwise super clean files (700+credit, 20k average daily balances, many years in business, but EBITA was not high enough) . But rates are good, and they will fund up to 750k

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