[CHAMP3]

Looking for some input on personal experiences with ARF and BFS?

I have worked in the industry going on 7 yrs. My experience has been more on the director lending side of things. If you are an ISO and have worked with the two entities above, your feedback is appreciated.

Champ

[Jared_Weitz]

Both tough to work with in my opinion. Both fund large amounts though which is a plus but most these days do. In an industry where technology is becoming more and more of a useful asset I would stick to the MCC's and ODC's of the world. Then for cheaper rates have your outlets for those too. I would stick to places who can offer various products, good technology, fast UW and competitive rates. In my opinion both ARF and BFS fall short on those marks. While each hit some, both in my opinion don't hit all. I've started on the funding side, then moved to the broker side, and now am a Hybrid of both and those are my experiences.

[anonymous]

Have had nothing but great experiences with BFS. Approvals are a little slower than OD, but they go out 15-18 months in most cases which is good, issue very strong approvals for restaurants and other high cc volume businesses, and take on B paper deals at a higher rate which a lot of their competitors do not. They require a few more minor stips, but nothing too serious - they are definitely one of our go-to lenders.

Haven't worked with ARF - put in a call and online ISO app in the past, but never heard anything back from them.