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  • Franklin's Avatar
    Yesterday, 06:54 PM
    $75,000 - $125,000 is average 250,000 and up is very good 400,000+ and up is a rock star There are top closers doing 2 million, as SendDocs said, but they are rare, and they have a team with openers and doc chasers and an assistant to answer calls and smooch with merchants. So the question does need to be quantified a little more: Any closer doing over 250,000 a month will usually have a team. There are some solo rockstars, but they're more like white stags in the wild (the top guy I know does/did 1 million by himself). The funding types you offer will determine your closing, as 2 fast track SBA loans can give you half a million in funding right on the spot, and that can be done without a staff. But it would be less profitable than that amount in merchant cash advance, unless of course you're good at invoicing merchants directly. Some closers do their own prospecting, some closers only see the deal when an offer is made and it's their job to get them to sign contracts, and some closers may have openers and doc chasers and an assistant to answer calls and smooch with merchants. A closer on salary who makes 1-2 points on a deal, makes less than a closer who runs an Iso shop and makes a share of everyone's commission, plus closes his own deals for 100% of the commission A closer who has a partner or investor fronting a heavy budget for leads, again is more of an order taker at that point and will be generating a lot of revenue. Time is what impacts profitability the most. If someone (or something) else is doing your prospecting and qualifying, that clears the way for you to focus on the most profitable tasks: getting the merchant to sign and staying on top of him for renewals (and some companies have renewal departments), so even that can be delegated to free up more time to close. www.UccRadar.com – Large sales volume merchants filling out your application.
    11 replies | 633 view(s) | |
  • diditevenfund's Avatar
    Yesterday, 06:31 PM
    Another broke loser that funds a couple deals a month im sure.
    5 replies | 1038 view(s) | |
  • Mynameisbob's Avatar
    Yesterday, 06:22 PM
    Who can fund a check cashing store grossing 10M annually?
    0 replies | 45 view(s)
  • Collinscash's Avatar
    Yesterday, 06:20 PM
    Hi everyone, I wanted to share my experience with Smart Business Funder, the most reliable funding company I've encountered for business financing. Whether you're just starting out or looking to expand, they offer excellent services and tailored solutions to fit your needs. APPLY NOW Or contact us Smart Business Funding Toll-Free Number:1-866-Re-Smart Fax: 347.402.1650 Email: Info@SmartBusinessFunder.com Why Smart Business Funder Stands Out: Expertise in Business Financing: They have a highly experienced team that understands the ins and outs of business funding. Authoritative and Trustworthy Service: Their reputation in the industry is top-notch, and they consistently deliver on their promises. Customized Funding Solutions: They offer a range of options, from short-term loans to long-term financing, all customized to meet your business's specific needs. Key Benefits: Quick and Easy Application Process: Their streamlined process ensures you get the funds you need without unnecessary delays. Competitive Rates and Flexible Terms: They offer rates and terms that are designed to fit your budget and cash flow. Dedicated Support Team: Their support team is always available to help with any questions or concerns. For more details, you can visit their website at Smart Business Funder. Has anyone else worked with Smart Business Funder or have other recommendations for reliable funding companies? I'd love to hear your thoughts and experiences!
    0 replies | 60 view(s)
  • Gofund's Avatar
    Yesterday, 06:19 PM
    Hi Brokers, Limelight Advance is a micro funder that focuses on funding deals ranging from $2,000 to $30,000. We prioritize speed, offer great deals, and aim to compete with other similar funders like Vader. To get your micro deals funded as soon as possible, please contact mark@limelightadvance.com.
    0 replies | 55 view(s)
  • MaximumCash's Avatar
    Yesterday, 06:07 PM
    Any updates? We're in the same boat.
    5 replies | 1038 view(s) | |
  • closer129's Avatar
    Yesterday, 04:44 PM
    closer129 replied to a thread Lendora in Merchant Cash Advance
    Bad companies like that gives gives good companies a bad reputation and makes it harder to get iso's to sign up with them. I would never steal my brokers files. They work to hard to get them to have someone steal there commission. If you are looking for a great company with good morals and reputation feel free to reach out to me. Scott Platto scott@tmrnow.com tmrnow.com 212-220-9872
    5 replies | 445 view(s) | |
  • DonMcGrath's Avatar
    Yesterday, 04:43 PM
    Interesting. At the ripe age of 19 years I'm still learning new things. I told my mom not to judge me for my basement living quarters, and now I'm right.
    32 replies | 2686 view(s) | |
  • Steven_O's Avatar
    Yesterday, 04:42 PM
    What a wealth of accurate and clear information! Dude, you rock for always keeping it upfront. There's a ton of opportunity in this industry, for someone new, with the right well established company.
    11 replies | 633 view(s) | |
  • Yankeeman07's Avatar
    Yesterday, 03:39 PM
    There are several New Domain Extensions that a Financial Broker may utilize to "Brand" your phone number, personal name, or business name. Examples of New gTLD Extensions: www.capital www.cash www.financial www.loan www.loans www.money Many Revenue Based Finance Brokers Are Seeking The Best Lead Source The answer are Leads You Generate from your own efforts. One method is to create multiple (100 or 1000's) Sub-Domains web sites with a contact form to generate leads. Thru organic SEO the web sites will be indexed by search engines and the 1000's of smaller directories over time. All Domain(s) Purchased Included The Following Linux Server Hosting - VPS (Virtual Private Server) 1 Domain Registration SSL Certificate Domain Privacy Unlimited Web Space Unlimited Bandwidth Unlimited Subdomains - Great For Organic SEO - Creating Landing Pages Unlimited MySQL Databases Hosted Email Unlimited Mail Lite Mailboxes, Unlimited Email Forwarders Advanced DNS FTP / File Manager Root Access Control Panel Access Hosted Microsoft Exchange Email Account $995.00 Per Year
    0 replies | 34 view(s)
  • diditevenfund's Avatar
    Yesterday, 03:36 PM
    This.. like why? Are people just not able to clear background with real funders and roll the dice with random shi$ bags? I dont get it, someone enlighten me.
    6 replies | 251 view(s) | |
  • Zonefund's Avatar
    Yesterday, 03:27 PM
    Just a heads up mexican, this is a broker. Are you a direct lender now Nick?
    6 replies | 214 view(s) | |
  • Zonefund's Avatar
    Yesterday, 03:26 PM
    Zonefund replied to a thread Lendora in Merchant Cash Advance
    Did they stop funding in house? 24 cap aka symplified does the same thing. Lendora has given me some nice reverses. I dont use them for straight deals. Perhaps they broker those.
    5 replies | 445 view(s) | |
  • SendDocsPlox's Avatar
    Yesterday, 03:19 PM
    2MM+ Solo, not counting a Team they likely have under them
    11 replies | 633 view(s) | |
  • Russell's Avatar
    Yesterday, 03:13 PM
    it's the same guy as hybrid advance and blue rock capital, search on dailyfunder for those 2 companies for the answer to your question
    1 replies | 80 view(s) | |
  • Seesaw2022's Avatar
    Yesterday, 03:08 PM
    how much is a top closer funding a month ?
    11 replies | 633 view(s) | |
  • Robinhood21's Avatar
    Yesterday, 02:58 PM
    Hello all what are your thoughts on family funding group? Experience with them?
    1 replies | 80 view(s)
  • Seth Davis's Avatar
    Yesterday, 02:02 PM
    That's how you hotbox, deprive yourself of oxygen and only inhale the serendipitous smoke for peak performance
    32 replies | 2686 view(s) | |
  • Mikefunds's Avatar
    Yesterday, 01:46 PM
    Mikefunds replied to a thread Lendora in Merchant Cash Advance
    Lendora's been doing this for months. We caught their hand in the cookie jar a few months ago and stopped sending files since. Bad situation all around
    5 replies | 445 view(s) | |
  • Franklin's Avatar
    Yesterday, 01:45 PM
    He does have an interesting way of turning simple subjects into colorful ones. www.UccRadar.com - Large sales volume merchants filling out YOUR Application.
    5 replies | 357 view(s) | |
  • NeedmoreISOS's Avatar
    Yesterday, 12:50 PM
    I enjoyed this, you really took me on ride with the narration. I envision the voice of Leonardo DiCaprio in The Wolf of Wall Street. I am open to see where the ship sails. Leads make the world go round, Now you just need 1 more.
    5 replies | 357 view(s) | |
  • DonMcGrath's Avatar
    Yesterday, 12:37 PM
    There's definitely some cost savings in that strategy, although your lungs might say otherwise in 10 years, but why have the windows closed?
    32 replies | 2686 view(s) | |
  • DonMcGrath's Avatar
    Yesterday, 12:11 PM
    Great conversations. Looking for 1 or 2 more.
    5 replies | 357 view(s) | |
  • NickHubbard's Avatar
    Yesterday, 11:03 AM
    Nathan Capital Group | https://nathancapgroup.com
    6 replies | 214 view(s) | |
  • NeedmoreISOS's Avatar
    Yesterday, 10:32 AM
    NeedmoreISOS replied to a thread Lendora in Merchant Cash Advance
    Oh boy, another one bites the dust. What was the size of deal & also who did they fund your deal with?
    5 replies | 445 view(s) | |
  • NeedmoreISOS's Avatar
    Yesterday, 10:27 AM
    NeedmoreISOS replied to a thread Newtek in Business Loans
    Very fair rates giving on there term product option, correct they have dissolved their LOC product. In replace you have the AR lines which can work in the favor of the merchant. I would suggest using them if you can't find a back-up.
    3 replies | 112 view(s) | |
  • DavidBau's Avatar
    Yesterday, 10:19 AM
    DavidBau replied to a thread Newtek in Business Loans
    In the process for 2 term loans - I'll let you know how they turn out
    3 replies | 112 view(s) | |
  • diditevenfund's Avatar
    Yesterday, 10:08 AM
    People need to just stick to well respected known funders, just asking for it doing otherwise.
    5 replies | 445 view(s) | |
  • Oxforddan's Avatar
    Yesterday, 09:46 AM
    Oxforddan replied to a thread Newtek in Business Loans
    I do about 20-40m a year with them. They don't have a LOC product aside from their AR lines which there are better options for elsewhere. The only thing they have that is useful is the SBA product. Which will be the highest rate around so they can sell off the portfolio. With that being said they do get a decent amount of deals done for me however the level of communication leaves a lot to be desired.
    3 replies | 112 view(s) | |
  • sergio450's Avatar
    Yesterday, 09:36 AM
    sergio450 started a thread Newtek in Business Loans
    Has anyone actually funded a Term Loan or LOC with Newtek? I am curious about their rates and terms. Any feedback is appreciated.
    3 replies | 112 view(s)
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