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06-11-2017, 06:58 AM #1Senior Member
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What's the avg underwriting fees on mca
9000 deal..he nets 8165..is this standard?
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06-11-2017, 07:18 AM #2Senior Member
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Sounds about right. There's probably a $395 underwriting fee and $395 ACH program fee in there. One of them can be negotiated if necessary but your commission will take a cut.
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06-11-2017, 02:39 PM #3Senior Member
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One lender out there if they charge a fee will give me 75. 25 my way. 8 percent fee and 45 plus cents on dollar..yikes.
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06-12-2017, 11:06 AM #4Senior Member
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That sounds pretty high for a small deal. SOS charges 350 for deals under $30,000 and 1.2% for deals above. No ACH, UCC release.....
David Obstfeld
Chief Executive Officer
SOS Capital
1330 Ave of the Americas, NY, NY 10019
212-235-5455
SOSCapital.com
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06-12-2017, 11:10 AM #5Senior Member
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Welcome to merchant cash advance
Originally Posted by golf2014
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06-12-2017, 11:15 AM #6Senior Member
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We have no fees other than the money factor.
Jason H l Sales & Business Development
Quikstone Capital Solutions l Tampa FL
Direct Line & Mobile 813-371-8233 l Fax 813-371-8233 l Text 727-492-8812
Jason.Hausle@quikstonecapital.com
www.quikstonecapital.com
Direct Lender Since 2005
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06-12-2017, 11:48 AM #7Senior Member
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I don't like anything over 5% so on the 9K deal thay should net 8850
Andrew J. McDonald
Director of ISO Development
Yellowstone Capital LLC
1 Evertrust Plaza
Suite 1401
Jersey city, NJ 07302
PH - 347.464.0785
FX - 646.213.1790
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06-12-2017, 12:00 PM #8Member
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5% of 9k is $450. Net would be $8550. Is that ISO PSF, ISO rep PSF, YSC miscellaneous fees, and funder's Bank fees all included?
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06-12-2017, 01:40 PM #9Senior Member
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Every ysc deal ive ever done has almost 10% in ysc junk fees and then their own psf..
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06-12-2017, 04:32 PM #10Senior Member
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Bank fees at YSC. Love those guys but nuff said.
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06-12-2017, 04:34 PM #11Senior Member
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...
Last edited by Funder Mark; 08-03-2017 at 03:48 PM.
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06-12-2017, 04:41 PM #12Senior Member
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$5
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08-03-2017, 03:45 PM #13Senior Member
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Wise guy over here ehhhhhhhhhhhh Originally Posted by FCG
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08-03-2017, 03:45 PM #14Senior Member
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Make sure you add a 15% psf!
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