[area1funding]

Any one do a Fundation/FC Rate and Term (20%/2 years) but on Daily Payments??

[Fundyman]

I only seen that done in Canada, TBH....

[ssafirstein]

Any one do a Fundation/FC Rate and Term (20%/2 years) but on Daily Payments??

I assume you a referring to a 20% APR pre-orig fee with daily payments? On a factor basis, the deal would have to be priced around a 1.21x. I'm not sure of any lenders providing that sell rate for 24 months on daily pay. Why does the merchant want a daily? Does the merchant also not qualify with Fundation or Funding Circle? We offer terms up to 2 years with daily, weekly or monthly repayment options. Our lowest buy rate on a 24 month loan is 1.31x which equates to about a 27% APR pre-orig fee. Our orig fee is 2.5% which bring this to a 30% APR (this is of course before any commission you take). We also offer early repayment discounts on all deals and LOC-like functionality with our loans (i.e. no double dipping/interest-on-interest charges). Feel free to reach out to me directly to learn more about our products.

Steven Safirstein
Vice President of Sales & Head of ISO Relations
Breakout Capital Finance, LLC
6862 Elm Street, Suite 300, McLean, VA 22101
O: 703 852 6013 I steven@breakoutfinance.com