Results 1 to 6 of 6
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08-17-2017, 02:15 PM #1
Credit Card Splits?
Who Does Them In The Industry Now?
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08-18-2017, 11:54 AM #2
- Join Date
- Aug 2014
- Location
- New York, NY
- Posts
- 71
We do and have a host of split partners.
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08-18-2017, 11:59 AM #3
Splits come in handy when banks are marginal.
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08-18-2017, 12:38 PM #4
Splits come in Handy when a merchant does 40K in credit cards and the banks look very bad, lol.
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08-18-2017, 12:49 PM #5
- Join Date
- Jul 2015
- Location
- Tampa Florida
- Posts
- 502
We have been doing credit card split MCA's since 2005. We are a direct lender and credit card processor.
Commission:
We pay 30% of gross profit on each funded deal. ($50,000 funded X 1.359 (standard money factor) =$67,950 ($17,950 X 30% = $5,385 commission)
Deal Submissions:
Fully completed and signed application
Two most recent business bank statements with all pages
Most recent 4-6 months credit card processing statements with all pages
Copy of owners driver license or passport (Will need this before funding is released)
If deal will be $50,000 or more we need the 2016 tax return OR year to date 2017 profit and loss statement with balance sheet
If there is an existing funding/cash advance we need to know the balance and will need a payoff letter to move forwardJason 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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08-18-2017, 01:04 PM #6
- Join Date
- Apr 2017
- Location
- Dallas
- Posts
- 183
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