Line Of Credit
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  1. 01-11-2018, 01:32 PM #1
    Michael Slabitcher
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    Line Of Credit

    Hi,

    Are there lenders who provide lines of credit which pay commission every time the merchant draws? I was just informed that Kabbage and Fundbox only pay commission on the first draw (I think this is crazy). I have 2 files ready for submission. Thank you.

    Michael Sla*****er
    msla*****er@sla*****er.com
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  2. 01-11-2018, 01:50 PM #2
    JMB
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    Quote Originally Posted by Michael Sla*****er View Post
    Hi,

    Are there lenders who provide lines of credit which pay commission every time the merchant draws? I was just informed that Kabbage and Fundbox only pay commission on the first draw (I think this is crazy). I have 2 files ready for submission. Thank you.

    Michael Sla*****er
    msla*****er@sla*****er.com
    Fundbox doesnt only do the first draw only they have 2 different ones where they have 5% of whats drawn in 90 days and 1% of lifetime draws
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  3. 01-11-2018, 02:27 PM #3
    Hedley Lamarr
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    Quote Originally Posted by Michael Sla*****er View Post
    Hi,

    Are there lenders who provide lines of credit which pay commission every time the merchant draws? I was just informed that Kabbage and Fundbox only pay commission on the first draw (I think this is crazy). I have 2 files ready for submission. Thank you.

    Michael Sla*****er
    msla*****er@sla*****er.com
    Factors pay commissions on a monthly basis for the life of the client. The commission is based on net spread and volume. The beauty is you get paid more as the client grows.
    Hedley Lamarr......That's Hedley
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  4. 01-11-2018, 02:51 PM #4
    nrh1lp
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    Quote Originally Posted by kevinhenry0527 View Post
    Factors pay commissions on a monthly basis for the life of the client. The commission is based on net spread and volume. The beauty is you get paid more as the client grows.
    To add, when you factor the right deals it really is the ultimate set it and forget it. From a broker's perspective anyway. I love getting checks regularly for little/no work.
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  5. 01-11-2018, 03:32 PM #5
    ryan $
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    Bluevine pays each draw
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  6. 01-11-2018, 03:36 PM #6
    abfunders
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    Ryan forgot to mention they pay every month on the 10th.
    They also do factoring, and spot factoring too, BTW, and it's more expensive than some other lines then lenders here.
    Micah Markowitz | mmarkowitz@abfunders.com | 314-396-2828 | abfunders.com
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  7. 01-11-2018, 05:16 PM #7
    RickyR3712
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    on deck
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  8. 01-11-2018, 05:37 PM #8
    TheShitzuofMCA
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    Greenbox Capital offers lines of credit up to $250k.
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  9. 02-09-2018, 03:39 PM #9
    TheBaron
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    how much does Greenbox and Bluevine pay?
    Last edited by TheBaron; 02-09-2018 at 03:41 PM.
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  10. 02-15-2018, 11:40 PM #10
    With A C
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    BlueVine pays 3% on each draw
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  11. 02-18-2018, 02:59 PM #11
    PismoBruce
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    Fundbox is now 3 years on the 1%, or 5% for 90 days.
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  12. 02-26-2018, 06:33 PM #12
    Sachip24
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    Quote Originally Posted by The****zuofMCA View Post
    Greenbox Capital offers lines of credit up to $250k.
    since when does GreenBox offer lines of credit? My own rep there doesn't even know about this
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