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05-08-2018, 03:51 PM #1
- Join Date
- Feb 2018
- Posts
- 1,349
didn't a company try this model and ended up funding deals themselves eventually and sent out all the low credit deals to other funders? I am not a fan of this model at all. an ISO should have his/her rolodex list of funders they have relationships with to submit deals to (some do soft pulls) and get the deals done direct without going through a portal like this.
https://www.lendio.com/
For IOS's it allows them to submit their deals to multiple lenders without the risk of getting backdoored and without destroying their merchants credit. - what data do the funders see to ensure deals won't get backdoored? Will your co PG that in writing?
For Funders it allows them to source more deal flow and filter the deal flow based on things like business type, revenue, location, etc. - funders are sending deals through you to mask their direct submissions to funders?Last edited by fundingsmbs; 05-08-2018 at 03:54 PM.
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05-08-2018, 04:19 PM #2
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