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  1. #1
    Senior Member Reputation points: 18447
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    Quote Originally Posted by Nunya View Post
    ISO channel represents 29% of Q2 originations
    Wow! Is that correct? They were around 60+% Q1—that doesn’t make sense. I didn’t listen to the call.

  2. #2
    Karen37a
    Guest
    Quote Originally Posted by Jess View Post
    Wow! Is that correct? They were around 60+% Q1—that doesn’t make sense. I didn’t listen to the call.
    I've said why in the past

    And they are seeking out another banking referral relationship

    "Breslow said the company was on track to announce a new bank partnership later this year and had a growing pipeline of potential partners".

  3. #3
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    I don’t think it’s ever been that low. No sense to me to see ISO cut in half in one quarter. Yeah they have been talking about this new partner for 2 years. No impact on this Q. But they are getting into equipment finance which is good for ISOs

  4. #4
    Senior Member Reputation points: 341293
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    Quote Originally Posted by Jess View Post
    I don’t think it’s ever been that low. No sense to me to see ISO cut in half in one quarter. Yeah they have been talking about this new partner for 2 years. No impact on this Q. But they are getting into equipment finance which is good for ISOs
    I bet it goes lower.....
    Kevin Henry
    VP-Business Development
    Seacoast Business Funding, a division of Seacoast Bank
    561-850-9346
    Kevin.Henry@SeacoastBF.com
    1880 N Congress Ave., Suite 404
    Boynton Beach, FL 33426

  5. #5
    Karen37a
    Guest
    Quote Originally Posted by Jess View Post
    I don’t think it’s ever been that low. No sense to me to see ISO cut in half in one quarter. Yeah they have been talking about this new partner for 2 years. No impact on this Q. But they are getting into equipment finance which is good for ISOs
    Isos have existing relationships already

    id beg Kevin for help before i go there lol to each their own

  6. #6
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    Quote Originally Posted by Karen37a View Post
    Isos have existing relationships already

    id beg Kevin for help before i go there lol to each their own
    Don't think for a minute they have not figured out where their most profitable business comes from. Partnering with banks to get clients directly and keeping their best referral sources drives bottom line period. The days of masses of asses of referral sources are over for them. Building a cleaner book at reduced cost is what grows their business.

    We rely and cherish our referral partners....especially the ones that bring us great clients.
    Kevin Henry
    VP-Business Development
    Seacoast Business Funding, a division of Seacoast Bank
    561-850-9346
    Kevin.Henry@SeacoastBF.com
    1880 N Congress Ave., Suite 404
    Boynton Beach, FL 33426

  7. #7
    Karen37a
    Guest
    Quote Originally Posted by kevinhenry0527 View Post
    Don't think for a minute they have not figured out where their most profitable business comes from. Partnering with banks to get clients directly and keeping their best referral sources drives bottom line period. The days of masses of asses of referral sources are over for them. Building a cleaner book at reduced cost is what grows their business.

    We rely and cherish our referral partners....especially the ones that bring us great clients.

    the company now expects a full-year 2018 profit of between $10 million and $16 million, from its previous forecast of up to $10 million
    I am being sarcastic 10 million dollars profit is embarassing for all that volume


    My wall st friends said and I quote... " well they did one thing, they made sure no one will ever want to take someone public again"
    Last edited by Karen37a; 08-07-2018 at 07:31 PM.

  8. #8
    Senior Member Reputation points: 198007
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    Quote Originally Posted by Jess View Post
    Wow! Is that correct? They were around 60+% Q1—that doesn’t make sense. I didn’t listen to the call.
    No chance. Funding Advisor = ISO in OnDeck's lingo. This was taken from their press release.

    Capture.jpg

  9. #9
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    My bad. I just glanced at the nunbers

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