Quarterspot
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  1. #1

    Quarterspot

    Anyone do business with these guys? Any feedback?
    https://www.quarterspot.com/

  2. #2
    Veteran Reputation points: 159073 J.Celifarco's Avatar
    Join Date
    Oct 2012
    Location
    New York
    Posts
    2,509

    Recently signed up with them. Their process is a little different then what I would say the norm for the industry is but they offer very low rates for the merchants that fit in their box. If you are looking for a low rate option they are worth a try

  3. #3
    We've used them on about a dozen deals over last 6 months...I agree with above comment, typically lower rates if you get the approval, they just added a 12-month term as well. FYI, they've told me its only a soft pull on merchant's credit, no LL call, and I don't think they require merchant acct statements. They will do second position within reason, and they keep the rate lower so merchant loves it.

  4. #4
    Senior Member Reputation points: 50583
    Join Date
    Jul 2014
    Location
    Online
    Posts
    965

    We use them a lot. Only issue is the commissions are taken off the top of the loan. If we do have a merchant that qualifies through them, we let them know that there is an origination fee but the term is longer and the rates are significantly lower. We haven't had a merchant say no yet.

  5. #5
    Thanks for your feedback



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