Results 1 to 5 of 5
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08-06-2014, 09:55 AM #1
- Join Date
- Jan 2014
- Posts
- 25
Quarterspot
Anyone do business with these guys? Any feedback?
https://www.quarterspot.com/
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08-06-2014, 10:46 AM #2
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
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08-06-2014, 11:05 AM #3
- Join Date
- Jun 2013
- Posts
- 26
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.
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08-06-2014, 11:15 AM #4
- 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.
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08-06-2014, 11:34 AM #5
- Join Date
- Jan 2014
- Posts
- 25
Thanks for your feedback