Results 1 to 25 of 80
Hybrid View
-
11-18-2018, 10:40 AM #1Karen37aGuest
Is this 8 point fee on top of the 1.45-`1.50?
You said recently to me thanks for the non sense
so I am just trying to understand
Do you get 1.50? like 4 months? then charge 8 points psf fee? on top of the additional underwriting fees that may be charged?Last edited by Karen37a; 11-18-2018 at 10:56 AM.
-
11-18-2018, 10:58 AM #2
- Join Date
- Jun 2016
- Posts
- 416
I tried answering the question as accurately as possible. We will edge the market. We are flexible but if a merchant is taking deals from others are 10% fee over 40 days why would we do 2% fees over 120 payments? But on deals that need large $ it works for everyone. We just funded a merchant 200k following a YS 60k. Three weeks later we added another 50k and potentially another 50k. He’s a great merchant with a great broker that we are happy to be flexible for.
So that being said - you can make 20pts on a 40k stack or 8-10pts on a 250k stack - where are you making more money and where is the merchant netting more money?
And if you still don’t like the math or the offer than go with the 4k or your best next offer. We don’t need apps to underwrite so we hope there isn’t too much risk in getting an offer from us. Many large funders and brokers are happy with us. But perhaps the way we work isn’t for everyone?
-
11-18-2018, 11:01 AM #3Karen37aGuest
-
11-18-2018, 10:59 AM #4
- Join Date
- Jun 2016
- Posts
- 416
I tried answering the question as accurately as possible. We will edge the market. We are flexible but if a merchant is taking deals from others are 10% fee over 40 days why would we do 2% fees over 120 payments? But on deals that need large $ it works for everyone. We just funded a merchant 200k following a YS 60k. Three weeks later we added another 50k and potentially another 50k. He’s a great merchant with a great broker that we are happy to be flexible for.
So that being said - you can make 20pts on a 40k stack or 8-10pts on a 250k stack - where are you making more money and where is the merchant netting more money?
And if you still don’t like the math or the offer than go with the 40k or your best next offer. We don’t need apps to underwrite so we hope there isn’t too much risk in getting an offer from us. Many large funders and brokers are happy with us, make a lot of money quickly with us and fully trust us. But perhaps the way we work isn’t for everyone? Maybe give us a shot if you have something that falls in our box.
-
11-18-2018, 11:03 AM #5
- Join Date
- Jun 2016
- Posts
- 416
However, we have given many approvals this month of 130 payments on 4th, 5th and 6th positions for the right brokers and merchants. We are also able to drop down to 1.399 sell rate. We try to be flexible for good merchants and good brokers. We have a lot of money to deploy for the right partners.
-
11-18-2018, 11:04 AM #6Karen37aGuest
I get it
Depends on the deal and quality of merchant
lowest I am going down to is 1.25 ... 10 points 2 points on top
keep going kill it $
I give my isos 50_80% of the commission depending on their participation..some just hand over numbers and 1 application no docs and same with renewals ( lifetime )as long as they do not try to cut my throatLast edited by Karen37a; 11-18-2018 at 11:08 AM.
-
11-18-2018, 11:07 AM #7
- Join Date
- Jun 2016
- Posts
- 416
-
11-18-2018, 11:09 AM #8Karen37aGuest
Similar Threads
-
Backdoor issue
By Michael I in forum Merchant Cash AdvanceReplies: 8Last Post: 06-12-2017, 09:37 AM -
Credibly issue
By Eric Matthews in forum Merchant Cash AdvanceReplies: 33Last Post: 08-29-2016, 01:17 PM -
Has anyone had this issue with Yellowstone?
By JSL23 in forum Merchant Cash AdvanceReplies: 13Last Post: 08-01-2014, 12:47 PM -
NEW ISSUE for 3rd TIME THIS WEEK....
By AndyYSCISOdept in forum Merchant Cash AdvanceReplies: 17Last Post: 04-21-2014, 09:29 AM -
DF MAG Issue #2
By Capital Stack in forum Merchant Cash AdvanceReplies: 6Last Post: 03-04-2014, 02:01 PM