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  1. #1
    Karen37a
    Guest
    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.

  2. #2
    Senior Member Reputation points: 9546
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    Quote Originally Posted by Karen37a View Post
    Is this 8 point fee on top of the 1.45-`1.50?

    You said once 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?

    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?

  3. #3
    Karen37a
    Guest
    Quote Originally Posted by AdvanceFund View Post
    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?


    Ok I am just in a differet pool with differnt strategies ...i have been reverseing all those into one positon

    .then renew it over and over and over and over

    to each their own
    Last edited by Karen37a; 11-18-2018 at 11:46 AM.

  4. #4
    Senior Member Reputation points: 9546
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    Quote Originally Posted by Karen37a View Post
    Is this 8 point fee on top of the 1.45-`1.50?

    You said once 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?

    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.

  5. #5
    Senior Member Reputation points: 9546
    Join Date
    Jun 2016
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    Quote Originally Posted by Karen37a View Post
    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?
    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.

  6. #6
    Karen37a
    Guest
    Quote Originally Posted by AdvanceFund View Post
    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.
    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 throat
    Last edited by Karen37a; 11-18-2018 at 11:08 AM.

  7. #7
    Senior Member Reputation points: 9546
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    Quote Originally Posted by Karen37a View Post
    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 $

    Awesome - wish you well! Hopefully we can collaerate one day. My DF buddies love you.

  8. #8
    Karen37a
    Guest
    Quote Originally Posted by AdvanceFund View Post
    Awesome - wish you well! Hopefully we can collaerate one day. My DF buddies love you.
    I know who they are ...we are all phone sales people that's why

    I know 1 or 2 from wall st...stockbrokers

    gl

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