Best Early Payoff Incentives Lender
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  1. #1

    Best Early Payoff Incentives Lender

    Who give the best early payoff incentives on a 2nd position funding 200-300k?

    Need it to go longer than 3 months.


    Thank you

  2. #2
    Sounds like you should be asking for lowest rate.

  3. #3
    Lowest rates 2nd position?

  4. #4
    Quote Originally Posted by StipMeBabyOneMoreTime View Post
    Sounds like you should be asking for lowest rate.
    Quote Originally Posted by Olah54 View Post
    Lowest rates 2nd position?

  5. #5
    Karen37a
    Guest
    Quote Originally Posted by Olah54 View Post
    Who give the best early payoff incentives on a 2nd position funding 200-300k?

    Need it to go longer than 3 months.


    Thank you

    Getting 200-300k on a first position ( no real collateral) is generous...because Id never go in with my own money ...i could be bankrupted on One default. Even the best merchant can have a heart attack tomorrow

    ( I did have a merchant have a heart attack..I had them sign off on documents from the hospital bed to release funds from the processing to the funder...sigh. lol...sorry God for laughing he did survive and his business is great, making 200k a month now)

    Now, this is the second position with more risk...For that reason, he is saying it might be best to look for the lowest rate aka did I stutter? lol
    Last edited by Karen37a; 10-30-2018 at 10:20 AM.

  6. #6
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    Quarterspot
    IOU

    You really need to try to tell us industry and revenue and existing debt/advances and approximate credit to answer your question better.

  7. #7
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    Quote Originally Posted by Olah54 View Post
    Who give the best early payoff incentives on a 2nd position funding 200-300k?

    Need it to go longer than 3 months.


    Thank you
    pm me, we can do 25% discount
    High risk paper

  8. #8
    Karen37a
    Guest
    lol

  9. #9
    Quote Originally Posted by MidnightAdvance View Post
    pm me, we can do 25% discount
    This is what I'm talking about.

    Midnight might have 4 month 1.75 with a 25% discount. (Not sure of Midnight's math but that would be a 1.5 in my book).

    You might do better getting a 1.45 6 month. But you need to provide more details.

  10. #10
    Karen37a
    Guest
    Quote Originally Posted by StipMeBabyOneMoreTime View Post
    This is what I'm talking about.

    Midnight might have 4 month 1.75 with a 25% discount. (Not sure of Midnight's math but that would be a 1.5 in my book).

    You might do better getting a 1.45 6 month. But you need to provide more details.

    And this is what I am talking about. That person should not be an independent Iso. They should go thru a Super Iso or work inside an experienced office or co-brokered.

    Because that 200k-300k sale has a high probability of being stolen or backdoored from him

    it's not an early pay off discount,,,,its the 5 finger discount

    And even it is not stolen if he shops it out all over town and doesn't close within 7-30 days then what

    Some A paper companies do not need lead Generation...smart mouth brokers keep sending in files they cant close then come crying to me to pull the sale back out of the piranas den

    this is the hot **** part...a few times I did it when I didn't want to the broker said...well you didn't do anything you dont deserve a commission and then it blew out onto the Daily Funder so I wont do it anymore and it blows out onto th DF
    Last edited by Karen37a; 10-30-2018 at 11:36 AM.

  11. #11
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    Knock it off, Karen!

  12. #12
    Karen37a
    Guest
    Quote Originally Posted by WestCoastFunding View Post
    Knock it off, Karen!
    West its not as simple as getting an iso and sending in a file. If you do not know who to send it to and what the pricing is the merchant will go into the

    "witness protection program"

    Bottom line

    Funders will hold your application for 7-30 days depending on the funder, and they consider it there's ( I think 30-60 days is fine because no one should have a lifetime hold on a merchant) and some are just going to backdoor you.

    __

    West do you think its ok for these brokers to keep sending files to someone who has no intention of funding it?

    or brokers keep buying leads from India which are really just burnt yellow page lists?

  13. #13
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    Quote Originally Posted by Olah54 View Post
    Who give the best early payoff incentives on a 2nd position funding 200-300k?

    Need it to go longer than 3 months.


    Thank you
    Orange Advance gives GREAT early payoff incentives! Please call me when you have a moment to speak.
    Isaac N Mizrahi
    ISO Relations Manager | SPG Advance, LLC
    Office: 212-225-8279
    Mobile: 323-617-1397
    Email: Isaac@SPGAdvance.com
    www.SPGAdvance.com

  14. #14
    Karen37a
    Guest
    Quote Originally Posted by QuickFund View Post
    Orange Advance gives GREAT early payoff incentives! Please call me when you have a moment to speak.
    hey Isaac...love your shoes

    I use to wear them in the clubs...singing . Tag team back again .....whomp there it is

    https://www.youtube.com/watch?v=xsfgmkSk7h4
    Last edited by Karen37a; 10-30-2018 at 12:20 PM.

  15. #15
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    i think Yalber has the best early payoff incentive - Principal only if paid off within first 2 months. I might be wrong on the time frame, correct me if i am.
    Thank you,

    Lior Monus
    Business Development Manager
    CFG Merchant Solutions


    Direct: (646) 880-6764
    Cell: (516) 319-5826
    Fax: (646) 278-7322
    Lmonus@cfgms.com
    180 Maiden Lane New York, NY 10038

    www.cfgmerchantsolutions.com

  16. #16
    Karen37a
    Guest
    Quote Originally Posted by Lmonus View Post
    i think Yalber has the best early payoff incentive - Principal only if paid off within first 2 months. I might be wrong on the time frame, correct me if i am.
    this

    Some places will do it but the commission will be reduced as if they paid off in 2 months...so you cant get the benefit of x ...when it can be Y


    this little tidbit stops most brokers from looking for an early payoff *
    Last edited by Karen37a; 10-30-2018 at 12:28 PM.

  17. #17
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    Quote Originally Posted by Karen37a View Post

    Bottom line

    Funders will hold your application for 7-30 days depending on the funder, and they consider it there's ( I think 30-60 days is fine because no one should have a lifetime hold on a merchant) and some are just going to backdoor you.
    Not every funder does this.

  18. #18
    Karen37a
    Guest
    Quote Originally Posted by Nunya View Post
    Not every funder does this.
    this is true and even some of the ones who do it dont do it to people who do alot of business with them. And Strong salespeople have held onto their sales...lost a few ...the key is to know who is who. I just look at that and think someone owes me money

    and my contention is.. while learning go to someone who has your best interest at heart if you can find them

    Also, Funders got deals sent to debt relief from brokers who got pissed off. Not all of them got caught.

    We are all supposed to be a "team"
    Last edited by Karen37a; 10-30-2018 at 12:43 PM.

  19. #19
    Karen37a
    Guest
    Someone in Florida recently went out of business and sold all of their files off to a few debt relief companies

    like a massive calling bliz...we locked down our merchants...

    Guess no one cares about those things

  20. #20
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    Quote Originally Posted by Karen37a View Post
    hey Isaac...love your shoes

    I use to wear them in the clubs...singing . Tag team back again .....whomp there it is

    https://www.youtube.com/watch?v=xsfgmkSk7h4
    Isaac N Mizrahi
    ISO Relations Manager | SPG Advance, LLC
    Office: 212-225-8279
    Mobile: 323-617-1397
    Email: Isaac@SPGAdvance.com
    www.SPGAdvance.com

  21. #21
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    Expansion Capital has pretty agressive early payoffs.

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