[SmartAdvanced]

My take on this is that a broker should present the best product for the merchant, after all they are Your client. Dont sell the dream, sell the real. Present realistic expectations and know the product you are selling. Its not always about making the quick commission but rather generating a long lasting relationship with your entire pipeline. A 10 day deal is not the Real, even for a default merchant.

You very nicely avoided and skipped my question about the 50 day deals - that CFG is doing all day long - after you go ahead and rip people who do 30 day deals

[Lmonus]

You very nicely avoided and skipped my question about the 50 day deals - that CFG is doing all day long - after you go ahead and rip people who do 30 day deals

Like i said AGAIN - 50 day deals and 30 day deals are two different types of animals. We DO NOT do them often. Do we do them? Yes we do. 50 day deal = ill give this guy a shot, theres enough room for me to squeeze in and hopefully get a better deal come refi time. A 30 day deal = taking advantage of a merchant who you see will be able to afford to pay you, but crush his business while doing so and not refi it. (In and out)

I answered your question twice now, and im not even sure why your bringing up 30 day deals when the funding in question here is a 10 day funding...

Stats for you = Month of June we funded 789 units, 68 of which were 60 days or less in term. Thats 8.6% of our volume. All day? Please, our average deal term was 101 days dude.

[Cashman1]

Like i said AGAIN - 50 day deals and 30 day deals are two different types of animals. We DO NOT do them often. Do we do them? Yes we do. 50 day deal = ill give this guy a shot, theres enough room for me to squeeze in and hopefully get a better deal come refi time. A 30 day deal = taking advantage of a merchant who you see will be able to afford to pay you, but crush his business while doing so and not refi it. (In and out)

I answered your question twice now, and im not even sure why your bringing up 30 day deals when the funding in question here is a 10 day funding...

Stats for you = Month of June we funded 789 units, 68 of which were 60 days or less in term. Thats 8.6% of our volume. All day? Please, our average deal term was 101 days dude.

U deserve credit saw you do a 125 day deal, when no one would of done more then 90 days at max! This was last month.

[VeganFunder]

You very nicely avoided and skipped my question about the 50 day deals - that CFG is doing all day long - after you go ahead and rip people who do 30 day deals

Any funder that doesn't fund with an algorithmic "box" is going to look for value in deals and try to put some type of offer on files that are fundable.

A 10 day deal is WAAAAYY different than a 50 day deal.
A 10 day deal is almost always sold by telling the merchant something that simply will not happen. Term loan. Bigger longer refi.

I don't know Nanoflex well, only that they'll swing on deals with aged defaults-- which is suuuper risky but isn't idiotic (Credit One does the same thing, but with credit cards)
I'd even be willing to bet that the ISO on this file kept pushing for an offer on a deal and the underwriter went "fine-- you want this deal so bad, here's an offer, take it or leave it"

Now a 50 day deal

You've never had a merchant that was waiting on a check from a vendor, but had awful credit and MAYBE even had some intense funders in there with you?
You're giving the guy a shot on something you're comfortable with and he's always welcome to say no



And while we're at it-- why is 4 months an acceptable term, but 3 is nuts?
Where's the logic there

"I only charge 1.45's, but anyone who charges a 1.46 is just greedy. By the way, I won't take less than 10 points on the funded --but I will never charge more than 5% as a fee because I'm one of the good guys"

Pot calling the kettle black