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12-07-2018, 12:57 PM #1
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12-07-2018, 01:38 PM #2
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12-06-2018, 02:38 PM #3
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you are correct. without seconds+ a large % of brokers would not be in business today. if it was still the old model only of 50% paid down and renew or payoff the balance, many would have already fled this industry to something else. also, without c-d funder's, many of the first positions funders inside sales staff that send to these companies would cause a loss in revenues for all those funder's. so, everyone is kind of in this together that wants to proceed in this industry. funders and brokers. funder's who send their declines to higher risk funder's who use COJ and participated in an anti attack against ysc and others, are just as guilty knowing what was happening
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12-06-2018, 02:47 PM #4
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My investment bank approach was to only work with great clients that had good potential. I always had a formal engagement agreement in place and always worked exclusively. My fee structure was a small retainer, a small fee at closing, and stock/warrants on the backside of the deal or cash paid on performance. Still collecting checks today and I gave up investment banking 5 years ago.
This does not work as well in lower middle markets or small business finance, but a there is a similar concept. Only work with good clients that have great potential. Ask to a small fee at closing from the client and ask the capital partner for a good fee on a monthly basis based on collections/fees or a larger fee at the end of the term based on collections/fees. This gains the confidence of the client and certainly the capital provider.Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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