Results 1 to 25 of 30
-
01-11-2019, 07:51 AM #1
- Join Date
- Dec 2017
- Posts
- 277
Double Dipping
What other companies besides Breakout Capital forgive the so called interest at the time of renewal?
Thank you,
Michael Sla*****er
msla*****er@sla*****er.com
-
01-11-2019, 08:51 AM #2
- Join Date
- Feb 2017
- Posts
- 3,463
Nobody. That's what makes their product unique.
Bluevine doesn't even do it - they stack themselves all day long, but there's no prepayment penalty, so in theory you can get the client stated fresh by paying back the principle.
-
01-11-2019, 09:06 AM #3
- Join Date
- Mar 2017
- Location
- Nunya
- Posts
- 830
-
01-11-2019, 09:15 AM #4
- Join Date
- Oct 2014
- Location
- Naples, FL
- Posts
- 476
Quarterspot, Ondeck...
-
01-11-2019, 09:34 AM #5
- Join Date
- Feb 2017
- Posts
- 3,463
Steven, Quarterspot and IOU are also amortized like Bluevine (QS has steep points coming out of the loan) but there's no automatic renewal like with any line of credit like Bluevine/Breakout.
-
01-11-2019, 10:11 AM #6
- Join Date
- Oct 2014
- Location
- Naples, FL
- Posts
- 476
Thanks for the clarification Micah!
-
01-11-2019, 10:30 AM #7
- Join Date
- Jul 2015
- Location
- Tampa Florida
- Posts
- 503
We have never double dipped a merchant in our 14 years in business
Jason H l Sales & Business Development
Quikstone Capital Solutions l Tampa FL
Direct Line & Mobile 813-371-8233 l Fax 813-371-8233 l Text 727-492-8812
Jason.Hausle@quikstonecapital.com
www.quikstonecapital.com
Direct Lender Since 2005
-
01-11-2019, 11:09 AM #8
- Join Date
- Feb 2018
- Posts
- 1,349
you have to ask renewals specifically if they can do a concurrent or add on VS a refinance. talk to your renewal contact and see if they can do add ons or concurrent
-
01-11-2019, 12:53 PM #9
Ondeck! Getting atleast 1 auto renewal funded every week or so. Though they just pay 2 points for renewal.
Patrick Wilson
Managing Partner
www.PremierCapitalNetwork.com
(NO MORE LENDER/FUNDER CALL PLZ)
-
01-11-2019, 01:05 PM #10
- Join Date
- Dec 2017
- Posts
- 277
-
01-11-2019, 02:19 PM #11
- Join Date
- Nov 2018
- Location
- San Diego, CA
- Posts
- 75
OnDeck and The Business Backer do not double-dip on renewals.
-
01-14-2019, 11:41 AM #12
- Join Date
- Feb 2018
- Posts
- 1,349
-
01-14-2019, 11:45 AM #13
- Join Date
- Nov 2018
- Location
- Phoenix AZ
- Posts
- 90
-
01-14-2019, 12:01 PM #14
- Join Date
- Feb 2017
- Posts
- 3,463
Bluevine is 3% on all draws.
Breakout is max upsell to 8 points on all draws, but they don't always allow that max upsell, so that really depends on the file.
-
01-14-2019, 12:04 PM #15
- Join Date
- Nov 2018
- Location
- Phoenix AZ
- Posts
- 90
Wow thats good. Does Breakout offer a monthly payment plan or is it strictly weekly?
-
01-14-2019, 12:14 PM #16
- Join Date
- Feb 2018
- Posts
- 1,349
If it's not a A+ deal it ain't gettin approved
-
01-14-2019, 12:41 PM #17
- Join Date
- Jun 2017
- Posts
- 2,049
Im prepared to get alot of **** talked for this comment. And that is fine.
Another option for files you send to Bluevine is Par Funding. Their LOC Option, has a buy rate upsell option which allows you to make more money upfront as compared to Bluevine. But Bluevine is better as far as the recurring aspect. Par is a bit more Expensive as well, but when compared to Bluevine you are able to make more Points.
-
01-14-2019, 12:57 PM #18
- Join Date
- Feb 2017
- Posts
- 3,463
Par's LOC is only when it's TOGETHER with an MCA.
That's a harder sell.
-
01-14-2019, 01:05 PM #19
- Join Date
- Aug 2014
- Posts
- 194
-
01-14-2019, 01:26 PM #20
- Join Date
- Jun 2015
- Posts
- 3,326
-
01-14-2019, 02:57 PM #21Patrick Wilson
Managing Partner
www.PremierCapitalNetwork.com
(NO MORE LENDER/FUNDER CALL PLZ)
-
01-14-2019, 07:36 PM #22
- Join Date
- Dec 2015
- Location
- Texas
- Posts
- 552
-
01-14-2019, 07:45 PM #23
- Join Date
- Oct 2016
- Posts
- 4,318
-
01-15-2019, 10:38 AM #24
- Join Date
- Jul 2015
- Location
- Tampa Florida
- Posts
- 503
Jason H l Sales & Business Development
Quikstone Capital Solutions l Tampa FL
Direct Line & Mobile 813-371-8233 l Fax 813-371-8233 l Text 727-492-8812
Jason.Hausle@quikstonecapital.com
www.quikstonecapital.com
Direct Lender Since 2005
-
01-15-2019, 01:07 PM #25
- Join Date
- Feb 2018
- Posts
- 1,349
TBB isn't the same anymore. The original founders and recent CEO left. They prob are running hard with direct sales now
Similar Threads
-
How to double your revenues in 12 months or less
By Bizcoaching in forum PromotionsReplies: 31Last Post: 11-23-2017, 10:40 PM -
Double Dipping Calculator
By Cfairbank in forum Merchant Cash AdvanceReplies: 13Last Post: 11-11-2016, 03:57 PM -
Double Verified Leads
By LEADS4U in forum PromotionsReplies: 2Last Post: 08-30-2016, 04:12 PM -
"Double Dipping"
By Calvin in forum Merchant Cash AdvanceReplies: 3Last Post: 10-27-2014, 08:50 PM -
Stacking and Double Dippin
By LoanShark714 in forum Merchant Cash AdvanceReplies: 1Last Post: 05-12-2014, 01:24 PM