[skideeppow]

Anyone know these guys? Just lost a deal to them. $38k at a 1.22 over 12 months. I came in at a 1.25 9 months on 33k.

[mcaguru]

they are perhaps one of the largest A paper houses in america.

[WestCoastFunding]

they are perhaps one of the largest A paper houses in america.

There you are. Why are you hiding?

[Atlas Financial]

If they can't fund it in-house from internal leads, then they're probably funding over 1 million a month with 3-4 different funders. Gilbert is making serious $$$$

[RickyR3712]

they are perhaps one of the largest A paper houses in america.

I do not think the forum will let that other thread go.Are you going to respond?

[Cashman1]

Anyone know these guys? Just lost a deal to them. $38k at a 1.22 over 12 months. I came in at a 1.25 9 months on 33k.

They do sick deals and when a merchant tells you the offer he has, you don't believe him its usually National!

[Atlas Financial]

Yeah, National plays by different rules sometimes. They're massive. I think they spent over 15 mil on marketing alone last year. They also offer 20 pts on some deals apparently. That's what happens when you get cheap capital from lenders and put it out effectively. Most "funders" are borrowing at LIBOR + 12, which is why they can't do lower than 1.25-1.37 buy rates. They're also not profitable because of the huge interest payments to their line of credit, overhead, and defaults.

[ryan $]

Yeah, National plays by different rules sometimes. They're massive. I think they spent over 15 mil on marketing alone last year. They also offer 20 pts on some deals apparently. That's what happens when you get cheap capital from lenders and put it out effectively. Most "funders" are borrowing at LIBOR + 12, which is why they can't do lower than 1.25-1.37 buy rates. They're also not profitable because of the huge interest payments to their line of credit, overhead, and defaults.

That's why you gotta do 1.49-1.59 20-30 Days! Tell em! Lol

[skideeppow]

good info thanks

[mcaguru]

National is in the business financing space for around 20 years they originally had equipment company "five point capital" sending mailers for equipment leasing the original partner left (got into real estate) and now its headed by the other partner. National probally one of those shops a CIT might one day want to buy...

[WestCoastFunding]

National is in the business financing space for around 20 years they originally had equipment company "five point capital" sending mailers for equipment leasing the original partner left (got into real estate) and now its headed by the other partner. National probally one of those shops a CIT might one day want to buy...

Excellent info, Marcus. Now back to the other thread; you posted and ISOS email to you. The ISO then sought approval from you to post Mantis’s reply. Are you gonna give him the ok to post it?

[Chargers]

Anyone know these guys? Just lost a deal to them. $38k at a 1.22 over 12 months. I came in at a 1.25 9 months on 33k.

I have a few friends that sell over at National and they kill it. National spend millions of dollars a month in mailers and advertising. Their great if you work for them but if you use them in your portfolio have fun, they take 3-4 days to get ya an approval. PS, they just rented out the entire Petco Park Baseball Stadium in San Diego for their company Xmas party and hired FloRida to perform. Guess they doing ok over there.

[fundingsmbs]

they are more direct anyways aren't they?

[GoodCustomerService]

All I see them do is take bankable merchants and give them 30% money. They can be beat. Just requires a better funding structure for the client, not just cheap cost, and a game plan moving forward for future financing.

[FroFunds]

Their buy rate on 12 months is a 1.26. So I don't think your client was being honest with you.

[skideeppow]

Their buy rate on 12 months is a 1.26. So I don't think your client was being honest with you.

interesting. Thanks for that.

[fundingsmbs]

We can get buys as low as 18% over 12 months with A funders.

[GoodCustomerService]

Structure is key with most Merchants nowadays. Anyone interested in beating out National on offers, or anyone else in the A space, PM me.

[dtxbusinesssolutions]

Structure is key with most Merchants nowadays. Anyone interested in beating out National on offers, or anyone else in the A space, PM me.

[giveme]

I tried calling National Funding to send them deals, but they don't have anyone who answers. Anyone here have a direct number for them?

[WestCoastFunding]

National isn’t going to accept you as a broker unless they visit your office first. Very picky.

[patrickw]

I lost one last week! Merchant had a 110K 12 months 1.35. I had a 85K 1.35 8 months

[patrickw]

You can try Kapitus next time. I did a fantastic deal last week. I needed 130K for the merchant every one was giving me around 100K offer. Even Ondeck gave me 105k 12 months but Kapitus they gave me a whooping 149,800 offer 12 months with 1.23 buy rate weekly

[fundingsmbs]

National isn’t going to accept you as a broker unless they visit your office first. Very picky.

more and more are doing this there is so much good business already coming in the door at most funder's that they should be picky.

[rhum2016]

So National Funding(and others) has an affiliate program through CJ, does anyone know anyone who got approved and uses it? Its not really for brokers since you are just paid referral flat fee but more for high volume traffic and content producers.