[Jackie8424]

Hi does anyone know the maxxx term knight goes up to?? And the max amount they can fund ??

[mrmrg]

Knight is now offering weekly and bi weekly payment options along with up to 18 months terms. Max is still capped at 250k.

[GoodCustomerService]

What are the buy rates like on a Knight Capital 18 month deal?

[Michael I]

What are the buy rates like on a Knight Capital 18 month deal?

only god knows . lol . it goes to their mad science lab and what they come back with is any one guess . I funded a 12 months at 1.31 paying me 5 points the other month

[GoodCustomerService]

I find it hard to believe they have independently started funding deals north of 12 months. But that's the beauty of this business....shock and awe.

[Michael I]

I find it hard to believe they have independently started funding deals north of 12 months. But that's the beauty of this business....shock and awe.

i read thru all the fine print on the contract and it is defiantly their contract and not a white label. btw this was paper that was declined even from the other b guys in the space

[GoodCustomerService]

That's not so shocking. You should give us a try. Besides doing 1st and 2nd's up to 12 months, we fund a lot of deals WAY out of the box.

[Michael I]

That's not so shocking. You should give us a try. Besides doing 1st and 2nd's up to 12 months, we fund a lot of deals WAY out of the box.

and you are?

[GoodCustomerService]

Dave Korchak. Primary Capital.

[mrmrg]

Dave Korchak. Primary Capital.

The name of the thread is knight not primary capital.

[patrickw]

Recently signed up with them after chasing them for months. So far seen 3 approvals from them they all were good credit solid deal and the avg term were 7-9 months. I sent them one of my Kapitus/SFS approval which was 115K over 12 months but I need more dollar and they gave me whooping 154,500k over 10.5 months with 1.37 buy rate.

[NoBigDeal]

The name of the thread is knight not primary capital.

I think he was responding to Michael I who was asking him who he was

[WestCoastFunding]

Recently signed up with them after chasing them for months. So far seen 3 approvals from them they all were good credit solid deal and the avg term were 7-9 months. I sent them one of my Kapitus/SFS approval which was 115K over 12 months but I need more dollar and they gave me whooping 154,500k over 10.5 months with 1.37 buy rate.

They are no joke.

[GoodCustomerService]

Recently signed up with them after chasing them for months. So far seen 3 approvals from them they all were good credit solid deal and the avg term were 7-9 months. I sent them one of my Kapitus/SFS approval which was 115K over 12 months but I need more dollar and they gave me whooping 154,500k over 10.5 months with 1.37 buy rate.

Wow. You were chasing them to sign up...that's incredible.

[k lion]

what company is this?

[freeprocessing]

what company is this?

Look at the name of the thread

[Atlas Financial]

it's an interesting route they are taking. they rely solely on a data model for funding. no manual or plastic folder of "how to underwrite" brochures. that is why you're getting offers or declines that are very different from everyone else. they are relying solely on the performance of every deal they have ever funded and letting the data do the talking. most people on here won't like it, but it works for them, and they can then pull levers to control defaults and returns. for every funded deal, the pricing gets better and better. people in this industry for a while will know they only did 6-8 months, 1.25-1.375 buy rates for a long long long time. now with those results, you can see them pushing out term and changing payments to weekly or biweekly. now, that doesn't mean those merchants can handle that, but the data will tell them after dozens of deals are completed if that's the right solution. rinse and repeat. maybe one day they can do monthly

[Atlas Financial]

it takes serious nuts and strong operations to not rely on a COJ or saying ADB has to be X, or monthly deposits have to be X, or NSFs have to be X.

[patrickw]

Wow. You were chasing them to sign up...that's incredible.

I had to. Saw tons of good feedback!

[blashley]

it's an interesting route they are taking. they rely solely on a data model for funding. no manual or plastic folder of "how to underwrite" brochures. that is why you're getting offers or declines that are very different from everyone else. they are relying solely on the performance of every deal they have ever funded and letting the data do the talking. most people on here won't like it, but it works for them, and they can then pull levers to control defaults and returns. for every funded deal, the pricing gets better and better. people in this industry for a while will know they only did 6-8 months, 1.25-1.375 buy rates for a long long long time. now with those results, you can see them pushing out term and changing payments to weekly or biweekly. now, that doesn't mean those merchants can handle that, but the data will tell them after dozens of deals are completed if that's the right solution. rinse and repeat. maybe one day they can do monthly

keen observation!