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  1. #1

    Consolidation Deals

    Who is the Best MCA Consolidation company ?

    Not really another 60 , 80 , 120 funder . Someone that actually consolidates

    Thanks

  2. #2
    Senior Member Reputation points: 8447
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    I will consolidate other positions using our credit card split product. Typically we like the merchant to net 70-75% but in some situations we have let them net as low as 40% as long as we were saving them hundreds-thousands daily. We have consolidated as many as 5 positions when it makes sense financially for the merchant. We will not consolidate if it's going to put the merchant in a more or equally stressful position.
    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

  3. #3
    Quote Originally Posted by Jason Sterling View Post
    I will consolidate other positions using our credit card split product. Typically we like the merchant to net 70-75% but in some situations we have let them net as low as 40% as long as we were saving them hundreds-thousands daily. We have consolidated as many as 5 positions when it makes sense financially for the merchant. We will not consolidate if it's going to put the merchant in a more or equally stressful position.
    If Merchant has to Net 75% they would need to get a huge loan probably for most cases and then payments would probably be higher than before . Its just Math I guess , Its not a bad idea for the guys that have retail and solid cc sales but its not really the solution Im looking for here

  4. #4
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    Par funding is by far the top consolidator in the industry

  5. #5
    Quote Originally Posted by microboby View Post
    Who is the Best MCA Consolidation company ?

    Not really another 60 , 80 , 120 funder . Someone that actually consolidates

    Thanks
    We do reverses, organized professional

    Jayson@mradvancellc.com
    8 points in reverses
    Last edited by Jayson Yunason; 05-21-2019 at 09:53 AM. Reason: Typo

  6. #6
    If Par Funding only payed commission they'd be great to work with.

  7. #7
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    Quote Originally Posted by MCAsolutions View Post
    If Par Funding only payed commission they'd be great to work with.
    they do.

  8. #8
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    Quote Originally Posted by ryan $ View Post
    they do.
    BS

  9. #9
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    Quote Originally Posted by mrmrg View Post
    BS
    Every deal Ive ever funded with Par Ive been Paid on.

    I know a few other ISO's that are paid regularly by them as well.

    So.... No....It's not BS.

  10. #10
    Quote Originally Posted by MCAsolutions View Post
    If Par Funding only payed commission they'd be great to work with.
    It just takes 1 Unpaid ISO to make a funder not reputable . I don't want to be that Second one he didn't pay . If ISO's would stick together or a Blacklist of funders that don't pay we would have such a more clean industry . If they have a problem paying and ISO imagine if they have multiple deals from your book of business ? They probably will backdoor all renewal and cut you off . Iso's spend way to much time, resources and funds to build a book of business...

  11. #11
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    Quote Originally Posted by microboby View Post
    It just takes 1 Unpaid ISO to make a funder not reputable . I don't want to be that Second one he didn't pay . If ISO's would stick together or a Blacklist of funders that don't pay we would have such a more clean industry . If they have a problem paying and ISO imagine if they have multiple deals from your book of business ? They probably will backdoor all renewal and cut you off . Iso's spend way to much time, resources and funds to build a book of business...
    Brokers are MUCH worse at keeping track of "blacklists." You know why Par didn't pay on a 2nd reverse you did? Because the first one defaulted 4 months in, and they're recovering their losses. You know why you didn't get a

    At least funders have underwriters and real money backing them keeping them honest. Unlike us brokers, especially anonymous ones on forums without lawyers - the best we can come up with is complaining to other anonymous brokers on forums without proof. Just guesses.

    A broker blacklist is honestly the stupidest idea I've heard of. Just wreaks of constant slander.

  12. #12
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    i like the idea of a blacklist but at the end of the day everyone has the funders they like to work
    with and the funders they stay away from e.g. who demand minimum monthly fundings to get the better rate etc, or are just sleazy backdooring slime

  13. #13
    Senior Member Reputation points: 32977
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    I know because people that worked for par/fast advance/cbsg and still got stiffed on commissions.

    Par doesn't even pay other funders when they send them deals.

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