Results 1 to 13 of 13
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05-20-2019, 01:01 PM #1
- Join Date
- Nov 2014
- Posts
- 97
Consolidation Deals
Who is the Best MCA Consolidation company ?
Not really another 60 , 80 , 120 funder . Someone that actually consolidates
Thanks
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05-20-2019, 01:34 PM #2
- Join Date
- Jul 2015
- Location
- Tampa Florida
- Posts
- 502
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
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05-20-2019, 01:37 PM #3
- Join Date
- Nov 2014
- Posts
- 97
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
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05-21-2019, 09:14 AM #4
- Join Date
- Jul 2018
- Location
- Brooklyn
- Posts
- 21
Par funding is by far the top consolidator in the industry
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05-21-2019, 09:52 AM #5
- Join Date
- Dec 2018
- Posts
- 132
We do reverses, organized professional
Jayson@mradvancellc.com
8 points in reversesLast edited by Jayson Yunason; 05-21-2019 at 09:53 AM. Reason: Typo
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05-21-2019, 01:03 PM #6
- Join Date
- Aug 2018
- Posts
- 6
If Par Funding only payed commission they'd be great to work with.
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05-21-2019, 01:20 PM #7
- Join Date
- Jun 2017
- Posts
- 2,049
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05-21-2019, 01:48 PM #8
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05-21-2019, 02:12 PM #9
- Join Date
- Jun 2017
- Posts
- 2,049
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05-23-2019, 01:23 PM #10
- Join Date
- Nov 2014
- Posts
- 97
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...
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05-23-2019, 01:49 PM #11
- Join Date
- Feb 2017
- Posts
- 3,455
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.
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05-23-2019, 03:39 PM #12
- Join Date
- Dec 2016
- Posts
- 49
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
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05-28-2019, 10:38 AM #13
- Join Date
- Dec 2017
- Posts
- 238
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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