[ryan $]

I have a Merchant.

160k Is his highest Month CC Volume.
98k Lowest Month.
180kish a Month in Bank Volume, sometimes up to 200k.

Merchant has an Offer of $200k at a 1.23 - a 1.23!!!!!!!!!!
at a 12% Holdback of CC's

What LENDER is doing this!!!!! I dont know if hes getting lied to or what.

[mcaguru]

Why wont he tell you who. ? (PS: Shout out to my wife who packed me a lunch!!)...

[BROKER TIME]

Why wont he tell you who. ? (PS: Shout out to my wife who packed me a lunch!!)...

ps you suck!!!!!!!!!!!!!!!!!!

[mcaguru]

Do we need to slow down on funding to please you LOL

[ryan $]

Because he knows what a cuthroat **** i am.

He said he will tell me after it funds.

[BROKER TIME]

do we need to slow down on funding to please you lol

you need to answer

if mantis requires a coj to fund a deal of 10k+

[J.Celifarco]

I have a Merchant.

160k Is his highest Month CC Volume.
98k Lowest Month.
180kish a Month in Bank Volume, sometimes up to 200k.

Merchant has an Offer of $200k at a 1.23 - a 1.23!!!!!!!!!!
at a 12% Holdback of CC's

What LENDER is doing this!!!!! I dont know if hes getting lied to or what.

if its a clean file and the credit is strong that is only a 15 month program based on an average of 140k a month in cc sales. 15 month 1.23 is damn good but not unheard of if the file is strong and the iso is only putting in a couple of points

[ryan $]

Its not a 140k Average.
108 is AVerage over past 6 Months in CC Sales.

And it is only 12% Visa/MC.

[Steven_O]

A couple questions to narrow it down... 1) how long has he been in business? (if more than 10 years, it's BFS). 2) What are the closing/origination fees? (if none, it's Rapid Advance).

I think it's BFS... they go out 15 months, they offer a 1.15 buy program, and they are aggressive on CC split.

[mcaguru]

you need to answer

if mantis requires a coj to fund a deal of 10k+

ALL ARE ACTIVE ISO's KNOW THAT ANSWER --THEY CAN ANSWER YOU FASTER THEN A WELL CAFFEINATED GAME SHOW CONTESTANT HITS THE BUZZER!

[J.Celifarco]

Its not a 140k Average.
108 is AVerage over past 6 Months in CC Sales.

And it is only 12% Visa/MC.

that makes it an 18 month 1.23 again crazy unless it is paypal or swift or one of those companies offering crazy programs

[J.Celifarco]

A couple questions to narrow it down... 1) how long has he been in business? (if more than 10 years, it's BFS). 2) What are the closing/origination fees? (if none, it's Rapid Advance).

I think it's BFS... they go out 15 months, they offer a 1.15 buy program, and they are aggressive on CC split.

18 month but you are right BFS could be the one doing this

[JohnT.]

that makes it an 18 month 1.23 again crazy unless it is paypal or swift or one of those companies offering crazy programs

Way back in my ISO days, I funded a stripclub in NJ with Principis and they gave me a similar offer with a single digit HB%....they dont fund stripclubs any longer but it was by far the best CC split offer Ive ever seen. This was 2017.

[Showmethemoney]

Why wont he tell you who. ? (PS: Shout out to my wife who packed me a lunch!!)...

with all the money you make you need packed lunch

[BROKER TIME]

Way back in my ISO days, I funded a stripclub in NJ with Principis and they gave me a similar offer with a single digit HB%....they dont fund stripclubs any longer but it was by far the best CC split offer Ive ever seen. This was 2017.

get any comps for that strip club?

[ryan $]

A couple questions to narrow it down... 1) how long has he been in business? (if more than 10 years, it's BFS). 2) What are the closing/origination fees? (if none, it's Rapid Advance).

I think it's BFS... they go out 15 months, they offer a 1.15 buy program, and they are aggressive on CC split.

Not Rapid, when I funded him previously rapid killed the deal.
And I ended up funding a split with Quikstone. IT JUST MAKES NO SENSE.

And Industry is FURNITURE. An SIC that used to be on everyones HIGH RISK RESTRICTED list

[Lmonus]

I saw a deal doing 80k per month and ondeck funded for 195k...

[ryan $]

BFS, Mulligan.

Those are my guesses, or Paypal/Swift.

[ryan $]

I saw a deal doing 80k per month and ondeck funded for 195k...

OnDeck doesnt do splits tho - so its not them.

[WestCoastFunding]

Principis?

[J.Celifarco]

Principis?

term definitely but even they I dont think can get to an 18 month 1.23

[ryan $]

principis max's at 15? no?

[JohnT.]

get any comps for that strip club?

No comment....lol

[JohnT.]

principis max's at 15? no?

If you're pricing an ACH deal, we are talking CC splits so depends on that merchant's sales trends. The merchant I am mentioning was seasonal, summer was his busiest months and stipped the hell out of it. By my review it was like a 15-18 month deal looking at PB months, even the UW acknowledged it when I confirmed the offer.

[WestCoastFunding]

principis max's at 15? no?

Principis does 18 month ACH and CC deals. For CCs they can do 1.29 sell rate over 18. Can become a 1.23 if broker cuts points or underwriting cuts a break.