[LondonNyc]

Who are the top clean 2nd /3rd pos funders you use?

[Lmonus]

Myself (CFG) Fora, Expansion, Quickbridge, Lendini, EBF (NOT VADER) BFS, Fundworks etc - Im sure there are a couple more.

This is all my opinion based on the terms i see in bank statements i go through before we price submissions. The guys above are "Good competition" in my eyes.

[WestCoastFunding]

I received 2nd position from Principis that are insane lately. Aside from them I like IOU, QS, 1st merchant and knight.

[Lmonus]

I received a 2nd position from Principis that are insane lately. Aside from them I like IOU, QS, 1st merchant and knight.

Principis is so hard to compete with now days - Their terms are crazy. I forgot about Knight, QS and IOU - they are also good players in the space and are best for the solid 2nd positions. My above post was more for the 3rd position fundings with fair terms.

[riveradvancematt]

River Advance is aggressive on these files. Buy rates as low as 1.28, terms up to 8 months, funding up to 500k, weekly payments, not a lot of stips, fast funding, etc....


River Advance ISO Manager
88 Pine Street 5th floor
New York, NY 10005
Matthew@RiverAdvance.com
Office: 732-385-8900 Ext 104

[J.Celifarco]

I received 2nd position from Principis that are insane lately. Aside from them I like IOU, QS, 1st merchant and knight.

Since when is Principis doing seconds? That is news to me

[WestCoastFunding]

Since when is Principis doing seconds? That is news to me

I guess about 4-5 months. They have a new in-house funder, so it’s a different pool of money.

[mcaguru]

I believe our partners are signed up with many of those names.......... but as soon as they see a speck of dust with the merchant THEY DO A SUB-TO-FUND-IN-HOURS @ MANTIS !!

[BROKER TIME]

I believe our partners are signed up with many of those names.......... but as soon as they see a speck of dust with the merchant THEY DO A SUB-TO-FUND-IN-HOURS @ MANTIS !!

is mantis signed up with all the above mentioned lenders?

[DannyFoxCap]

is mantis signed up with all the above mentioned lenders?

Can this post not turn into another Mantis thread? Send your 2nd and 3rds to Fox.

[WestCoastFunding]

is mantis signed up with all the above mentioned lenders?

They are signed up with EBF and Fundworks.

[Lmonus]

I believe our partners are signed up with many of those names.......... but as soon as they see a speck of dust with the merchant THEY DO A SUB-TO-FUND-IN-HOURS @ MANTIS !!

Saw you fund a 15k deal, netting the merchant about $14,600 then charge another $550 as a cresthill PSF....Nice

[mcaguru]

is mantis signed up with all the above mentioned lenders?

nope.

[mcaguru]

They are signed up with EBF and Fundworks.

we currently do not send deals to any of them or any other outside funders. we have capital to fund internally.

[WestCoastFunding]

we currently do not send deals to any of them or any other outside funders. we have all the capital to fund internally.

So are you saying Cresthill only sends deals to Mantis? What’s the purpose of Cresthill then?

[mcaguru]

Saw you fund a 15k deal, netting the merchant about $14,600 then charge another $550 as a cresthill PSF....Nice

Im sure your seeing us in more deals than ever --- its NON-STOP here at Mantis ! ..

[Lmonus]

Im sure your seeing us in more deals than ever --- its NON-STOP here at Mantis ! ..

I am seeing you in deals lately, i just still don't understand the purpose of you charging a PSF on top of your funding fees if mantis and cresthill are one of the same. Seems like cresthill is a broker that sends deals to Mantis - i could be wrong but thats how it looks.

Imagine how much more Mantis would fund if there wasn't that extra fee that needed to be sold. Funding fees, PSF and then a broker PSF - Poor merchants...

[NoBigDeal]

I believe our partners are signed up with many of those names.......... but as soon as they see a speck of dust with the merchant THEY DO A SUB-TO-FUND-IN-HOURS @ MANTIS !!

what the EVEN hell does this mean?! stop trying to make something a catch phrase as if it remotely sounds good.
Side point, saw Mantis fund a $10k deal. Merchant netted $9,500, followed by a $500 PSF from Cresthill...FOLLOWED by a $1,000 PSF from the broker who closed the deal. Maybe you should change the slogan to 'Mantis- You'll get your PSF in hours'

[mcaguru]

are you saying your brokers are not charging fees ? that your facilitating a funding on behalf of ?

[mcaguru]

what the EVEN hell does this mean?! stop trying to make something a catch phrase as if it remotely sounds good.
Side point, saw Mantis fund a $10k deal. Merchant netted $9,500, followed by a $500 PSF from Cresthill...FOLLOWED by a $1,000 PSF from the broker who closed the deal. Maybe you should change the slogan to 'Mantis- You'll get your PSF in hours'

hhhm you should get a job on Madison av! your not bad!!!

[mcaguru]

Talking about fees i just leased a 2nd car (as a consumer!!!)... --- Holy Moly !

[Lmonus]

are you saying your brokers are not charging fees ? that your facilitating a funding on behalf of ?

IF your talking about brokers as in ISO's im sure the majority are charging fees - If your talking about the ISO Reps here at CFG Charging PSF's your out of your damn mind. Why the hell would myself or any iso rep here charge a PSF? Thats an extra fee that needs to be sold and makes the deal harder to get back. We are well compensated here for working literally day and night every single day including weekends, we dont need to charge any extra PSF Marcus.

[RickyR3712]

are you saying your brokers are not charging fees ? that your facilitating a funding on behalf of ?

You are the only company in this iundustry that has their reps charge a psf under a diffirent company name.Mantis/ cresthill slogan is not double digit commission rather it is double digit fees.

[mcaguru]

IF your talking about brokers as in ISO's im sure the majority are charging fees - If your talking about the ISO Reps here at CFG Charging PSF's your out of your damn mind. Why the hell would myself or any iso rep here charge a PSF? Thats an extra fee that needs to be sold and makes the deal harder to get back. We are well compensated here for working literally day and night every single day including weekends, we dont need to charge any extra PSF Marcus.

I hear your model!... ill look out for you on the next Thread! 7 days a week is tough dont know how you do it !

[Lmonus]

Marcus - a piece of advice if you want it...

Be true, Speak from the heart. Stop with this slogan nonsense, Stop with the Double Digit Commission, Micro / Nano blah blah. Be Genuine, Upfront and don't beat around the bush. Brokers want to connect and share a common ground with the funders they work with on a day to day basis. You need to make the road to a deal closed as easy as humanly possible. Let your product speak for itself, not your slogans.

You and the firm you claim to represent are capable of so much more.