[J.Celifarco]

I am asking this question because with all the changes the industry has seen over the past year I honestly dont know what is normal now a days. I dont want to know what any particular company is funding per month I am just curious what people think an Average ISO funds per months.

I always thought average companies would fund 800k-1.2 million a month between new and renewal? Thoughts?

[cmarks]

You probably need to break it down by office size, or per person/closer.

[mcaguru]

Ill leave you all with a story... 2 men climb out of a chimney one mans face is dirty (from the ash) other ones face is clean (unknown to him his face avoided rubbing against chimney wall) which one goes to wash their face ? ... the answer is the clean one...he sees the other guys face and believes his face is dirty and the dirty face guy believes his is clean! --- My point is those that those that do large (or small) numbers somehow believe all other ISO's must be doing similar numbers and its just not the case (not even ballpark).

[Michael I]

I am asking this question because with all the changes the industry has seen over the past year I honestly dont know what is normal now a days. I dont want to know what any particular company is funding per month I am just curious what people think an Average ISO funds per months.

I always thought average companies would fund 800k-1.2 million a month between new and renewal? Thoughts?

size will play a huge role . just taking your example of 1 mil , figure average commission winds up being 8% .if there is 2 people that is beyond good,if they have 10 people that is beyond bad .
Another big factor is what they spend? if you are spending 6 figures a month on ad words you need to be funding 3-5 mil min to break even. while if all you doing is calling ucc you barely have expenses

[Michael I]

Ill leave you all with a story... 2 men climb out of a chimney one mans face is dirty (from the ash) other ones face is clean (unknown to him his face avoided rubbing against chimney wall) which one goes to wash their face ? ... the answer is the clean one...he sees the other guys face and believes his face is dirty and the dirty face guy believes his is clean! --- My point is those that those that do large (or small) numbers somehow believe all other ISO's must be doing similar numbers and its just not the case (not even ballpark).

there is 4 answers to that story lol .

[DTFdowntofund]

there is 4 answers to that story lol .

I couldn't make it past "I'll leave you with a story"

[J.Celifarco]

size will play a huge role . just taking your example of 1 mil , figure average commission winds up being 8% .if there is 2 people that is beyond good,if they have 10 people that is beyond bad .
Another big factor is what they spend? if you are spending 6 figures a month on ad words you need to be funding 3-5 mil min to break even. while if all you doing is calling ucc you barely have expenses

Seems there are too many factors to really say what average is

[InsiderInfo]

I think it's a split scope at this point also, seeing as the majority of shops are now funding their own paper too, in some capacity.. and outsourcing the rest.

[mcaguru]

Majority of Isos are not funding their own paper not even 10% of them have ever funded a deal.

[ryan $]

Majority of Isos are not funding their own paper not even 10% of them have ever funded a deal.

That figure doesnt seem right. With everyone offering syndication, its silly not to what to re-invest commissions.

[mcaguru]

I hear you i still stand by the 10%...would be interested to hear what others think.

[InsiderInfo]

I'd def agree that less than 10% of ISOs who deal with Mantis have the wits about them to invest their own capital into deals.

[mcaguru]

Just about all of America's Commercial Finance Brokers, Including many direct funders (with internal sales-team) submit their subprime to Mantis!

[MCN]

size will play a huge role . just taking your example of 1 mil , figure average commission winds up being 8% .if there is 2 people that is beyond good,if they have 10 people that is beyond bad .
Another big factor is what they spend? if you are spending 6 figures a month on ad words you need to be funding 3-5 mil min to break even. while if all you doing is calling ucc you barely have expenses

Best answer here. Even if you could get a figure of the average number, it doesnt matter. Each shop is unique

[Fund_It]

Ill leave you all with a story... 2 men climb out of a chimney one mans face is dirty (from the ash) other ones face is clean (unknown to him his face avoided rubbing against chimney wall) which one goes to wash their face ? ... the answer is the clean one...he sees the other guys face and believes his face is dirty and the dirty face guy believes his is clean! --- My point is those that those that do large (or small) numbers somehow believe all other ISO's must be doing similar numbers and its just not the case (not even ballpark).

This is gold lmao

[Don Dolla]

I paid off mantis with my own capital, took forever to get a payoff letter

Poor customer service

[mcaguru]

That's simply not the fact.... We just need (ONLY) merchant to call in.