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06-25-2020, 11:50 PM #12
- Join Date
- Jul 2019
- Posts
- 48
We are funding. Here is what wee have changed post Covid. We were a 2nd through 4th position lender, now we are doing 1st through 3rds (some 4ths if they look really good). Trucking now has to have a min of 6 trucks (pre-covid we had no minimum) Deals previously paid up to 15 pts plus 3 pt bonus structure paying up to 18 cumulative, now we are paying up to 12 with monthly bonus structures in place depending on volume. We do daily, weekly, bi-weekly on preferred deals and cc splits. Max funding pre-covid was 150k and now we hover around 125k max. No restricted states. Restricted industries are used auto and adult night clubs. As things get better, we will begin loosening the reins again. If anyone is interested in forming a relationship, my info is below and feel free to call or just email as my email is below as well. We pay commissions next day and we are quick with underwriting/funding. No soft offers, hard underwriting is done upfront.
Respectfully,
Greg B.
Senior Business Development Manager
845-494-4898
isosupport@byzfunder.com
www.byzfunder.com
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