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  1. #1
    Senior Member Reputation points: 97075
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    Quote Originally Posted by Gables Capital Group View Post
    Oh no man I had no idea funders paid out like that? Thanks SO much for that sage adviace. I've only been in cash advance for 4 years and funded 20m+ last year so I really don't know muc h about the biz I guess. I do know I got paid and thats all I care about.
    $20M last year? now thats a lot of money

  2. #2
    Quote Originally Posted by SmartAdvanced View Post
    $20M last year? now thats a lot of money
    It's an Avg of just over 1.6M per month in funded deals. It ain't that crazy but it's what my firm did as a 5 man shop.

  3. #3
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    Quote Originally Posted by Gables Capital Group View Post
    It's an Avg of just over 1.6M per month in funded deals. It ain't that crazy but it's what my firm did as a 5 man shop.
    20M+ last year with a five man shop even at an average of 8pts per advance is actually very doable for each rep to generate 320K in commish each and still doable even if it was still 10pts average and each making 400K. I know first hand and it can even be larger. Many companies cant achieve this type of numbers because they are not efficient enough.

  4. #4
    Quote Originally Posted by WCC_NYC View Post
    20M+ last year with a five man shop even at an average of 8pts per advance is actually very doable for each rep to generate 320K in commish each and still doable even if it was still 10pts average and each making 400K. I know first hand and it can even be larger. Many companies cant achieve this type of numbers because they are not efficient enough.
    We avg'd 13pts according to Sales Force it's a good business I certainly am glad I found it.

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