[SmartAdvanced]

You’re not only charging a 42% rate for unreal insanely expensive money, you even have the chutzpah and the audacity to charge a 3% fee?

And because some companies charge more in fees, you somehow justify the 3%?

So you mean to tell me that on $100k in funding, you charge a whopping 42% on top, and the client doesn’t even get $100k? He only gets $97k?

Do you even know how insane your rates are!?

The bottom line after fees is 49% cash on cash

So basically you’re taking 49% on the net?????

49% ??????

What kind of mafia shark deal is this????

Who the hell charges 49% ???

And for 7 months? With daily payments?

How are you not ashamed of yourself????

[Michael I]

You’re not only charging a 42% rate for unreal insanely expensive money, you even have the chutzpah and the audacity to charge a 3% fee?

And because some companies charge more in fees, you somehow justify the 3%?

So you mean to tell me that on $100k in funding, you charge a whopping 42% on top, and the client doesn’t even get $100k? He only gets $97k?

Do you even know how insane your rates are!?

The bottom line after fees is 49% cash on cash

So basically you’re taking 49% on the net?????

49% ??????

What kind of mafia shark deal is this????

Who the hell charges 49% ???

And for 7 months? With daily payments?

How are you not ashamed of yourself????

fees are the way to screw the syndication/investors not the merchant. If it was to screw the merchant just charge 1.45 instead of 1.42 the fee goes straight to the funder and cuts out investors. You will see companies that use their own money will be fine with charging zero fees and adding to the payback

[GoodCustomerService]

My fees came out from the first payments collected on almost all my deals. Ask around.

[FlexibleCapitalSolutions]

You’re not only charging a 42% rate for unreal insanely expensive money, you even have the chutzpah and the audacity to charge a 3% fee?

And because some companies charge more in fees, you somehow justify the 3%?

So you mean to tell me that on $100k in funding, you charge a whopping 42% on top, and the client doesn’t even get $100k? He only gets $97k?

Do you even know how insane your rates are!?

The bottom line after fees is 49% cash on cash

So basically you’re taking 49% on the net?????

49% ??????

What kind of mafia shark deal is this????

Who the hell charges 49% ???

And for 7 months? With daily payments?

How are you not ashamed of yourself????

I have a couple of issues with this, on one end, this guy may be a hypocrite.

On the other end, you're speaking about APR, theres no such thing if the contract has a reconciliation clause.

Also, its easy to judge what someone does from the sidelines, default rates are very high in high risk funding models, the factor rates must reflect the risk or there will be no capital available for anyone that doesn't have a perfect situation (ie Credit rating, revenue etc.)

My only issue with this is that you have a podcast speaking ill of people that do exactly what you do. Instead of explaining why theres a place for it in the market and how it works.