Results 1 to 11 of 11
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09-03-2020, 01:11 PM #1
- Join Date
- Jan 2020
- Location
- New York
- Posts
- 16
Best ISOs to work with that are still open?
Looking to sign on a new group of ISO partners for September to start funding some more deals since it seems like so many in this space have closed their doors still unfortunately. I fund B-D paper 2nd-6th positions with no industry restrictions and anyone that has worked with me can attest to my responsiveness, transparency, and aggressive approvals. please reach out for more info if you are looking to add a new funder to your list!
nicholas@lifetimefundingllc.com
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09-03-2020, 02:41 PM #2
- Join Date
- Dec 2015
- Location
- Los Angeles, CA
- Posts
- 121
Seeing as your last post was deleted (identical to this) I'll respond to the comment you left me on this second one.
There is no issue with you trying to get your name out there and develop some funding partnerships, but I would disclose that you're brokering the deals and not say "I fund B-D paper 2nd - 6th position" unless you are actually the one cutting the advance.
This is a great platform like you mentioned, just keep in mind most people on here are either direct lenders or ISO shops that work with the top lenders (direct) that are even advertised on this platform and have good relationships with them. If you manage to do business with one of these shops and you send their deal to a lender they work with and try to scrape points off the top they are not going to be too happy.
Find a client / industry niche, build a good portfolio with a few solid lenders to get better relationships, syndicate some funds, and try to help some of the smaller guys come up that don't have access to the lender that you have.
In addition make sure that the deal fee split is fair when brokering too, pay your ISO's 70% of the deal fees.
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09-03-2020, 03:20 PM #3
- Join Date
- Jan 2020
- Location
- New York
- Posts
- 16
appreciate the comment. I figured I would have more feedback posting in the MCA thread. I say B-D paper and 2-6th positions because these are the range of papers I have previously funded (directly) if it makes sense to do so. To be a bit more specific, I specialize in B and C paper deals and prefer to stay within 2-4 positions. Not looking to claim to be something I am not, doesn't make sense to do so since this is an industry where everyone knows each other. My company is in fact a Direct Funder, I syndicate 2-10% on all deals I fund to further put my money where my mouth is and pay 10-11 points to my ISOs.
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09-04-2020, 01:20 AM #4
- Join Date
- Jul 2018
- Posts
- 59
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09-04-2020, 10:24 AM #5
- Join Date
- Jan 2020
- Location
- New York
- Posts
- 16
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09-06-2020, 12:08 AM #6
- Join Date
- Mar 2019
- Posts
- 254
Sounds interesting.....
EPIC ADVANCE
Mark@epic-advance.com
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09-06-2020, 08:48 PM #7
- Join Date
- Jun 2017
- Posts
- 2,049
Lifetime - had to battle my inside rep at fundry tbe like tf is this.
You guys are Fundri, They werent at the time.
But were given better Fundry deals on fundry paper as a broker - than my rep wold get me.
It all a plug system at YS.I picture any deal can get done if certain guys are on the deal.
U get a bad rep at YS its akmosy useless sending them files.
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09-07-2020, 04:07 PM #8
- Join Date
- Nov 2016
- Posts
- 44
I think it’s a white label through someone else. Does YS still have white labels? I thought they did away with that and just have the “approved vendors” that deal with the in house funders.
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09-08-2020, 10:32 AM #9
- Join Date
- Sep 2020
- Posts
- 14
i worked with lifetime for about a year
they are great lenders to work with and very lenient when it comes to approvals
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09-08-2020, 11:42 AM #10
- Join Date
- Feb 2017
- Posts
- 3,456
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09-08-2020, 12:06 PM #11
- Join Date
- Jan 2020
- Location
- New York
- Posts
- 16
So what im understanding from this is you're claiming us to be YS but also saying we give better approvals than them? Correct me if im wrong.
Anything I say about my company will be perceived as biased but regardless we are in fact direct, we put out some great offers, keep our merchants on track and happy and take care of our ISOs very well. Again, no need for me to pretend to be something im not.
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