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  1. #1

    FUNDRITE Is Back Funding

    We are excited to announce we are back up and funding! As Reverse Consolidations are our specialty, we are re-launching our MCA program

    Here are our updated program guidelines for Reverse Consolidation & MCA’s:

    Reverse Consolidation Guidelines:
    -150 Days Max Term, this will be determined on a case by case basis, taking into account industry, risk factors, etc.
    -Commission Structure is located in our ISO packet on page 13
    -We are now offering a LOC side by side the Reverse Consolidation. Please keep in mind this is only if the merchant qualifies
    LOC Terms:
    -1.30 Factor Rate
    -Paying 5 points
    -Max funding $15,000

    MCA Guidelines:
    -$35,000 Max Funding Amount
    -2nd-5th Positions Only
    -120 Days Max Term


    Please send all deals to submissions@fundrite.com with the last 6 months bank statements, Month to Date on ALL Deals and a signed & dated application within the last 30 days.

    If you have any questions please feel free to reach out, my contact information is IsoRelations@Fundrite.com. We look forward to doing business with you!
    Last edited by FUNDRITE; 09-04-2020 at 10:35 AM.

  2. #2
    Senior Member Reputation points: 27980
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    Aug 2017
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    Your max for a reverse is $15k or is that a typo?

  3. #3
    No that is in reference to the LOC

  4. #4
    Senior Member Reputation points: 198007
    Join Date
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    Posts
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    who?

  5. #5
    Quote Originally Posted by FUNDRITE View Post
    We are excited to announce we are back up and funding! As Reverse Consolidations are our specialty, we are re-launching our MCA program

    Here are our updated program guidelines for Reverse Consolidation & MCA’s:

    Reverse Consolidation Guidelines:
    -150 Days Max Term, this will be determined on a case by case basis, taking into account industry, risk factors, etc.
    -Commission Structure is located in our ISO packet on page 13
    -We are now offering a LOC side by side the Reverse Consolidation. Please keep in mind this is only if the merchant qualifies
    LOC Terms:
    -1.30 Factor Rate
    -Paying 5 points
    -Max funding $15,000

    MCA Guidelines:
    -$35,000 Max Funding Amount
    -2nd-5th Positions Only
    -120 Days Max Term


    Please send all deals to submissions@fundrite.com with the last 6 months bank statements, Month to Date on ALL Deals and a signed & dated application within the last 30 days.

    If you have any questions please feel free to reach out, my contact information is IsoRelations@Fundrite.com. We look forward to doing business with you!
    I don't think I have heard about Fundrite yet. Another new one.

  6. #6
    Senior Member Reputation points: 44858
    Join Date
    Apr 2019
    Posts
    319

    Quote Originally Posted by Nunya View Post
    who?
    who x2 ?

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