Results 1 to 4 of 4
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06-09-2021, 03:07 PM #1
- Join Date
- Jan 2019
- Posts
- 19
Specialty capital
Any one work with these guys or know anything about them? They claim they pay 20% commission.
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06-09-2021, 03:24 PM #2
- Join Date
- Feb 2019
- Posts
- 96
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06-09-2021, 03:28 PM #3
- Join Date
- Feb 2019
- Location
- FL
- Posts
- 87
I'd be very worried when a funder offers that much!
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06-09-2021, 04:46 PM #4
I spoke to Mike a few times. Very nice guy. Small lender. Only a handful of people. They say only 3% fees to Merchant.
1.20-1.29 Buy-rates
Up to 16% commission with 4 POINT monthly bonus structure.
Up to 10 months on a second position (funding 1st-3rd)
Up to 8 months on a third position
Origination fees are flat at 3% (no other hidden fees)
All underwriting done BEFORE sending out contracts, NOT after
Prepayment addendum (10-15% off sell rate) included in every contract
Consolidate up to $50K (merchant must net 50%)
Automatic Declines:
Monthly Revenue Under $20,000 Per Month (Trucking min $50K)
More Than 6 NSF's in 3 months
Default Merchant
Low/Negative Daily Balances (under $1K)
ALL California Businesses
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