Specialty capital
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  1. #1

    Specialty capital

    Any one work with these guys or know anything about them? They claim they pay 20% commission.

  2. #2
    Quote Originally Posted by FUNDITNOW View Post
    Any one work with these guys or know anything about them? They claim they pay 20% commission.
    Only funder that paid 20 was national, I am 99.999% sure specialty wont pay 20 or even 15 without charging a crazy rate and ofee

  3. #3
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    I'd be very worried when a funder offers that much!

  4. #4
    Senior Member Reputation points: 3418 kevin85k's Avatar
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    Sep 2017
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    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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