Results 1 to 6 of 6
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07-21-2021, 01:33 PM #1
- Join Date
- Feb 2021
- Posts
- 9
12-15 Point Commissions
let's talk for a few, so i can introduce who we are and what benefits we have compared to other lenders. So here it is :
1. We are the lender, we are not brokers who farm your deal out .
2. We hold proprietary info of your merchants sacred, if we do not fund it, we do not forward anywhere else,
3. We pay our ISO partners min 12 points for C & D paper , 13 points for B paper and 15 points for A paper .
4. We pay our ISO partners 48 hrs after funding,
5. We contact you directly for refi's never the merchant direct. Usually 70% paid in , sometimes 60% depending on merchants pay history.
6. Terms from 6-8 months. can go 10 months on some merchants.
That's it , we are aggressive in funding , we pre approve within 45 minutes of submission and can fund within the same day.
Attached are our guidelines and hope to hear from you soon.
frank@overnight-capital.com
Cell : 347-283-6819
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07-22-2021, 10:14 PM #2
- Join Date
- Jul 2021
- Location
- United States
- Posts
- 145
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07-22-2021, 10:18 PM #3
- Join Date
- Jul 2021
- Location
- United States
- Posts
- 145
" Provide 6 months of bank statements " - I can see 3 - but 6 would be a pain. Especially for the < $25K deals
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07-23-2021, 11:24 AM #4
- Join Date
- Feb 2021
- Posts
- 9
3 months statement needed. i think you read the terms by mistake.
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07-24-2021, 06:45 PM #5
- Join Date
- Jul 2021
- Location
- United States
- Posts
- 145
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12-29-2021, 04:49 PM #6
Hi Frank,
I would like to sign up with you guys according to the post - has anything changed?
1. We are the lender, we are not brokers who farm your deal out .
2. We hold proprietary info of your merchants sacred, if we do not fund it, we do not forward anywhere else,
3. We pay our ISO partners min 12 points for C & D paper , 13 points for B paper and 15 points for A paper .
4. We pay our ISO partners 48 hrs after funding,
5. We contact you directly for refi's never the merchant direct. Usually 70% paid in , sometimes 60% depending on merchants pay history.
6. Terms from 6-8 months. can go 10 months on some merchants.
That's it, we are aggressive in funding , we pre approve within 45 minutes of submission and can fund within the same day.
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