Seasoned MCA veterans - what Funders do you recommend?
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  1. #1
    Senior Member Reputation points: 1223
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    Quote Originally Posted by fundingsmbs View Post
    broker through broker model doesn't work very well. you are going to want to control the sale, the relationship with customer, and, as you add product services, earn ancillary revenue from those customer's. If you hand off a deal to an ISO or Broker, you earn less, and, dilute your relationship with customer. Stay direct as much as possible and with direct funders as much as possible.
    You have some direct Funders that you would recommend to someone that is starting out?
    " The world has always gone forward when people have dared to have crazy ideas . . . "

  2. #2
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    Quote Originally Posted by cruisinman View Post
    You have some direct Funders that you would recommend to someone that is starting out?
    This isnt true at all.

    When your just starting out it most certainly is beneficial to work with a Large Trusted Broker Shop. For Instance.... this guys (Already have Fresh, Credibly) Comments, tells me he has no idea how to screen, place deals properly. Most ISO's have 50+ Funders, and relationships. I won't mention who, But recently an ISO Sent me a file and we Funded it at "Funder A" - The ISO sent it to Funder A and it was declined.

    When your just starting out there 100% is benefit to sending files into a well established ISO, to properly place files and leverage their relationships.

    Not to mention, more and more Ive been getting offers contingent that we Syndicate. So if a shop isnt syndicating, there goes that offer.

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