What is the lowest factor rate you have seen?
Need a Funder or Vendor? START HERE

Results 1 to 20 of 20

Hybrid View

  1. #1
    Senior Member Reputation points: 3217 CO1's Avatar
    Join Date
    Apr 2013
    Location
    New York
    Posts
    644

    I have tryed that as well. I dont know what to do anymore. I have been going back and fowarth with this guy for 1 month now.

  2. #2
    Senior Member Reputation points: 99426
    Join Date
    Sep 2012
    Location
    New York, NY
    Posts
    1,780

    Quote Originally Posted by CO1 View Post
    I have tryed that as well. I dont know what to do anymore. I have been going back and fowarth with this guy for 1 month now.
    Depends on what factor you're selling. If NL's program was 1.20 and you're trying to sell a 1.40, then he'll be reluctant to sign. Are you prepared to cut commission?

  3. #3
    Senior Member Reputation points: 148 Capital Stack's Avatar
    Join Date
    Jul 2012
    Location
    Wall ST.
    Posts
    268

    Quote Originally Posted by MCNetwork View Post
    Depends on what factor you're selling. If NL's program was 1.20 and you're trying to sell a 1.40, then he'll be reluctant to sign. Are you prepared to cut commission?

    Good question MCNetwork. Today a lot of funders have adopted buy rate programs, where they set portfolio targets and turns. in some cases with cap markups and others no ceilings.

    Hence CO1, if a merchant is qualify for a 1.20 you probably shouldnt be selling a 1.40.

  4. #4
    Senior Member Reputation points: 3217 CO1's Avatar
    Join Date
    Apr 2013
    Location
    New York
    Posts
    644

    These are the offers I got and I didnt upsell or anything I was just planning on taking my commission and ach out something but depending on what he takes.



Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

First Am. Bank excited by SBA WCP
OppFi acquires equity in Bitty
eCapital welcomes new CFO


DIRECTORY