Square
Need a Funder or Vendor? START HERE

Results 1 to 8 of 8
  1. #1

    Square

    Can anyone compete with Square deals? They went out 18 months on a really good file at a very competitive rate. Who/if anyone would be able to compete?

  2. #2
    Veteran Reputation points: 158919 J.Celifarco's Avatar
    Join Date
    Oct 2012
    Location
    New York
    Posts
    2,505

    Quote Originally Posted by MCABRuno View Post
    Can anyone compete with Square deals? They went out 18 months on a really good file at a very competitive rate. Who/if anyone would be able to compete?
    kapitus can beat them on term but rate will be hard to compete with
    John Celifarco
    Managing Partner
    Horizon Funding Group

    3423 Ave S
    Brooklyn, NY 11234
    T: (347) 773-3990 | F: (718) 795-1990
    Linkedin: Profile
    Email: john@horizonfundinggroup.com

  3. #3
    Thank you

  4. #4
    Quote Originally Posted by MCABRuno View Post
    Can anyone compete with Square deals? They went out 18 months on a really good file at a very competitive rate. Who/if anyone would be able to compete?
    square as in the CC processor ?

  5. #5
    Senior Member Reputation points: 81657
    Join Date
    Mar 2014
    Location
    Florida
    Posts
    2,888

    Quote Originally Posted by MCABRuno View Post
    Can anyone compete with Square deals? They went out 18 months on a really good file at a very competitive rate. Who/if anyone would be able to compete?

    Credit Card Splits do not have a definitive date to repay - it is a % of their daily processing volume.
    The industry terminology is "Projected Turn"
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

  6. #6
    Senior Member Reputation points: 44858
    Join Date
    Apr 2019
    Posts
    318

    Quote Originally Posted by Yankeeman07 View Post
    Credit Card Splits do not have a definitive date to repay - it is a % of their daily processing volume.
    The industry terminology is "Projected Turn"
    was not the question asked.

  7. #7
    Senior Member Reputation points: 81657
    Join Date
    Mar 2014
    Location
    Florida
    Posts
    2,888

    Lightbulb Square MCA's

    Quote Originally Posted by fin4all View Post
    was not the question asked.


    "Can anyone compete with Square deals? They went out 18 months" was your post

    "because your daily sales vary, the amount you’ll repay on any given day will also vary. That’s why there’s no set term length. If sales are booming, you’ll repay it quickly. If they’re sluggish, it’ll take longer. If you haven’t paid off the loan within 18 months, any remaining balance will immediately be due in full."

    https://www.merchantmaverick.com/understanding-square-capital-loan-offer/
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

  8. #8
    Member Reputation points: 57
    Join Date
    Nov 2021
    Location
    Bergen County, NJ
    Posts
    19

    Give us a shot.

    TRUE BUSINESS FUNDING

    Direct: 646.699.1661 ext 102
    Scott@tbfgrp.com
    underwriting@tbfgrp.com
    tbfgrp.com

Similar Threads

  1. Square
    By funding pro in forum Merchant Cash Advance
    Replies: 4
    Last Post: 02-24-2017, 12:35 PM
  2. Square
    By mcg168 in forum Merchant Cash Advance
    Replies: 3
    Last Post: 04-28-2016, 02:29 PM
  3. Square
    By CannonCap in forum Merchant Cash Advance
    Replies: 5
    Last Post: 04-11-2015, 03:30 PM
  4. Square MCA
    By FUNd in forum Merchant Cash Advance
    Replies: 13
    Last Post: 11-17-2014, 09:11 AM
  5. Square
    By MCAVeteran in forum Payment Processing
    Replies: 1
    Last Post: 04-23-2014, 01:49 PM


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

Kalamata closes $500M securitization
Credibly secures third securitization
Lendica partners w/ EBizCharge


DIRECTORY