Need a Funder or Vendor? START HERE

Results 1 to 5 of 5
  1. #1

    Idea financial do they pay out?

    How many points does Idea Financial pay and is their process for approval simple.?

  2. #2
    Senior Member Reputation points: 81655
    Join Date
    Mar 2014
    Location
    Florida
    Posts
    2,854

    Quote Originally Posted by wallerbusiness View Post
    How many points does Idea Financial pay and is their process for approval simple.?
    I think it would be prudent to read their ISO Agreement to learn how many points they pay or maybe even pick up the phone and speak with
    their ISO Manager. Make your own determination if their process for approval is "simple" That is in the eyes of the beholder.
    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

  3. #3
    Senior Member Reputation points: 31251
    Join Date
    Jul 2015
    Posts
    209

    Idea is by far the most difficult "loc" partner to work with in my opinion. The process is harder to get done then a MCA and they pay basically nothing. On top of that their rates are terrible. Send your client to Bluevine or Headway or risk losing the client.

  4. #4
    Senior Member Reputation points: 14389
    Join Date
    May 2014
    Location
    California
    Posts
    336

    Quote Originally Posted by oxforddan View Post
    idea is by far the most difficult "loc" partner to work with in my opinion. The process is harder to get done then a mca and they pay basically nothing. On top of that their rates are terrible. Send your client to bluevine or headway or risk losing the client.
    spot on!

  5. #5
    We’d be happy to try and help with any loc requests.

    Offering:
    Unsecured bank lines.

    What the borrower can get:
    4-7% APR
    10-15% of gross annual sales becomes available as the line amount
    Revolving line
    Interest only payments
    Up to 250k per line

    What the iso / referral partner can get:
    Up to 5pts per line based off the line amount availability.

    There’s obviously more details about the program and earnings / compensation. Please reach out to discuss and learn more.

    Greg Derwin
    Financial Lynx
    347 430 8294
    https://www.financiallynx.com/

Similar Threads

  1. Syndication idea . . .
    By cruisinman in forum Merchant Cash Advance
    Replies: 68
    Last Post: 08-11-2021, 06:20 PM
  2. Any idea who can possibly consolidate this merchant?
    By BP4130 in forum Merchant Cash Advance
    Replies: 6
    Last Post: 03-03-2020, 02:01 PM
  3. Idea Financial
    By FCG in forum Merchant Cash Advance
    Replies: 1
    Last Post: 02-04-2020, 12:25 PM
  4. Business Financial Services / Entrust / GRP - Any Idea's????
    By mcashark in forum Merchant Cash Advance
    Replies: 9
    Last Post: 06-16-2016, 01:14 PM
  5. Any idea who SBTL is?
    By jfeinberg in forum Merchant Cash Advance
    Replies: 4
    Last Post: 04-02-2015, 04:55 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

SubcontractorHub, Lendica partner
BoA launches business loan marketplace
Quickbooks adds new LOC product


DIRECTORY