Results 1 to 25 of 35
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11-24-2014, 03:01 PM #1
- Join Date
- Nov 2014
- Posts
- 97
Need a New Funding Source for ISO with fundings over 1.0M x month
Guys this is my first post but I have been reading for a bit the forum , Its always nice to see that people share and help each other.
Well I have a big question here ? We are an ISO that funds over $1.0M x Month and we are looking for a new Partner that can help us get to the $5.0M X Month goal that we have for next year. We need fast approvals (4Hr turn around time ) we need High Loan Amounts $300K and we want to have an honest upfront communication with our Account Manager. We take a lot of pride and effort on our Merchants so its very important for us to make the funding process as transparent and easy as possible.
If anyone can advice the best funding resources we will appreciate it.
We current Work with : On-Deck , Swift , CAN on our Tier 1 funders.
Thanks for the helpLast edited by microboby; 11-24-2014 at 03:04 PM.
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11-24-2014, 03:26 PM #2
Max Advance is a direct lender with industry leading commission payouts. Recently revised underwriting guidelines allow for more aggressive funding! Our seamless underwriting process funds your deals with ease. Looks like we can be a perfect match to fill the void. Give us a call and we can get you set up. We give all our ISOs VIP Treatment
Last edited by admin; 06-02-2015 at 03:01 PM.
Christina Rossi
Business Development
Account Executive
Tel: 866-629-4464 ext 229
Fax: 917-368-6943
Crossi@maxadvance.com
www.maxadvance.com
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11-24-2014, 03:31 PM #3
- Join Date
- Dec 2013
- Posts
- 4,713
Cresthill Capital Sign-up below LINK:
http://cresthillcapital.com/index.html#iso
we compensate commissions on the payback so our commissions are 38-45% higher then many other companies.
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11-24-2014, 03:34 PM #4
Yellowstone can assist here
800-955-2411
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11-24-2014, 03:36 PM #5
- Join Date
- Dec 2013
- Location
- Connecticut
- Posts
- 332
You're with the top players already, what aspect is missing from those guys? I don't think you can get much quicker than ODC and CAN.
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11-24-2014, 03:56 PM #6
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- Jul 2013
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- 352
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11-24-2014, 04:07 PM #7
- Join Date
- Nov 2014
- Posts
- 97
Let me explain On- Deck has very strict guidelines and they wont go outside their box ( They don't need too. I guess) So they are limited to certain SIC codes . Also their Max Loan Amount is $200K , they have a $250K product but they don't even like to offer it. I would use them for every single deal but they only fit like 30% of my business
CAN is limited to $150K Loan and we have not had the best results with them , our rep was far from stellar.
Our Average Loan amount is $100K so we really need serious players that approve fast and fund
We have 6 account executives , Its a very good team
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11-24-2014, 04:31 PM #8
- Join Date
- Oct 2014
- Posts
- 260
Six Figure loans, try Kalamata capital. They have aggressive buy rates.
Second place? Set of steak knives.
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11-24-2014, 05:13 PM #9
Email me Allen@mcamerchant.com
Eagle Funding Group
Phone: (646) 793-6809
Email: info@eaglefundinggroup.net
Web: www.eaglefundinggroup.net
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11-24-2014, 06:51 PM #10
- Join Date
- Nov 2014
- Posts
- 97
Guys Thanks for the PM's and reply's , I want to empathize that we are lookig for a partner / lender that has the ability to close larger deals , has fast approvals and we get industry standard commissions ( lets say same as On-Deck Tier 1 partner)
Has anyone worked with BOFI directly? Do they take ISO's
Thanks
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11-24-2014, 07:04 PM #11
- Join Date
- Jul 2014
- Location
- New York, NY
- Posts
- 11
Rapid Capital Funding can help you out here. Very competitive factors and we can go up to $300K. PM me.
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11-24-2014, 07:07 PM #12
World Business Lenders will fund big deals with collateral. 212 220 6018. Make up to 12 points. Mstucchio@WBL.com
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11-24-2014, 07:25 PM #13
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- Nov 2014
- Posts
- 97
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11-25-2014, 12:02 AM #14
- Join Date
- Aug 2013
- Location
- Pittsburgh
- Posts
- 20
Microboby try Lendini
Try Lendini they are funding aggressive 1st and 2nd positions
Last edited by vmccapital.com; 11-25-2014 at 12:06 AM.
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11-25-2014, 02:28 PM #15
- Join Date
- Nov 2014
- Posts
- 2
My name is Brandon Seger and I work with GoAccredited. My application approval time is just about always under four hours. My personal line is (636) 627-9498 and
I would love to help you get this deal funded! Give me a call as soon as possible so we can get this ball rolling! Thank You.
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11-25-2014, 04:08 PM #16
- Join Date
- Sep 2014
- Posts
- 720
Bfs
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11-26-2014, 12:56 PM #17
- Join Date
- Jun 2014
- Posts
- 59
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11-26-2014, 05:08 PM #18
- Join Date
- Nov 2014
- Posts
- 97
Thanks Guys for the Info , I believe we found a Strong Partner that can fit our needs .
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11-26-2014, 08:59 PM #19
We Currently work with ISO's that Fund 1mm+ on our platform. These deals are a mixed-bag, to which we answer by going out to any position necessary to assume the sale, with references upon your request.
Our commission is best measured by our throughput and not by its percentage.
Let's setup a Face-to-Face to discuss the details,
My best,
JosephJoe EsparzaFUNDKITE"FinTech High-Risk Funding Table"joseph.e@fundkite.com | 929.999.2700x1008
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11-28-2014, 08:58 AM #20
- Join Date
- Jun 2013
- Posts
- 351
If you are looking for something comparable to CAN and ODC's program but with a larger advance amount you are probably looking to work with MCC and/or BFS. BFS goes really big but you need a tax return just to get an offer. MCC will give approvals up to $300k, but will later require a tax return. Both really good companies. They aren't quite as automated, but probably the closest thing you are looking for as compared to the others.
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12-01-2014, 02:45 PM #21
Might want to look at BFS... we do very large deals with them routinely
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12-01-2014, 03:43 PM #22
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12-01-2014, 04:41 PM #23
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- Jul 2013
- Posts
- 352
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12-01-2014, 04:52 PM #24
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12-01-2014, 05:06 PM #25
- Join Date
- Apr 2013
- Location
- NY
- Posts
- 203
They will go out to 18 months. But UW criteria is very strict, closer to a bank than MCA, they actually base the approval off of EBITA not gross revenue , so they have declined some of our otherwise super clean files (700+credit, 20k average daily balances, many years in business, but EBITA was not high enough) . But rates are good, and they will fund up to 750k
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