[TheMattTasticVoyage]

dont disagree with what ur saying at all. but there are alot of good funders (A-C) who are not on that list. IMO there should be a few more on that list for starters.

like Credibly, Mulligan, CFG, Mantis, Newco, EBF, ondeck, Kapitus, delta bridge, bitty.

not saying that these have to be your go to. but I think it is always good to have a large arsenal of funders and then work from there to see who works best for you. and then you can always add in some of the smaller boutique funders as well (where you get better service and creative on deals)

How do you go about sending deals , would you send to all at once ( thats what we do , helps to have mutiple offers for merchant to pick , its not do you want this deal yes or no , its what deal do you want) or do you send one at a time down a prioritized list ?

[MerchnatFundingSource]

How do you go about sending deals , would you send to all at once ( thats what we do , helps to have mutiple offers for merchant to pick , its not do you want this deal yes or no , its what deal do you want) or do you send one at a time down a prioritized list ?

first, you have to look in the deal and see who is in there and who the file might work for.
once I do that, I send to 3-4 funders, if they dont bite or give the offer im looking for, I move down teh list.

sometimes you can work offers into better ones. othertimes if I have history on the deal, I call us funders im close with and discuss what I need

[TheMattTasticVoyage]

first, you have to look in the deal and see who is in there and who the file might work for.
once I do that, I send to 3-4 funders, if they dont bite or give the offer im looking for, I move down teh list.

sometimes you can work offers into better ones. othertimes if I have history on the deal, I call us funders im close with and discuss what I need

That was the original plan but sadly our complex configuration of salesforce to ensure a speedy merchant to lender matching system is taking a while and so we are sending out to all lenders , with the exception of amerifi who wont do 1st pos. Another annoying bit about our current process is that our lead sources have been flooding us with trucking lately and a lot of our lenders have very strict or specific guidelines for them.

[Andrew@eFi]

I can get you good offers on trucking files, we don't have a minimum on how many trucks the merchant needs either.. Minimum revenue $15K // max funding $750K up to 12 months.

Email or call me I can go over our guidelines with you.

Andrew@efinancialtree.com or 815 260 0284

[ryan $]

first, you have to look in the deal and see who is in there and who the file might work for.
once I do that, I send to 3-4 funders, if they dont bite or give the offer im looking for, I move down teh list.

sometimes you can work offers into better ones. othertimes if I have history on the deal, I call us funders im close with and discuss what I need

You have to know Funders boxes, pre underwrite the deal yourself and send to funders you think would be a fit.
If the decline or info comes out based on the initial subs, then go down a tier of funders.... etc...

[goatFunding]

The Fundworks is a better version of EBF IMO.. pickier..But will almost always come in stronger on dollar amount.

[Fundyman]

The Fundworks is a better version of EBF IMO.. pickier..But will almost always come in stronger on dollar amount.

& what's their average buy rate...?

[goatFunding]

1.29

[goatFunding]

& what's their average buy rate...?

1.29

[Business2122]

& what's their average buy rate...?

The buy rate is 120%-200%. All depends on how well their math and contract verbiage is put together, the most organized lenders can slide in 300-500% at times, but no one will tell you their live rates, you’ll just have to do the math yourself if you know how much the merchant needs to pay back

[NotALoan]

The Fundworks is a better version of EBF IMO.. pickier..But will almost always come in stronger on dollar amount.

Except Fundworks will take two weeks to underwrite your file, whereas EBF is usually same or next day.

[goatFunding]

Except Fundworks will take two weeks to underwrite your file, whereas EBF is usually same or next day.

I do not find TFW to be slower than EBF

[BR-Nightmare]

I do not find TFW to be slower than EBF

Depends on the file and stips, not every funder has the same processes which is what 75% or more of the brokers do not understand.

[J.Celifarco]

I do not find TFW to be slower than EBF

both good companies with quality people working at them. Dont think you can go wrong with either, it will come down to which process you prefer.

[ryan $]

How do you go about sending deals , would you send to all at once ( thats what we do , helps to have mutiple offers for merchant to pick , its not do you want this deal yes or no , its what deal do you want) or do you send one at a time down a prioritized list ?

Look at the deal, send to 3-4 places.
Based on their feedback, Go elsewhere.
Then have last ditch (cant get any offers but theyll throw out a 40,30 or 20 day deal) and then one off boutique type funders who take fliers.