[Jared_Weitz]

That's great that pearl sold. I don't think everyone has to argue about it. I'm looking forward to the press release they put out.

Agreed, I also think the guys who took them over will offer other programs and it will be good all around.

[Lenders.Marketing]

Just wait for the UCC to be filed, then we will know

That right there is funny on multiple levels.

[channin19]

Cato Capital?

[Achfund]

Nope. Speculating makes you seem smart tho

[ADiamond]

Edit- not getting involved in **** that's not my business

[Chambo]

Forwardline has been around for years. Since when are they affiliated with Pearl?

[ADiamond]

Forwardline has been around for years. Since when are they affiliated with Pearl?

Edit - I don't know if they are

[Sean Cash]

Forwardline has been around for years. Since when are they affiliated with Pearl?

pearl and forwardline are not related.

[Sean Cash]

Two different fowardlines, the one with fxd1 after it on statements is pearl

pearl debits with the name "forwardline fxd1"?

[Sean Cash]

Wow there is indeed another forwardline it looks like:

FORWARD LINE FUNDING
4 RESEARCH DR. - SUITE 402, SHELTON, CT 06484, USA

The forwardline that's been around forever that's not affiliated with pearl is based in california.

[ADiamond]

Sean I don't know

[Achfund]

exciting times for cash advance

[Funder Mark]

I do know that some of the people in the company used to be affiliated with Forwardline, although I am not sure of the exact relationship.

[ADiamond]

Probably just used them as a source of funding with iso relations. What is forward line, an "a" lender? Pearl is very competitive when it comes to closing a deal.

[Andy]

Probably just used them as a source of funding with iso relations. What is forward line, an "a" lender? Pearl is very competitive when it comes to closing a deal.

forwardline is an A-B paperlender. They pay very little commissions to iso's which is why they are not widely known, I do not know any isos that use them because commissions are so low. but they do have pretty good rates, and reduction in payback if the merchant pays it off early

[len@accfunding.com]

Capital Z Partners

[sam@ybc]

Congrats to pearl very happy to hear

[isaacdstern]

lol, yo

Its less. 30 days and then you are clear of clawbacks.
They are the most profitable company in the industry 3 years in a row, unlike yellowstone for example, who puts all the money back into deals and barely showing a profit to they're syndication or investors, making most of the money through commission. Pearl shows overall profit from deals that payback, yo

[Chambo]

forwardline is an A-B paperlender. They pay very little commissions to iso's which is why they are not widely known, I do not know any isos that use them because commissions are so low. but they do have pretty good rates, and reduction in payback if the merchant pays it off early

They also take over CC processing for themselves. That's how they mitigate the cash advance rates

[Scott Williams]

Its impossible to state that any one funder is the most profitable since nobody knows each others books. None of us know how profitable any funder is since 95% are private companies.

[155refi10psf]

We should all learn from Pearls multi-million dollar exit that ethical business tactics, honesty, integrity and paying taxes can bring success as well
Congratulations

[bizloanbroker]

Has anyone else heard that now that the new owners have taken over Pearl that they are now only doing 1st and 2nd position deals?

[isaacdstern]

I have heard the same thing from a few different folks

[GoodCustomerService]

Not true. Pearl still taking same paper they always have.

[mcaguru]

what does that mean to the industry ?