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  1. #1

    "A paper" and "B/C" lenders

    How've your experiences been dealing with the "A paper" type lenders:

    - MCC
    - CAN
    - TBB
    - GRP
    - SFS

    and "B/C Paper":

    - Rapid
    - Retail
    - Max
    - Everest

    etc.

  2. #2
    GRP is basically the same as CAN but CAN will pay more, Rapid and Retail are good, Some people like SFS but I don't do anything there, MCC is great, CAN some people like but again I don't really fund there and also I like ODC. Max is terrible. No technology or systems, no way to track deals and commissions, etc.... Everest I don't know well but I do know their comm structure is just average.

  3. #3
    Great insight Jared, thanks. Any others you would recommend?

  4. #4
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    Quote Originally Posted by Jared_Weitz View Post
    GRP is basically the same as CAN but CAN will pay more
    Interesting. I'm sure most of our partners would disagree with this statement.
    Last edited by GRP Funding; 12-05-2014 at 03:27 PM.

  5. #5
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    "A paper" and "B/C" lenders

    max pays out on the funded amount. I like them over anyone.

  6. #6
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    Everest's Commission structure includes 100% of the original commission on renewals - which is not average.

  7. #7
    Quote Originally Posted by AMERICApital1 View Post
    max pays out on the funded amount. I like them over anyone.
    Thanks for the kind words Americapital1! We pay on the payback getting you guys that juicy commission!
    Christina Rossi
    Business Development
    Account Executive
    Tel: 866-629-4464 ext 229
    Fax: 917-368-6943
    Crossi@maxadvance.com
    www.maxadvance.com

  8. #8
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    Everest typically offers the highest principal amount once you hit D paper (in my experience) and wire commissions next day. They are tough to beat in that space.

    There are a number of "must have" lenders that are not on your list (from A paper to F paper), but I don't think anyone is just going to gift you that information. As a broker it is important to go through your own trial and error process with lenders in order to have an adequate understanding of their UW parameters and identify those you will do the majority of your business with moving forward.

  9. #9
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    I know your only asking about the lenders you have in your tier but I've been picking at this subject for a while- I tried to break it down because even though everyone breaks lenders into tiers- What is the TRUE definition of each tier? Are there subs under those tiers? Everyone has their bucket lists and I believe it is all about the market you go after. If you don't have a strategy or know what you want to do, you really end up in a cluster and ask others for deal placement tips. With that being said- You honestly cannot go wrong with the lenders that "Loan" posted because the variation in what they accept. I would add a few just to mix it up... I don't want to give them all away but I would sign up with A- CapRock too... for B paper - Quarterspot for your "B" paper and for seconds (and b/c their transparency and process is refreshing along with fantastic Rates and Terms) - Lendini has provided very good offers and it doesn't hurt that it comes 10 points built in.

    Again, it goes back to what you are doing. Are you working off of UCCs? Are you buying leads? What area? Industry are you targeting?

    PM me- let's chat!

  10. #10
    Senior Member Reputation points: 30475 Zach's Avatar
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    In this order:

    B of I / Celtic Bank
    Smartbiz / Fundingcircle
    CAN
    MCC
    Retail
    QB
    Everest
    Pearl/YS
    Zachary Ramirez – CEO
    Phone: 562-391-7099
    Email: zach@zacharyjosephramirez.com

    1661 N. Raymond Ave #265
    Anaheim CA 92801

  11. #11
    Veteran Reputation points: 134971 Chambo's Avatar
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    Quote Originally Posted by Jared_Weitz View Post
    GRP is basically the same as CAN but CAN will pay more, Rapid and Retail are good, Some people like SFS but I don't do anything there, MCC is great, CAN some people like but again I don't really fund there and also I like ODC. Max is terrible. No technology or systems, no way to track deals and commissions, etc.... Everest I don't know well but I do know their comm structure is just average.
    CAN takes over the deal for renewals

  12. #12
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    Which Everest is being referred to? There's at least 5 MCA lenders called Everest.

  13. #13
    Senior Member Reputation points: 30475 Zach's Avatar
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    Fast business funding.
    Zachary Ramirez – CEO
    Phone: 562-391-7099
    Email: zach@zacharyjosephramirez.com

    1661 N. Raymond Ave #265
    Anaheim CA 92801

  14. #14
    Any good D/F lenders other than YS/Pearl?

  15. #15
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    SFS is the way to go for A/B paper, I syndicate a few points in every deal I do there

  16. #16
    ..
    Last edited by MCAFunds; 02-06-2015 at 10:00 PM.

  17. #17
    Ive funded a lot with Max Advance recently and love how they pay on the payback. To be honest never heard of maxmerchantfunding.com

  18. #18
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    Sign-up with Cresthill Capital and receive "Double Digit" commissions, that's RIGHT!! (new 2015 structure!). same on renewals!!


    we specialize is funding B/C/D paper/ construction/ Home based/ logistics/ trucking/insurance agencies/ NO auto sales . we also have a micro-funding-program (less invasive underwriting model) making aggressive offers from 2K and up (CA. minimum 5k).

    Fast underwriting with fewest stips commissions paid Tuesday and Thursday

    bizdev@cresthillcapital.com

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