[MCNetwork]

This company is kicking my ass on the A paper with their 48 month 6% APR deals. Are they an MCA company? They seem to do their underwriting like MCA firms.

[channin19]

They were acquired by CIT recently. They offer daily payment programs.

[CreditGuy]

https://www.directcapital.com/WorkingCapital

[MCNetwork]

Yeah I know. These guys are crushing it. Have no idea how they can be profitable unless they have zero cost of funds and very low overhead.

[GRP Funding]

Yeah I know. These guys are crushing it. Have no idea how they can be profitable unless they have zero cost of funds and very low overhead.

They offer & sell a lot of different products to the same client.

[aredmond]

They offer & sell a lot of different products to the same client.

Is this company accepting ISO's? If so, what is the comm structure like?

[channin19]

Now that they are part of CIT they do have access to very cheap money.

[CO1]

No they dont take on ISO's. we lost to a deal from them last week.

[MTY MSI]

According to their website they do accept what they call "partners" to sell financing. Has somebody communicated with them recently and they indicated otherwise?

[Miller192]

From my experience, Direct Capital partners with dealers (equipment dealers, truck dealers etc) to provide them an avenue to get a customer financed. They will allow them to offer some working capital in their loans as well as long as there is an existing relationship.