Results 1 to 18 of 18
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03-01-2023, 05:31 PM #1
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Bitty advance
Hello,
any ISOS here funding with bitty advance nowadays?
Seems so hard honestly they pay 6 points on most deals that my company sends.
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03-01-2023, 06:12 PM #2
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- Dec 2021
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03-01-2023, 10:07 PM #3
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- Jul 2018
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Bitty pays up to 15 pts Commission for CORE Bitty higher risk micro funding and 12 pts for BIG bitty up to 125k, B paper type funding. If you receive a 6 pt 1.65 rate it means it's a restricted industry pricing file and performs well under 65%, hope that helps, thanks.
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03-02-2023, 07:14 AM #4
Reputation points: 12291
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- Oct 2020
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Bitty in my opinion by far the best of all the Micro funders. Yes they only pay six on certain files but mostly its between 10 and 16 and once an offer is underwritten it very rarely gets killed unless poor mtd. Vader offers get killed in final review at least 50% of the time for things that are there proior to bank verify. Also the evrest/vader business model has always been " isos suck and we dont care about you".THe other few micro lenders out there, we id not find much success with
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03-02-2023, 08:30 AM #5
Reputation points: 88
- Join Date
- Mar 2022
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- 33
if you need another funder who deals with micros give us a shot
ADVANCE: $5,000- 500k (note we do take our time with offers beyond $100,000)
Buy rate: B paper 1.35-1.38/ C paper 1.37-1.40/ D paper 1.40 MAX UPSELL 1.50
Term: B paper 80-125 days/ C paper 45-100 days/ D paper up to 80 days(mainly for higher rev files)
Defaults? On C- And below with payment history! And satisfied
Restricted Industry/ Trucking/ Micro construction, legal firms, financial services, house flippers.
Restricted states/ CA/VA/UT/OH/NC
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03-02-2023, 08:59 AM #6
Reputation points: 39760
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- Oct 2014
- Location
- Naples, FL
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- 474
Dare I say it?
Vader (Everest) over Bitty. All day.
"Roadblocks" with Bitty:
- Offers are always low compared to competitors.
- Initial offer (instant offer) never sticks. Always changes in underwriting. Never for the better.
- You as an ISO, never know what you're going to get paid until you submit the file. I don't like that.
- Rate is always higher than competitors (had to edit to get this one in. VERY big issue.)
I don't have these issues when I get an offer from Vader.
Just my experience.
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03-02-2023, 09:00 AM #7
Reputation points: 2226
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- Jul 2018
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- 13
Thanks for the kind words, its been a challenge last month and we will work hard to put these higher risk files to work. We also have BIG bitty ABC paper 20k-125k lower rates and longer terms that pay up to 12 pts, lower fees. If they don't hit that approval then you still get CORE bitty micro funding pricing 2k-35k, up to 15 pts.
Charlie
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03-02-2023, 09:05 AM #8
Reputation points: 2226
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- Jul 2018
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Thanks for feedback. You get instant offers based on the info you submit. This is why our top partners hit confirm pricing and then you get a hard approval with everything done up front, UCCs, judgements, soft pull, etc. Only Login left. We have many partners who don't open a bank statement and leave in the wrong revenue, SBA, funding's, tax returns and transfers an this is why your offer is wrong. Many choices out there, what is good about our industry. Majority of our 847 partners love bitty and the micro advance product and now BIG bitty. We pay same day commission and have a solid pay in full discount, with no inside sales team. Thanks again for the feedback, will always take it and learn.
Charlie
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03-02-2023, 09:09 AM #9
Reputation points: 12291
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- Oct 2020
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03-02-2023, 09:55 AM #10
Reputation points: 23085
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- Nov 2013
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03-02-2023, 10:27 AM #11
Reputation points: 672
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- Oct 2021
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We just closed a $70k deal with bitty. It took a little while to close but the offer was $30k higher than any other Funder. After that, we sent in 2 deals that had $100k offers from b paper lenders, and bitty beat them all.
And by far my fav part about bitty is the confirm pricing button. If it's confirmed it's literally never killed.
Not comparing it with Vader bec while they are both micro-funders, I always get completely different offers on the same files.
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03-02-2023, 12:27 PM #12
Reputation points: 64261
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- Oct 2020
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- 129
SuperFastCap by far the best. Offers like 15-20 minutes from sub. All hard offers. Instant checkout link for the merchant and I'm done.
Don't work for funders by putting your data and deals into their portal. If they can't process it themselves and quickly then you shouldn't be working for them. Even if they did pay you 15 points on a 10k deal, your working extra hard for that dough.
Don't work for funder. Make them work for you.
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03-02-2023, 01:52 PM #13
Reputation points: 22609
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- Dec 2019
- Posts
- 158
Thank, you we appreciate the feedback
SuperFastCap
- REAL instant checkout on all approvals
- Honest
- NO inside sales team
- Approvals are all hard offers unless MTD is ****
- Customer service - like no other - answer emails/texts within 10 min or less
My info is in signature if you'd like to sign up.Thank you,
Joseph Vaknen
Business Development
SuperFastCap
Direct: (646) 546-3866 (Text or Call)
E-mail: Joe@superfastcap.com
www.superfastcap.com
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03-02-2023, 01:58 PM #14
Reputation points: 22609
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- Dec 2019
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Thank you,
Joseph Vaknen
Business Development
SuperFastCap
Direct: (646) 546-3866 (Text or Call)
E-mail: Joe@superfastcap.com
www.superfastcap.com
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03-02-2023, 02:07 PM #15
Reputation points: 2226
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- Jul 2018
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- 13
Thanks Mark, always a pleasure and we appreciate your feedback. Glad I can turn that one around and we got it done.
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03-02-2023, 02:36 PM #16
Reputation points: 107104
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- Aug 2016
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- 831
Bitty proves that all you need is a good product, they make you enter, do not have good cm on new or renewals ,they decline after signed docs , Charlie is a complete asshole but we all work with them because at the end of the day they actually fund and approve what most will not.If superfast will approve half of what bitty does they might compete. Vader is their only really competition. Mantis will just steal from you.
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03-02-2023, 02:50 PM #17
Reputation points: 2226
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- Jul 2018
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- 13
Appreciate that response yet a reason I don't spend a lot of time on here due to the nonsense. Not sure who you are as I am sure I boarded you up if you fund with me I apologize for giving that chance and being an asshole for what ever reason, deeply sorry. Shoot me an email your full name and company as rickyr3712 I don't know and will look it up in the portal, give you call. I am Charlie Siegel the Director who helped develop bitty and can be reached at charlie@bittyadvance.com 954-477-7333 ext 120. No need to hide, let me know and will make it right, thanks!
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03-02-2023, 02:51 PM #18
Reputation points: 22609
- Join Date
- Dec 2019
- Posts
- 158
Thank you,
Joseph Vaknen
Business Development
SuperFastCap
Direct: (646) 546-3866 (Text or Call)
E-mail: Joe@superfastcap.com
www.superfastcap.com
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