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04-03-2023, 05:16 PM #1
Reputation points: 10476
- Join Date
- Nov 2019
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My buy rates are lower than some funders depending on the file and term. But on our first position renewals compared to all other funders we do not refinance the balance on renewals to cut the term shorter and charge double on the new money. We just extend the term out when the old money pays of they new balance starts. The money gets cheaper as time goes on. Feel free to reach out to me to learn more.
Scott Platto
scott@tmrnow.com
tmrnow.com
212-220-9872
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04-03-2023, 05:49 PM #2
Reputation points: 29542
- Join Date
- Jun 2021
- Location
- miami
- Posts
- 436
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04-06-2023, 12:29 PM #3
Reputation points: 10476
- Join Date
- Nov 2019
- Posts
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It pulls under total merchant resources. But most of our merchants do not shop and our brokers do not usually stack on us. We fund all types of paper depending on the file. On lower tier paper due to daily balances we will only do a cc split as a first position only. We will do stacks as long as the merchant has strong daily balances and not over extended with current payments. We will do cc splits on stacks. We will buy out a position or maybe two to even become a stack potion depending on the file.
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04-06-2023, 12:44 PM #4
Scott, very interested in learning more about your funding products & the other services tmr offers businesses. sending you a pm
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