Lenders with the lowest buy rates
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  1. #1
    Senior Member Reputation points: 10476
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    Quote Originally Posted by 1.49howyadoin View Post
    Looking to add some new lenders with low buy rates. Feel free to drop some names below.

    Currently signed up with:

    Kapitus
    PIRS
    Kalamata
    Aquina
    Mulligan
    Credibly
    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

  2. #2
    Senior Member Reputation points: 29542
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    Quote Originally Posted by closer129 View Post
    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
    just curious what do you fund as I've never seen tmrnow in a statement?

  3. #3
    Senior Member Reputation points: 10476
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    Quote Originally Posted by Bcooper View Post
    just curious what do you fund as I've never seen tmrnow in a statement?
    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.

  4. #4
    Senior Member Reputation points: 16767 fundinggrasshopper's Avatar
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    Scott, very interested in learning more about your funding products & the other services tmr offers businesses. sending you a pm

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