[BreakBreadRich]

avg rev is about 300k 1st position Fico 700s

[BreakBreadRich]

They also have about 1m in ERC receivables. No one will touch a mortgage broker... hahaha

[closer129]

avg rev is about 300k 1st position Fico 700s

I will fund a mortgage company if is as good as you say it is.

[Yankeeman07]

avg rev is about 300k 1st position Fico 700s

Is the Call Center operated as a separate entity?
Revenue is $300K - what generates the revenue - selling data or the closing of mortgages?

TIB?
Business Tax Returns show a profit?

[700+Hybrid]

bizLoans 180X90.jpg

If the client has a 700 or higher FICO we may be able to help them get up to $250,000 (or more in some cases) of unrestricted funds and business credit. It does not work for every client but when it does work for a client they usually love it.

Great for many high FICO (700+) clients:
• With too low of revenues/deposits to get any substantial funding amount against receivables (an MCA). Especially good for small medical and professional practices.
• In industries that the MCA industry is a bit unfriendly to (auto sales, small trucking, small construction, mortgages, bail bonds, etc.).
• With multiple MCA balances who cannot get a decent consolidation loan or SBA loan to consolidate their existing MCA positions.
• Who have multiple MCA balances and want cash without having to pay off their existing MCA positions.

Our program is personal credit driven. It is excellent for doctors, dentists, attorneys, small insurance agencies, small trucking companies, small construction companies, and any business or professional office where the owner has a 700+ FICO with clean personal credit reports and no reported (to business credit bureaus) bad business credit. So even many high FICO clients with restructured MCA payments can qualify for this program.

The funding cycle is about 30 calendar days in total if the client has excessive unauthorized inquiries that need free removal. If not, it can be as short as 7 business days if no inquiry removal is needed. There are no upfront fees to clients and ISO commissions start at 40% of all client fees collected post-funding.

Each qualified client gets funded a combination of 3-5, three to five-year small-term loans of $25,000 - $50,000 (or more) each, (which report on the installment portion of personal credit), and 3-5, 0% intro rate business credit cards of $10,000 - $30,000 (or more) each that report only on business credit bureaus and not on the client's personal credit.

We pay the highest ISO commissions available for this type of program and we also (when necessary) do free 3-bureau inquiry removal for unauthorized inquiries that do not have matching accounts on the client's credit reports.

If you have been in the business finance arena for a while, then you are likely familiar with this type of program.

Comparable is PFG which pays 2.5% ISO commissions on a 15% client fee sheet. That equals 16.7% of collected fees, and 15% is hard to swallow for many clients.
Also comparable is F & G which pays 20% of all collected fees on a 9% client fee sheet = 1.8% ISO commissions, but they charge at least $2000 upfront in a subscription fee.

We currently allow our ISOs to choose either an 8%, 9%, or 10% client fee sheet and we pay ISOs 40% of that. Either 3.2% on 8%, 3.6% on 9%, or 4% on 10%.

We are going to soon (starting next week on 04/10/23) be offering options for our ISOs to also choose from a 12% fee sheet that pays 5% in ISO commissions (41% of collected fees) or a 15% fee sheet (what some of our competitors charge) with a 7% ISO commission (46% of collected fees).

Below is the ISO link to our website and the page on the program that we have that helps high FICO clients who qualify to get between 150K-250K on average regardless of having multiple positions or lower bank deposit volume.

ISO agreement requests are available by clicking on the link at the bottom of the partner's page. We also have an ISO guide that will explain everything in greater detail.

https://bizloansinc.com/700-hybrid-funding-program

https://bizloansinc.com/partners/

Dan R.
CEO
Biz Loans Inc
Office: (610) BIZ LOAN
Cell: (302) 397-3777
Email: dan@bizloansinc.com
https://bizloansinc.com

[Ehenek]

I will take a shot at it. I have funded some "mortgage" companies in the past.

[Funded In A Jiffy!]

Is the request for a term loan, line of credit, or mortgage loan?