Results 1 to 13 of 13
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05-11-2023, 11:38 AM #1
- Join Date
- May 2023
- Posts
- 28
New ISO - signing up lenders
Hey y'all,
First post here but Ive been in the industry for a year now. Opening up a new shop and aside from personal connections to lenders, how would a new iso go about signing up A paper lenders ? As I'm sure many of them would require an extensive track record or good rapport
Have a few B/C paper lenders in mind but aside from the well-known ones , i.e. Forward, EBF, what do you guys look for when signing up new ISO's ?
TIA
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05-11-2023, 11:51 AM #2
- Join Date
- Dec 2021
- Posts
- 213
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05-11-2023, 04:23 PM #3
- Join Date
- Jun 2022
- Posts
- 86
if you need another B/C paper lender send me an email. I can provide fast honest response to your submissions.
Eugene@equitaadvance.com
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05-11-2023, 04:31 PM #4
- Join Date
- Aug 2019
- Posts
- 163
With A paper, the most important thing is making a good impression as someone whos honest, and gives them the feeling that you are gonna do good numbers with them. Always better to reach out directly to an ISO rep and say that someone referred you.
Simon Wein
CEO- Radiance Funding
P:516.509.9788
W: Radiancefunding.com
E:Simon@radiancefunding.com
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05-12-2023, 10:57 AM #5
- Join Date
- Jan 2017
- Posts
- 387
I would like the opportunity to fund you B-D paper deals.
Please call or email me to get boarded and start funding.
Thank you,Paul Boxer
Merchant Marketplace
Chief Operating Officer
Chief Revenue Officer
Cell: (516) 805-9209
paul@merchantmarketplace.com
www.merchantmarketplace.com
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05-12-2023, 11:19 AM #6
- Join Date
- Mar 2023
- Location
- Miami
- Posts
- 40
Congrats on the new shop!
Would love to fund your B-D paper.
Cash in on our May promotion +2 points for deals over 250k and +1 for deals over 100k.
Moe Braun
Rocket Capital
(C)848-318-2598
(D)786-937-3556
Moe@rocketcapllc.com
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05-12-2023, 01:23 PM #7
- Join Date
- Jun 2014
- Posts
- 541
All the best with your new business. Feel free to reach out to bb@cooperaset.com
Robert S Bloink
EVP of ISO Partnerships
Direct: 248-341-9477
Email: bb@cooperasset.com
Web: www.cooperasset.com
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05-12-2023, 01:27 PM #8
If you need help with any SBA Bolt, SBA Express, SBA 7A, SBA 504 - reach out and I'll help.
Many A paper lenders won't sign up without volume.
You might contact Splash Advance
They are a super broker and can submit your files to:
Fora
Channel Partners
OnDeck
Headway
Etc...
They charge 2%.
Cody Petitte
Senior Funding Director
Cell: (561) 945-9753
Office: (561) 486-9323
cp@splashadvance.comLast edited by Olderguy; 05-12-2023 at 01:38 PM.
Steve Benjamin
Professional Business Loans
522 Contessa
Irvine, CA 92620
steveprobiz@gmail.com
https://probizloans.net/
Broker, Underwriter, general business loan expert
949.228.1050
@ 24 hour funding working capital loans
@ Term loans from 3 years to 10 years at 9.5% and up
@ Equipment financing up to 7 years
@ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
@ SBA loans - 7A and 504.
@ Private money equity and debt for major investments
@ Personal Loans up to gross income from personal tax return.
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05-12-2023, 01:34 PM #9
- Join Date
- May 2023
- Posts
- 28
I didnt know that, thanks for the info Steve I'll definitely be sure to check them out. Do they charge 2 pts from the commission ? Do they have a UI that i can interact with to see the status of my file
Thanks in advance
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05-12-2023, 01:36 PM #10Steve Benjamin
Professional Business Loans
522 Contessa
Irvine, CA 92620
steveprobiz@gmail.com
https://probizloans.net/
Broker, Underwriter, general business loan expert
949.228.1050
@ 24 hour funding working capital loans
@ Term loans from 3 years to 10 years at 9.5% and up
@ Equipment financing up to 7 years
@ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
@ SBA loans - 7A and 504.
@ Private money equity and debt for major investments
@ Personal Loans up to gross income from personal tax return.
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05-17-2023, 12:19 AM #11
- Join Date
- May 2023
- Location
- 985 Ocean Ave Ste 4C, Brooklyn NY 11226
- Posts
- 7
Just a heads up, this is a rough industry for newbies and if you don't have relationships with funders you can get your deals stolen left and right. I would be happy to help you out on your deals, for a cut of course, but I play fair. Lets just say I've been there and done that and don't want to see it happen to anyone else.
Ari Dahukey
Account Manager
Best Connect Capital, Inc.
(p) 602-338-1769
(f) 516-740-2830
https://www.Bccapital.info
985 Ocean Ave Ste 4C, Brooklyn NY 11226
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05-17-2023, 11:26 AM #12
- Join Date
- Mar 2023
- Posts
- 54
Minimum Monthly Rev: 25,000
Maximum Funding Amount: 1,000,000
Buy Rate: 1.20 - 1.42
Maximum Up Sell: 15%
Minimum Time in Business: 1 Year
Minimum Average Bank Balance: $1,000
Minimum Fico: 550
Expected Terms: 4-12 Months
Maximum Negative Days: 5
Minimum Deposits Per Month: 5
Minimum Ownership %: 51
*B PAPER ONLY*
We will mainly offer daily payment options, Weekly are possible but is on a strict deal to deal basis! We Fund Trucking, Construction, Cannabis, Lawyers, Puerto Rico, Restaurants and much more!
Nicholas Curcio
O: (888) 425-2825
C: (631) 942-3364
E: nicholas@greenbuckcapital.com
www.greenbuckcapital.com
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05-17-2023, 01:54 PM #13
"NEW ISO - SIGNING UP LENDERS" - that's a first....
Anthony Diamond
Underwriter
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