Imperial Advance
Need a Funder or Vendor? START HERE

Results 1 to 20 of 20

Threaded View

  1. #3
    Senior Member Reputation points: 13183
    Join Date
    Dec 2021
    Posts
    215

    Quote Originally Posted by TheUnderwriter View Post
    Short term deals. Similar to Bitty on term and dollar amount (without the 1.65 rate paying 6% BS). They mostly a broker who fund their own deals on balance sheet and the other deals they send to everyone else like every other broker. Assuming they have some ISOs that submit to them. Pay 10% on deals last I know of.

    they pull as IMS in the bank statements if you ever seen that before.
    they offered me a job, it was salary plus commission. $20/hr for 40 hours and then there was a revenue threshold of $12,500 I had to bring in before I even made any money on commission. After the threshold, it was 25% to the broker who closed the deal. And the hiring manager told me none of their brokers were even going above the revenue threshold to be given the opportunity to make more money on top of the ****ty base they're offering. What is 41k going to get you in NYC? ****ing nothing. There were 3 rounds of interviews. The 2nd round was with the Owner, Oleg Rud (he also defaulted on credibly in 2021 for 187k lol). He looks at my iphone and says "sell me this phone." What are we in wolf of wall street here? Then I get a text later from some other guy named Michael Pennartz "because you refused to sell Oleg the phone, we cannot put you in a manager position and you will have to prove yourself." This is a company that I'm sure does well for the owners and partners but if you're a broker looking for a job, don't apply here unless you want to live in poverty.
    Last edited by goldenhippo80; 05-22-2023 at 08:24 AM.

Similar Threads

  1. Is stacking an ACH advance on a split-funding advance okay?
    By Sean Cash in forum Merchant Cash Advance
    Replies: 94
    Last Post: 12-18-2017, 09:50 PM
  2. Replies: 6
    Last Post: 10-03-2015, 03:57 PM
  3. 3 million advance, 10 million dollar advance
    By zcgdirect in forum Deal Bin
    Replies: 8
    Last Post: 07-12-2015, 11:47 PM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

eBay announces new MCA program
Lendistry welcomes new CFO
LegalZoom partners w/ businessloans.com


DIRECTORY