Sub 500 fico
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  1. #1
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    Sub 500 fico

    Anyone funding these deals in this environment (excluding 30 day offers)?

    Have a deal with good cashflow, TIB and no balances.

  2. #2
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    Quote Originally Posted by FCF Fund View Post
    Anyone funding these deals in this environment (excluding 30 day offers)?

    Have a deal with good cashflow, TIB and no balances.
    dependent on industry, I have a few lenders who'd take a look I can refer you too

  3. #3
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    Quote Originally Posted by Bcooper View Post
    dependent on industry, I have a few lenders who'd take a look I can refer you too
    Sent you a PM on the details of this deal.

  4. #4
    Elevate only does 1sts and they don't look at credit

  5. #5
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    Quote Originally Posted by dollarbillz View Post
    Elevate only does 1sts and they don't look at credit
    Saw their ISO agreement and wasnt satisfied with what they offered when I tried to sign up. 7% total commission, 4% upfront and 3% on the back when deal is paid off.

  6. #6
    dont think that's the correct structure.
    You might wanna call them directly and confirm

    And if the file is dead everywhere else you have nothing to lose

  7. #7
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    Myalpahaloan.com can help out with that deal send it over to info@myalphaloans.com . I can get you an approval today.

  8. #8
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    Quote Originally Posted by FCF Fund View Post
    Saw their ISO agreement and wasnt satisfied with what they offered when I tried to sign up. 7% total commission, 4% upfront and 3% on the back when deal is paid off.
    I just saw your email on this and responded, but that is not correct at all.

    Up until this point, we paid our commission on the amount sold. The split commission payout you're referring to is also just the provision in our agreement to cover payouts during "acts of God" - meaning if there's another pandemic or a major disaster. Otherwise, we pay out in a single lump disbursement.

    We are changing to a traditional buy rate + points structure starting June 1st so that our partners can better compare apples to apples with other offers.
    Last edited by kpeng; 05-22-2023 at 01:16 PM.

  9. #9
    Quote Originally Posted by FCF Fund View Post
    Anyone funding these deals in this environment (excluding 30 day offers)?

    Have a deal with good cashflow, TIB and no balances.
    If there is previous MCA history, I can take a look.

    We don't run credit, but we only fund 1st with previous history.
    Mark Goldberg

    Blade Funding

    347.281.2223

    Mark@bladefunding.com

  10. #10
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    Quote Originally Posted by FCF Fund View Post
    Anyone funding these deals in this environment (excluding 30 day offers)?

    Have a deal with good cashflow, TIB and no balances.
    Business owner may want to consider a credit card split funding option.
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

  11. #11
    We are offering a 3 points bonus on all new files that funds in the month of may.. Let's close out the month strong!! Email or call me to become an ISO partner Our Portal is Amazing! You can easily drag and drop your deal with minimal notes OR you can submit by sending a full submission package to DEALS@MERCHANTMARKETPLACE.COM & CC CEDRIC@MERCHANTMARKETPLACE.COM Cedric Sheriff Business Development Head Of ISO Relations 360 RXR Plaza Uniondale, NY 11556 Cell: (347) 813-3957

  12. #12
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    Quote Originally Posted by FCF Fund View Post
    Saw their ISO agreement and wasnt satisfied with what they offered when I tried to sign up. 7% total commission, 4% upfront and 3% on the back when deal is paid off.
    First of all, it is 7% of the PAYBACK, not 7% of the funded amount.
    Secondly, they just changed it to a more standard max upsell of 12%. Ken just sent me the updated addendum to my ISO agreement literally within the last few days.

  13. #13
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    Quote Originally Posted by abfunders View Post
    First of all, it is 7% of the PAYBACK, not 7% of the funded amount.
    Secondly, they just changed it to a more standard max upsell of 12%. Ken just sent me the updated addendum to my ISO agreement literally within the last few days.
    Its been corrected, I got the updated docs from Ken today.

  14. #14
    Quote Originally Posted by dollarbillz View Post
    Elevate only does 1sts and they don't look at credit
    can you pass the Contact info of Elevate?

  15. #15
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    Quote Originally Posted by FundingGuy View Post
    can you pass the Contact info of Elevate?
    Ken@elevatefunding.com

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