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06-05-2023, 10:25 AM #1
- Join Date
- Feb 2017
- Posts
- 3,463
I get that all the time also. "I'm not doing less than 5 points." "I need at least 3 points up front even if there are residuals." I know it. However, you said "NOBODY" has the skills and that's what's insulting (you modified it to "all I'm suggesting" and "a few people" in this last post). Many are not (yet) familiar with the products and they start in MCA and branch out. I personally have been co-brokering for a lot of years, and eventually most of them learn how to do what I've been doing, or they graduate to other realms of finance, so we're always left looking for more newbies. Personally I'm involving myself with a completely different type of lending that's paying a whole lot better and merchants LOVE it, and it's for people that are passed SBAs, LOCs and MCAs, specifically designed to enable these clients have to monthly payments, but without all of the "noise" of long underwriting. So I'm moving "down wind" so to speak to service these clients. EVERY part of the ecosystem deserves to have good service, it's just hard sometimes to find them.
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