Splash Advance
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  1. #1

    Splash Advance

    Is Splash Advance a direct lender or super broker ? I was told I can submit files to them to sub to tier 1 lenders for a %

    Would greatly appreciate if someone can clarify

  2. #2
    Why would you submit to them to send it out? Why dont you just sign up with tier 1 lenders

  3. #3
    Ondeck , mulligan, IOU, etc wont sign on with new iso's

    To my knowledge atleast

  4. #4
    Senior Member Reputation points: 122949 BR-Nightmare's Avatar
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    Quote Originally Posted by abcloser View Post
    Is Splash Advance a direct lender or super broker ? I was told I can submit files to them to sub to tier 1 lenders for a %

    Would greatly appreciate if someone can clarify
    They do both.

    If it's not a file in their wheel house then they send it out to funders that may be able to fund it.
    The Brokers Nightmare
    I don't want peace, I want problems, ALWAYS!
    Florida-Based

  5. #5
    Senior Member Reputation points: 72398 Olderguy's Avatar
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    They are a super broker and they take 2% out of the deal commission.

    You can't sign up with their lenders due to volume requirements and them not taking on new ISO's

    Fora, Headway, OnDeck, Channel Partners, etc

    Cody Petitte
    Splash Advance
    Senior Funding Director
    Cell: (561) 945-9753
    Office: (561) 486-9323
    .
    Last edited by Olderguy; 07-11-2023 at 01:59 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.

  6. #6
    Senior Member Reputation points: 10476
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    My company does A-D paper depending on why it is the lower tier on case by case basis. Our first postion deals work kind of like a line of credit. I am always looking to sign up new good iso's so feel free to reach out to me.

    Scott Platto
    scott@tmrnow.com'
    tmrnow.com
    212-220-9872

  7. #7
    Senior Member Reputation points: 14752
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    They do in fact fund deals directly. Mainly B/C/D paper.

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