[AGuyWhoFunds]

Who are the lenders that would compete with a 1.30 sell rate from Kapitus. Currently competing with a $150,000 15 month offer that is a 1.30. Are there lenders out there that would compete with these type of offers?

[abfunders]

IOU comes to mind
Not sure what OnDeck is putting out these days
Try to sell him on a Bluevine LOC, tell him the advantages of a LOC over a term product etc etc

[AGuyWhoFunds]

IOU comes to mind
Not sure what OnDeck is putting out these days
Try to sell him on a Bluevine LOC, tell him the advantages of a LOC over a term product etc etc

Recently I have seen Ondeck be more expensive on the rate but are flexible with the terms going out to as long as 24 Months. Bluevine is a good option, thank you for the suggestion.

[closer129]

Who are the lenders that would compete with a 1.30 sell rate from Kapitus. Currently competing with a $150,000 15 month offer that is a 1.30. Are there lenders out there that would compete with these type of offers?

I would talk to the merchant and ask him why he wants a 15 month term or longer. Business always need money and if he is inn the same boat by taking a 15 month term and needs money in a few months he will have to take a stack. Or if we waits 8 months then they will refinance his balance then the 15 month term will turn into 8 months and the new cost is 1.60 because they will charge him double on the new balance by paying them self off. Depending on the industry daily balances and credit i can get you a 6-9 month term at around a 1.30 sell rate range and every few months we will just extend the term out and add the new money to the the back of the old balance so over 15 months the merchant gets more money at a 1.30 like credit line in a way.


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

[Olderguy]

Have you looked into SBA Bolt $150K fund in a few weeks?
Financial Lynx better LOC than BlueVine....but takes time
Revolving with no term, no monthly fees.

[goatFunding]

Who are the lenders that would compete with a 1.30 sell rate from Kapitus. Currently competing with a $150,000 15 month offer that is a 1.30. Are there lenders out there that would compete with these type of offers?

Any funder that doesn't back door .. wins the the competition.


I have funded 1.22 12 months paying 4 with them. .. but your paper is not protected there... everyone who has been in the industry for a minute knows that.

[Zonefund]

IOU comes to mind
Not sure what OnDeck is putting out these days
Try to sell him on a Bluevine LOC, tell him the advantages of a LOC over a term product etc etc

Iou is 1.35-1.38 15 months paying 10

Sos capital offers 1.15 15-24 month deals, down to 1.10 (term loan). 1 for 1 upsell up to 6-10

[Zonefund]

I would talk to the merchant and ask him why he wants a 15 month term or longer. Business always need money and if he is inn the same boat by taking a 15 month term and needs money in a few months he will have to take a stack. Or if we waits 8 months then they will refinance his balance then the 15 month term will turn into 8 months and the new cost is 1.60 because they will charge him double on the new balance by paying them self off. Depending on the industry daily balances and credit i can get you a 6-9 month term at around a 1.30 sell rate range and every few months we will just extend the term out and add the new money to the the back of the old balance so over 15 months the merchant gets more money at a 1.30 like credit line in a way.


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

Kapitus offers addons even at 3 months in for many merchants on 15-24m deals. They fund 2nds too. Theyll stack themselves to not get stacked elsewhere.

[closer129]

Kapitus offers addons even at 3 months in for many merchants on 15-24m deals. They fund 2nds too. Theyll stack themselves to not get stacked elsewhere.

Kapitus will add on new money to the back of the old keep the payment the same and wait to get paid on the new balance while the old one finishes getting paid off?

[powerhousecapital]

Have you looked into SBA Bolt $150K fund in a few weeks?
Financial Lynx better LOC than BlueVine....but takes time
Revolving with no term, no monthly fees.

your useless here MCA guys only on this one

[AGuyWhoFunds]

your useless here MCA guys only on this one

I actually appreciate his suggestion, you don't always win deals with cash advances.

[GoldStandard]

mitchell.bain@biz2credit.com

[Olderguy]

I actually appreciate his suggestion, you don't always win deals with cash advances.

Here's Financial Lynx LOC program:

DOES YOUR CLIENT QUALIFY?
Business older than 2 years
Owner(s) has credit score of 700 or higher
Tax return shows at least $350,000 or more for gross revenue
Tax return does not show loss greater than $100,000
Tax return does not show revenues exceed $10 million (may qualify for our other
products)
Business Owner(s) does not have a criminal record
Business does not have any federal or state tax liens
Business owner(s) is a US citizen or Green Card holder
Business is NOT a restricted Industry

PRE-APPROVAL REQUIRED DOCUMENTS
Fully completed Application (no blanks)
Most recent filed business tax return
ID (from each owner over 20% equity)
3 months of most recent bank statements
Recent Experian FICO V2 credit report, if available

LOAN AMOUNTS
 up to $250,000 per bank
**We are often able to open lines at multiple banks for one business. **

RATE & MINIMUM PAYMENT
 Interest Only Payment
 Rates are Variable based on the WSJ Prime index,
 Current annual rate is starting at WSJ Prime+2% or +3%
*Calculation on interest only payments.
If Rate is 7% And client draw $100,000 @ 7% = $7000 annually / 12 months = $583.33 in
minimum monthly interest payments.
Revolving - no term.

MOST IMPORTANT - CLIENT NEEDS TO GO TO THEIR SECRETARY OF STATE AND GET US THE UCC FILINGS THAT ARE SHOWN.



SBA Bolt:

Who gets approved?
2 years in business
720 FICO
175 Small Business Liquidity Score ETRAN
WORKING CAPITAL ONLY

What Loan Amount?

30% of Gross Revenue (top line from last tax return) UP TO $150k
No cash flow analysis performed
Can take it again after 3 months without paying off the first!
10 Year Term Loan – Wall Street Journal Prime +2.75% - No Prepay Penalty – No Collateral! 10.5% right now

How Long does it take?

Currently trending 2 - 3 weeks from Application to Funding

Prequalification Documents:

Loan app and:

1. 2022 year end P & L and balance sheet, 2023 Ytd
2. 2 years business tax returns
3 2 years personal tax returns
4 Schedule of liabilities form 2202
5 Use of funds summary -
6. Fico scores
7. 6 months business bank statements

How many W-2 employees do you have?
Do you own or rent your primary residence
What is your monthly payment?

[Zonefund]

Kapitus will add on new money to the back of the old keep the payment the same and wait to get paid on the new balance while the old one finishes getting paid off?

The payment is increased with the addon

[welovefunding]

Which bank is paying the best commission with the Bolt program right now?

[Zonefund]

Who are the lenders that would compete with a 1.30 sell rate from Kapitus. Currently competing with a $150,000 15 month offer that is a 1.30. Are there lenders out there that would compete with these type of offers?

Sounds like 5 pts retention pricing

Iou wont beat that unless you take 3 pts or so

Retail channel ondeck (got 24m 1.20-1.23's) Biz2credit (cancapital? Dont use em, they're cheap tho) pirs capital (you'll make 2 or, but their dollar amt will be higher)

[Olderguy]

Which bank is paying the best commission with the Bolt program right now?

SmartBiz pays 2% but with volume you can get 3%. CreditBench went down to 1%. But now I heard 2% again....so you'll have to check with them.

[Seth Davis]

Channel Channel Channel

[Yankeeman07]

Bay First is at 2% Referral Fees according to their latest email.

[Olderguy]

Bay First is at 2% Referral Fees according to their latest email.

Yeah...but a buddy of mine was going to be paid only 1% and he had to fight and fight to get the 2%.

[Kevin Henry-Seacoast]

Bay First is at 2% Referral Fees according to their latest email.

Someone's email marketing doesn't mean jack ****. It's what they actually do that matters.

[downtownfunding]

Kapitus will add on new money to the back of the old keep the payment the same and wait to get paid on the new balance while the old one finishes getting paid off?

I haven't seen many places do addon's since early 2020. Not to say Kap won't do it in a specific situation, I just haven't seen them do it.

They're trustworthy and are a place that you can rely on them to keep you apprised and paid your commission even when a merchant calls them direct on their refinances.