Results 1 to 25 of 28
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11-06-2023, 12:17 PM #1
Business Funding, fees from 1% per week*
We're veterans in the MCA space (2007 to be exact).
Straight to the point:
Funding up to 250K
Merchant controls the cost of the funds.
Cost of funds are as little as 1% per week.
Hold the funds for 10 weeks? 10% cost of capital.
Hold the funds for 12 weeks? 12% cost of capitall
Merchant must hold funds for a minium of 10 Weeks, but can payoff between week 10-23 (1% for each week he holds the funds).
Merchant paid off the account on Week 10 (paid 10%)?
He is elegile to get more funds the next day.
In order words, merchant only floats his own capital to close the account, as he is getting more funds the next day.
ISO Commissions can be paid up to 12% depends how the final deal is set up (closing fees, etc)
We are an MCA company, we offer a untraditional way to merchants (and brokers alike) to access captail.
Email or call
mike@regiumfunding.com
917-497-8508Last edited by Regium; 11-07-2023 at 10:35 AM.
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11-06-2023, 12:18 PM #2
- Join Date
- Dec 2021
- Posts
- 214
why doesn't your website work?
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11-06-2023, 12:20 PM #3
regiumfunding.com
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11-06-2023, 12:27 PM #4
- Join Date
- Mar 2020
- Posts
- 133
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11-06-2023, 01:02 PM #5
It does work?
Also going thru a big makeover - bare with us!
Correction: Mobile version having an issue.
It works on desktop :-)
Just a line of code broke on the back end...
BESIDES THE POINT
See 1st post.
Thanks!Last edited by Regium; 11-06-2023 at 02:11 PM. Reason: didnt check mobile
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11-06-2023, 04:15 PM #6
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- Mar 2020
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- 133
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11-06-2023, 04:24 PM #7
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11-07-2023, 05:28 AM #8
Website is working.
The point was to introduce our new 1% per week funding - not get a lesson on websites.
If you have any questions on the program
Email me at mike@regiumfunding.comLast edited by Regium; 02-19-2024 at 04:11 PM.
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11-07-2023, 09:19 AM #9
- Join Date
- Mar 2021
- Posts
- 187
the whole website policing that goes on here, is a bit silly IMO.
I know extremely well-run, honest places that have trash websites if any...
And I know of funders with very questionable practices at best... with stunning websites, that talk about... our mission blah blah........
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11-07-2023, 09:24 AM #10
A lesson on websites?
If you've been in this space for over 10 years you should know what goes on in this industry and how carefully we have to vet every new "direct funder" that pops up on DF. You're website didn't work which was a red flag right from the get-go (and the website above didn't answer any questions or provide anything additional anyway).
Good Luck!
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11-07-2023, 09:39 AM #11
- Join Date
- Mar 2020
- Posts
- 133
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11-07-2023, 10:06 AM #12
I guess our WIP website stole the show here, not the actual product which no one in our space offers.
If you reread my 1st post and would like to know more, DM or email!
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11-07-2023, 11:21 AM #13
- Join Date
- Mar 2020
- Posts
- 133
Are you really not understanding that an active website might be important for brokers to feel comfortable and get to the next stage of their due diligence before sending you the deals that they worked hard to bring in??
Also unless i'm not understanding the product it's not new. It sounds very similar to Select Funding's special prepay program or Mulligans for that matter.
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11-07-2023, 11:25 AM #14
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11-07-2023, 12:00 PM #15
Website is getting revamped. I've been on this forum a long time.
I get your concerns, but I mentioned already, our tech team is revamping the site.
Mulligan & Select is great, but our program is not the same.
Any questions about the program, I'd be happy to answer.
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11-08-2023, 03:11 PM #16
Just wanted to share a deal we just did.
Merchant was assigned a 1% weekly fee
Merchant needed the money for 12 weeks (3 months), and wanted to close the account.
He paid 12% on the money (112K payment)
The broker upsold a "closing fee" of 3% for when the merchant pays off (so merhcant paid 12% + 3% closing fee)
Broker was paid 4% up front + the 3% closing fee, 7% total at the time of funding.
For a 100K deal, payback 112K, 12 week deal, 1% per week.
Many ways to upsell elements of this program so the broker can earn higher commissions - all paid up front
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11-15-2023, 08:13 AM #17
- Join Date
- Dec 2021
- Posts
- 214
..
Last edited by goldenhippo80; 11-15-2023 at 05:38 PM.
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06-26-2024, 04:14 PM #18
- Join Date
- Aug 2018
- Posts
- 877
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06-27-2024, 10:54 AM #19
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06-27-2024, 11:57 AM #20
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06-27-2024, 12:15 PM #21
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06-27-2024, 01:23 PM #22
I'd like to share a Schedule that will allow you to visualize the program, please email me
mike@regiumfunding.com
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06-27-2024, 01:31 PM #23
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06-27-2024, 01:46 PM #24
100K 1.32 32 weeks, 995 total origination fees
Program breaks down as 1% per week cost of advance, merchant can payoff any week. Cost of advance depends on which week merchant pays off (if they ever decide to, some don't get around to it). They can hold funds until the capped 32 weeks.
At the time of payoff, has to pay a 3% closing fee (3000$). Can be compared to a prepayment penalty.
So at week 12, total advance cost was 12% + $3000 closing cost.
Closing fee of 3% allows broker to get paid a higher commission upfront - essentially 100% of the closing cost is paid to the broker.
We have many accounts who payoff their account within 5-10 weeks, aiming to pay single digits, as they can open a new account the very next day after payoff.
In other words, they open up to 10 accounts per year, using the program similar to a line of credit.
Let me know if I can further explain
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06-27-2024, 01:51 PM #25
- Join Date
- Aug 2018
- Posts
- 877
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