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01-18-2024, 05:53 PM #1
- Join Date
- Mar 2023
- Posts
- 11
Does Funding Circle take ISOs?
They seem to have amazing mid-term options (36-84 months), and I've seen them popping up more and more in statements. I'm with a very large ISO, we have agreements in place with most A-Paper lenders. Does Funding Circle take ISOs? And if so, what kind of commission structure do they provide? Do they allow PSFs? My team is huge and generates tons of volume -- and I feel like having Funding Circle in place could enable us to fund even more deals. Any information in this regard would be much appreciated!
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01-18-2024, 06:43 PM #2
However, once the loan is funded their direct sales people will start calling the merchant and cut you out of the renewals. I worked for a direct lender that used them for term loans and we cut them off. Clients would call me about Funding Circle calling them once a month for renewals.
You decide if you want to sign up with that kind of funder.
Reach out to TAB bank they do term loans through SmartBiz. Or use SmartBiz. If you decide to submit through SmartBiz I suggest you put "submit to TAB bank" in your submission. I've done that for Cadence bank through them and got funded for a SBA 7A in 25 days.
Oh and they're term loans up to 5 year terms typically.Last edited by Olderguy; 01-18-2024 at 11:46 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.
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01-18-2024, 08:04 PM #3
We use to work with FC years back closed millions with them, They cut off a lot of brokers and only worked with very large ISO for a time being. Not sure what they are doing now.
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01-21-2024, 12:59 PM #4
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