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  1. #1
    Member Reputation points: 4934
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    Missouri
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    LOC lenders

    Which lender pays the highest commissions for LOC's?

    Tom Harrier
    Integrity Commercial Loans, LLC
    broker@tomharrier.net
    407-928-8542

  2. #2
    Senior Member Reputation points: 226125
    Join Date
    Feb 2017
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    3,396

    The best commissions you'll get from a LOC are for factoring. Monthly recurring residuals, they're just wonderful.
    If you set up a client with bank, you'll have to get a fee agreement, they don't pay brokers.
    Even Bluevine only paid 3, and Fundbox only paid 2.
    The higher the rates, the farther you are from a bank, the more likely they'll pay you something.
    I introduced you to someone who pays 8, and so far, that's the best I've found.

  3. #3
    Senior Member Reputation points: 10476
    Join Date
    Nov 2019
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    669

    Quote Originally Posted by MissouriBroker1 View Post
    Which lender pays the highest commissions for LOC's?

    Tom Harrier
    Integrity Commercial Loans, LLC
    broker@tomharrier.net
    407-928-8542
    My first position deals work sort of like a loc. When we renew the merchant we just add the new balances to the back of the old balance there payment stays the same and they do not pay on the new money until the old is finished. You can give them a 6 month term to start and keep anding on every 3 months. You can get paid between 8-15 points depening on the risk of the file.

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

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