Results 1 to 3 of 3
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02-13-2024, 09:34 AM #1
- Join Date
- Jun 2020
- Location
- Missouri
- Posts
- 60
LOC lenders
Which lender pays the highest commissions for LOC's?
Tom Harrier
Integrity Commercial Loans, LLC
broker@tomharrier.net
407-928-8542
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02-13-2024, 09:40 AM #2
- Join Date
- Feb 2017
- Posts
- 3,463
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.
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02-14-2024, 02:21 PM #3
- Join Date
- Nov 2019
- Posts
- 691
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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