[Paperchaser]

offers, commissions, docs required, funding time, process and more....how would U rank these lenders

MCC
CAN
ARF
BB
GRP
GBR
BFS
Retail
Rapid
Snap
Swift
etc

[isaacdstern]

that's a strong list of heavy hitters

[Sean Cash]

Lists like these are like asking if people prefer Coke or Pepsi.

[Paperchaser]

sfs also

[Paperchaser]

and why is ysc brokreing most deals now

[isaacdstern]

Lol

[fundgorilla]

I'd love to see what the crowd has to say on this matter.

[mcg168]

Best at offers, funding time, commissions, process, docs, and everything else
CAN
On Deck

Good Pricing, Avg Commissions and HORRIBLE Approval process/Funding time
BB
BFS
ARF
Swift kinda falls into this category but their pricing isnt as good.

Then everyone else is below these guys

GRP and GBR shouldnt really be included in your list since they are just brokers are this point

offers, commissions, docs required, funding time, process and more....how would U rank these lenders

MCC
CAN
ARF
BB
GRP
GBR
BFS
Retail
Rapid
Snap
Swift
etc

[isaacdstern]

to not include Strategic in this list is nuts

[J.Celifarco]

MCC has got to be at the top or near the top of any list like this. For all around service hard to find better in my opinion. Ondeck and GRP close second for me

[Jared_Weitz]

Does SFS compete with industry pricing and service levels? I don't work with them so I am unsure.

[isaacdstern]

give it a year and Kalamata will be on this list as well

[mcg168]

to not include Strategic in this list is nuts

I think SFS and MCC are in the same category as Swift. Good pricing (when they feel like it) with an average approval process, slightly above average commissions and very average customer service. But they dont really do anything better than CAN or On Deck.

Retail, Snap, Sterling, Quick Bridge, ect are the next level. All great people to work with but their programs and process just arent the best in the industry.

[isaacdstern]

I can only speak for my 6 years of experience with SFS. We have always received the best customer service one could ask for and anytime there was an issue or a discrepancy they were fast to respond and resolve it.

[Sean Cash]

give it a year and Kalamata will be on this list as well

Agreed. I'm actually about to go meet up with Brandon from Kalamata in an hour. Great team. They're definitely up and coming.

[isaacdstern]

seeing him and Steve Mandis a little later today as well

Agreed. I'm actually about to go meet up with Brandon from Kalamata in an hour. Great team. They're definitely up and coming.

[mcg168]

give it a year and Kalamata will be on this list as well

They have very good programs and if your going head to head against one of their approvals, you'll probably lose the deal...but their program isnt for everyone considering they require a full tax return just to generate an offer. And we all know how even healthy businesses sometimes do not look all that healthy on paper (ie - Most restaurants, Automotive Repair, ect) in addition to how sometimes business owners are not comfortable sharing that info.

[isaacdstern]

agreed...only for a top tier merchant who is ok with the funding process taking a week...certainly not for a guy that needs the dough by COB today

They have very good programs and if your going head to head against one of their approvals, you'll probably lose the deal...but their program isnt for everyone considering they require a full tax return just to generate an offer. And we all know how even healthy businesses sometimes do not look all that healthy on paper (ie - Most restaurants, Automotive Repair, ect) in addition to how sometimes business owners are not comfortable sharing that info.

[WhoisKingsley]

Not only Strategic but Quarterspot isn't there... CapRock, and Kedma.

[Regium]

H Capital

[Jared_Weitz]

They have very good programs and if your going head to head against one of their approvals, you'll probably lose the deal...but their program isnt for everyone considering they require a full tax return just to generate an offer. And we all know how even healthy businesses sometimes do not look all that healthy on paper (ie - Most restaurants, Automotive Repair, ect) in addition to how sometimes business owners are not comfortable sharing that info.

I'm seeing them tomorrow, I think they'll get there. It just takes time to build data but Mandis is a smart guy, no doubt he'll get there.

[isaacdstern]

so many new players jumping into the space lately, i literally hear a new funders name daily and at least 5 new iso shops...wonder if the space is getting over saturated

[bizloanbroker]

yes it is getting crowded on both the funders and iso sides

The cost of marketing keeps going up so there is no way a small iso shop like myself can compete with the big boys

[Jared_Weitz]

yes it is getting crowded on both the funders and iso sides

The cost of marketing keeps going up so there is no way a small iso shop like myself can compete with the big boys

You should partner with a larger ISO who also funds, I am sure you can make a good deal. I myself strike deals with smaller shops all the time.

[mcg168]

so many new players jumping into the space lately, i literally hear a new funders name daily and at least 5 new iso shops...wonder if the space is getting over saturated

I feel like we are repeating the past in a way...Remember back in late 2008, early 2009 when the economy hit the fan and all the mortgage brokers thought they could jump into this space? The industry felt extremely saturated at the time. New shops started popping up all over the place and thought they could get market share by offering ridiculous pricing while all the regular companies sat back and continued to follow their formula that worked. At the time it stung a little because you would lose deals to these new shops, but eventually they found out they couldn't sustain their pricing. Then by 2010 you would constantly hear of these new shops going belly up.

This could be a similar cycle and with how saturated the industry is, these smaller funders will take on riskier deals to get market share...And once the defaults start piling up, they'll be in for a rude awakening.

Hopefully the industry corrects itself like it has in the past.