[aaron4235]

Has anyone ever done a deal with Utica? Was referred to them by Slim due to deal size. They dont have an iso agreement and was told they would write us in the contract.

[NickHubbard]

Has anyone ever done a deal with Utica? Was referred to them by Slim due to deal size. They dont have an iso agreement and was told they would write us in the contract.

Utica is legit. They are just expensive!

[aaron4235]

Tony can do multi million dollar deals....try him.

Tony Borchello
Director of Commercial Lending
[email protected]
888-211-2192 Ext:700
949-424-7277

How much is Tony paying you for all these ads?

I dont use super brokers. I build relationships with the companies myself. Its not hard to send a message on linkedin or give someone a call. I prefer to keep my commissions rather than share them. I have a 4 million $ file here i dont mind doing some paperwork lol

[aaron4235]

He is a direct lender and also has relationships with banks and off balance sheet funds.

You are misunderstanding the lending process. You don't have the experience level to see the bigger picture in lending.

Right now I have about 12 deals with him.

This just isn't what im asking.

[aaron4235]

What you are asking isn't relevant because your experience is just with MCA and working capital lenders.

What I am alluding to is higher level financial operations that you just don't have exposure to.

Thats a crazy statement. I have plenty of exposure to other products and sell them every day... I also have an MBA. I was asking about peoples experience using Utica as they don't have an iso agreement and say they will write you into the contract with the merchant.

[cannolimca]

You don't understand and don't have the experience.

So why not just make a phone call, ask questions and see if you can learn anything and then you can make an informed decision.

Does Tony ride on the front or the back of your motorcycle?

[cannolimca]

Actually he lives in Costa Mesa - 20 minutes away and my motorcyicle doesn't carry passengers.

So he rides you without the motorcycle. Noted.

[cannolimca]

He doesn't drink either.

Just dinner, no drinks?

[Yankeeman07]

Thats a crazy statement. I have plenty of exposure to other products and sell them every day... I also have an MBA. I was asking about peoples experience using Utica as they don't have an iso agreement and say they will write you into the contract with the merchant.

That generally tells you that they don't have or support a broker network.
I have 2 Banks that I write specific deals with - and they include my piece of the pie in closings.

No paperwork - except a 1099 at the end of the year -
It is a matter of trust -

[etci]

I have dealt with Utica going back to 2011. Even used them in an acquisition about 10 years ago. David and his team are all pretty solid. The one word of caution is to make sure that your fees are included from the start and written into the term sheet from the start.

[Sachip24]

Utica is legit for higher risk equipment financing. They are just insanely expensive and that exit fee when the deal is paid off is insane as well but they get the job done if no one else can.