ISO deal, can you recommend a good company?
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  1. #1
    Quote Originally Posted by Cashfunder01 View Post
    I continue seeking a ISO deal with a serious company, I can provide good volume however I dont want work with companies that have clawback if your company dont have this and meet my requeriments contact me inmediately

    Thanks
    Ill Take your deals , dedicate a highly skilled closer just for you from my sales team. We will instruct you on how to screen the leads and make them deals. If this is of your interest we can move to a second step. Let me know

  2. #2
    jotucker1983
    Guest
    Cashfunder,

    I'm in BOLD below:

    Quote Originally Posted by Cashfunder01 View Post
    Hello I have some experience in this industry, in the recent past I was working with a broker the problem is their team get the paperwork and close the deal, but they are facing problems to approval, close deals fast and I know that close a deal dont take more than 7 days or even less,

    How do you know this? How do you know it takes 7 days or less to close ANY file? Just curious.


    Well, now I am study the MCA lenders, companies to work and send my deals, my business model is telemarketing so I have a team and centers generating leads through telemarketing, we generate new leads daily and what I seeking is a company to work that pays me good commisions, can do several positions loans, have a good customer retention, and have fast approval system

    At the moment my team only generate leads so I dont have closers, but I can hire a team to get the paperwork and close the deals also if the commision is good

    So you just generate leads? What do you define as a lead? Is it a completed application/statements, along with a screened merchant such as their fico score estimate, number of NSFs in the previous 6 months, any current liens, etc.? Or is it everything I listed without the completed application/statements? Why do you just generate leads? 95% of the business is being able to generate a high amount of quality leads consistently, why don't you close your own deals? I have always had this question with lead generation companies in general, if you can consistently produce what you deem "quality" leads, then why don't you setup your own Broker Agreement and send the paperwork in yourself?


    so in resume I seeking this

    1-10% or more commision per deal closed

    2- can do several positions loans

    3- good customer retention

    4- fast approval system (the same day or 24 hours approvals)

    5- fast commisions payout through bank transfer

    6- good MCA rates for merchants

    7- have a team of closers (if possible as option)

    8- Pay the same commision on renewals that you pay for the first money advanced


    You want 10% in commission along with "good" MCA rates? As in "good" I assume you mean premium pricing? That's not going to happen. In regards to getting an approval within 24 hours, it depends on the file as well as what's going on within your Lender's Underwriting Department that particular day/week. Good customer retention is your job, the lender should be handling the management of the payback procedure as well as have a Customer Service Department, but it's your job to follow up with your client to make sure they have having a good experience. And again, why don't you close your own deals?

    I am review some companies now can capital, cresthill capital, snapadvances, Yellowstone but I would like know what options you can recommend me, I think that will provide good business volume weekly to my principal MCA company, however I would like work with some lenders for more funding options and rates let me know

    Another recommendation that I have is that you should really work on your grammar, spelling and punctuation. It's why I personally believe our industry's door is too wide open, you have people just walking in that can't formulate a concrete sentence, yet they are demanding 10% commissions on multiple stacked deals. It would help that if you are going to ask for 10% commissions that you actually spell commission properly. Don't mean to be a prick, just sharing my personal viewpoints.

    Thanks

    Gabriel
    Last edited by jotucker1983; 02-25-2015 at 10:01 PM.

  3. #3
    Quote Originally Posted by jotucker1983 View Post
    Cashfunder,

    I'm in BOLD below:
    Ok John first of all maybe my grammar is not the best because english is not my native language but I dont think that this business will run only with people that have "good grammar" LOL

    regarding close my own deals, I would can do it however I am starting so prefer use the company closers that have more experience and skills that closers that I can hire at least for now

  4. #4
    jotucker1983
    Guest
    Quote Originally Posted by Cashfunder01 View Post
    Ok John first of all maybe my grammar is not the best because english is not my native language but I dont think that this business will run only with people that have "good grammar" LOL

    regarding close my own deals, I would can do it however I am starting so prefer use the company closers that have more experience and skills that closers that I can hire at least for now
    Well, I have been in this business for over 8 years and I can tell you, the landscape is extremely competitive right now and merchants have become more restrictive on whom they allow to work their deals. When you approach a merchant with an email that has sentences and paragraphs structured similarly to how you type on this Forum, most merchants won't take you seriously. You might say that's not "fair," but it is what it is.

    Secondly, you keep mentioning this concept of having someone else close your own deals, yet you want 10% commission on top of premium pricing? That doesn't line up with the current marketplace my friend which again, just shows you don't truly have a lot of experience. If you are just sending referrals, you aren't getting anywhere near 10% commission and if you are pricing merchants with premium pricing, you also aren't getting anywhere near 10% commission.

    If you produce quality leads like you say, then you need to work with an established Broker who can train you properly to close your own deals. Do that for about 1 or 2 years, then once you are properly trained and understand this business, then you can seek out your own Partnership Agreements as a Direct Broker with Lenders that fit your Business Plan.

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