Results 1 to 25 of 25
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03-04-2015, 01:33 PM #1
Just lost a deal
A client we had up with IOU central just accepted a competing offer for 1.15 over 12 months. Who on earth is doing that?
Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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03-04-2015, 01:39 PM #2
There's a lot of direct sales happening today with funders and they don't have to sell buy rates plus commissions like ISOs do. Possibly that merchant went direct to a funder and utilized their inside sales.
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03-04-2015, 01:39 PM #3
- Join Date
- Aug 2014
- Posts
- 72
Kalamata?
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03-04-2015, 01:40 PM #4Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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03-04-2015, 01:51 PM #5
- Join Date
- Jan 2015
- Posts
- 127
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03-04-2015, 01:51 PM #6
- Join Date
- May 2014
- Posts
- 317
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03-04-2015, 02:12 PM #7
- Join Date
- Jan 2015
- Posts
- 127
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03-04-2015, 02:14 PM #8
- Join Date
- Jul 2014
- Location
- Jackson Hole Wy
- Posts
- 727
I know a couple of advance/lenders with rates like those but the min is 250,000 and the stips are almost like a bank. And they do work with brokers
What was the deal size? And your client should let you know who he went withLast edited by omegafund; 03-04-2015 at 03:16 PM.
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03-04-2015, 04:16 PM #9
- Join Date
- Dec 2013
- Location
- Connecticut
- Posts
- 332
Quarterspot comes to mind
Isaiah Clark
General Merchant Funding
Hartford, CT 06103
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03-04-2015, 05:46 PM #10
- Join Date
- Sep 2014
- Posts
- 430
I've seen several pretty aggressive 12 month deals over the last month or so. Some from bigger funders, and some from funders that make me wonder if they know what they are doing.
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03-04-2015, 05:48 PM #11
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03-04-2015, 06:12 PM #12
- Join Date
- Nov 2014
- Posts
- 96
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03-04-2015, 06:29 PM #13
By that math that's a 1.05/12. Did you mean $100k with a $115k payback on 12 months? Was it on their web bank loan program?
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03-04-2015, 06:39 PM #14
- Join Date
- Nov 2014
- Posts
- 96
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03-04-2015, 07:59 PM #15
10% APR... Jeez! That's good money!
Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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03-04-2015, 08:14 PM #16
- Join Date
- Aug 2014
- Posts
- 109
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03-04-2015, 08:44 PM #17
Just lost a deal
Direct Capital. .
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03-04-2015, 08:50 PM #18
It's closer to 10% APR. If there were no payments, it would be 5% APR.
Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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03-04-2015, 08:53 PM #19
- Join Date
- Aug 2014
- Posts
- 109
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03-04-2015, 09:20 PM #20
Just lost a deal
saw 1.13 over 12 the other day
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03-04-2015, 10:00 PM #21
What about dealstruck? Aren't they doing these low rate 12+ month deals too?
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03-05-2015, 11:06 AM #22jotucker1983Guest
Yes, there are companies doing this but the deal has to be give or take "bank clean" in order get approval at that amount, and those terms. It's also usually for larger clients as well.
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03-05-2015, 11:48 AM #23
- Join Date
- Jul 2014
- Posts
- 22
Taking the lead
No B.S
Forget IOU Ondeck CAN and all the others that say one thing and do another.
Quarterspot is doing big things.
You want exotic pricing ? We did a second pos max offer with them over 12 months at 1.24 including com
Just got a first over 12 months at 1.16 including com
And the best thing is if the merchant wants better than this, they have a pre pay addendum available. Pay early and payback less
I have closed same day with them. Limited stips. No games. They get paid to close deals just like us.
Christina your rocking.
Kevin, Chip keep it up.
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03-05-2015, 12:22 PM #24
Last edited by Zach; 03-20-2015 at 04:49 PM.
Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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03-05-2015, 01:18 PM #25
- Join Date
- Oct 2014
- Location
- NYC
- Posts
- 35
Thank you very much Tommy. QuarterSpot is working hard to drive down the cost of capital with fast and smart underwriting.
Thanks to a growing number of strong ISOs we are making progress on this goal.
If anyone would like to join our program please send me an email. partners@quarterspot.com
Thanks again Tommy.
Mike
917-924-2202
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