[Chambo]

Now has a "Premier" deal and a "Premier PLUS" deal....up to 15 points (though only paid 100% on the first 12 points)

It is the renewals that get me though. 60% commish on renewal (that's cool), but only paid on the net? I know another company that does that and wonders why folks aren't renewing

[Chambo]

Maybe Tony can shed some more specific light on the programs?

[MCAVeteran]

the par pricing model has been brought up a number of times by isos with funders who offer them. on the new commission, it works well as you get a par pricing rate over terms allowed, and, can upsell accordingly to close your deals and get your comm all upfront, but, on renewals, if you are being reduced by 30-50% on renewals, and, you are not in control of renewing the deal yourself, you are leaving the renewal up to the renewal dept. to determine your future revenues. it may be worth a negotiation initially on agreement to put a threshold commission % on renewals you would be willing to accept and any rates sold by renewals, regardless of term rate, would pay you that commission level. it is very common for merchants to expect a lower rate and better deal on renewals, so, having a reduction in renewals makes sense, to some extent. there is a fair way to do this pricing system.

[isaacdstern]

GBR funded a $855K deal for us today!!!! Thanks to John, Tony, Ali and everyone else who assisted in getting this bad boy funded!!!!

[Capital Stack]

GBR funded a $855K deal for us today!!!! Thanks to John, Tony, Ali and everyone else who assisted in getting this bad boy funded!!!!

sweet go ysc & gbr

[CO1]

Isaac you did it yet again man! I dont know who, when, where, why, how these deals are even possible! But congrats yet again bro!

[isaacdstern]

Thanks guys...really appreciate it...the GBR crew really stepped up here big time

[Sean Cash]

wow, what kind of businesses are these that are getting done for such a large amount? Are these multiple location deals or what?

[MCNetwork]

Out of curiosity, what kind of factor and term length was the deal?

[CO1]

wow, what kind of businesses are these that are getting done for such a large amount? Are these multiple location deals or what?
Out of curiosity, what kind of factor and term length was the deal? ALL VALID QUESTIONS!

[isaacdstern]

Large manufacturing type deal...doing 3-4mm a month 855k 145 factor over 18 months....GBR rocks!!!!

[MCNetwork]

Pretty sweet deal. Congrats!

[isaacdstern]

thanks man...really great deal and they handled it like champs

[tsyracuse]

It is all relative to rate. The companies out there paying on the full renewal are typically charging a higher factor rate than us and we are discounting the outstanding balance so the merchant is not paying double interest. We are paying 12 points upfront on a lower rate than most of the other guys out there. Call me for more details. 678.813.4727.

[tsyracuse]

Thanks for the kind words Isaac. You and your team are great to work with!

[Chambo]

Now if they can only fund my deals!

[isaacdstern]

bottom line boys and girls is GBR is getting it done on the large premium deals

[isaacdstern]

Tony and crew are looking at another MIL plus in funding for us for next week

[CO1]

Wait Isaac did you say another one?!

[Chambo]

he said that Tony & Co are looking at $1 million plus to fund for us next week...(first week of month)

[Sean Cash]

I don't think GBR gets as much credit as they should for the amount of big deals they fund. They're doing these million dollar sized deals for a lot more companies than just Yellowstone and they've been around for a long time.

I still refer to them as Greystone Business Resources

[Chambo]

They will ALWAYS be Greystone to me...

[isaacdstern]

not one deal for a mil but 3 separate that add up to 1.1MM

[CO1]

Now you are just bragging. haha. Good **** man. Honestly, I am jelous. haha

[isaacdstern]

lol..lol...John Konop will be back in NYC next week hanging out with us for most of it