WBL Funds $1,250,000 Business Loan!
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  1. #1
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    I recently had the pleasure of visiting WBL's NYC office and visiting staff and checking out each department. I feel that WBL has gotten such a bad rep from miscommunication and prior bad apples or just the main focus on what and how they do things. They truly are doing something right and are off to a great start on becoming the largest ISO in the U.S. The now program they offer along with future products and processes of "how to" will make a huge credible impact.

    What they offer as apart of WBL is unparalleled to any company in this industry. I think if more people took the time out to listen and understand like John did, there would be a different understanding of how great WBL really is in our space.
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  2. #2
    Senior Member Reputation points: 903 Scott Williams's Avatar
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    8% commission on a 1.25 million dollar deal is a nice payday for an ISO. I am sure they were very happy when that funded. Plus, if the factor rate was 1.20% (stated by WBL) then 8% commission is very good.

  3. #3
    Veteran Reputation points: 135672 Chambo's Avatar
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    Quote Originally Posted by Scott Williams View Post
    8% commission on a 1.25 million dollar deal is a nice payday for an ISO. I am sure they were very happy when that funded. Plus, if the factor rate was 1.20% (stated by WBL) then 8% commission is very good.
    the BUY RATE was around there.....1.24 actually.

    Now, some folks sell the deal at the buy rate and then just charge a Fee on top of that.

  4. #4
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    Quote Originally Posted by Scott Williams View Post
    8% commission on a 1.25 million dollar deal is a nice payday for an ISO. I am sure they were very happy when that funded. Plus, if the factor rate was 1.20% (stated by WBL) then 8% commission is very good.
    8% commission not a surprise on 1M+ deals. But a big difference than 1M commission, but heck if WBL can pay 1M commission to a single branch over lifetime on a 1.25M deal than they certainly have some creative investment strategies we should learn.

    I a sure WBL is a great fit for some and wish them well.

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