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05-30-2015, 03:28 PM #1
- Join Date
- May 2015
- Posts
- 10
merchant loans
what type of businesses have you guys had most success with getting funded?
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06-01-2015, 10:32 AM #2
- Join Date
- Dec 2013
- Posts
- 4,713
At Cresthill Capital (aside from 2 industries) will fund any file that has the ability to demonstrate a "daily balance" and in that case will make an offer regardless it being Home based/High risk/Trucking/Solo owned/ Over leveraged / Hemp / Construction/ Seasonal / Tax issues / Low credit score / Files with 4K in deposits / Files with few deposits/ /Excessive negative days / Recently discharged bankruptcies (case by case)/ we even funded 2 months in business, Etc .... We now make offers in-few HOURS....and pay DOUBLE DIGIT COMMISSIONS !!!!!!
With that said, at cresthill we are seeing more then ever construction and trucking and Vape (vape not many deal wise but enough to stand out as funding 3 times as many in May then April).
Sign up today!!
http://cresthillcapital.com/index.html#isoLast edited by mcaguru; 06-01-2015 at 10:39 AM.
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06-01-2015, 10:49 AM #3
- Join Date
- Jul 2014
- Location
- Online
- Posts
- 965
I am going to be the Monday Morning Jerk.
You mean "Merchant Advance" right? The overly used word "Loan" needs to be stopped. 99% of the time you aren't offering a loan. This is very misleading and the jargon used and the way your sales tactics come across is what is hurting your closing ratio.
It is summer season. Google (or think) what businesses or areas do the most volume in the summer months. Research their industry to see if there is an alternate finance program that can help them get what they need to get by- don't just shove an advance with a 1.50 down their throat and expect them to recover before the season ends.
Chose a funder that has the best interest in mind for the merchants you will be assisting and use their program in your selling features - Early Payoff discounts, MFS Guaranteed Funding program, Factoring, etc.) don't limit your sales to quick MCA, quick commissions. Keep your merchant coming back to you for all of their financial needs!Amanda Kingsley
DailyFunder: WhoisKingsley
This is me. https://www.facebook.com/whoiskingsley
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Always Live and Lead with Integrity.
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