[Quickfunder]

Wondering what my expectations should be on commission for financing purchase orders. Does anyone have much experience doing these, and what do you consider fair?

[Jared_Weitz]

Wondering what my expectations should be on commission for financing purchase orders. Does anyone have much experience doing these, and what do you consider fair?

Normally it's about 15% of the finance charges the lender gets. That's if you also don't get a piece of the upfront fee they charge too

[bdshaw]

PO deals are tricky.
I agree with Jared but many times you can earn several times that amount.
Bob Shaw
734.929.3800
rshaw@advancecredit.com

[Quickfunder]

Thanks. Can you explain how that works?

Is it 15% of what the lender is bringing in monthly, or off the top? What up-front fees are we talking about?

[Jared_Weitz]

Thanks. Can you explain how that works?

Is it 15% of what the lender is bringing in monthly, or off the top? What up-front fees are we talking about?

well let's say its a 90 day deal and the lender charges 2% a month, then you'd get 60bps (basis points) plus (and this is only if you negotiated it upfront) a % of the fee they collect which is usually 1.5% of the amount they get the merchant.