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10-17-2015, 04:02 PM #1
Reputation points: 5023
- Join Date
- Apr 2015
- Location
- Florida, First MCA sold in 85/ WS in 76. CFP/RIA, series 3,6,7,8,10,63,Ins218,220.
- Posts
- 554
My biggest factors are AGR, Capital (Wells) and Crestmark. Can your's compete with those rates? Usually 90% upfront and 5% above prime or so. Sometime 4% above libor. 90 days before charge off. Balance when customer pays bank. I must admit even as a CFP I never understood the difference between a factor and an ABLOC, but I have factored for over 10 years mostly for staffing companies and my first MCA product sold was in 85 for Transmedia. He doesn't care about notification.
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