[BigIz]

Most term lenders like FC and Dealstruck dont allow additional broker fees. So best of luck trying to get it done with them. They are good for the $150k+ deals for well qualified merchants who would laugh at a 1.39 offer and 10% broker fees.
10% ISO fee is just plain greedy and for real desperate or duped merchants. I guess that is why a lot of merchants shop and find the broker that does not charge those fees.
Regardless of the opinion on this, the board has become a great source for merchants and they can find out a lot about the company or broker they might work with..

Funding Circle allows you to charge a broker fee if you sign up on their 1.5% commission rate program (they give you 1.5% of their 3.49% origination fee). So you are saying I am greedy if I want to make a total of 8% on the deal?

Dealstruck pays 2% (3% if you close 5 deals) AND allows you to charge up to an additional 2% broker fee. So am I also being greedy if I make 5% on a deal?

I do not think me wanting to make 5%-8% TOTAL on a deal is greedy.

Do you not have an office with overhead? What about the outrageous cost of lead acquisition?

I understand 15%-20% but 5%-8%?

[brokerCompany]

Funding Circle allows you to charge a broker fee if you sign up on their 1.5% commission rate program (they give you 1.5% of their 3.49% origination fee). So you are saying I am greedy if I want to make a total of 8% on the deal?

Dealstruck pays 2% (3% if you close 5 deals) AND allows you to charge up to an additional 2% broker fee. So am I also being greedy if I make 5% on a deal?

I do not think me wanting to make 5%-8% TOTAL on a deal is greedy.

Do you not have an office with overhead? What about the outrageous cost of lead acquisition?

I understand 15%-20% but 5%-8%?

OK you may be on different setup, with volume you get 3%+ of the deal. Read I said 10% ISO fee is greedy
5-8% total is fine but in a cash advance that is already set in and you dont need to charge add if that is what you want to make.

[BigIz]

OK you may be on different setup, with volume you get 3%+ of the deal. Read I said 10% ISO fee is greedy
5-8% total is fine but in a cash advance that is already set in and you dont need to charge add if that is what you want to make.

FC has 2 commission structures.

The 2%-3% deal where you CANNOT charge an additional broker fee OR the 1.5% deal where you can charge a broker fee. I wanted to charge an additional 6.5% broker fee to make my TOTAL commission 8%. I would be upfront with the Merchant and tell them that there is a total origination fee of 9.99% BUT that they can get a lot more money, at a very low rate (compared to an advance) for a longer term.
I am not charging a broker fee on advances, just on a term loans.

I will only suggest a term loan to a merchant if I see they will qualify, want over 100K and longer terms.

I am OK with making 5%-8% TOTAL on term loans.