Different Lenders = Different Offers -- MCA 12 Months

**wally** · 11-17-2015, 04:57 PM

Sorry for stating the obvious, but I really learned today that different lenders offer different programs. I have a merchant looking for $30k. I had a few lenders just say no for bad credit or some other reason. One came back with $11,000 at 1.45 (4 months) and another with this really good 12 month offer for $30,000.

Just shows you need to have more than one source.

Advance: $30,000
Daily pmt: $160
Term: 12 months
Payback amount: $40,500

**MCAVeteran** · 11-17-2015, 05:39 PM

In the words of lemonis from the profit , your first offer should be your best offer.

**brokerCompany** · 11-17-2015, 05:40 PM

Originally Posted by wally

Sorry for stating the obvious, but I really learned today that different lenders offer different programs. I have a merchant looking for $30k. I had a few lenders just say no for bad credit or some other reason. One came back with $11,000 at 1.45 (4 months) and another with this really good 12 month offer for $30,000.

Just shows you need to have more than one source.

Advance: $30,000
Daily pmt: $160
Term: 12 months
Payback amount: $40,500

was that CAN?

**Carlo James** · 11-17-2015, 07:20 PM

What are some good lenders to get signed up with for b class paper and lower?

**Zach** · 11-17-2015, 08:10 PM

Carlo, I can introduce you to the best lenders in each category if you like. Feel free and give me a call or email any time.

**Everest** · 11-17-2015, 10:23 PM

Sent you a PM. Let's chat!!!!

**AndyYSCISOdept** · 11-18-2015, 08:07 AM

Originally Posted by Zach

Carlo, I can introduce you to the best lenders in each category if you like. Feel free and give me a call or email any time.

Zach I hope my name makes it on this list of yours! LOL

**Carlo James** · 11-18-2015, 09:48 AM

Andy shoot me an email

**AndyYSCISOdept** · 11-18-2015, 10:40 AM

Sent

Originally Posted by Carlo James

Andy shoot me an email

**Seth A** · 11-23-2015, 10:19 AM

Power up is currently one of the most active DIRECT FUNDERS . Although we do all types of loans from 1st - 4th positions, our niche is consolidating outstanding loans and lowering daily payments. The average loan in regards to consolidation is $185,000. Our family fund has allocated an additional $85,000,000 for future funding's. We are currently looking to expand and offering our ISO's 6 - 12 % points. Below I have provided an overview of our funding parameters.

- We look for credit scores 550 and above

- The only state we do not fund is CA,RI & TN

- The industries that we do not fund is CAR SALES, CONSTRUCTION GENERAL CONTRACTORS , LEGAL OFFICES & ACCOUNTING OFFICES.

- We cant fund sole proprietorship's ( has to be corp,llc etc.)

- We do all types of loans from 1st to 4th positions

- Our niche is the consolidations, where we look to consolidate outstanding loans and lower daily payments. Average loan amount on consolidations is around $185,000.

- Our loan amounts range from $20,000 up to $500,000

- Our rule is to come back every couple months with additional loans

Contact Info:
Seth A
P (516) 498-9890
F (516) 498-9894

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