[ADiamond]

the lender shouldn't really talk though, charging 150% APR to merchants who are hurting for cash

Given the topic absolutely the lender should talk. Im not saying the iso shouldnt get paid im saying why would i waive my fee for them to charge theirs when theyre already being paid? To help them sell the deal? And their fee? Which drives the factor to up to 1.60+ in most cases?

150% apr for merchants that are hurting for cash....haha thank god for capitalism and equal opportunity. Thank god for lenders making money with all the unsecured risk they take after the iso gets paid and have no reliability. Thank god for 150% apr for merchants who prey on lenders, sometime with the help of isos. Thank god theres room for socialists like yourself in russia, or jobs available at macdonalds making $15/hr if youre unhappy with our business.

[Achfund]

FoxIso - kid - you sound new to the industry. never heard of you. keep your head down and work hard, no need to start threads just so you can get some attention. how's the raising the factor rate by 2 points working out for you?

[Fundyman]

This is the thing that makes the most sense. The problem being is that when I asked him about it he told me it was syndication. I would almost rather he had been lying about it then have him be pulling some crazy nonsense with syndication.

Well, what happens is on your contract with that ISO, I assume it should be clear there will be no non-compete, no stacking, or whatever solicitation on the broker's part. Hence, you can technically check him for having "stacked" another advance through that syndication, because from that answer he gave you, that's what it sounds like it is that really happened..