[MCAVeteran]

heres a segway back to the post by miked on pitfalls to watch out for- a large LOAN companies rules on ownership of lead-.....

Lead Ownership Rules....

you only have 5 days from submission to get any missing docs in or ANY partner can submit deal and take over credit for deal-

after a loan is paid off, if more than 90 days pass, another partner can submit and take over credit for deal-

90-days- if you dont send in deals over a 90-day period, all renewals are forfeited....

10 days- amount of a time an approval is valid- after this time- another iso can submit and take over credit on deal-

sounds like a lot of gotchas on how NOT to get credit for a deal.

[miked]

I don't remember posting that. Might have beens someone else. I have heard of losing rights to all your renewals if you don't send in deals for 90 days. What's the point of being an Independent Sales Office at that point if you are not really building something up independently? If all your future income hinges on the condition that you continue to do business with that company, then you're basically an employee of that company.

There are funders in this industry that think they control and own the merchants they fund even if it comes from an ISO. They go out and raise capital based on this value. At the same time, the ISOs think they control and own the merchants they acquire and the funder just happens to be a third party taking liability on the advance.

Just wait until one of these big funders gets sold or goes public. One of these parties will be in for a rude awakening.