Is LoanMe going to disrupt our space?
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  1. #1
    Senior Member Reputation points: 10944
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    Does anyone know what the typical deal size their going after on this program is? I figure that even at 5% commission if the average deal size is 1MM then you're still walking away with some bucks, no? Sometimes it helps to put things in perspective. You do that 2X a year(on top of your other funding) and you've made enough money on those 2 deals to put yourself in a pretty decent income bracket.

  2. #2
    Quote Originally Posted by AndyYSCISOdept View Post
    Does anyone know what the typical deal size their going after on this program is? I figure that even at 5% commission if the average deal size is 1MM then you're still walking away with some bucks, no? Sometimes it helps to put things in perspective. You do that 2X a year(on top of your other funding) and you've made enough money on those 2 deals to put yourself in a pretty decent income bracket.
    They generally get my merchants for 1-2x Monthly income, depending on the credit tier they are in.

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