[TheShitzuofMCA]

Hello MCA Community,

Friends, Romans, country men, lend me your ears! Nextwave Funding has dropped its rates..Why would you as an ISO want to work with Nextwave Funding? Nextwave Funding is an industry leader and one of the 1st direct funders in the MCA industry. We are very well funded, no delays ever on your wire for lack of funds. Our rates are competitive; We offer your merchants 6 distinct products covering a wide range of credit scores and funding amount of up to $500,000. Nextwave offers weekly ACH debits and is one of the best when it comes to credit card deals (split with everyone). We offer you an experienced business development team that is hands on and available 24/7 to you and your team. Our ISO department manager is a former Director of Underwriting who’s priorities are to close on deals, provide expediting, & resolve your questions or concerns. Nextwave has talented and fully staffed operations team, we have invested in technology and use CRM. Our turnaround time on files is within 2 hours, our goal is to beat every other 1st position offer. Take advantage Nextwave is offering consolidations of two positions and payoff of open balances. Lets have an amazing 2016 $$$.

[Chambo]

Industry leader & one of the first in the industry?

[FCF Fund]

Pros:

Industry experienced, solvent company, competitive rates / commissions


Cons:

UW on deals 50K+ are similar to bank loans and very conservative so offers are killed or reduced by half after financials are submitted. Staff is complacent and lackadaisical. Slow turnaround from submission to funding.



My opinion: streamline the processes and consolidate positions, carry accountability to employees.

[TheShitzuofMCA]

Pros:

Industry experienced, solvent company, competitive rates / commissions


Cons:

UW on deals 50K+ are similar to bank loans and very conservative so offers are killed or reduced by half after financials are submitted. Staff is complacent and lackadaisical. Slow turnaround from submission to funding.



My opinion: streamline the processes and consolidate positions, carry accountability to employees.

Good points FCF, you should give us a try again. We have changed our internal operations, we heard the complaints and made an effort to resolve. There was a general lack of hunger from the staff I wasn't use to seeing. Definitely some fresh blood was added, ownership took notice and we have undergone changes. We are consolidating two positions at the moment, and our turn around time was drastically reduced. Thank you for your feedback, we are still not perfect so feedback is greatly appreciated.

[TheShitzuofMCA]

Industry leader & one of the first in the industry?

7 years now Chambo, originally Genesis Capital....

[Chambo]

7 years now Chambo, originally Genesis Capital....

I know who they are...was just questioning that statement

[HFS]

Ive worked personally with Joe Johnson, the new COO on a few large deals; If it makes financial sense, he will fund it on a good buy rate paying 12 points. Cant never go wrong especially on the whales.