Quote Originally Posted by J.Celifarco View Post
My numbers that I gave are just rough based on what I know of some of the people I speak to and by no means exact but I would guess I am definitely in the ballpark
That's pretty much the kind of input I was looking for. Out of the 3 scenarios, I would eliminate the independent offices of direct funders because they are the same company and focus on the other 2 types of brokers. Whether or not you are syndicating doesn't change the fact you are a broker in my opinion. Only when you directly and fully fund a merchant.

With all that being said, take away all the fly by night one man shops and the ones who disappear just as quick as the show up. What's the rough estimate of actual competition in the broker sector? 100 shops? 1000?