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03-01-2016, 09:19 PM #1
- Join Date
- Jun 2015
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- 3,325
Restricted industry
I feel like I am seeing more and more of lenders funding restricted industry when the merchant goes direct to them .
Anyone else seeing it also?
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03-02-2016, 08:18 AM #2
- Join Date
- Apr 2015
- Posts
- 297
I haven't noticed but it wouldn't surprise me.
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03-02-2016, 09:46 AM #3
- Join Date
- Sep 2015
- Location
- Miami, Fl
- Posts
- 148
It reduces the funder's cost by cutting out the iso, therefore reducing the risk if you ask me.
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03-02-2016, 09:57 AM #4
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- Jun 2015
- Posts
- 3,325
last week alone i saw 2 ondeck deals that were funded and are gc . an auto sales funded by bfs and real estate funded by swift . all were really low factors 1 or 2 points above buy rate .
i sent an email to my rep and he said no we never fund that industry
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03-02-2016, 10:55 AM #5
- Join Date
- Jul 2014
- Posts
- 1,746
Great way to give themselves exclusivity on a certain SIC. If you have the money, you call the shots I guess.
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03-02-2016, 10:57 AM #6
- Join Date
- Dec 2013
- Posts
- 4,713
If they want to believe it or not funders at the mercy of the ISO/Brokers on the street for many reasons. keep in mind even when a funding house funds a merchants directly they still are in the hands of an agent that will eventually come in contact with that merchant. The sooner the large lenders realize that the better they will adapt to that fact the better off they will be
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
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03-02-2016, 04:10 PM #7
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03-02-2016, 04:16 PM #8
- Join Date
- Jul 2014
- Posts
- 1,746
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03-02-2016, 04:21 PM #9
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03-03-2016, 11:34 AM #10
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