[FUNd]

Maybe a little off topic but 2 lenders who won't steal your renewal and pay you regardless of how much volume you fund are: BFS and Fora. Both stand up companies. If you want to get paid and not get backdoored, I suggest either. Feel free to add more to the list.

[anonymous]

maybe a little off topic but 2 lenders who won't steal your renewal and pay you regardless of how much volume you fund are: Bfs and fora. Both stand up companies. If you want to get paid and not get backdoored, i suggest either. Feel free to add more to the list.

qs / iou

[Vfunding]

On Deck waives the remaining interest portion of the balance upon renewal, and buys out the principal balance with the new loan. This is for their standard term loan product not their LOC.

[Vfunding]

Also if your portfolio performs well and you have a good relationship with your funding source, many will do whatever it takes to help keep merchants happy and keep ISO's on board. You would be surprised how far a well performing portfolio gets you... We have seen funders who claim to only do full refi's do $200k+ add ons rather than buyouts for us. We've also have seen balance discounts on renewal for deals without an early pay incentive in the contract. Do business with good merchants, do business with good funders, and be professional and you will be offered benefits!

[Michael I]

On Deck waives the remaining interest portion of the balance upon renewal, and buys out the principal balance with the new loan. This is for their standard term loan product not their LOC.

yes but its a sliding thing where they pay off more interest in the beginning

[Michael I]

Maybe a little off topic but 2 lenders who won't steal your renewal and pay you regardless of how much volume you fund are: BFS and Fora. Both stand up companies. If you want to get paid and not get backdoored, I suggest either. Feel free to add more to the list.

bro read your iso agreement more carefully . if you don't fund one deal with bfs in 90 days you will lose the last 7 years of your renewal book. it is all theirs . for a large iso that won't happen but a small guy can have a couple of months of no a plus paper for them