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  1. #1
    Senior Member Reputation points: 2241
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    List of lowest cost funders for first positions and stacks

    (RIP) CAN CAPITAL - First Position - Buy Rate 1.16 - 12 month term - 5 points commission - no origination

  2. #2
    Senior Member Reputation points: 2496
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    1.15 for 12 months with 12 point up sell 1.2% fee
    1.20 for 6 months with 12 point up sell 1.2% fee
    David Obstfeld
    Chief Executive Officer
    SOS Capital
    1330 Ave of the Americas, NY, NY 10019
    212-235-5455
    SOSCapital.com

  3. #3
    Karen37a
    Guest
    Are you asking for a list of the low cost funders? Or just some of the rates?

    Some had the rate down to 1.13, then moved to 1.16-8 with 5 point cap on commission and % discount on renewal for double dipping. 1.21 ,12 months, cap at 10-12% , some with no underwriting fees , some with additional underwriting allowed built in with a split or no split, pre payment adden sometimes allowed, some with weekly payments. ( case by case basis )

    15-18 mths .. allow for the time value of money, factor in additional risk and turnover of money potentially lost. Strong files. Prepare to be nagged for a renewal at 6 months. A few companies do not allow for additional psf fees because they can build it in to the price of the advance. Its better that way anyway. Some charge it but will not share it or give half.

    Stacks the same I only stack to get the client away, I do not stack myself I wait for renewals. 4-6 month seconds7-10...12 on a strong file, hard to do.

    Like you said I am a newbie, ill save you from the bad newbie advice or answers. Not sure if its a volume/ preferred broker discount, if you have high renewal ratios and low to no defaults that might help get better offers. Maybe some of the veteran's will give away their specific secret sauce in regards to pre-underwriting which is the key to their success. Doesn't make them money so I cant see why most will unless you are friends with them or civil
    Last edited by Karen37a; 04-21-2017 at 03:13 PM.

  4. #4
    jotucker1983
    Guest
    Quote Originally Posted by GSilverman View Post
    (RIP) CAN CAPITAL - First Position - Buy Rate 1.16 - 12 month term - 5 points commission - no origination
    Well, the first thing you can do is build you a list of quality A/B Funders. Now, your merchants still have to qualify for their programs in order to qualify for the lower cost factors.

    A merchant can come to you talking about he doesn't want to pay higher than a 12 month 1.15, but if he has anything lower than a 700 FICO, doesn't have extremely clean bank statements, doesn't have good financials, and if he has any type of tax lien out there........he doesn't qualify.

  5. #5
    Senior Member Reputation points: 99227 ridextreme's Avatar
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    1.06 is the lowest I've seen

  6. #6
    Senior Member Reputation points: 5110 LJH365's Avatar
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    Are these your rates? If so please PM me.
    Sean Hawley
    CEO
    Bright Light Funding
    Bright Light Freight
    shawley@brightlightfunding.com.com
    631-827-3847
    Term Loans, LOC, MCA (focus on Transportation & Trucking)

  7. #7
    Senior Member Reputation points: 5110 LJH365's Avatar
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    Quote Originally Posted by soscap View Post
    1.15 for 12 months with 12 point up sell 1.2% fee
    1.20 for 6 months with 12 point up sell 1.2% fee
    Are these your rates? If so, please PM me.
    Sean Hawley
    CEO
    Bright Light Funding
    Bright Light Freight
    shawley@brightlightfunding.com.com
    631-827-3847
    Term Loans, LOC, MCA (focus on Transportation & Trucking)

  8. #8
    Karen37a
    Guest
    I'm shocked , didn't think it was possible anymore.

    Have a great weekend everyone.

  9. #9
    Senior Member Reputation points: 2995 Matrix1's Avatar
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    Rideextreme, how long ago was that 1.06 and what was your add on and did it get funded? I ask that because as a first A paper. Have you recived that offer lately or are we just talking in geneal

  10. #10
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    Lowest Rate for A- B Paper Stack - Quaterspot....any others?

  11. #11
    Senior Member Reputation points: 3217 CO1's Avatar
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    List of lowest cost funders for first positions and stacks

    Strategic Funding gave us 1.04 buy rate once!

  12. #12
    Senior Member Reputation points: 2241
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    sure

  13. #13

    List of lowest cost funders for first positions and stacks

    Funded 2 merchants with TBB's semi monthly debit program 1.13 buy rate 12 mo term.

  14. #14
    Senior Member Reputation points: 3217 CO1's Avatar
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    List of lowest cost funders for first positions and stacks

    Yeah I got an approval like that the other day from TBB.

  15. #15
    Senior Member Reputation points: 1258
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    Quote Originally Posted by GSilverman View Post
    Lowest Rate for A- B Paper Stack - Quaterspot....any others?
    iou!!

  16. #16
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    Gail, I sent you a PM.

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