Results 1 to 14 of 14
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05-17-2017, 11:21 AM #1
- Join Date
- Jul 2016
- Posts
- 6
Application Referrals
Which direct lenders out there have a referral program similar to Ondeck's, which has their own sales team to close deals and don't require a full application. Ondeck pays 5% of the funded amount on leads you submit and they close. Any other direct lender have this type of program?
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05-17-2017, 11:38 AM #2
- Join Date
- Jul 2015
- Location
- Tampa Florida
- Posts
- 503
We have something similar. Have to be CC split deals only. We can offer CDA/Lockbox or convert their processing to Sterling Payment.
Jason H l Sales & Business Development
Quikstone Capital Solutions l Tampa FL
Direct Line & Mobile 813-371-8233 l Fax 813-371-8233 l Text 727-492-8812
Jason.Hausle@quikstonecapital.com
www.quikstonecapital.com
Direct Lender Since 2005
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05-17-2017, 11:39 AM #3
- Join Date
- Dec 2013
- Posts
- 4,713
Pm me. ..I NEVER focused on this model for MCA brokers/ISO's I do have one of the largest Leasing companies and a few SBA houses send me referrals and I have 1 desk that does the A-Z and we pay on every funded deal a very Hefty split for NO WORK other then lead (FULL TRANSPARENCY FROM LEAD-TO-CLOSE) .... I call it the "couch potato model". If someone wants this model please reach-out by email. (did not think MCA people wanted this approach)....
Last edited by mcaguru; 05-17-2017 at 11:46 AM.
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
覧覧覧覧覧覧覧覧覧覧覧覧覧
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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05-17-2017, 12:36 PM #4
- Join Date
- Jun 2015
- Posts
- 3,326
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05-17-2017, 02:07 PM #5
- Join Date
- Oct 2016
- Posts
- 4,318
Empire funding has a similar type of program. They take the lead and work it from beginning to end. Only problem is they'll pay you Zero points. But other than that.
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05-17-2017, 04:44 PM #6
- Join Date
- Aug 2016
- Posts
- 831
How do i get signed up for that? to make 5% on all deals and not have to worry about paying a rep or down selling to win the deal is awesome.But i have the same question as michael,how do you track to see what turns into a submission and what funds?Also what does on deck do with the ones they bring in and gets declined?
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05-17-2017, 05:07 PM #7
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,508
NYCMaxFun,
We don't offer cash advances, but are direct lenders. We offer flexible working capital solutions in the forms of factoring and asset based lending. www.seacoastbf.com is our website. We are owned by Seacoast National Bank www.seacoastbank.com. We pay referral fees on factoring facilities that close. Our referral sources can be as involved as they want to and we typically pay up to 15% of the net spread over the life of the client. Net spread is the cost of our capital vs. what we charge the client. Our cost of capital is extremely low which affords us the ability to price facilities very aggressively.
Personally I like loan advisors to be involved as much as possible, but also realize that some run very busy practices and can't be involved in every deal or deal call. We do keep all referral sources in the loop on the entire process and post closing send out monthly statements detailing exactly what the client did that month and fee breakdowns.
Best,
Kevin
Kevin.Henry@SeacoastBF.comKevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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05-17-2017, 06:44 PM #8
- Join Date
- Nov 2014
- Posts
- 438
LoanMe Business
949-535-7798
Email: Business.Loans@LoanMe.com
www.loanme.com/SBL-partner
1900 S State College Blvd. Suite 300
Anaheim, CA 92806
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05-17-2017, 09:33 PM #9
- Join Date
- Mar 2016
- Posts
- 186
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05-18-2017, 12:58 AM #10
lol
Sean Hawley
CEO
BLF
Bright Light Freight
shawley@brightlightfreight.com.com
631-210-6327
SBA, Term Loans, LOC, MCA & Equipment Finance (Transportation & Trucking)
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05-18-2017, 07:57 PM #11
- Join Date
- Apr 2017
- Posts
- 22
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05-18-2017, 08:05 PM #12
- Join Date
- Jul 2015
- Posts
- 1,202
What does 36% represent Eric?
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05-18-2017, 08:07 PM #13
- Join Date
- Feb 2016
- Posts
- 2
I heard they had a VIP Advisor program that was paying higher? Any word on that?
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05-19-2017, 08:04 AM #14
- Join Date
- Feb 2017
- Posts
- 3,463
fundomate.com
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