Trying to go out on my own as a new ISO
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  1. #1
    Senior Member Reputation points: 71496 Olderguy's Avatar
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    Plenty of lenders will work with start up ISO's. Use a super broker like FundShop for access to the "large" A paper lenders. But for SBA and equipment financing, you need someone experienced to help you as you aren't qualified to handle those by yourself. Reach out if you need help.
    Steve Benjamin
    Professional Business Loans

    522 Contessa
    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    Broker, Underwriter, general business loan expert
    949.228.1050


    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 9.5% and up
    @ Equipment financing up to 7 years
    @ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Private money equity and debt for major investments
    @ Personal Loans up to gross income from personal tax return.

  2. #2
    Senior Member Reputation points: 1755
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    I actually have the SBA, Equipment, and Term loan lenders onboarded. It seems like the "A" paper MCA lenders are the tough ones. I also need help with international Factoring lenders. Lastly, any advice on where I can find qualified dedicated leads?

  3. #3
    Senior Member Reputation points: 1755
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    @joshbr9 I don't see how you make such an ignorant blanketed claim without having any knowledge of me. I come to the forum to exchange ideas or look for help. You have seem to provide none of the above. I would appreciate it in the future if you kept your opinions on my company and what lenders I have to yourselff.

  4. #4
    Senior Member Reputation points: 302470
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    Quote Originally Posted by Ehenek View Post
    @joshbr9 I don't see how you make such an ignorant blanketed claim without having any knowledge of me. I come to the forum to exchange ideas or look for help. You have seem to provide none of the above. I would appreciate it in the future if you kept your opinions on my company and what lenders I have to yourselff.
    dude! take a chill ,re read what you wrote and what he wrote. He is helping you not attacking you

  5. #5
    Senior Member Reputation points: 1755
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    My apologies. Rough day.

  6. #6
    Senior Member Reputation points: 18826
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    Quote Originally Posted by Ehenek View Post
    I actually have the SBA, Equipment, and Term loan lenders onboarded. It seems like the "A" paper MCA lenders are the tough ones. I also need help with international Factoring lenders. Lastly, any advice on where I can find qualified dedicated leads?


    Co-broker some deals and try to have someone make an introduction for you, or you can reach out directly and let these A paper guys know that you have consistent and renewable source of quality deals, (but unfortunately, that's your current problem).

    You're seeing those results with your leads because you're getting the leftovers. You need an earlier look at your leads, before they've been descended on by 10-20 other brokers.

    You need to learn to convert cold merchants into prospects, you need to test more lead providers to find one that matches your sales style and/or business process, or you need to develop some relationships with middlemen like accountants or lawyers, that can give you referrals.


    It'll take time, or it will take a lot of money, or it will be somewhere in between. Keep in mind that while some people will give advice, you're basically asking competitors to help you increase your profits, which may simultaneously reduce theirs. So don't be surprised if everyone isn't jumping out the window to help you.







    www.UccRadar.com - Large volume merchants



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