[Kevin Henry-Seacoast]

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?

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.com