Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Why should I avoid a broker or “rep” when seeking a merchant cash advance funding?

0
Posted

Why should I avoid a broker or “rep” when seeking a merchant cash advance funding?

0

Quite simply they add no value; they actually add time to the funding process and very often add cost. Because they simply throw your application over to another company for underwriting they have no control over the process – this places you one step further away from the underwriting team – the very people who want to understand your business. You will deal directly with our in house underwriters. Brokers and reps often charge finders fees and other “brokerage commissions” just for the act of faxing your application to multiple funding sources.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.