Please go to [url removed, login to view] and review. We loan money to small and medium sized businesses in the USA. One of our loan products competes directly with “merchant cash advance”. We do pretty much the same thing except we are 50 to 80% less expensive than the cash advance companies.
We buys leads – called “UCC” leads. These are companies who currently have or have recently had a merchant cash advance. These leads have complete contact information about the company, the amount of business, number of employees, who is the lender on the cash advance, etc. etc. etc. They are not inexpensive.
What we do is contact the owner and gather the information about their current loan. Many times we can “refinance” that loan for them and save them quite a bit of money. Contacting the owners is time consuming as they are busy people. Hence the reason for this ad. In addition, we are looking to grow as we are getting more and more lenders and hedge funds to work with us as our success is getting known.
Our average loan amount is $42,438 USD. We are funding right at 1(one) loan per 100 leads given out.
If you have ever made calls before, you will know how long it takes to work 100 leads.
Compensation is as follows and depends on your experience level.
For calling and gathering the basic information, you are paid 50 BP on the funded loan amount. 50 Basis Points is also defined as ½ of 1%. On the average loan that is $212.19.
With experience or training, when you can contact the owner and explain our services well enough to get them to fill out and send in the application with the required documentation – this also pays 50 BP. In addition, of course, to the above – or $424.38 total. Once they send in the application – we take over from there. Little or no follow up is required on your part – unless we need help in getting some document underwriting has requested – but normally we do all of that.
As mentioned, we need to grow and need help. If you recruit and train someone (with our approval and help) you are paid 50BP on whatever loans they do – understanding this is not added to your base commission on personal business. Meaning on the loans they fund through their efforts you make $212.19 on the average.
We fund loans 7 to 10 days from receipt of the application. Commissions are paid out twice per month.
The average client comes back an average of 6 times for another loan after paying off the first one. So they are a source for new business in the future, and it is wise to keep track of your clients. In addition, some will not do anything next week, but will become a client in the near future – as in 3-6 months.
Notes: We use Xoom to pay our people outside of the USA. Inside the USA, we prefer direct deposit into a Bank of America account if possible. All transfer fees are deducted from commissions – Xoom is cheap. Go to [url removed, login to view] to see the rates. All VoIP charges and or phone charges is the agent responsibility. English is required as a first language and you must have a good command of it. Bi-lingual with Spanish can only help.
Notes to TM managers and companies. Many times TM companies have politely explained how they can do this work on a hourly basis and save us lots of money. You are probably right. However, we are looking for long term relationships and having our people do really well financially. Please do not waste my time contacting me if this will be your proposal.
If by chance you already have your own list of businesses to call and will not need the leads we provide – then let's review this possibility as well. Would be more than happy to increase pay levels to offset the cost of the leads.
Yesterday a loan was approved for 150,000 USD. As mentioned the average loan is 43,000 USD. We have actually been hiring call centers who are paid our top level. The above sample pay is what you may expect from a call center. If you are strong, and experienced, or have people that fit - and have some experience with Merchant Cash Advance programs - I'd like to speak with you.
Our top contract pays 3% of the loan amount - so the above 150 loan is paying out 4500 USD. As mentioned the average loan made is 43,000 which pays 3% as well - almost 1300 USD.
9 freelancers are bidding on average $288 for this job
Hi Mr. Faris, We are interested on your campaign presented. I have seen your site and we'd be in touch afterwards. Kindly see PMB for more details on our bid. Thank you so much for the opportunity presented.