New Lease Program Enhances ISO Profits
Nothing takes the wind out of a sales force faster than obtaining an approved merchant account number, and then having a lease declined because of marginal or poor credit, not to mention the lost revenues to the sales office. Finally there's a "make sense" solution for lease declinations and heavily discounted fundings. It's Western Funding, Inc. (WFI), a well established player in "C" and "D" paper since 1962.
According to Dan Davis and Tim Seidenfeld, who put together this special program for the merchant services industry, it's a funding source for "declinations and leases of last resort."
"We can't promise 100% approval, but we're running in excess of 50% approvals. After all, where can you go with a declined lease if your merchant can't pay cash for their equipment? What do you have to lose?"
Key points are:
$ Same day approvals
$ Bankruptcy O.K.
$ Marginal credit O.K.
$ One lease rate fits all
$ Three year term
$ 80% funding with 20% reserve
$ Non-Recourse to ISO
If you'd like to turn your no-go deals into found money, contact Dan Davis or Tim Seidenfeld at 1-206-812-8300.
