A short conversation on a question we hear from ISOs and independent brokers all the time: why send your merchant deals to Smart Business Funding? Watch the video, then read the details below. The conversation features our friends at @fundyourbizz on Instagram.
What brokers tell us matters most
When you submit a merchant, your reputation goes with the file. Brokers care about three things: speed, clear communication and knowing where they stand on a deal. Here is how our Direct Fund program is built around those needs.
- Direct funding. When a merchant applies with us directly, we fund the deal ourselves. When a broker submits the file, the broker stays in the picture and is paid under the partner agreement.
- Fast underwriting. Underwriting is usually 1 to 5 hours on a complete file, and funding is usually 24 to 48 hours from application.
- Real funding range. $10,000 to $5,000,000, for merchants with at least 1 year in business.
- Challenging files considered. We work with a minimum credit score of 500 and a soft credit pull only, and we serve a wide range of industries, including higher risk ones.
- Commissions. Up to 15% under our broker program. Details are in your partner agreement.
What happens when two brokers submit the same merchant
It happens, and we believe in a simple, transparent rule: whoever gets the signed documents back first gets the deal. There is no guessing about who “owns” the file. Complete the paperwork with your merchant quickly and the file is yours.
A quick checklist before you submit a deal
- Confirm the business has been operating for at least 1 year.
- Gather recent bank statements and a completed application so the file is complete.
- Tell your merchant the payment is a fixed daily or weekly amount stated in the written agreement, so the budget conversation happens before signing.
- Submit the file and stay in touch with your contact on our team.
Become a partner
Ready to send your next deal? Sign up as a partner or call 1-866-737-6278 (866-Re-Smart). You can also learn more about how our merchant cash advance works and review our transparent terms before you talk to your merchants.
All funding is subject to underwriting, approval and the terms of the written agreement. Timing, amounts and commissions vary by transaction.
Your next step
Start with our overview of every funding option and how the process works.
Apply nowBusiness fundingCompare all optionsApplying uses a soft credit pull only. Offers usually arrive in 1 to 5 hours on a complete file. All funding is subject to underwriting and approval. Call 1-866-737-6278 (866-Re-Smart).
