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Shawn Porat

๐Ÿ‘ค Speaker
162 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
EP 470: How He Got 10,000 Interested In Product Before Launch with Scorely CEO Shawn Porat

And that's what, that's why we're partnering with multiple banks right now.

SaaS Interviews with CEOs, Startups, Founders
EP 470: How He Got 10,000 Interested In Product Before Launch with Scorely CEO Shawn Porat

So again, very, still very early stages.

SaaS Interviews with CEOs, Startups, Founders
EP 470: How He Got 10,000 Interested In Product Before Launch with Scorely CEO Shawn Porat

All these partnerships are kind of forming right now, but, uh, you know, there, there's a couple of different lenders out there.

SaaS Interviews with CEOs, Startups, Founders
EP 470: How He Got 10,000 Interested In Product Before Launch with Scorely CEO Shawn Porat

You have the traditional banks, you have nonprofit lenders, you have micro lenders, you have the alternative lenders, uh, like on deck, and then you have the merchant cash advances.

SaaS Interviews with CEOs, Startups, Founders
EP 470: How He Got 10,000 Interested In Product Before Launch with Scorely CEO Shawn Porat

So we're going to see like, how long do you want this long for?

SaaS Interviews with CEOs, Startups, Founders
EP 470: How He Got 10,000 Interested In Product Before Launch with Scorely CEO Shawn Porat

Do you want a quick two, three month loan?

SaaS Interviews with CEOs, Startups, Founders
EP 470: How He Got 10,000 Interested In Product Before Launch with Scorely CEO Shawn Porat

Do you need a five years, five years?

SaaS Interviews with CEOs, Startups, Founders
EP 470: How He Got 10,000 Interested In Product Before Launch with Scorely CEO Shawn Porat

So five year loan, are you using it, uh, for equipment financing or using it, uh,

SaaS Interviews with CEOs, Startups, Founders
EP 470: How He Got 10,000 Interested In Product Before Launch with Scorely CEO Shawn Porat

you know, to expand your business, you know, we're going to find out all the information.

SaaS Interviews with CEOs, Startups, Founders
EP 470: How He Got 10,000 Interested In Product Before Launch with Scorely CEO Shawn Porat

Okay.

SaaS Interviews with CEOs, Startups, Founders
EP 470: How He Got 10,000 Interested In Product Before Launch with Scorely CEO Shawn Porat

So then we're going to, we're going to go out to our lenders that specifically loan for those purposes.

SaaS Interviews with CEOs, Startups, Founders
EP 470: How He Got 10,000 Interested In Product Before Launch with Scorely CEO Shawn Porat

And then we're going to talk to them.

SaaS Interviews with CEOs, Startups, Founders
EP 470: How He Got 10,000 Interested In Product Before Launch with Scorely CEO Shawn Porat

We've got the best rates.

SaaS Interviews with CEOs, Startups, Founders
EP 470: How He Got 10,000 Interested In Product Before Launch with Scorely CEO Shawn Porat

We're going to automate that process.

SaaS Interviews with CEOs, Startups, Founders
EP 470: How He Got 10,000 Interested In Product Before Launch with Scorely CEO Shawn Porat

So you get pre-qualified automatically on our site and then you can move forward directly with them afterwards.

SaaS Interviews with CEOs, Startups, Founders
EP 470: How He Got 10,000 Interested In Product Before Launch with Scorely CEO Shawn Porat

For the more traditional lenders, the commission is much lower, usually to half a percent or less or 1%.

SaaS Interviews with CEOs, Startups, Founders
EP 470: How He Got 10,000 Interested In Product Before Launch with Scorely CEO Shawn Porat

For the alternative lenders, it's usually closer to 2% to 5%.

SaaS Interviews with CEOs, Startups, Founders
EP 470: How He Got 10,000 Interested In Product Before Launch with Scorely CEO Shawn Porat

Yeah.

SaaS Interviews with CEOs, Startups, Founders
EP 470: How He Got 10,000 Interested In Product Before Launch with Scorely CEO Shawn Porat

Yes and no.

SaaS Interviews with CEOs, Startups, Founders
EP 470: How He Got 10,000 Interested In Product Before Launch with Scorely CEO Shawn Porat

That's just one of our revenue sources.