Shawn Porat
๐ค SpeakerAppearances Over Time
Podcast Appearances
And that's what, that's why we're partnering with multiple banks right now.
So again, very, still very early stages.
All these partnerships are kind of forming right now, but, uh, you know, there, there's a couple of different lenders out there.
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.
So we're going to see like, how long do you want this long for?
Do you want a quick two, three month loan?
Do you need a five years, five years?
So five year loan, are you using it, uh, for equipment financing or using it, uh,
you know, to expand your business, you know, we're going to find out all the information.
Okay.
So then we're going to, we're going to go out to our lenders that specifically loan for those purposes.
And then we're going to talk to them.
We've got the best rates.
We're going to automate that process.
So you get pre-qualified automatically on our site and then you can move forward directly with them afterwards.
For the more traditional lenders, the commission is much lower, usually to half a percent or less or 1%.
For the alternative lenders, it's usually closer to 2% to 5%.
Yeah.
Yes and no.
That's just one of our revenue sources.