Merchant Cash Advance Leads
What Makes Synergy’s Merchant Cash Advance Leads So Different?
Our Center of Attention Is On Lending Leads
Synergy specifically generates merchant cash advance leads for lenders and brokers. That’s all… We literally don’t do anything else!
In other words, we don’t sell insurance leads, solar leads, or personal loan leads. This means we understand the merchant cash advance industry more than other lead generation companies that produce leads for multiple industries. To master advertising in the lending space you’ll need to understand the mindset of the borrower and also acknowledge the lenders minimum expectations to fund these merchants.
We Understand The Perspective Of A High Risk Merchant
What is the mindset for the borrower? First you have to define this type of merchant. These business owners are seeking alternative funding because they’re not going into their bank right now. They’re searching for alternatives online and speaking to funding companies because they’re not going to get approved by their bank. This might be because of credit, banking history, or other factors that might be out of their control. But we can definitely define this type of borrower as higher risk.
If we know this person is high risk than we can expect their mindset to be one of desperation. They might have been told no by the bank already. Some other business loan providers might have turned them down for an SBA, a term loan, or a line of credit. Therefore, they’re running out of options. They just want someone to come to their rescue and give them a chance.
We Understand The Lowest Underwriting Expectations The Lenders Have
We know what the business loan lenders are looking for. The alternative funding space is still the wild west. There are few regulations and the industry changes all the time as more data is gathered about default rates and key performance indicators. So it’s important that your lead generation company recognizes the lenders perspective. After all, what good would it be to buy leads that never get approved?
We appreciate the underwriting criteria that these lenders have in place because they’re in business to make money. They can’t make money if everyone defaults on their business loans. So they have some minimum underwriting criteria to act as a guide for evaluating the risk levels of different merchants. Higher risk means the business owners pays for interest or a higher factor rate for the loan. Alternatively, lower risk means the business owner pays less.
That being said, everyone is not fundable! All fundable clients must meet some basic minimum standards of risk. What are those minimum standards? That really depends on the lender because each lender has their own set of underwriting criteria that they deem to be important. Some lenders are more tolerant of credit score related problems because their underwriting is highly weighted towards what they see on the bank statements. Other lenders are more interested in credit related factors.
Our merchant cash advance leads are pre qualified for a 500 minimum credit score and $15,000 in monthly revenue. We ensure that each merchant has a business bank account and that they’re an owner of the company. Lastly, we confirm that they have no previous bankruptcies, defaults, or judgements.
Synergy’s Precise Advertising Strategy
What makes a targeted marketing approach when it comes to merchant cash advance leads? Firstly, the lead should be looking for funding rather than being convinced that they might be interested in a business loan. In other words, there should be real intent from the borrower.
Maybe the business owner completes a free evaluation form. Perhaps the lead replies to an email that they’ve received offering alternative types of business capital. Or the merchant cash advance lead might call into a call center after seeing an ad on Google. This is real intent and it’s critical for your success as a broker or business loan lender.
Our lead strategy focuses around a full comprehensive marketing approach. We’re skilled and experienced in internet marketing, email marketing, click funnels, Google Adwords, SMS, telemarketing, and AI marketing. We collect merchant cash advance data from the best publishers in the industry and scrape the internet and append merchant cash advance records for the highest levels of accuracy.
Phone Authentication of Merchant Cash Advance Leads Details
Synergy enriches our leads with the most recent and valid details about the borrower. We achieve this through our team of more than 200 telephone agents. We need to know how much revenue they deposit per month right now. It’s important that we have a fresh credit score and confirmation that the lead has a current need for funding. These phone agents pre-qualify business owners to ensure they meet some basic minimum underwriting criteria.
Our agents goal is to send a broker or lender an merchant cash advance live transfer. However, some leads don’t have time to complete the live transfer process after a lengthly qualification call. So those leads will be sent to our real time merchant cash advance lead clients. These are call back leads similar to an appointment.
Both of these are high intent opportunities that are ready to submit a funding application and bank statements right now. That is to say, they’re not just shopping around for information. As you probably know already – time can kill a deal. So you’ll need to strike while the buying temperature is red hot!
High Intent Business Owners Looking For You Right Now
How important is intent? A lead’s intent is a critical for great merchant cash advance leads because time can change everything in this industry. As you know, these business owners have to be desperate if they’re going to pay higher interest rates or factor rates. But they also have to some issues if they are searching for alternative types of funding. To put that another way, they can’t go to the bank so they’re actively looking for someone that can work a miracle for them.
This is what you need to be looking for in an merchant cash advance lead generation company. Otherwise you’ll be buying from an merchant cash advance lead source that cold calls, creates interest out of thin air, and pushes the lead through just to reach some performance metrics. Have you ever cold called for merchant cash advance leads in this industry? Have you had success trying to convince someone that they need money for their business even though they say it’s not important right now? It’s completely backwards right?
What Types of Merchant Cash Advance Leads Does Synergy Offer?
Aged Merchant Cash Advance Leads And Merchant Cash Advance Data
Synergy offers our many different types of merchant cash advance leads. Some clients buy leads to use for text message campaigns. Other clients might want to focus on a cold calling approach. Alternatively, some clients may want to buy merchant cash advance leads for email marketing. If any of these three sound like you then our aged merchant cash advance leads are exactly what you’re looking for!
These merchant cash advance leads are perfect for someone that uses marketing platforms like mail chimp, constant contact, AI programs, or text message programs such as drop… These aged leads are very affordable and often bought in bulk.
What Ways Can You Use Aged Merchant Cash Advance Leads?
- Cold Calling
- Email Marketing
- SMS Messages – Be Careful of TCPA
- Ringless Voicemail – Be Careful of TCPA
- Search Engine Marketing – Upload Lists For Optimization
- Social Media Advertising – Look-A-Like Audiences
- Direct Mail
- Paid Ads on Other Websites
- A.I Campaigns
Real Time Merchant Cash Advance Leads
Our real time merchant cash advance leads are phone verified, pre qualified, and have the highest close rates of any lead in the industry. These leads have high intent and have just spent more than 10 minutes going through a pre qualification phone call with a live agent. We know these merchant cash advance leads are highly interested and highly motivated to obtain funding for their company. Real time leads are either merchant cash advance live transfers or appointments. Live transfers are the most premium lead that Synergy offers. Of course, appointment leads are call back leads. Therefore, most of our clients prefer live transfers where each lead is pre-qualified, interested, and on your phone right now!
Custom Lead Campaigns
Synergy’s regular business loan options are highly effective for 95% of our clients. However, no two businesses are the same. For this reason, we develop CUSTOM strategies for lenders and brokers who need them. We offer aged leads, appointment leads, live transfers, dialer solutions, virtual agents, and Internet marketing. So maybe you want our agents to use our dialer and our data but use your custom script and qualifications – we can do that!
At Synergy, we know how important good merchant cash advance leads are for your business. That’s why we make it simple, reliable, and results-driven to help you grow faster with a strategy that you prefer.
UCC Merchant Cash Advance Leads
Many merchant cash advance lead providers sell UCC leads. UCC data is filed with the secretary of state when a loan is dispersed to a small business. Some lenders choose to file the UCC immediately. However, others may only file the UCC lien if the borrower begins to miss payments. This information is free on each secretary of state website. As a result, every lender and every broker calls these leads.
These UCC leads were a staple for every lender in the past. Anyone with access to a computer could get these UCC leads. Consequently, these leads for merchant cash advance are all over saturated, over called, and over sold. UCC filing leads are already used to the high interest rate or factor rate and understand the payback structure and details of a merchant cash advance. So there are some good things and some bad thing about these UCC leads.
B2B Data vs Aged Merchant Cash Advance Leads
Do your agents call business to business data? For example, are they calling leads from Info USA leads, Sales Genie data or Yellowpages online. You can acquire these merchant cash advance leads for almost nothing. In fact, if you have a programmer or scraper these might be free merchant cash advance leads for you. However, with this data you can expect to get a lot of cold leads. Many business owners wont want money, won’t be interested, and won’t even take your call. More importantly, you’ll waste so many hours hammering the phones to yield few results. It would be impossible to scale a business if this were your only approach.
What’s The Value of Your Time
How valuable is your time? In my experience managing hundreds of sales people I found it to be paramount that my skilled closers spent most of their time speaking with qualified merchant cash advance leads. Having them cold call would be a sure fire way to get them to quit and make a scene on their way out. But could this also be true with your newly hired reps or moderately skilled closers?
Let’s say your typical agent works eight hours per day and makes forty calls per hour. Not including break times, they can make 320 calls per day. Of the 320 calls, they will probably find 1% that “might be” interested in taking a loan. But many of the interested leads had to be convinced that they needed money in the first place.
After pounding the phones all day, your agent finds three people who might be interested. However, when the borrower sends in the bank statements and realizes it’s a short-term loan high interest loan – they lose their mind and stop taking calls. Does this sound familiar?
How Can Closers Save Time & be More Efficient?
Now imagine your sales people take 6 live transfers each every day. Our clients typically see a 50% application rate on the first call. This means that 50% of live transfers end with a completed application on the first call. So each agent should get 3 applications each day. But this happened on 6 inbound calls rather than 320 cold calls. So they have a lot of time to chase down old leads, old submissions, and old approvals as well. Do you think they’d be more productive and close more deals? If they take In summary, a better quality merchant cash advance lead will allow a salesperson to get the same results in half the time.
Our Competitors Do Things Differently
They’re Lacking A Marketing Strategy
First, why are there so many merchant cash advance companies out there? The answer is very simple… demand! There are a bunch of lead companies because there are a bunch of brokers. After all, this is a golden opportunity with ridiculously high commissions. Not only that but there’s no barrier to enter the market. You don’t need to get a brokers license because this is an unregulated industry right now. You don’t need a business license, insurance, technology, patents, or start up costs. All you need is the lenders to send your submissions to and a good lead vender.
But not all lead companies are the same. There are many companies that say they have the best merchant cash advance leads. They can’t all be right. So you’ll have to do some work on your end. Finding the right lead generation company is not easy. More than 75% of the merchant cash advance lead providers in the industry have a stale and inefficient marketing strategy.
In other words, most lead companies don’t pay for Google Adwords or alternative pay per click programs. Your typical lead generator doesn’t have the search engine optimization (SEO) knowledge or experience. Most of these lead companies have yet to put in the time to get organic traffic online. And we get it! It’s not a skillset that everyone has. Luckily for Synergy, we’ve been doing SEO and pay per click campaigns since 2010.
Email Marketing With Synergy vs The Competition
Email marketing is another pillar for Synergy’s success. There are some secrets and methods that we can’t give you here. But there are some things that all lead companies should have as a foundation. In order to guarantee success with email campaigns our competitors would have to be masters of these factors:
What’s Crucial For Email Marketing?
- List Segmentation & personalization: Data specific to the business loan industry based on behavior, demographic, or other personalized preferences. They can’t just use cold data.
- Relevance & Value Proposition: The content of the emails must be requested by or at least of interest to your targeted data.
- Compelling Subject Lines: If the business owners don’t open it you can’t even get a chance to get a lead.
- Mobile vs Desktop Design: The emails should be tailored to the device that is being used to read your emails.
- Clear Call To Action: Make sure the lead can see how to act.
- Automation, Timing, and Frequency: Automated emails should have a strategy or plan regarding how often and how many emails are sent to the same prospect.
- Testing & Data Analysis: Managing email campaigns requires A:B testing once a month to ensure that you’re putting out the best performing strategies which do change over time.
- Rotating Domains & IP Addresses: In order to reach more inboxes and stop having your emails end up in spam you’ll need to understand why rotating domains and IP addresses is critical.
- Adjustments: Managing a proper email marketing campaign requires the ability to read, understand, and adapt to key metrics such as open rates, click through rates, conversion rates, bounce rates, and unsubscribe rates.
Would You Like To Speak To A Human Being About Merchant Cash Advance Leads?
Schedule A Call With A Lead Professional Where We Answer All Your Questions!
How Can The Alternative Providers Generate Merchant Cash Advance Leads Without This Knowledge?
The only way for a merchant cash advance lead vendor to produce leads without their own marketing is to reload, rehash, or reboot previously sold leads. What does this mean? It means that someone has already talked to, submitted, pitched, or funded every lead. Often times these leads originate from another lead company. How can this impact your results?
Exclusivity is a big problem in the merchant cash advance leads space. If too many brokers are chasing the same lead it can cause significant problems. Firstly, if a lead is submitted too many times they might be automatically declined due to the number of inquiries on their credit. Secondly, if the lead is approved by more than one lender and broker you’ll have to drastically reduce your commission in order to make a competitive offer. Thirdly, many of these leads that originate from another lead source could be full of defaults. This is due to recycling the same leads over and over again. With this strategy it’s inevitable that the default percentage just keeps going higher and higher over time. Conversely, with new leads coming from internal marketing these issues are far less common.
What Are Merchant Cash Advance Leads?
In the early days of the industry, lenders offered merchant cash advances only to owners with merchant processing. In other words, companies that took credit card payments from their clients could get a cash advance. Companies that processed more through their merchant accounts could secure larger loan amounts. More importantly, the loanee would pay back the advance based on a percentage of credit card sales. To illustrate, if an owner sold $10,000 through their credit card processing today, they may have to pay back 10% of that amount the next day. Additionally, they would continue to repay 10% of their credit card sales until they fully paid off the merchant cash advance.
Now, all firms can easily get approved for this product. Rather than using credit card statements by themselves, owners can use their bank statements to prove the firms revenue. Consequently, the payback amount would no longer be a percentage but would be a fixed payment. Typically, these payments are made every day or every week.
Merchant Cash Advance Lenders & Rates
Merchant Cash Advance Lenders
Who are you sending your merchant cash advance submissions to? Why? Do you have a merchant cash advance lender that specializes in high risk borrowers? If you find your ideal clients with a higher credit score in an ideal industry with healthy bank statements – are you sending that to a first position only lender?
It can be much easer for you to close deals if you find the right program for the right merchant. In other words, a highly qualified candidate is not going to accept the terms of a high risk merchant cash advance lender. Conversely, a first position-only lender will not approve a high-risk borrower. So it’s your job to make sure you have merchant cash advance lenders that are perfect for low risk, high risk, and intermediate risk.
Merchant Cash Advance Factor Rates
Lastly, a merchant cash advance does not have an interest rate. Instead, the advance uses a factor rate. Such as, if the factor rate is 1.3 it means that the payback will be the total advance times the factor rate. For example, if a borrower takes $100,000 and the factor rate is 1.3 then they would payback $130,000.
Why Someone Would Want A Merchant Cash Advance?
- Fast Cash
- Unsecured Funding
- Use The Money How You Want
- Minimal Qualifications
- Positive Business Credit
Fast Cash
Merchant Cash Advances can be a very quick turn around. For example, Merchant Cash Advance lenders need your bank statements, the application, a voided check, and a driver’s license. Once you submit your application, you can receive funding within hours. During the final underwriting, we check everything in great detail. In some cases, additional documents may be necessary, but usually, you can expect funding within 2-3 days.
Merchant Cash Advances Are Unsecured
In other words, you don’t need collateral to obtain the financing. However, the lender may require a personal guarantee. This means the lender can recoup their losses through you as an individual.
Use The Money How You Want
Unlike many typical loans, you can use a Merchant Cash Advance in just about any way you want to. Many loans come with restrictions on how you can use the money. In cases like this, it can be difficult finding the right loan. However, a Merchant Cash Advance has minimal restrictions. In particular, you can pay off debt, buy equipment, pay your payroll, use the funds for marketing, or buy materials for a new job.
Minimal Qualifications
Merchant Cash Advances, unlike traditional loans, have much lower qualifications for an approval. For instance, you might be able to get an advance if you have a 500 FICO and deposit at least $15,000 into your firm’s checking account. There are other factors but these are the biggest ones.
Positive Business Credit
Some Merchant Cash Advance lenders will report on your payments. In fact, your business credit can increase rather quickly if you take an advance and pay it off on time. That said, not all Merchant Cash Advance lenders report to the credit bureaus.
Overseas Lead Companies And Why They Don’t Get Results
Why does this matter? Several of the overseas lead vendors have horrible reputations. Consequently, they’ve had so many complaints that they had to change their company name. It’s really that easy for these overseas scams. If they get too much bad PR they change names and start fresh.
At Synergy we are not changing our name and we don’t have any reason to. We don’t get complaints and we address any client concerns that come up. We are professional and take our profession seriously!
Finding the right MCA leads can be a challenging. Likewise, you can spend a lot of time finding the right company. You can waste money trying to find the right leads. You have come to the right place for quality leads!
Aged Merchant Cash Advance Leads Can Be Cheaper But Require Some Effort
At Synergy Direct Solution, we specialize in providing aged cash advance leads that can help your business close more deals and grow faster. These leads are businesses that have previously shown interest in a Merchant Cash Advance but haven’t moved forward. We collect and deliver high-quality, pre-qualified leads that are actively seeking funding but may have been overlooked or lost in the process.
Our aged leads come with high conversion potential. Even though they’ve been around for a while, these leads are still actively seeking funding and are more likely to convert with the right approach. These businesses are already familiar with the Merchant Cash Advance process and understand their financial needs, which makes them easier to engage. With the right follow-up strategy, these aged merchant cash advance leads can be exactly what your business needs to hit your revenue targets and boost your sales.
Real-Time Merchant Cash Advance Leads Can Speed Up Your Sales Cycle
At Synergy Direct Solution, we also specialize in delivering real-time merchant cash advance leads to businesses that are actively seeking funding. These leads are immediate and highly valuable, giving you the opportunity to connect with businesses in urgent need of a Merchant Cash Advance. Our service ensures that the leads you receive are not only fresh, but also highly qualified and ready to convert, making them the perfect opportunity for fast, profitable sales.
Since these leads are actively seeking a merchant cash advance, they have high intent, which means less time nurturing and more time closing deals. Real-time leads give you the ability to seize immediate opportunities, helping you meet your sales targets and grow your merchant cash advance business quickly.
Internet Marketing & Exclusive Merchant Cash Advance Leads
Synergy was established in 2010 as a marketing agency. Our core products are websites, SEO, search engine marketing, leads and social media. We have client’s in every industry using our websites and our social media programs.
We also have vast experience with click funnels, Google Analytics, graphic design, and email marketing. Synergy has thousands of customers nationwide. We’re partners with Google, Yahoo, and Godaddy. Synergy also has an A+ rating with the BBB.
We decided to design products for lenders and brokers after seeing the competition. Generally speaking, the competition was not able to build comprehensive marketing campaigns. Therefore, they were unable to generate really good business loan leads leads. In 2010 we started using our marketing knowledge to generate quality leads in the Merchant Cash Advance industry.
By using our strategies we can generate cheap merchant cash advance leads. So our cost per lead is lower than the competition. Our goal is to be the most trusted lead provider of merchant cash advance leads.
Verifying Merchant Cash Advance Leads To Ensure They’re Pre Qualified
Our leads are double verified. We market to Merchant Cash Advance data, UCC leads and internet leads. We more than a dozen lead generation websites. Each website has a call to action. Additionally, we send email campaigns for each website.
We run pay-per-click campaigns on all major search engines. Moreover, we drive traffic to each website through social media. Synergy sends direct mail campaigns and we use radio and TV to generate merchant cash advance leads.
We have different marketing techniques that merchant cash advance leads. Our agent confirms the lead details over the phone. On this phone conversation they confirm all of the following information.
Merchant Cash Advance Leads: Quality Guarantee
After the agent sets an appointment the lead details are sent to Quality Assurance for review. Quality Assurance reviews each lead with a critique system in order to ensure our leads are the best. These QA agents do not make phone calls to borrowers. They do not get bonuses for submitting leads. The QA Team ensures that only the absolute best merchant cash advance leads are the only leads Synergy sends out.
The QA Team reviews each recording to ensure it was a good lead. QA makes sure our agents don’t set inappropriate expectations. Expectations such as low interest rates, monthly payments, or type of financial instrument will never be guaranteed by our agents. Synergy understands each lender or broker has their own funding options. We want all of those options available to you when you get each lead.
Merchant Cash Advance Leads: Delivered Daily & Prequalified In Advance
Our merchant cash advance leads are delivered daily. Each lead will be sent to your email. You can give us up to five different email addresses. These leads are emailed to you after QA reviews them.
We’re flexible with how many leads you want per day. Some lenders take fifty merchant cash advance leads per day. Some brokers take one or two leads per day. We can work with any size order! You let us know the maximum number of leads we can send per day. We will try to reach that number every day and never go over.
Integrity and open communication are staples of our service. This is why our clients are so happy with our product. We care about the results they get from our merchant cash advance leads. We care about your bottom line! Synergy provides unique consulting for each client to help grow profitable relationships. We have a list of lenders that you use to fund more deals and make more commissions.
Synergy advises you on how to approach the merchant. We transition the conference perfectly! You’ll start your conversation with authority and leverage our pre-established rapport. Once you start talking we stop talking. Synergy cares about what happens after this transfer. We want you to win. We want you to close deals!
What Comes With These Merchant Cash Advance Leads?
- Name
- Phone Number
- Cell Phone Number
- Fax Number
- Requested Amount
- Why do they want the funds?
- What state are they located in?
- What industry are they in?
- How many loans do they have right now?
- Balances of the loans they have now?
- Owner of the company? Must answer yes!
- How long have they been the owner?
- Need money right away? Must answer yes!
- $15,000+ per month? Must answer yes!
- Do they process credit cards?
- Credit score is right now?
- Equity that can be used as collateral?
- Issues getting approved last 30 days?
- Best time to contact them?
Does Synergy Offer Returns For Unqualified Merchant Cash Advance Leads?
Returns are going to happen with merchant cash advance leads. We’ve built returns into our lead system: You can return up to twenty-five percent of the merchant cash advance leads if any of the following happen:
- No longer interested
- Already funded & no need now
- Currently in a BK
- Less than $15,000 per month
- Phone number disconnected
- Name not matching phone number
- Credit is below 500
- Less than 6 months of ownership
- Personal bank statements
- Borrower has defaulted previously.
Merchant Cash Advance Leads: FAQ’S
What are Merchant Cash Advance Leads with bank statements?
Cash advance leads with bank statements are businesses that are looking for a merchant cash advance and have already provided their bank statements to show their financial situation. These businesses are serious about getting funding and have shared their bank details to help lenders evaluate if they can repay the loan. Since they’ve already provided this important information, these leads are more likely to be approved for the merchant cash advance, making them qualified and ready for quicker funding.
What are Cash Advance leads with applications?
Leads with applications are businesses that are actively seeking a merchant cash advance and have already filled out an application for the funding. These leads have gone a step further by showing serious interest and providing necessary details to start the approval process. Since they’ve completed the application, they are already in the evaluation stage, which means they are closer to being approved for the merchant cash advance. These leads are valuable because they’re not just interested in funding they’ve already taken action by applying.
How much do Merchant Cash Advance Leads cost?
The cost of merchant cash advance leads varies based on their freshness and exclusivity. For example, aged leads can cost as little as $0.01 per lead when purchased in bulk, while real-time exclusive leads may range from $30 to $75 each.
What ‘s the difference between exclusive and shared Merchant Cash Advance leads?
Exclusive leads are sold to only one buyer, ensuring no competition for that lead. Shared leads, on the other hand, are sold to multiple buyers, which can lead to increased competition and potentially lower conversion rates.
Can I purchase Merchant Cash Advance Leads that have already been pre-qualified by a lender?
Yes, some lead providers offer pre-qualified leads, meaning the business has already gone through some initial vetting before being sent to you. This can save time and improve conversion rates as these leads are typically more ready to proceed with funding.
How do Merchant Cash Advance leads affect my business credit?
Purchasing merchant cash advance leads doesn’t directly impact your business credit, but how you handle and close deals with these leads could indirectly affect your relationship with lenders and your reputation in the market, potentially affecting future opportunities.
Request A Call Now For Merchant Cash Advance Leads!
Want more info? Call us at 866-428-0172.
Schedule A Call With A Lead Professional Where We Answer All Your Questions!
Our return policy is simple. If you have issues we will replace the business loan leads live transfer or appointment lead. Just reply to the email and let us know why you are requesting a return. All calls are recorded so we will investigate the issue. A lead will be added to your total. The investigation determines what training is needed. This return policy is not valid for aged leads.
Disclaimer: Merchant cash advance leads are not guaranteed to convert. Every company has their own agents who have different sales skills. Each company has their own follow up systems that may yield different results. Companies have their own lenders where they can obtain approvals. Synergy Direct Solution LLC can in no way guarantee conversions or sales.Check Us Out On Our Social Networks
