Our independent Sales Offices report that having all of their deals and submissions coming out of one place / office has allowed them to increase their submissions dramatically.
New York, New York (PRWEB) May 15, 2012
New York-based Merchant Funding Company Yellowstone Capital has expanded their in house funding team to include 5 independent funders. This unprecedented growth has lead the ISO Department to grow to include submissions from 35 to 40 independent offices on any given month.
Director of ISO Development, Andrew McDonald had this to say, “The reason our outside offices enjoy working with Yellowstone so much is quite simple. They are used to the archaic business model of ‘one submission = one approval’. However, at YSC (Yellowstone Capital) they are treated to a dramatically different model. At YSC they send their deal to us, we have 5 independent funders in our office to choose from.” There are obvious benefits to this model in that the flow of information is increased dramatically because the contact point(s) has been limited to the smallest number possible and it creates a “punch list-type” set up so that the sales offices are not taking up their time worrying about back end issues related to funding and are instead spending their time bringing in new deals, knowing that YSC has the set up to take care of all requirements necessary prior to funding.
Mr. McDonald went on to say, “Our independent Sales Offices report that having all of their deals and submissions coming out of one place / office has allowed them to increase their submissions dramatically. This is done by simply cutting down the time spent chasing down underwriters for stips, contracts, approvals etc.”
For the longest time the largest problem faced by sales offices was that they were getting the applications for businesses that they couldn’t place anywhere. Again, YSC’s model has eliminated that problem by having multiple options under one roof. The new trend in the Merchant Cash Advance Industry is the Bank-Only ACH. This was a program that was created by Yellowstone, but YSC has taken what they were doing on a limited basis and committed a large portion of their funding dollars to that type of program. This puts YSC’s funding style in line with the trends of the marketplace and has once again put their ISO Department on the cutting edge of the industry; this will only take YSC’s ISO Departments share in the marketplace to an even larger share.
Yellowstone Capital continues to invest unlimited resources into their ISO program in the hopes that all ISO’s will find a home at YSC. In doing this YSC has found that they can afford to push their approvals and the type of programs offered further than any of their competitors. Yellowstone Capital has been a pioneer of the merchant cash advance industry and the ISO Program and its ever expanding programs led by Andrew McDonald, under the direction of Isaac D. Stern, is just another example of the way they continue to expand their impact on the merchant cash advance industry.
For more information please contact the following:
Andrew McDonald - 347.464.0785
Joseph Lepkoski - 732.533.7284