Offer Details

The Offer Details tabs has many of it's own tabs which are covered in this section.

1. Offer Details

Figure 1. Offer Details tab open to Contract Terms sub tab.

The offer details are filled out here. You must fill out the top row and a funder to send out an offer. The tabs underneath are used to further define the deal. Adding the funding amount and payback factor will tally the purchase amount. Bank fee is optional. Bank fee and Commissions can be added as a percentage or defined amount.

Offer Details has 6 additional sub-tabs underneath.

2. Contract Terms

Add the funder, funding date, select the option to note if you pre-filed a UCC or not, and add the percentage of receivables.

There is also an option to add external payoff details, if the deal is paying off another MCA.

3. Stipulations

Figure 2. Add Stipulations

Stipulations allow adding stipulations into the deal application in order for it to move forward. Click add stipulations to add one to the application. In order to create stipulations, click the manage gear button.

Figure 3. Managing Stipulations.

Here you can edit the stipulation type and add a new one to appear under "Add stipulations" above. Select Is default to automatically add these fields to the stipulations tab.

4. Collection/Payment Info

Figure 4. Collection info.

Set the collection information here. Enter the recurring amount and the collection frequency, Daily, Weekly or Monthly.

Add the bank account details, select ACH, check, or wire and toggle the Split Payments switch to allow 2 separate payment amounts and frequencies.

5. Comm/Heldback Distributions

Figure 5. Comm/Heldbacks

Enter the commissions and heldback fees.

In the figure above, 2 commissions are being paid, for a total of $120,000. Once the system calculates the total, add that total to the commissions line above to get the percentage.

Heldbacks are entered here with a dropdown list of available types. Here, a bank fee of 5,000 and an origination fee of 1000 give the total heldback amount of 6,000.

6. Syndication

Figure 6. Syndication

Syndication allows you to add syndicators and the amount invested.

7. Early Payoff

Figure 7. Early Payoff

Early Payoff allows addition of payoff amounts by date, as well as a checkbox that automatically enters the information into the contract.