We cannot add your additional doc fees to our approval form; however, you may create your own approval (based on ours) and include your additional doc fees in the approval you create and present to your customer. If we collect your additional fee, we will add it to your commission at funding. If you collect
While you are encouraged to vet your prospective customer's credit profile, Entegra Capital does a hard pull with Experian on each guarantor on the application. We are required to do our own credit pull, even if the broker submits theirs with the application.
Because of the broad credit range that we approve, and therefore the risk that we accept, we cannot finance monies not backed by the collateral of the transaction - which includes soft costs.
We believe that vendors and end-users choose the financing source that best meets their needs. Entegra Capital avoids becoming involved in your vendor and client relationships, including dictating which broker they must use to access our products. Entegra Capital will never directly compete for financing business from your vendors or end-users.
Our non-refundable documentation fee of $595 recovers a portion of the costs associated with managing transactions. These costs include our staff's time, asset re-marketing, technology development, and acquiring the business and personal credit information of the applicant. Our non-refundable inspection fee of $250 recovers part of the cost of the asset inspection and installation of
Entegra Capital's credit model is extremely accurate in its predictions. As it relates to credit worthiness, once the transaction has funded we assume all responsibilities. We may ask the broker to become involved in some circumstances, but that is a rare occurrence.