Initial Investment
The amount of your initial investment is determined by the size of the territory you are interested in purchasing. The upfront investment levels are $19,500 (small markets); $29500 (medium size markets); and $39,500 (large markets). Of the total initial investment, a fully refundable $4500 deposit will be due if you want to reserve a territory. The balance of your initial investment will be due when you sign your agreement and/or no later than 3 days prior to your training.
On-going Fees
Professional Finance Managers is not in the business of selling businesses. As such, we do not share in your revenues. Instead, we only charge you a monthly fee to use or technology platform. That fee is $750 for the first 36 months; The second 36 month term, the fee will be $950. And the third term of 36 months, the fee will be $1500. Additional terms of 36 months are calculated based on 5% payment increases.
Credit Report Fees:
Every time an application is submitted by one of your Merchants and a credit report is pulled, you will be charged $9.50. For example: If you run 100 applications in a month in which a credit report is pulled, you would be invoiced $950 for the credit reports pulled during that month.
That's it!
If you come on board with Credit Technologies / Professional Finance Managers, there really are no hidden costs or fees. You will only pay a one-time investment fee to purchase the right to a territory. Once you start doing business; you will pay a small fee to use our technology, and a fee for pulling TransUnion credit reports.