What are Aged MCA Leads?
Aged MCA Leads are leads that contain contact details for businesses that have expressed interest in obtaining a merchant cash advance. These leads have some age to them Typically these aged business loan leads are between 3 and 24 months old and the price depends on how old the lead is. For example, a 3 month old lead is typically going to be more expensive than a 12 month old lead.
These leads can be effective for MCA brokers or lenders in the business loan industry because many of these leads will already understand the underwriting criteria. They’ll be familiar with the rates and terms that are typically associated with a merchant cash advance.
Why Would Brokers Want To Buy Aged Leads?
Maybe you need a lot of cold calling data, email marketing, text, or something like that. We’ve got something that is perfect for MCA marketing campaigns. Our aged MCA leads are extremely affordable and have the ability to increase your sales overnight. The aged MCA leads come with the contact name, company name, cell number, and email. Just enough info to get you started! But at this price you can talk to people for months on end on a shoestring budget.
Aged Data Is Perfect For New Brokers
Are you a new broker in the MCA industry? If so, I’m sure you’re looking to get some momentum without spending thousands of dollars on unknown lead sources while trying to learn the business. This level of risk is far too great for most new MCA brokers. While more seasoned veterans may prefer MCA Live Transfers because each lead is pre qualified and sent over via a live phone call, new brokers likely cannot afford to spend $20-40 per lead. Conversely, with aged MCA leads a broker can pick them up for as little as 1 penny per record.
Get Deals Funded Before You’re An Expert
Obviously when a new MCA broker gets into the market they have a lot of learning to do. For instance, they need to find the lenders to sign up with by investigating on Debanked or Daily Funder. Once they have the lenders to approve most files they can start working on their pitch. How do they want to cold call, how do they want to build rapport and establish trust and credibility with their potential MCA clients? How do they plan to pitch the offers? The good news is that with aged MCA leads it’s not critical that a broker has everything worked out – they can learn on the job as they go because the investment isn’t all that substantial.
What Should An Merchant Cash Advance Broker Be Looking For?
A broker in the business loan industry should be looking for an MCA Leads provider that considers the following:
- Are their aged MCA leads scrubbed for TCPA professionals?
- Does the lead source have a minimum order? Why?
- What is the lead vendor charging per lead?