An Inside Look at Strategic Funding’s Portfolio
A Kroll Bond Rating Agency report reveals interesting details about Strategic Funding Source’s $105 million securitization and also their business. Here are a few main takeaways:
Pool breakdown
60% MCA
40% Loans
Average original receivable balance per merchant: $40,705
Weighted Average FICO Score: 649
Weighted Average RTR Multiple: 1.35
Weighted Average Time in Business: 12.5 years
Weighted Average Gross Revenue: $1,729,709
Number of ISOs/referral partners: 1,300
![Strategic Funding MCA vs. Loans](https://debanked.com/wp-content/uploads/2018/06/mcavsloan-sfs.png)
![credit grade](https://debanked.com/wp-content/uploads/2018/06/creditgrade.png)
![ach deal charge-offs](https://debanked.com/wp-content/uploads/2018/06/achdeals.png)
![split deals charge-offs](https://debanked.com/wp-content/uploads/2018/06/splitdeals.png)
In an earlier interview, Strategic Funding CEO Andrew Reiser said, “It’s certainly exciting to be able to meet the requirements of a securitization. Kroll is a very responsible agency and they put you through a lot of rigor to be able to meet [their] requirements and have a rated bond.”
Last modified: June 10, 2018