Everyone in this trade gets paid. We publish ours.
A broker takes 8 to 15 points out of the same deal, buried in your rate, where you will never read it. We are a paid intermediary too. What is different is that our number is written down before you apply, offers are ranked by what the money actually costs you, and every funder who receives your file is named on your own screen.
- Ranked on your cost
- Never on what pays us
- Every funder named
- You see who holds your file
- Nothing owed before funding
- No advance fees, ever
I worked at those offices
For years I sat in MCA brokerage offices watching reps sell merchants advances they couldn't afford. The pitch never changed: “We work with all the lenders.”
It wasn't true. They worked whichever lender paid the most that month, then sold your number to a dozen shops. That is why the calls never stopped. This platform is the opposite of those rooms: private, and honest about the real cost.
“The merchants I watched get stacked weren't unsophisticated. They were under-informed. Information asymmetry is the entire business model of the broker industry. We're trying to close that gap.”
Your stack, read out of your own debits. A broker sells into this. We flag it before you sign anything.
The broker playbook, line by line
Eight things a street shop does with your application, and what happens to it here instead. Every row on the right is a behaviour with a screen behind it, not a value.
Every desk that holds your file, named on your own screen.
A promise you can check, not one you have to take
A broker's version of this is a sentence in a footer. Ours is three screens you can open in your own account.
The other side of the same file. This is everything a funder is given, and it is the same list your own screen shows you.
Who holds it
Every funder your file was routed to, listed by name with the date it went out. Nothing is shared with a desk that is not on that list.
See the routing recordWhat they can see
A funder gets what the deal needs and nothing else. The field-by-field split is published, not described in general terms.
What we share, field by fieldWhat it costs you
Offers rank on what the money costs you per dollar, with modeled APR, fees and total payback shown and the assumptions labeled. What pays us most never moves an offer up.
How we are paidHow we are paid, in the words a contract would use
Here is the part most broker pages leave out. New Matrix Capital is paid by financing partners on funded referred deals and may be paid by card programs on approved referred accounts. Nothing is owed before funding, but do not read that as us working for nothing: our compensation is part of the deal’s economics, which is exactly why we put total payback in front of you instead of a rate.
The merchant side first, because it is the one that comes out of your account. On funded money there is a platform success fee, never on SBA loans or business credit cards. It cannot be charged before the money is in your account - the deal’s funded status is the gate in the code, so no path reaches a charge on a deal that has not funded - and once it has, it is debited by ACH from the bank account on file under your authorization, or invoiced if you have not authorized that debit. The rate itself, by product, is published on how we make money and set out in full in the Terms of Service. Optional software subscriptions are separate.
Then the partner side. On the MCA family, term loans and lines included, we earn a placement spread inside the presented rate: 2% standard on a merchant cash advance, running 1% to 3% with the terms of the deal; 1.5% standard on an MCA refinance or consolidation, running 1% to 2.5%; and 1% standard on term loans and lines. SBA is a lender-paid referral fee, regulated, standard 1%. If a card issuer pays us for an approved account, it is a flat bounty, typically $50 to $200, disclosed before you apply; it never changes your rate. Whatever applies to a specific deal is shown to you in chat before you ever submit an application.
Introducing a business owner to a lender or issuer for compensation can meet the legal definition of commercial-finance or loan brokering in some states, and can trigger a licensing, registration, or disclosure requirement. We do not use a label to avoid those obligations. Where we have concluded that a state requires a broker registration or license we do not yet hold, files from that state are held and no funder is contacted until the filing is in hand, and we may limit a product or partnership while a jurisdictional review is pending. New Matrix Capital is not a lender and does not issue credit, and we do not provide legal, tax, or investment advice. For the full policy, see the Terms of Service and the state-law notes at the bottom of our legal pages.
The deal record every one of those sentences is about: the funder the file went to, and the verdict that came back. A commission exists only where this ends in funded money.
The proof is in the paycheck
The reason we can behave the opposite of a broker is the way we get paid. See the full commercial model.