Summit Fitness· DEMO-1005fundedin the clear
Deal
- Merchant
- Summit Fitness Google
- Product
- MCA
- Funder
- Cardinal Advance
- ISO
- Pinnacle Group
- Factor / Buy
- 1.29 / 1.23
- Funded / Payback
- $64,000.00 / $82,560.00
- Net to merchant
- $64,000.00 = funded $64,000.00 − bank fee $0.00
- True cost
- $73,280.00 = funded $64,000.00 − bank fee $0.00 + commission $9,280.00
- Cost recovery
- ✓ In the clear collected $82,560.00 ≥ cost $73,280.00 — everything from here is profit
- Fees
- -
- Schedule
- -
- Underwriter
- -
- Term (days)
- 168
- Position
- -
- Funded at
- 05/08/2026
Bank data & cash flow
No bank data yet — the underwriting score is running without cash-flow metrics.
Credit
No bureau pull on file — the decision engine treats FICO as unknown.StackingNot checked.
Submissions to outside funders
Cardinal AdvanceOffer Acceptedsubmitted 04/28/2026
factor 1.29 · $64,000.00 → $82,560.00 · 168d
Commission
- ISO
- Pinnacle Group
- Offer
- Standard origination (PERCENT_OF_FUNDED 14.5)
- Gross
- $9,280.00
- ISO Rep
- -
- ISO net
- $9,280.00
Stipulations
🔒 Stips are locked — the deal is funded.
- Bank StatementsmandatoryCompleted
- A/R Aging ReportmandatoryCompleted
- Driver LicensemandatoryUnder Review
Participation
- Cobalt Partners · $25,600.00 · 40%
Allocated $25,600.00 of $64,000.00 · House $38,400.00
Economics — bank fee & profit split
Cost of deal $9,280.00 · total profit $9,280.00. Rules are configurable in Settings → Capital & fees.
| Participant | Funded | Bank fee | Mgmt fee | True cost | Profit |
|---|---|---|---|---|---|
| House | $38,400.00 | $0.00 | $0.00 | $47,680.00 | $7,424.00 |
| Cobalt Partners · syndicator | $25,600.00 | $0.00 | $-0.00 | $25,600.00 | $1,856.00 |
Payments
| Participation payout | $33,024.00 | Cobalt Partners | PAID | 06/02/2026 | |
| Advance payback split: House $6,888.00 · Cobalt Partners $3,432.00 | $10,320.00 | PAID | 05/26/2026 | ||
| Advance payback split: House $6,888.00 · Cobalt Partners $3,432.00 | $10,320.00 | PAID | 05/22/2026 | ||
| Advance payback split: House $6,888.00 · Cobalt Partners $3,432.00 | $10,320.00 | PAID | 05/18/2026 | ||
| Advance payback split: House $6,888.00 · Cobalt Partners $3,432.00 | $10,320.00 | PAID | 05/14/2026 | ||
| Advance payback split: House $6,888.00 · Cobalt Partners $3,432.00 | $10,320.00 | PAID | 05/10/2026 | ||
| Advance payback split: House $6,888.00 · Cobalt Partners $3,432.00 | $10,320.00 | PAID | 05/06/2026 | ||
| Advance payback split: House $6,888.00 · Cobalt Partners $3,432.00 | $10,320.00 | PAID | 05/02/2026 | ||
| Advance payback split: House $6,888.00 · Cobalt Partners $3,432.00 | $10,320.00 | PAID | 04/28/2026 |
Reconciliation · balanced
Collected $82,560.00 of $82,560.00 · outstanding $0.00
- Cobalt Partners: share $33,024.00 − paid $33,024.00 = owe $0.00
Documents
No active templates. Create one under Settings → Document templates.
Contacts
- Pat Garcia · Owner · owner@summitfitness.example · 100% · guarantor · primary
Audit trail
No activity.