CUTTER LLC Denise Shomo, President Katelyn Neiman, Business - - PowerPoint PPT Presentation

CUTTER LLC

Denise Shomo, President Katelyn Neiman, Business Development

WHO IS CUTTER?

• Company is named after a type of sailboat
• Founded in ‘06 by David Daily an Entrepreneur who has a Passion for Sailing
• David Worked in the Payments Industry for 30+years.
• Corporate Office in Franklin TN (CEO and CFO)
• Physical Office in Pennsylvania (Staff of 10) - 6 Dedicated Customer Service and

Retention.

• All Real Humans Working the Phones and Email.

CORE BUSINESS: Purchasing Agent and ISO Residuals

TYPES OF PURCHASES

• Majority We Purchase are Static – This

Means New Business to the Sold Portfolio is NOT Required AND You Can Continue Boarding with NP Directly Under a New Office Code

• Cutter is Not a Lender Therefore we

cannot Offer Portfolio Loans

• Cutter Does Not Resell Portfolios
• All Merchants Remain with the Same

ISO (No Conversions/No Disruptions)

• Flexible with Who Services the

Merchants Post-Purchase (Cutter, or You, or Both)

ACQUISITION FACTORS

Multiple

• Number of months paid for the Average

Monthly Residual

Earnout Payment

• A Certain Multiple that is Held Back and

Paid at a Later Date as an Attrition Guarantee is met

Average Residual

• The Actual Residual for Each Merchant

Divided Over 12 Months

Purchase Price

• Average Monthly Residual x the Multiple +

Earnout Payment

• Factors affecting Multiples in a

Positive Way Are:

• Low Attrition Percent - Low Loss of MIDs

by MID Count and Low Loss of residual

• Residuals are Spread Out Over Many

Merchants (No Large Residual for any One Merchant)

• Not Concentrated Ownership (Ex., Chains,

Franchises).

• No High Concentration of Leases
• Age of Portfolio (Older Portfolios are

Valued Higher)

• No Bonus Program

TYPICAL MULTIPLES

<$1,000 = 6 to 13 Total Multiple < $5,000 = 13 to 22 Total Multiple <$10,000 = 16 to 28 Total Multiple >$10,000 = 17 to 30 Total Multiple

WHY CUTTER?

• EXPERIENCED - Purchased Hundreds of Portfolios of all Sizes.
• STABLE --- Here for the Long Term, and Thriving After 12+ years
• TRUSTED – We’ve Earned the Industry’s Trust.
• RESPONSIVE - We Keep the Process Moving Quickly.
• QUICK CLOSURE AND FUNDING - Portfolio Valuations Turned Around in 2 Days or

Less.

• FAIR TERMS AND HONEST VALUATIONS – No One-Sided Contracts.
• STREAMLINED AND EFFICIENT PROCESS - (Not a Painful Process)

CONTACT INFORMATION

Denise Shomo, President, Cutter LLC Phone: 610-451-4096 Email: denises@cutterfinancial.com Katelyn Neiman, Business Development, Cutter LLC Phone: Office 484-638-6802 Email: katelynn@cutterfinancial.com For more information on Cutter LLC, please visit www.cutterfinancial.com Thank you.