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 • Factors affecting Multiples in a • Number of months paid for the Average Positive Way Are: Monthly Residual Multiple • Low Attrition Percent - Low Loss of MIDs by MID Count and Low Loss of residual • A Certain Multiple that is Held Back and Paid at a Later Date as an Attrition • Residuals are Spread Out Over Many Earnout Guarantee is met Merchants (No Large Residual for any One Payment Merchant) • Not Concentrated Ownership (Ex., Chains, • The Actual Residual for Each Merchant Franchises). Divided Over 12 Months Average Residual • No High Concentration of Leases • Age of Portfolio (Older Portfolios are • Average Monthly Residual x the Multiple + Valued Higher) Earnout Payment Purchase Price • 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.
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