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Well to be fair a MCA technically cannot be personally guaranteed, but a business loan can. Whether or not a MCA company tries to enforce the "guaranty of performance" is another thing but you and I both know those never work. They can be sued personally, will it stick? Eh. I'll tell you what I love... I love how brokers come up with a CONSTRUCTION DEAL fresh off a winter revenue decline and think they're going to get a deal priced @ 100% of the current monthly average revs IN SECOND POSITION, TOO. Heh. Also: "not interested in 1.4+, need 6-9 months.." Heh, heh... That would have to be one IMMACULATE construction deal in every aspect otherwise to get any offer close to that request. I think you brokers should start setting your client's expectations upfront instead promising them the world then forcing the funders/lenders to get the deal closed for you on their offer structure. Know what you're dealing with, know your market, know how to navigate it. Chambo back from the dead? Have a good weekend!!! :cool:

Headway capital is LOC enova offers probably a broker submitted it however when submitting the deal they have to provide an accurate email and they will let know the merchant that he was declined in a formal email

If its not some outfit playing on words in their name, and the Headway thats owned by Enova, absolutely a direct LENDER.

We can dothis deal AFG FUNDING 305-420-5605 SIA HERAVI

Hey Overnight Capital funds merchants with previous but resolved defaults. If that interests you, please reach out.

1. I can do equipment financing, or refer you to someone there. 2. I can do renovation financing if he owns the property. Reach out.

Non-owner occupied SFR's, not primary residences.

Thank you Steve, in regards to merchant no this one is different

Don’t go to iron wood. Deal theives

I may have seen this file. Does the guy live in Arizona or Vegas and was also looking at gettng cash out of his home but not enough equity? Tony can do stuff outside the US with US company. Tony Borchello First Financial (888) 211-2197 mobile: (949) 800-5767 tonyb@firstfinancialweb.com

This is spot on. How many are owned by people with MCA ties?

15% fees? lol

try TORRO

I do not know of ny funder that will payoff 2 positions that high for one. Most funders have a net 50 rule which means he will need to qualify for 600k which is more than he does per month which most funders do not do. Getting him a dollar amount that high will not lower his payment.

Not the same ein number

aninja.com

Having heard this story a dozen times over the past 3 years at GoACH, I can tell you that in 9/10 times the merchant initiated the block because they needed a day or two without payments.....

Recommend finding out who the behind the scenes people are of any platform that you're ingesting data into.

Has anyone actually gotten approved? They're asking us to show how clients can "opt-in" to receive text messages in order to be approved. It's easier to rotate #'s.

https://mcasimplified.com/ they will have to get you registered and approved, its worth it, The system is really great. heres another one https://www.gohighlevel.com/freetrial5

Some people have Positive pay, the debit amount and the name of the funder pulling has to be put on an approval list and then every time they want to debit , it needs to be okayed separately, if the payment is daily then positive pay will look for 5 approvals. The other reason it happens if the bank suspects fraud.

if they are looking for an mca product that will work like a line of credit (be able to take more funds without a stack or refinance of primary balance) I can help them even with only 3 months in business call or email me to discuss further and help them

with some accounts the merchant has to authorize the daily/weekly payments online with chase or manually approve them each day otherwise chase will block for fraud protection but if you're saying the payment came out thats just weird

That's the stop payment code but I'm sure you already knew that. Chase might've done it as fraud protection possibly. He should talk to customer service. He'd get his answer in like 20 minutes.

They can apply for a SBA Microloan for start ups. Up to $50,000 https://www.sba.gov/funding-programs/loans/microloans#id-what-is-a-microloan

Facts !!