Activity Stream
All times are GMT -4. The time now is 03:42 PM.
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Older Activity
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Today, 03:40 PMi also use Pay Pal Business, once the setup is cleared by PayPal it works phenomenal, right away. i truly like that as well.
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Today, 03:36 PMHere is what I have seen since I have been in MCA since 2012 --there have been huge changes --and my biggest competition are the funders. Legit teams are killing it originatinmg theri own deals with quality leads without Numbers and Banks https://loyolamediagroup.com/mca-leads-2024/ CJ Flaherty 781-690-5077 cj@loyolamediagroup.com www.loyolamediagroup.com IG cjf_lmg tic tok cjf_lmg https://www.linkedin.com/in/cjflaherty/
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Today, 03:02 PMI do as a first position if they have good credit and strong daily balances. And industry. Scott Platto Scott@tmrnow.com tmrnow.com 212-220-9872
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Today, 02:57 PMSingle family NOO on the 2nd floor. Remaining 45% is retail clothing store (1st floor). State is MA. Total loan amount is apprx: $350K
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Today, 02:54 PMAny funders these days taking deals with a TIB of 3 months?
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Today, 02:52 PMJust a repeat of when they cut off ALL their brokers back about 10 years ago
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Today, 02:43 PMUsio!!!!!!!!!!
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Today, 02:36 PMGo Ach does the job well.
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Today, 01:37 PMThe DF pops off. Extremely valuable platform regardless of the nuisances. So does probably every other platform. It's also interesting to watch people disappear after they come on here talking a big game about this and that.
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Today, 01:33 PMI have had mostly good experiences as a result of this forum. I can't even begin to count how many deals I have gotten done over the years thanks to meeting people through this forum.
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Today, 01:19 PMI've met some great people face to face because of this forum. You get what you put in, pretty much. It's a good door opener.... you just have to walk through it and be of value. www.UccRadar.com – Large sales volume merchants filling out your application.
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Today, 01:18 PMWould love to see more carrot idiots and MCA settlers get slammed.
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Today, 01:12 PMKevin Henry-Seacoast replied to a thread Centrex Software Security Incident in Merchant Cash AdvanceHey Trey, I know you are putting a host of fires out..... You stated your company contacted the FBI. Make sure you reach out to the United States Secret Service Cyber Crime Unit. There is probably a local field office near you. They can be VERY helpful!
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Today, 01:05 PMI did one in Hawaii $1.1M cash out to pay multiple MCA's.....only problem you have with mixed use is compararable sales in the area. The other issue is population where it's located...Typically needs 25,000 or more population or close to something of that size. I've gotten exceptions if it's close to a larger city. If Micah's referral can't help you, reach out....I had to use private money lender for one of these due to the comparable sales issue.
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Today, 01:03 PM"In the end, they're not coming after me. They're coming after you — and I'm just standing in their way"
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Today, 01:01 PMHey ya'll, just wondering people's thoughts on where the industry is heading with the arrests that happened this year. What do you think people get away with rn that they might not in 6 months?
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Today, 12:53 PMSince when does a business NDA have to come from a personal account? Furthermore, did 12 jurors convict him on tax fraud? nope.
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Today, 12:37 PMRead Centrex Post: How did Centrex respond? We engaged legal counsel and cyber forensics quickly upon discovery in accordance with our policies. We preserved all available logs for analysis, as well as requesting logs from our third-party providers. What information was involved? Our investigation into the incident remains ongoing. Once the investigation is complete, and if our review determines any customer or personal information is involved, we will notify the appropriate parties in accordance with our legal obligations and state and Federal law. We understand the importance of this information and will ensure that this process is carried out as quickly and efficiently as possible.
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Today, 12:05 PMSend me an email, I have two recommendations, no need to even cobroker.
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Today, 11:54 AMis 55% residential multi family or single family owner occupied? What is the other 45% State and loan amount?
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Today, 11:25 AMAs per the title, I'm looking for a lender who will do a cash out loan for a mixed-use property (55% residential). Let me know if you can introduce me to somebody. Thanks.
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Today, 10:26 AMAnd how are people who do not use Centrex supposed to do this when nothing is disclosed on impacted parties?
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Today, 10:02 AMWould it make sense to get ahead of it and send an email out to your merchants notifying them of the breach. I'm not a legal expert but there is a fair chance that there is a legal requirement to notify people if their data has been breached. https://www.ncsl.org/technology-and-communication/2022-security-breach-legislation#:~:text=All%2050%20states%2C%20the%20District,their%20personal%20information%20is%20breached.
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Today, 09:41 AMI think the risk is a lot worse than having your deals being sold as leads. The risk is that the "hacker" now has the ability to steal these merchant's identities, and possibly directly steal funds using the information they just accessed. I agree that people should look out for fraudulent leads and calls, but also keep an eye out for an increase in frozen accounts in the future as a result of fraud. Of course we still don't know who the perpetrator is or their intentions. Hopefully we'll get more info soon. Also, some of you may not care because you're a broker and don't have long term financial relationships with these merchants, but some of us have millions tied up in these businesses and in the Centrex system. A merchant doesn't know who or what Centrex is, they just know that the funder they used got hacked and are the ones responsible for their stolen identity.
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Yesterday, 10:33 PMI love this! I am highly interested.
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Yesterday, 10:26 PMTony can do equipment financing if that's what you're seeking. Wasn't clear if you were looking for working capital or equipment. Tony Borchello First Financial (888) 211-2197 mobile: (949) 800-5767 tonyb@firstfinancialweb.com Reach out for business financing...
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Yesterday, 09:18 PMWho is still out there doing OTR loans. Min 5 tractors on safer and 3 yrs TIB and up? App only? Fleet deals? NO o/o
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Yesterday, 08:58 PMWhat are you seeking - debit-credit ? PSF's?
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Yesterday, 07:07 PMThe combined reputation points of all the commenters on this thread...:cool:
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Yesterday, 06:33 PMCheck with your bank....mine does it with no fee but just a monthy $45. Just needed 2 years TIB.