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Would 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.

I 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.

I love this! I am highly interested.

Tony 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...

What are you seeking - debit-credit ? PSF's?

The combined reputation points of all the commenters on this thread...:cool:

Check with your bank....mine does it with no fee but just a monthy $45. Just needed 2 years TIB.

From my buddy Tony: "I have done similar before it really depends but more likely PG is needed. Send it I can review and tell you. " Tony Borchello First Financial (888) 211-2197 mobile: (949) 800-5767 tonyb@firstfinancialweb.com

I agree with this.

There is probably a high likelihood that whoever perpetrated the hack has no idea what the value of the data is or where to sell it. Your best odds over here would be keep an eye out if you see this information surfacing as leads for sale. If you feel like that's the case, you may consider sending out an email to your merchants notifying them about the breech and let them know to ignore all calls, emails etc. This may be a bit tough as this is an industry that merchants already get a ton of calls and work with a ton of brokers...

at this pace you both might beat out the top Ford salesman for the entire east coast

That makes sense now. I misread it, so I'm glad it's been clarified, which is exactly what I was requesting. Still, asking for $1.5mm equipment finance with no PG for a startup is still an equity play.

I assume he meant the client has 25% cash down to bring into the equipment financing acquisition.

My apologies, no need to try to cancel me. You just mentioned a "25 percent for equity injection" which sounded like they're looking to sell the equity and they're a startup looking for $1.9mm with no PG, so it sounded to me like an equity deal. If I was wrong, I'm okay being wrong. Either way, as a startup needing those numbers, I normally just tell people that this deal is an equity deal, and I don't do equity.

I am not searching for equity, so your assessment is incorrect. For future reference, please do not respond to any of my post as I am well aware of compliance\ and licensing requirements.,

So at least there's a face behind Jaffe Capital https://www.linkedin.com/feed/update/urn:li:activity:7203508112723472384/

It's free to be here. If it's not of value to you...just...don't be...here?

Lol I remember getting some bonus out of that way back.

The ****ing 90 day trial period, god what a ****show

Thanks for telling us to "chill out" about being concerned our deals could have been accessed. Think its normal for people to have more questions here.

I’ve worked with centrex for many years and never had any issues whatsoever. Target had a data breach and I still shop there. Experian had a data breach and I still use their services. Every software has had **** happen — just chill out and keep funding.

Forward is nothing to write home about, as mentioned above they micro manage you like you are an employee of them, but give terrible deals. Pass.

Originally when I onboarded with them a year or two ago, they make you go through some rigorous onboarding, made you attend like monthly calls then if you under performed with them after like 2-3 months they cut you off because they had like a performance chart. In my opinion handing out 1.57s to merchants where I can send them elsewhere and get them funded it's not worth it. FunderFunding is correct - if you aren't ready to submit 100 apps a month and close a certain percentage with them, don't even bother.

Curious if it will be made available who was impacted (funders names etc). This would in theory be relevant to all brokers as we may have had our files accessed where we fund our deals. Curious to hear updates, this seems rather serious.

Wow this is some serious stuff. First time Centrex is openly admitting a data leak.. For years people have been speculating this. I wonder if this was a rogue employee that was selling leads to brokers? Makes you wonder. Hopefully they're able to resolve this and never have issues like this in the future. A lot of data being stored on Centrex. Do we have any more updates?

I'm going to neglect my responsibilities and smoke two at the same time, gotta stay ahead

I'm at exactly, 106 packs / 2102 cigs / I don't want to brag about any accomplishments. It's not a competition...:)

Are there many really? I think I've seen 4.