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  • Rayc4's Avatar
    Today, 10:47 AM
    What does the Revenue look like over the last few months? I'm the underwriter with Boom Funded.
    2 replies | 29 view(s) | |
  • diditevenfund's Avatar
    Today, 10:40 AM
    Sick solicitation.
    15 replies | 1288 view(s) | |
  • mca2150's Avatar
    Today, 09:58 AM
    There are open criminal complaints against this guy. Don't worry, he'll be held accountable.
    9 replies | 684 view(s) | |
  • Mexican Funding's Avatar
    Today, 08:50 AM
    Finance/Real Estate business that partakes in the Miami high rise investment boom, sometimes this is by gaining investors, other times it's through actual sale of individual units and least relevant is his property management services . Has 4 separate entities all depositing between 200-500K a month. We arranged his HEADWAY LOC and he is looking to expand his abilities to get capital....If terms are reasonable we don't need more than $250K here. I need a minimum of 120 days to get this deal done. Let me know if you can assist.
    0 replies | 27 view(s)
  • abfunders's Avatar
    Today, 08:45 AM
    He doesn't need a buy rate of 1.32. It sounds like you need a buy rate of 1.32 to make 10-12 points. Syndicate in the deal and give him a 1.35.
    2 replies | 29 view(s) | |
  • RBFCapital's Avatar
    Today, 07:49 AM
    we have a roofer with multiple offers but needs a buy rate of 1.32 as a first position to seal the deal. Anyone interested?
    2 replies | 29 view(s)
  • Tee's Avatar
    Today, 02:50 AM
    Hey Moving Money , we Fund positions 2- 12 , You need to make a monthly revenue of 150,000/ per month and have 5 trucks , and I can get you funded immediately. Please send your request to vantglobalres@gmail.com for commercial loan application
    15 replies | 1288 view(s) | |
  • MovingMoney's Avatar
    Yesterday, 05:06 PM
    diditevenfund , well said!
    3 replies | 267 view(s) | |
  • MovingMoney's Avatar
    Yesterday, 05:03 PM
    wanted to say thanks
    3 replies | 139 view(s) | |
  • closer129's Avatar
    Yesterday, 04:57 PM
    Did his busy season start yet? If so will that show in last month statement and mtd.
    3 replies | 53 view(s) | |
  • Franklin's Avatar
    Yesterday, 04:34 PM
    Various Merchant Cash Advance Lead types, and their pros and cons. * * UCCs Merchants who already took a cash advance. Value: Statistics show that almost 50% of merchants who take a cash advance will do so again at least 3 to 5 more times. They're not shell shocked by the high rates, they're comfortable with the sticky points of the process like the bank login and confession of judgment, and they know the benefit of how fast the cash disbursement is. Challenge: Since everyone knows the values of UCCs, where at one point (circa 2006 -2009) they were like shooting fish in the battle, now they are heavily saturated and annoyed, and quick to use every spectrum of the rainbow to guide their language towards you. * Generated Opt-ins: Aged Value: Merchants recently came in through online, sms, email, live transfer, or some other lead generation campaign to inquire about or pursue funding. So, they've shown interest, and they're not hit as hard as UCCs and usually are more receptive to your pitch. Challenge: They're all blind dates. You have an idea that they want you, but you don't know if you want them. Unlike Uccs, which all qualified for funding, these merchants come from high and low, and that's literally. You will have low revenue and low time in business as well as whales. You can usually filter out the smaller ones for an extra price, however. * Generated Opt-In: Aged Pipeline Value: Merchant took action to inquire about funding. Challenge: They're usually just information seeking or rate shopping and not ready to take action yet. They do convert, but you need to nurture/follow up, and they have a much longer turnaround time to conversion, 2-4 months usually. Bonus Value: These merchants are usually on their first go 'round, so if you take care of them, they tend to be more loyal, leading to a stronger renewal book. * A Paper Declines Value: Merchants that didn't meet credit requirements to work with top lenders, or their credit was so high, they felt they could find better and passed on the offer. Challenge: You need to have multiple financing programs and know how to deal with more savvy and responsible merchants. You also need to know how to get a merchant off his spaceship and back to earth regarding his true financial prospects. * Packs Value: Merchant took the time and effort to apply and go through the initial process, so very high intent. Challenge: Legal issues with distributing personal information without permission, saturation like Uccs, overseas scams. And applying and qualifying are not the same, as many merchants who apply will not qualify for anything. * B2B Data Value: Files are usually clean, and larger, and renewal book will be through the roof if this is a heavy part of your portfolio, as long as you take care of your merchants. Challenge: The hardest data type to prospect to. Ten to twenty times less responsive than opt-in leads. Requires the most skill by your salespeople, or automation. * UCCs Self Scraped Value: You're getting UCCs before competitors get them, giving you a short window of minimal saturation with a very high-quality lead. The window is short because there are some doing it currently. Challenge: Difficult and/or time-consuming process, which makes it very hard to scale. * Referral Leads _Bank _Accountant _Lawyer Value: Most will say this is the best type of lead (outside of an exclusive UCC, or a merchant you funded yourself). Because you're leveraging the strength of a previous trusted relationship, the merchant will do almost anything you tell him to do, even if it’s bad advice. Challenge: You have to cultivate outside relationships with key people or key organizations and have them trust you enough to send you their bread-and-butter customers. This takes time and positioning, or very strategic actions, and you won't see results overnight. It's also very hard to scale even when you have the relationships. * MCA Triggers (credit pull) Value: A merchant just had their credit ran to obtain a cash advance, so they're obviously hunting for money. Challenge: You weren't the one that ran their credit, so you have to be able to break the ice with the merchant. Having credit ran doesn't mean the merchant is okay with 38% money over a short term, so you still have to dissect, sell, and close. * Co-Registration leads Registered for another service and was prompted to see if they also wanted business funding. Value: It's similar to an opt-in lead in that the merchant took action to request information. Challenge: What and who they co-register with is very important. What they remember is very important. A merchant who signed up to take his kids to Lego Land, may have absent mindedly click that he may also be looking for funding. Sometimes they are incentivized to fill out your form, to receive something else they really want, and calling them becomes a waste of time. * Double Opt-In data Value: Merchant opt'd in to receive messages in regards to your industry. TCPA compliant, usually accurate data, and litigator free. Challenge: They're not specifically looking for funding now, (or ever) so it will take nurturing and time before you see any results. But usually lead to good renewal books long-term. www.UccRadar.com – Large sales volume merchants filling out your application.
    0 replies | 156 view(s)
  • Incbiz440's Avatar
    Yesterday, 04:10 PM
    You might be able to get a CDFI or microlender to touch that, but if you're looking to get paid you'd need an agreement.
    5 replies | 364 view(s) | |
  • Incbiz440's Avatar
    Yesterday, 04:05 PM
    Appreciate the advice - he's in need of something beyond a credit card. Nailed down something with a mission based lender previously and likely that will need to be the path again, but putting it out there if there's any additional options.
    3 replies | 53 view(s) | |
  • brokerCompany's Avatar
    Yesterday, 03:32 PM
    get his credit repaired and get a credit card
    3 replies | 53 view(s) | |
  • Incbiz440's Avatar
    Yesterday, 03:21 PM
    Small residential contractor looking for working cap to float a couple of upcoming projects. Came in under $100k in revenue last year. 600, one ucc, no mcas. Coming off of slow season so recent banks show limited activity. Limited equipment to leverage. TIA.
    3 replies | 53 view(s)
  • Esteban2000's Avatar
    Yesterday, 03:16 PM
    I've got a couple of excellent Underwriters in my network who are looking, BUT they would both have to be remote. If that's not a deal-breaker, please e-mail me at: steven@hunterconsultingllc.com Thx
    1 replies | 443 view(s) | |
  • JasonBishop's Avatar
    Yesterday, 03:15 PM
    Shirley is in there with the Price is Right on and the volume all the way up. Meanwhile her son is back in the spare bed room firing out fake documents.
    9 replies | 684 view(s) | |
  • ridextreme's Avatar
    Yesterday, 02:51 PM
    Hey, come on man, seriously?? How could you possibly give him that much credit? That's his mom's house!
    9 replies | 684 view(s) | |
  • jaffecapital's Avatar
    Yesterday, 01:53 PM
    Jaffe Capital- We cover from 1st-5th position A-C paper. Our Platinum program for 1st & 2nd are up to 18 months and pay up to 9 points on 1.33. Please reach out if you have any questions.
    13 replies | 928 view(s) | |
  • FCG's Avatar
    Yesterday, 01:41 PM
    what a nerd
    9 replies | 684 view(s) | |
  • abfunders's Avatar
    Yesterday, 01:32 PM
    In answer to the question posed on the top, the puzzle starts to be unraveled with the answers to the following questions: - What's the industry? - What's the FICO? - What's the collateral? AR, RE, inventory or is there any at all? - What's the senior debt? Most clients with that amount of revenue are probably sitting behind an SBA or bank LOC or a factor and that's why they ended up with the MCAs in the first place.
    3 replies | 139 view(s) | |
  • JasonBishop's Avatar
    Yesterday, 01:31 PM
    That house on Birchwood looks like a dump.
    9 replies | 684 view(s) | |
  • SendDocsPlox's Avatar
    Yesterday, 01:23 PM
    Imagine getting scammed by Carlos Mencia
    9 replies | 684 view(s) | |
  • DylanRegium's Avatar
    Yesterday, 01:04 PM
    Hey Rich, looks like you're signed up with us already. Shoot that deal over!
    17 replies | 1639 view(s) | |
  • Olderguy's Avatar
    Yesterday, 12:59 PM
    I got it bro. need financials, assets, inventory, A/R, etc...
    3 replies | 139 view(s) | |
  • TheUnderwriter's Avatar
    Yesterday, 12:56 PM
    Now thats an ID Photo. Looks like a clown
    9 replies | 684 view(s) | |
  • MovingMoney's Avatar
    Yesterday, 12:53 PM
    Merchant does between 2.5 million to 2.8 million monthly revenue, Merchant also has 4 MCA positions currently paying close to 200k weekly on payments. Who would be able to do a true consolidation? who would buy out the current MCA 4 positions. Or any other input would be appreciated. Thank You
    3 replies | 139 view(s)
  • jaffecapital's Avatar
    Yesterday, 12:36 PM
    Jaffe Capital- We cover from 1st-5th position A-C paper. Our Platinum program for 1st & 2nd are up to 18 months and pay up to 9 points on 1.33. Please reach out if you have any questions.
    2 replies | 201 view(s) | |
  • theonlyunderwriter's Avatar
    Yesterday, 11:38 AM
    its probably Steven Weaver - he is notorious for this. hes been doing it for 15+ years. ask your merchants if they received fake term sheets. check my post about him here: https://dailyfunder.com/showthread.php/26805-Steven-Roy-Weaver-SCAM-ARTIST-FRAUDSTER?p=191601#post191601
    4 replies | 2445 view(s) | |
  • Lmonus's Avatar
    Yesterday, 11:33 AM
    Ty for the heads up - Blacklisted.
    9 replies | 684 view(s) | |
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