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I hate for my first post on here to be a negative one but in my 12 years in the MCA business I’ve never seen a deal handled as poorly as my current situation with FND Capital . My client needed to make payroll and agreed to a 25 day 1.49 . Upon taking the funding call they are informed there will be a 30 % origination held which will be returned upon completion of the deal . The deal ended with full payback remitted April 26th however the ACH is still pulling and extra week at $1499 a day until last Friday may 2. To add insult to injury On March 20th FND Capital told commission will be paid after business 10 days . I call 12 days later to confirm and Jacob the “ managing director” says “ oh this is your first deal as an iso wed like to wait a little longer we will send it on April 18th. Of course the 18th rolls around no answer . Passover comes and goes and It is now may 6th and he has not answered a call or email from myself or the client , finally client calls from their employees cell phone and he picks up and says he’s sick he will call back 2 hours later. They reach him hours later and he says they are threatening him and owe him 10k for stacking ( they didn’t stack and renewed the previous position before him after his full RTR was paid because he has withdrawn an extra 14k from their account that they had designated for payroll. In summary , 25k deal paying back 37,500 the client net 17k and FND withdrew 52k total from their account (Client has additional 14k taken from their account ) . Still no answer and Commission also not paid on a deal originated March 20th. Stay away from FND by all means necessary.

Applied my rubber stamp "belongs in promotions"...but I need to get more ink though.

Password is 1234 lol

Do you only give the website password to funders?

Consider a long term, low interest asset based loan to wipe all that debt out. Find out if they have any assets - equipment, property, A/R aging, etc. Can you think outside the box - away from the MCA arena? Might be better options for your client

Was the funder named after a various fruit or vegetable? Im sure the funder would appreciate the shoutout on this one

we can do any $ amount as long as it fits our term. reach out to alexa@americanchoicecapital.com

Do you participate in debt financing?

Not true. we got it done under 1.40 with comm.

I can second Anthony here. We look deeper into these deals daily. Experience is not everything, but it is the biggest trait needed. Yes, some funder will take the deal, but at a 1.40 or higher.

I love when UW thinks they know every deal because they look at deals everyday. Experience is great but not everything. This market is always changing and some funder will take the deal. We dont force deals just have to present them. I appreciate some reaching out. We got it done at the terms the merchant needed.

The best leads are the ones that close

I just seem to be checking and seeing this spam stuff and beat Sean to moving the post....figured it reminds these FNP there are rules about spamming and posting....also figured it might rile you other grumpy guys like yourself and that gives me a laugh

Olderguy, why you sound so grumpy lately big guy? This used to be Yankeeman's shtick, until me and Sean had him removed from the building. Sounds like issues with the models.

Headway Capital is a huge legit loc lender. They even offer monthly payments... They're huge in the industry.

https://floodmail.net/ Shhhhh.....

You do understand that when your client sends out an application for funding, the broker or whoever he's sending it to need to get it approved by an actual lender, right? Headway is probably one of those lenders his app was sent to. Mystery solved.

Definitely a broker operating out of Brooklyn

Girl....please stop spamming the site...or the king de-spammer may attack you.

Nicole: This belongs in promotions. And if you read the guidelines there needs address, etc...

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