Activity Stream
All times are GMT -4. The time now is 04:22 PM.
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Older Activity
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Today, 04:12 PMCloudSquare Broker (formerly BrokerSuite) is specifically designed for brokers in the Merchant Cash Advance (MCA) industry, leveraging the capabilities of the world's leading CRM platform, Salesforce. This robust solution enables seamless integration with your online application and thousands of third-party applications available on the Salesforce AppExchange. It facilitates submission to lenders via email or API, while also providing comprehensive tracking of offers, commissions, renewals, and more. With CloudSquare Broker, you can have peace of mind knowing your data is securely protected. Feel free to email me to set up a live demo. dmikhailov@cloudsquare.io
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Today, 03:50 PMlrocklin started a thread Change to Prejudgment Remedy (PJR) in MCA Collection Actions in Connecticut in Merchant Cash AdvanceNeubert, Pepe & Monteith, P.C. is a law firm in Connecticut that represents MCA funders in collection actions. The Prejudgment Remedy (PJR) law in Connecticut is scheduled to change on July 1, 2024, per Public Act 23-201 (Act). We have published an article that outlines the changes to the PJR law for MCA collection actions, as we presently understand them. A link to the article is here: https://npmlaw.com/article/public-act-23-201-change-to-prejudgment-remedy-pjr-in-merchant-cash-advance-mca-collection-actions-in-connecticut/ In summary, the Act as drafted (i) does not change the PJR waiver attachment procedure in cases where the MCA financing amount is more than $250,000, and (ii) limits the use of a PJR waiver to after commencing litigation, and not upon, in cases where the MCA agreement is entered into on or after July 1, 2024, and the amount of financing is $250,000 or less. Note: The article contains our understanding and opinions as of the date of the article. It is not known how the courts will interpret the Act, including if in accordance with our article. No attorney client relationship exists by reading our article. Lucas Rocklin, Joseph Dunaj, John Szalan Neubert, Pepe & Monteith, P.C.0 replies | 44 view(s)
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Today, 03:12 PMVader, Bitty, Superfast, Epic, EBF
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Today, 02:18 PMAn SBA would help. If the merchant is looking for an MCA bridge with a low cost, we could help. The merchant could pay 1% per week and pay off at any time, 10 months is the max dylan@regiumfunding.com 786-991-2997
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Today, 02:15 PMJust thought I'd update this thread, I called the guys at Flagler Advance and asked them about some of the questions here. I spoke with James, and asked them about this thread specifically lol - And long story short, everything made sense, they hired a website development team, that used a template, and the developers pretty much copied previous work from a previous client. I also will attest they funded a high risk deal, that went bad on them first payment, merchant was a POS, but I helped resolve the issue for them. Merchant was a former owner of Iron Addict gym(google), anyways they still paid me 2 points on the deal, even though they only got 1.07(however, it was paid back in 3 weeks). I was not upset at all, I thought it was fair play to be honest, and I will be sending them more deals. They overlooked this guys previous default and criminal record, and when the deal went bad after they collected paid me 2 pts. they're stand up.
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Today, 01:15 PMStill lending
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Today, 12:22 PMBitty
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Today, 11:50 AMSam@electrafunding replied to a thread 15 points to first deals funded together in June!!! in Promotions1st
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Today, 11:26 AMWe fund Merchant's that bank with BlueVine
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Today, 11:25 AMNo Industry is Immune from Attacks https://ien.formstack.com/forms/industrial_media_security_breach_podcast
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Today, 10:55 AMHaving Steve help with the SBA 7A would be a great option. If the merchant is looking for something quicker, I provide an mca that mimics a line of credit. Can fund them right now right away and when they need a renewal, I can do a simple add on rather than refinance the balance. (Payment stays the same, they get more money and we wait until primary balance is paid off to start collecting on next round of funds) call or email to discuss more. I was an underwriter here for many years before taking on this role as a broker relations manager... hopefully we can find your client a proper solution
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Today, 10:39 AMCareful of KMT Funding, someone on the forum said that they're connected to World Global Fund (Solomon for those who know)
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Today, 10:39 AMI know for sure I have declines from EBF in my inbox on Bluevine statements
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Today, 10:36 AMI know for sure EBF does
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Today, 10:27 AMIf you're a new company and are more in the higher risk side of the MCA space, GoACH may be the only company that will work with you without a reserve (98% of the time)
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Today, 09:36 AM15 points on first "deals" funded? How many deals? First 10, 20, or what? Thank you.
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Today, 08:09 AMI am doing a SBA 7A for one right now. Just got the committment for $500,000
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Today, 02:43 AMSmall business but well qualified - good pc, nice margins, zero debt - looking for working cap and a line would be the absolute ideal. This could include PSF agreement needed community banks with hunting enthusiasts on the board. Well aware its an industry on the sh*tlist.3 replies | 121 view(s)
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Today, 02:11 AMLendistry but not app only, North Mill, New Lane, CH Brown... others
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Yesterday, 08:28 PMtoo small for us min 500k. Perhaps one of the guys on this thread can help. best
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Yesterday, 08:02 PMtry these...last one was a referral from Marcus. Menachem at Caplitalize Group at 347.519.2822 - Marcus at Capaybara 561.404.1674 Jake at KMT Funding - 347 617 2192
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Yesterday, 07:26 PMWho funds Bluevine statements?7 replies | 343 view(s)
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Yesterday, 06:45 PMWhen did PayPal start offering ACH? What are the fees?
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Yesterday, 05:49 PM...if you get bored, go back and read old threads. I'd go back as far as possible so you can get some history and perspective. I literally learned the industry in 2014, logging on here and reading through every post and thread there was... Learn about what happened to Bob, the Karens, learning WhoIsKingsley before TCB, and maybe you can bring bck a little more of what it used to be (a forum of knowledge and helpers!)... meeting people here at Debanked is cool, and learning a lot about both companies and people (even ones you thought were on the up and up!). I love this site. Sure, it isn't what it was before - but I still visit DAILY! :)
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Yesterday, 05:49 PM75% LTV if 650 or better Fico. 10 year fixed I/O, then amortized 20....might be like 11% range
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Yesterday, 05:42 PMahhhh, 2024 in the MCA space.
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Yesterday, 05:33 PM"A-D PAPER 20-150 DAYS'' lol -
Yesterday, 05:27 PMwise man
