Activity Stream

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.

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.

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

Steven Weaver is back at it. This guy is notorious for creating several different ISO shops using fake names. We have seen him use: BPS Capital ICCS Corp United Equity Growth Group Corp ECM ASSET CORPORATION dba Business Term Loans Online He creates fake term sheets to show customers they are approved for 10x what the real offer is. Then he tells them to take the first installment and they will get the rest, except they never do and he disappears. DO NOT FUND HIS DEALS. He lies to all of his customers. He has been sued by FOX and EIN https://trellis.law/case/36061/151590-2022/fox-capital-group-inc-v-steven-roy-weaver-united-equity-growth-group-corp https://trellis.law/case/36047/517948-2022/ein-cap-inc-v-united-equity-growth-group-corp-steven-roy-weaver I have included his DL and fake term sheets. Be wary.

Reaching out for help on this....I have a client that unfortunately needs an MCA. We have 4 outstanding MCAs that are about to fall off (Outstanding balance is $50k). Long story but is there an MCA lender (NO BS!!!! I will call you out on it) that can buy out the 50k become a 1st and allow my client to net 150k? He is in the construction industry (Developer), healthy TIB, Banks can support this, has some history (when over extended) slowed/modified payments in the past. Can anyone help?