Activity Stream
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Older Activity
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Today, 01:54 PMIf they are truly seasonal get me a years worth of statements and i might be able to fund them. There is a possibility they can qualify for our adjustable ach so the payment does not hurt them in the slower months. This being a second position and you want 6-9 months the rate can be around 1.34-1.40 depending on credit and how far out we go. Most funders will be in the same range because it is a stack position. Reach out to me if you like. Scott Platto scott@tmrnow.com tmrnow.com 212-220-9872 -
Today, 01:49 PMDecline in revenues. they were doing 350k monthly. seasonal they will be back to work with similar deposits starting next month -
Today, 01:43 PM150k avg rev 2nd position sounds like a deal most funders would love to price and fund. Why is there an issue placing this deal? Are Balances bad? Did they just take funding last week? Seems like an easy to fund file no?
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Today, 01:37 PMI was not asking for 150k MCA, that is what his current monthly deposits ar 150k monthly. Invoice Factoring, equipment financing not a fit for the merchant. Also they just did not want a loan that showed up under personal credit inquiry or as a debt on the personal credit. If he get over 1.4 on a 2nd then we sell it. Just wanted to know who does the 2nds positions on seasonal type business. Thanks for all those who responded we are well aware of the other options that are out there but they dont work for this merchant
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Today, 01:27 PMHey man, Regium Funding does A-B paper deals, our terms are flexible, Merchant would be paying 1% per week for as long as they hold it for. -786-991-2997 dylan@regiumfunding.com
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Today, 01:20 PMNO WAY you are getting$150K as a second, when they average $150K. Also depends on what the first position offer was. 99% of funders out there will NOT offer more money or longer term on a second. Unless they are willing to go the invoice factor or SBA route (but those sources are going to want to have 1st pos on UCC, so they would look to buy out whatever is already out there), 1.4+ rates are what are going to be offered across the board
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Today, 01:16 PMWe are a small direct lender looking to hire an Underwriter or jr Underwriter. In Aventura/ North Miami Beach area. We offer a strong compensation and commission. Please contact Mike 786 436 78360 replies | 11 view(s)
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Today, 01:16 PMChambo replied to a thread Rapid Finance(SBFS) Not Responding After Funding in Merchant Cash Advancenever had any issues with Rapid. They pay twice a week, depending on when funded Funds M-W you get it on Friday, funds T-F you get it the following Tues.
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Today, 12:44 PMdiditevenfund replied to a thread Rapid Finance(SBFS) Not Responding After Funding in Merchant Cash AdvanceAnother day, another funder or lender showing cracks!
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Today, 12:42 PMThere is a signature loan where the business/assets can be attached. A personal guarantee loan, the lender can come after personal assets. I think there is some confusion about this. Explain it to your borrower. You can do cash do cash out equipment as a signature loan and not a personal guarantee.
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Today, 12:41 PMStar Capital does David Geller 9177632069 david@starcapitalny.com STAR CAPITAL NY STARCAPITAL-NY.COM 1771 51ST BROOKLYN N.Y. 11204
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Today, 12:39 PMStar Capital does David Geller 9177632069 david@starcapitalny.com STAR CAPITAL NY STARCAPITAL-NY.COM 1771 51ST BROOKLYN N.Y. 11204
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Today, 12:24 PMI love the concept that somehow an MCA isn't tied to his personal name but a business loan is... They think that they are not personally liable if something goes wrong with an MCA but on a business loan they immediately come after the house and the car
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Today, 12:08 PMThanks we have explored those other options we just need a 2nd position for this merchant. He has 740 credit and does not want anything tied under his personal name.
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Today, 12:07 PMBluevine terrible products. They would approve something for 50k another funder would easily offer 150k. Glad I did not do much business with them. Scummy move to not pay residuals. All other funders I have dealt with still pay me residuals even If I dont do business with them
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Today, 11:56 AMHey - Anyone having issues getting through to Rapid? I've called three different people, their main line and I sent an email the other day regarding a renewal that was Funded(Confirmed Wire Sent) a few days ago. Last deal with them, they dragged feet for over a week on commission payment. Been working with them since 2019 and only work with A tier lenders to avoid issues like this. Anyone else have any issues like this recently?2 replies | 107 view(s)
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Today, 11:06 AMMNY Capital funds previous defaults. Dose merchant have any positions after the default?
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Today, 11:05 AMPretty spot on here. I think Bluevine has/had a decent product, but like a lot of things, crap brokers tend to ruin a lot of things. Bluevine was never easy to deal with, a lot of rep changes, sloppy behavior etc. They are one of only a couple funders/lenders we had problems with in that area in many years. We stopped using them right before covid, and am even more glad now since I am not part of the getting stiffed crowd.
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Today, 10:56 AMdiditevenfund replied to a thread Onboarding new isos boom funded..... A paper... Positions 1 to 3.... 12 months... in Promotionsspam away bro
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Today, 10:56 AMRayc4 started a thread Onboarding new isos boom funded..... A paper... Positions 1 to 3.... 12 months... in PromotionsNEW ISOS CALL OR EMAIL ME TO GET SET UP! Raymond Ciervo Boom Funded C: 754.207.7380 O: 888-480-BOOM ray@boomfunded.com www.BoomFunded.com0 replies | 21 view(s)
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Today, 10:48 AMOlderguy replied to a thread Onboarding new isos boom funded..... A paper... Positions 1 to 3.... 12 months... in PromotionsBro - please read the forum guidelines...this belongs in promotions...and spamming old posts is in poor taste...
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Today, 10:40 AMRayc4 started a thread Onboarding new isos boom funded..... A paper... Positions 1 to 3.... 12 months... in PromotionsBoom funded MCA Approvals UP TO 5 MILLION... 12 MONTH MAX TERM. BEST RATES AND TERMS I WORK FAST, AND WE PRIDE OURSELF ON OUR COMMUNICATION AND OUR RELATIONSHIPS! I am an underwriter with Boom Funded. We are seeking partnerships with experienced brokers like you to collaborate on funding business loans. If you are interested in exploring this opportunity further, please let me know, and we can discuss how we can work together to provide financing solutions to businesses in need. * 1ST -3RD position Approvals. * Terms - up to 12 Months * Daily & Weekly Payments * Commission Payouts - up to 12 Points on All deals * Same Day Funding * Fast Approvals( Usually within 1-2 Hours) New ISO's, Please send an email to RAY@BOOMFUNDED.COM to get onboarded. OR GIVE ME A CALL TO MY CELL LISTED BELOW Raymond Ciervo Boom Funded C: 754.207.7380 O: 888-480-BOOM ray@boomfunded.com www.BoomFunded.com2 replies | 95 view(s)
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Today, 10:13 AMCall me, I am the underwriter with Boom Funded.. 754 207 7380
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Today, 10:11 AMI do, im the underwriter with boom funded. Email or call me ray@boomfunded.com 754 207 7380
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Today, 10:07 AMSo I looked up a few of their account reps at Bluevine, and some of them have indeed moved on, but others have stayed on. That was pretty low to just cut us off without at least paying residuals on the existing files. It's within our contracts, but to use us as a springboard to merchants in and then just cut us off was pretty low. That being said, I don't think many brokers in our circles liked them as much as I did, since brokers were constantly stacking them or using them to double-fund and saying "you have a term product AND a LOC now!" when Bluevine would just cut off the LOC when they see the MCA there, so their broker channels were not probably very profitable.
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Today, 10:04 AMSounds like stand up bunch of people at Bluevine.
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Today, 09:51 AMIn your experience, How do trigger leads compare to UCC's?
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Today, 09:49 AMWe fund previous defaults if they have MCA pay history post default. As a general rule we require the default to be satisfied, but in some cases we'll fund an open default if they have good MCA pay history post default.
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Today, 09:44 AMA second position on seasonal business is the worst option with high factor rates and daily payments. I realize that is the mindset of most here but please consider looking at options that an offer monthly payments at much lower rates and payments. Cash out on equipment....maybe 20% and 3 years+ (fund in a week) Hard money real estate 1% a month interest only. Personal loan might be 12% monthly payment. As Elon mentoned A/R aging financing, cash from contracts are also better choice options.
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Today, 09:08 AMLooking for lenders who can fund previous defaults.3 replies | 73 view(s)
