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Who wants to do broker deals with a scammy lender? How does a canadian lender get to go against their own contract just because they are in canada? The broker agreement says lender must pay commission within 7 business days with a 30day clawback. Told us (the broker) we won't get paid on a deal until it's paid off. It has been 19 days now but they are telling us because a few payments bounced (but were paid) they are withholding for 3 months until the loan is majority paid because the account is in default, but the account never defaulted. How is that even possible?

DailyFunder Community, I have always maintained transparency in all my posts about Centrex Software and our service to the alternative corporate finance community. We are dedicated advocates of the entire corporate finance space and operate our business with the utmost integrity. We deeply value our relationships with each of our clients, vendors, and partners. We want you to hear from us directly before any false rumors or claims circulate within the industry. On May 21, 2024, Centrex Software became aware of a vulnerability within our service provider's system that was exploited by an unidentified, unauthorized party, potentially allowing access to client documents stored in our service provider's systems. We immediately worked with our service provider as they launched their incident response protocol to investigate the incident’s details, including to identify the responsible party, confirm the root cause, and verify the type of data that may be involved. They were able to successfully resolve the vulnerability by 5:45pm CST on May 21, 2024. Currently, our team is focused on a comprehensive analysis to ensure we understand the full scope and nature of the incident. This analysis is augmented by external cybersecurity specialists at Kroll, SureFire Cyber, and our outside counsel. The FBI has been notified of this incident and we are making progress in determining who may be responsible for these actions. We fully intend to prosecute those involved in this egregious act. While the immediate security concern has been addressed, we are taking steps to prevent future occurrences. We will share additional information as it becomes available, including any updates from law enforcement, and we will provide guidance on our customer and consumer notification process once our investigation is complete. We will update the following FAQ with new information as it becomes available. What was the issue identified? We identified that code in a legacy client portal exposed a vulnerability in which an unauthorized third-party exploited client documents. It was discovered and patched on May 21, 2024. We are working closely with our cybersecurity specialists to confirm these details. Why am I just being notified now on June 3rd 2024? Our service provider's incident response protocol is a strict process and takes time to make sure Centrex Software customers are aware of the facts. Was this ransomware? No, this is not a ransomware incident. Who is your service provider? Set Forth, Inc. (“Forth”) provides the intellectual property and maintenance services for the Centrex Software platform. We are working closely with them to investigate this incident. How did Centrex respond? We engaged legal counsel and cyber forensics quickly upon discovery in accordance with our policies. We preserved all available logs for analysis, as well as requesting logs from our third-party providers. What information was involved? Our investigation into the incident remains ongoing. Once the investigation is complete, and if our review determines any customer or personal information is involved, we will notify the appropriate parties in accordance with our legal obligations and state and Federal law. We understand the importance of this information and will ensure that this process is carried out as quickly and efficiently as possible. Who can we contact if we have more questions? All questions concerning the incident should be submitted to incidents@centrexsoftware.com. We will respond to each question as soon as we can and appreciate your patience and understanding through this process. We work hard every day to provide our clients a secure, reliable system, and to operate our business with the utmost integrity and transparency. We welcome any questions or comments you may have, and we remain committed to delivering on our promises to you. Kind Regards, Trey Markel VP Sales & Marketing (888) 622-5810 www.CentrexSoftware.com

Anyone else see this daily funder not worth much. All you have is the older guy spamming and more scammers on this site.

I am looking for a reputable super broker who pays a fair commission split and also pays on renewals. Most A paper funders are not onboarding new ISOs so we are willing to partner with a super broker. Any insight is greatly appreciated.

Best ACH processors these days? GoAch, who else?

Who funds Bluevine statements?

Top reps - where are we sitting at for the year ? Anyone brave enough to share units / revenue / volume year to date?

Hey everyone we are offering 15 points to all new brokers that fund with us in June. We Fund A-D paper with lengths of deals ranging from 20-150 days. We fund up to 1 million. We are looking to have a massive month and we want to do that with you guys. Best Regards, Sam Roth| Managing Partner Email: Subs@Electrafunding.com Phone: 516-757-8601

Client seeking $1.9MM for Bitcoin Mining servers and computers. Client's firm has 25 percent for equity injection. They are a start-up and prefer no Personal Guarantor if possible (Already know that's probably a long-shot). Please advise if interested. Thank you

Hey guys Please let me know some funders that are willing to fund ITIN?

As per the title, I'm looking for a lender who will do a cash out loan for a mixed-use property (55% residential). Let me know if you can introduce me to somebody. Thanks.

Any funders these days taking deals with a TIB of 3 months?

Hello Everyone I'm looking for a platform that will let me do Blast texting for MCA Anyone have any suggestions or what I should do?

Small 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.

Solid deal, need 2nd pos. Restaurant/Bar out of Puerto Rico... Call me if you're lending there, would love to start a new relationship, thank you. (502)909-4136

Neubert, 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.

Hey ya'll, just wondering people's thoughts on where the industry is heading with the arrests that happened this year. What do you think people get away with rn that they might not in 6 months?

Who is still out there doing OTR loans. Min 5 tractors on safer and 3 yrs TIB and up? App only? Fleet deals? NO o/o

Defaulted a year and half ago. Strong balances now. 150 to 200k in revenue anyone?

Our company was established in 2018. We are looking for AR Funding. We have $500k in AR that are coming due in the next 2-3 months. Our monthly deposits are up and down due to our pay model. Clients can choose to pay us up front and pay a lower fee for our services or they can choose to defer the fee and pay us later. We have signed agreements with all clients. Our clients are not businesses, they are individual 1099 contract workers. Over the past 5 Months most of our clients chose the deferred payment option so our deposits are as follows over the past few months. $12k, $59k, $53k, $23k, $8k, $24k.---- We are wanting a loan based on our AR of $500k, not a loan based on our last 5 months bank statements. If you are someone who can do this or has contacts please email me at support@reserveunlimited.com ---let me know what you think you can do as we as your contact information and me and my partner will contact you asap. Thanks so much

Who are these guys? There isn't an address on their website. Is it Mantis, rebranded?

Here is what I have seen since I have been in MCA since 2012 --there have been huge changes --and my biggest competition are the funders. Legit teams are killing it originating their own deals with quality leads without Numbers and Banks https://loyolamediagroup.com/mca-leads-2024/ CJ Flaherty 781-690-5077 cj@loyolamediagroup.com www.loyolamediagroup.com IG cjf_lmg tic tok cjf_lmg https://www.linkedin.com/in/cjflaherty/

Are these guys legit?