[MCABroker]

... why would anyone give you half??? Id rather go work for a funder and make 40% on everything brought in instead of some lame thhat doesnt even have a website!! **** give me 50% I actually work at a funding company!!!

[Quick Funding Solutions]

... why would anyone give you half??? Id rather go work for a funder and make 40% on everything brought in instead of some lame thhat doesnt even have a website!! **** give me 50% I actually work at a funding company!!!

I believe she is referring to bringing your files to more complex avenues of funding outside of the MCA world. The average MCA broker does not have the relationships with banks, private lenders, hedge-funds, family offices ect. nor the knowledge/experience to get those files done! If my assessment is correct, I believe a 50-50 split is fairly generous on her part

[MCABroker]

I believe she is referring to bringing your files to more complex avenues of funding outside of the MCA world. The average MCA broker does not have the relationships with banks, private lenders, hedge-funds, family offices ect. nor the knowledge/experience to get those files done! If my assessment is correct, I believe a 50-50 split is fairly generous on her part

a 50/50 split is worth it if youre dealing with a reputable company.... who has ever heard of fundwired?? So your saying some random poster that doesnt even have a website is gonna have hedge funds and family offices funding their deals?

[Quick Funding Solutions]

a 50/50 split is worth it if youre dealing with a reputable company.... who has ever heard of fundwired?? So your saying some random poster that doesnt even have a website is gonna have hedge funds and family offices funding their deals?

So just to clarify- your issue is not her price, your issue is that you dont believe she is bringing you any value. Thats fair- However, I would suggest you look deeper into it before just assuming she adds no value. I know many people that play in the same parks as I do (Family Offices, Hedge-funds ect....) and dont have an online presence

[ava712]

WWW.FUNDSWIRED.COM is the website.

[WestCoastFunding]

WWW.FUNDSWIRED.COM is the website.

Services offered on Fundswired website:


Debt Restructuring

Reduces Debt and Extends It Over a Longer of Period, with Affordable Payments
Can Reduce Debt by up to 50%
Restructure Program Can Help with Eligibility for New, Fresh Start Loan
Helps Avoid the High Cost of Bankruptcy
Bundles All Debt into One Easy Payment
See Up to 60% More Cash Flow
Lowers Interest Rates
Stops Harassing Phone Calls from Debtors
Cost Effective for Small Businesses
Helps End Litigation

https://www.fundswired.com/home/debt-restructuring/


What the **** is this?

How do you reduce the overall debt without breaking the contract between the merchant and funder? Do you have the merchant stop payments? Do you have lawyers negotiate 50% reduction in debt? How is this legit?

For someone that claims they’ve been around forever brokering MCAs, is sort of insane/shameless you’d be advertising corporate turnaround on your site.

[ava712]

Debt Restructuring

Reduces Debt and Extends It Over a Longer of Period, with Affordable Payments
Can Reduce Debt by up to 50%
Restructure Program Can Help with Eligibility for New, Fresh Start Loan
Helps Avoid the High Cost of Bankruptcy
Bundles All Debt into One Easy Payment
See Up to 60% More Cash Flow
Lowers Interest Rates
Stops Harassing Phone Calls from Debtors
Cost Effective for Small Businesses
Helps End Litigation

https://www.fundswired.com/home/debt-restructuring/


What the **** is this?

How do you reduce the overall debt without breaking the contract between the merchant and funder? Do you have the merchant stop payments? Do you have lawyers negotiate 50% reduction in debt? How is this legit?

For someone that claims they’ve been around forever brokering MCAs, is sort of insane/shameless you’d be advertising corporate turnaround on your site.[/QUOTE]

Dear Class Act: OBVIOUSLY YOU ARE NEW TO THIS INDUSTRY AND ONLY LIVE IN YOUR TINY MCA world.

There are many ways of paying off MCAs WITHOUT BREAKING THE CONTRACT, OR DOING MODIFICATION OR CONSOLIDATION!!!!!!!!!
#1) Many business owners own property, usually where their business is located or as another an investment. If they own property, I can get them up to 75% LTV of the equity they have in the property, usually@ 6.99% APR /5 year Principal and Interest/ NO Balloon, with good credit, or 12%-18% APR with iffy credit. The lender pays off the MCAs because they have to go in 1st position(many MCAs offer a 6-10% discount for paying off sooner), and usually I can get the merchant more money, if there is enough equity. This gets the merchant out from under the burden of high MCA payments into more reasonable monthly payments.

If they have a business with ACCOUNT RECEIVABLES I can do the same thing.

[ava712]

Posts
32

Debt Restructuring

Reduces Debt and Extends It Over a Longer of Period, with Affordable Payments
Can Reduce Debt by up to 50%
Restructure Program Can Help with Eligibility for New, Fresh Start Loan
Helps Avoid the High Cost of Bankruptcy
Bundles All Debt into One Easy Payment
See Up to 60% More Cash Flow
Lowers Interest Rates
Stops Harassing Phone Calls from Debtors
Cost Effective for Small Businesses
Helps End Litigation

https://www.fundswired.com/home/debt-restructuring/


What the **** is this?

How do you reduce the overall debt without breaking the contract between the merchant and funder? Do you have the merchant stop payments? Do you have lawyers negotiate 50% reduction in debt? How is this legit?

For someone that claims they’ve been around forever brokering MCAs, is sort of insane/shameless you’d be advertising corporate turnaround on your site.[/QUOTE]

Dear Class Act: OBVIOUSLY YOU ARE NEW TO THIS INDUSTRY AND ONLY LIVE IN YOUR TINY MCA world.

There are many ways of paying off MCAs WITHOUT BREAKING THE CONTRACT, OR DOING MODIFICATION OR CONSOLIDATION!!!!!!!!!
#1) Many business owners own property, usually where their business is located or as another an investment. If they own property, I can get them up to 75% LTV of the equity they have in the property, usually@ 6.99% APR /5 year Principal and Interest/ NO Balloon, with good credit, or 12%-18% APR with iffy credit. The lender pays off the MCAs because they have to go in 1st position(many MCAs offer a 6-10% discount for paying off sooner), and usually I can get the merchant more money, if there is enough equity. This gets the merchant out from under the burden of high MCA payments into more reasonable monthly payments.

If they have a business with ACCOUNT RECEIVABLES I can do the same thing.

[Michael I]

Posts
32

Debt Restructuring

Reduces Debt and Extends It Over a Longer of Period, with Affordable Payments
Can Reduce Debt by up to 50%
Restructure Program Can Help with Eligibility for New, Fresh Start Loan
Helps Avoid the High Cost of Bankruptcy
Bundles All Debt into One Easy Payment
See Up to 60% More Cash Flow
Lowers Interest Rates
Stops Harassing Phone Calls from Debtors
Cost Effective for Small Businesses
Helps End Litigation

https://www.fundswired.com/home/debt-restructuring/


What the **** is this?

How do you reduce the overall debt without breaking the contract between the merchant and funder? Do you have the merchant stop payments? Do you have lawyers negotiate 50% reduction in debt? How is this legit?

For someone that claims they’ve been around forever brokering MCAs, is sort of insane/shameless you’d be advertising corporate turnaround on your site.

Dear Class Act: OBVIOUSLY YOU ARE NEW TO THIS INDUSTRY AND ONLY LIVE IN YOUR TINY MCA world.

There are many ways of paying off MCAs WITHOUT BREAKING THE CONTRACT, OR DOING MODIFICATION OR CONSOLIDATION!!!!!!!!!
#1) Many business owners own property, usually where their business is located or as another an investment. If they own property, I can get them up to 75% LTV of the equity they have in the property, usually@ 6.99% APR /5 year Principal and Interest/ NO Balloon, with good credit, or 12%-18% APR with iffy credit. The lender pays off the MCAs because they have to go in 1st position(many MCAs offer a 6-10% discount for paying off sooner), and usually I can get the merchant more money, if there is enough equity. This gets the merchant out from under the burden of high MCA payments into more reasonable monthly payments.

If they have a business with ACCOUNT RECEIVABLES I can do the same thing.[/QUOTE]

and how can you say "Can Reduce Debt by up to 50%" if that is the program of paying off debt not reducing ? what am i missing here ?

[WestCoastFunding]

There are many ways of paying off MCAs WITHOUT BREAKING THE CONTRACT, OR DOING MODIFICATION OR CONSOLIDATION!!!!!!!!!
#1) Many business owners own property, usually where their business is located or as another an investment. If they own property, I can get them up to 75% LTV of the equity they have in the property, usually@ 6.99% APR /5 year Principal and Interest/ NO Balloon, with good credit, or 12%-18% APR with iffy credit. The lender pays off the MCAs because they have to go in 1st position(many MCAs offer a 6-10% discount for paying off sooner), and usually I can get the merchant more money, if there is enough equity. This gets the merchant out from under the burden of high MCA payments into more reasonable monthly payments.

If they have a business with ACCOUNT RECEIVABLES I can do the same thing.

This is so ****ing stupid. Do you lack mathematical skills, lack logic, or just shamelessly trying to deflect from the fact you offer corporate turnaround?

As mentioned, you said you can reduce the debt by 50%. Let’s do some basic math:


Merchant owes Rapid Advance $100,000. Are you claiming that by using real estate you can somehow get a lender to payoff the $100,000, and the merchant will only owe the new funder $50,000? Does that even make the slightest sense?

Get the **** out of here.

[ava712]

a 50/50 split is worth it if youre dealing with a reputable company.... who has ever heard of fundwired?? So your saying some random poster that doesnt even have a website is gonna have hedge funds and family offices funding their deals?

IT'S NOT FUNDWIRED, It's FUNDSWIRED.COM and YES I have had this same website address since 2010, and Yes I deal with hedge funds, among many other lenders.

[J.Celifarco]

IT'S NOT FUNDWIRED, It's FUNDSWIRED.COM and YES I have had this same website address since 2010, and Yes I deal with hedge funds, among many other lenders.

the second you promote corporate turnaround or any of those companies you lose all legitimacy in my mind

[JMB]

the second you promote corporate turnaround or any of those companies you lose all legitimacy in my mind

Agreed, how do you come on a funding forum and bring that up as an option thinking that is ok

[ava712]

the second you promote corporate turnaround or any of those companies you lose all legitimacy in my mind

You have no idea what Im talking about! I was talking about replacing a MCA with the following, if the merchant has Property, Or Another similar program that does Not require more than $35,000 Gross Annual Sales. I was NOT TALKING ABOUT MODIFICATION OR ANYTHING SIMILAR!!!!

Type: Term Loan/Asset
YRS: 12-48 mos
Rates: 1.12% to 1.18%
Time: 5-7 Business Days
Amount: $100,000 to $2MM+ OR 10-15% Of Gross Annual Sales
Payment: Monthly ACH
__________________________________________________ __________

QUALIFICATIONS:
-FICO: 620+
-Must: Own A Business
-Annual Gross Revenue: Must Exceed $1MM
-NO: Bks/Tax Liens/Judgements
-Must Have: Real Estate to Collateralize Loan Utilizing 100% LTV, taking 2nd 3rd Position on AVAILABLE EQUITY, up to the Loan Amount.
-Loans Are Based On:
1) Creditworthiness
2) Business Cash Flow
3) Real Estate Collateral
NOTE:
-No Raw Land
-Has to Be Property on Land
-Primary Residence, OK,
(Except in Homestead States)
-No More Than 3 NSFs in Bank Statements

[WestCoastFunding]

You have no idea what Im talking about! I was talking about replacing a MCA with the following, if the merchant has Property, Or Another similar program that does Not require more than $35,000 Gross Annual Sales. I was NOT TALKING ABOUT MODIFICATION OR ANYTHING SIMILAR!!!!

Type: Term Loan/Asset
YRS: 12-48 mos
Rates: 1.12% to 1.18%
Time: 5-7 Business Days
Amount: $100,000 to $2MM+ OR 10-15% Of Gross Annual Sales
Payment: Monthly ACH
__________________________________________________ __________

QUALIFICATIONS:
-FICO: 620+
-Must: Own A Business
-Annual Gross Revenue: Must Exceed $1MM
-NO: Bks/Tax Liens/Judgements
-Must Have: Real Estate to Collateralize Loan Utilizing 100% LTV, taking 2nd 3rd Position on AVAILABLE EQUITY, up to the Loan Amount.
-Loans Are Based On:
1) Creditworthiness
2) Business Cash Flow
3) Real Estate Collateral
NOTE:
-No Raw Land
-Has to Be Property on Land
-Primary Residence, OK,
(Except in Homestead States)
-No More Than 3 NSFs in Bank Statements

You claimed the product you sold reduced debt by 50%. Hard money loans (what you describe above) do not reduce debt by 50%. It literally INCREASES the debt.

So what product were you referring to that reduces debt by 50%? If someone owes $100K, how does the product reduce the debt to $50K as you claim?

[HDF]

Type: Term Loan/Asset
YRS: 12-48 mos
Rates: 1.12% to 1.18%
Time: 5-7 Business Days
Amount: $100,000 to $2MM+ OR 10-15% Of Gross Annual Sales
Payment: Monthly ACH

What the hell is this for a loan rate??
"Rates: 1.12% to 1.18%"

2nd, 3rd position on 100% LTV. Amazing

[Karen37a]

I believe she is referring to bringing your files to more complex avenues of funding outside of the MCA world. The average MCA broker does not have the relationships with banks, private lenders, hedge-funds, family offices ect. nor the knowledge/experience to get those files done! If my assessment is correct, I believe a 50-50 split is fairly generous on her part

I agree with this

I was giving 60-70% depending on participation

[ava712]

Thank you!

[ava712]

I agree with this

I was giving 60-70% depending on participation

Thank you!

[Karen37a]

Thank you!

You need to take the debt relief off of your website and stop offering it here.

You have to have certain disclaimers as per the Federal trade commission and also various laws and codes etc to advertise for those things

“We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.” or a substantially similar statement.
(b)
(1) An advertisement of bankruptcy assistance services or of the benefits of bankruptcy directed to the general public includes—
(A) descriptions of bankruptcy assistance in connection with a chapter 13 plan whether or not chapter 13 is specifically mentioned in such advertisement; and
(B) statements such as “federally supervised repayment plan” or “Federal debt restructuring help” or other similar statements that could lead a reasonable consumer to believe that debt counseling was being offered when in fact the services were directed to providing bankruptcy assistance with a chapter 13 plan or other form of bankruptcy relief under this title.
(2) An advertisement, directed to the general public, indicating that the debt relief agency provides assistance with respect to credit defaults, mortgage foreclosures, eviction proceedings, excessive debt, debt collection pressure, or inability to pay any consumer debt shall—
(A) disclose clearly and conspicuously in such advertisement that the assistance may involve bankruptcy relief under this title; and
(B) include the following statement: “We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.” or a substantially similar statement.


** seek out advice from an Attorney...when someone sues you back you will need one

[ava712]

fundswired.com is website. So, you'd rather make 40% than 50 %? LOL

[ava712]

... why would anyone give you half??? Id rather go work for a funder and make 40% on everything brought in instead of some lame thhat doesnt even have a website!! **** give me 50% I actually work at a funding company!!!

So, you'd rather get 40% than the 50-50% split the 6 ISOs that work with me now get? And if you are really working at a funding company what can you offer as an alternative if there is no way to fund a deal? Maybe you are looking at the HELP WANTED section because you're not so happy where you are? The website is FUNDSWIRED.COM, PLURAL, NOT FUNDWIRED.COM. The website and the company have been around since 2010. FYI: McDonald's offered only a basic cheesburger FOR YEARS, until they got competition and had to change strategies and offer A LOT MORE to be successful!

The MCA business is changing rapidly and those who don't change with it by this time NEXT YEAR will be left in the MCAs dust wondering what happened because GIGANTIC companies like PAYPAL, that are currently charging 18% APR for a MCA, (and who dont hire outside ISOs) will be eating up all their deals. And coming very soon, Capital One and more credit card companies, who have tons of cash will entering the MCA space and doing the same.

I offer ISOs much more loan products than any funding company, who offer ONLY MCA type loans, including the big companies like ON DECK, IOU, etc. Maybe you haven't heard of fundswired.com because we are NOT SYNDICATORS. And maybe you didnt realize we had a website because you spelled the website wrong.

What I offer is a chance to DO IT ALL! Instead of making money only on a MCA that may or may not fund for many reasons, why not make MORE money by also offering ALTERNATIVES, such as Long and Short Term Loans, Purchase Order Financing, Invoice Financing, Equipment Financing and Leasing, Buying and Selling Businesses, to name a few. Why not take current files and leads, which are dying under the weight of too many positions and offer a longer term loans or other loan vehicle that may be able to pay off those positions, and give the borrower more cash, longer terms and smaller payments? Why not get 50% of those loans which go up to $20MM? And down the road, with MCA positions gone, there is the opportunity to offer that same merchant a first position MCA and make even more money!

Anyone interested, Id love to talk with you!: www.fundswired.com 877-600-FUND

[ava712]

www.fundswired.com is website

[JMB]

www.fundswired.com is website

And it still says the same thing....nowhere does it mention they need to use assets to do it

[ava712]

So what? Thats the whole point, they have to call to find out how to do it.