Activity Stream - DailyFunder Forums
Need a Funder or Vendor? START HERE

Activity Stream

All times are GMT -4. The time now is 10:51 AM.
Filter
Sort By Time Show
Recent Recent Popular Popular Anytime Anytime Last 24 Hours Last 24 Hours Last 7 Days Last 7 Days Last 30 Days Last 30 Days All All Photos Photos Forum Forums Articles Articles Blog Blogs
  • Kevin Henry-Seacoast's Avatar
    Today, 10:50 AM
    Hi Aaron, Are they billing for hours worked? What does the accounts receivables look like? KH
    10 replies | 127 view(s) | |
  • Zonefund's Avatar
    Today, 10:29 AM
    Yes, altbanq (sos capital) too. If these guys reject it along w the guys i suggested then tvt and cedar are your best bet in my opinion.
    10 replies | 127 view(s) | |
  • Zonefund's Avatar
    Today, 10:28 AM
    If you're using collateral theres many options, your best bet would be to co broker with micah (abfunders). If you're doing mca, the guys i gave u will do the deal. I think biz2credit will wrap it up 4u if its clean.
    10 replies | 127 view(s) | |
  • omegafund's Avatar
    Today, 10:27 AM
    I have funded millions in land loans this year and plenty in Colorado. The above Benjamin is correct if you go private money the lender will typically want the funds going back into the project with plenty of documentation and exit, but at a LTV under 30% you may get away with documentation depending on the area. Client may be better off going to local bank or credit union it will take longer but some of them dont need all the paperwork. I have referred deals to a local credit union and all they asked for was tax returns.
    3 replies | 75 view(s) | |
  • aaron4235's Avatar
    Today, 10:25 AM
    Do you have lenders that do good rates on collateralized funding? We thought WBL would be good but these rate theyre giving suck
    10 replies | 127 view(s) | |
  • Olderguy's Avatar
    Today, 10:23 AM
    1. What's the use of funds for that DTI usage? 2. Collateral - Asset Based Loan? - Invoice factoring? A/R aging? 3. Hard money real estate? 4. Purchase order financing? Look at other options other than MCA.
    10 replies | 127 view(s) | |
  • aaron4235's Avatar
    Today, 10:21 AM
    "What industry? Perhaps there is a better solution. KH" Loss Prevention
    10 replies | 127 view(s) | |
  • FundingCaptain's Avatar
    Today, 10:21 AM
    I do, but need a tax return to review due to slim margins. also need to know if they sell other things or just strictly check cashing.
    1 replies | 122 view(s) | |
  • aaron4235's Avatar
    Today, 10:19 AM
    I have a WBL offer for 2m but they changed their rates and are hitting me with what comes out to be a 1.36 over 12 months which is crazy. If i come back and tell this guy that rate hes going to tell me to go **** myself
    10 replies | 127 view(s) | |
  • abfunders's Avatar
    Today, 10:15 AM
    Also check out Altbanq (SOS) Bluevine is doing rates like that too, but they cut off all of us ISOs. However, most MCA funders won't give 1.5mm to someone doing 900k in revenue. I have a lender introduction that I can make, but it certainly won't be a 1.18 sell rate.
    10 replies | 127 view(s) | |
  • Zonefund's Avatar
    Today, 10:12 AM
    1.18 but at what term? If hes making 900k a month and qualifies your best bets are: kapitus, iou, and biz2credit. breakout (cap at 1mill i believe), wall street funding, rapid (not sure what their max is), would be your best bet since you'd need 12-18+ months to get 1.5mill in one mca with that rev. If they reject it, tvt/cedar would be your best bet i think. All of these guys pay too, be careful with large deals like these.
    10 replies | 127 view(s) | |
  • Kevin Henry-Seacoast's Avatar
    Today, 10:12 AM
    Hi Aaron, What industry? Perhaps there is a better solution. KH
    10 replies | 127 view(s) | |
  • aaron4235's Avatar
    Today, 10:00 AM
    Business is super well qualified, had some good offers on the file in the past. Looking to get him some more money at a higher $ amount. Not sure who the best lender to send this out to is. 700 Fico 900k in rev.
    10 replies | 127 view(s)
  • Kevin Henry-Seacoast's Avatar
    Today, 09:31 AM
    And unfortunately a lot is cause by people clicking on random links on the internet.
    38 replies | 5820 view(s) | |
  • Yankeeman07's Avatar
    Today, 08:39 AM
    Unfortunately Data Breaches Occur On a Regular Basis: https://www.bleepingcomputer.com/news/security/cdk-global-hacked-again-while-recovering-from-first-cyberattack/
    38 replies | 5820 view(s) | |
  • blizzardfunding's Avatar
    Today, 07:52 AM
    We can fund PR and Canada PMd you
    5 replies | 513 view(s) | |
  • Yankeeman07's Avatar
    Yesterday, 10:20 PM
    C:\Users\Administrator>tracert fintalknow.com Tracing route to fintalknow.com over a maximum of 30 hops: 1 <1 ms <1 ms <1 ms www.routerlogin.com 2 12 ms 32 ms 4 ms 47-205-52-1.tamp.fl.frontiernet.net 3 6 ms 5 ms 9 ms 172.99.47.14 4 * * * Request timed out. 5 12 ms 11 ms 11 ms ae0---0.cbr03.mias.fl.frontiernet.net 6 11 ms 10 ms 11 ms 99.83.66.84 7 11 ms 11 ms 11 ms 52.93.236.116 8 11 ms 11 ms 12 ms 52.93.37.58 9 * * * Request timed out. 10 * * * Request timed out. 11 * * * Request timed out.
    38 replies | 5820 view(s) | |
  • Yankeeman07's Avatar
    Yesterday, 10:13 PM
    Trey asked a question - I understand you are a low IQ individual.
    38 replies | 5820 view(s) | |
  • Incbiz440's Avatar
    Yesterday, 08:38 PM
    Maybe I'm missing something, but you couldn't get them a line? or you're strictly going for MCA(?)
    5 replies | 313 view(s) | |
  • RBFCapital's Avatar
    Yesterday, 03:17 PM
    I know an mca company based at the address that was pinged
    38 replies | 5820 view(s) | |
  • Olderguy's Avatar
    Yesterday, 02:56 PM
    You aren't going to get a loan on land just to pay off business debt. So you just want to take cash out? From the lenders perspective you have to consider if the client doesn't make the payments, how liquid is the asset - and land isn't very liquid. That's how the lenders look at land deals as development makes it a bigger picture project. Do you have a construction development plan in place? A lender just isn't going to do a cash out on land without a plan and exit strategy. Development will need executive summary, business plan, resume of development partners, proforma, exit strategy, You need grading, permits, entitlements, final map, shovel ready. 30% - 50% LTV on land with up to 100 LTC on development. https://drive.google.com/file/d/1s-8Sjyl9RLBNZmwd8nn46qkyIYgTQwbp/view?usp=drive_link
    3 replies | 75 view(s) | |
  • Zonefund's Avatar
    Yesterday, 02:40 PM
    Is this really an intelligent way to market? It sounds like ai wrote this for you dude. Do you believe your target audience are special (mentally challenged)? If this worked and you got some business then that wouldn't be shocking lol.
    2 replies | 160 view(s) | |
  • Zonefund's Avatar
    Yesterday, 02:38 PM
    You own smart business funder. Why are you posting like if you're not the owner?
    2 replies | 160 view(s) | |
  • Olderguy's Avatar
    Yesterday, 10:29 AM
    Lenders for that type of loan typically wouldn't be on a MCA forum... Reach out if you have trouble with this.
    3 replies | 75 view(s) | |
  • Everydollarcounts's Avatar
    Yesterday, 06:58 AM
    What is the goal you are trying to achieve with the refi? To payoff business debt Current mortgage balance: 0 Current available equity: 2.4M Current property value: 2.4M 690 credit score No other properties to refi Anyone interested? Lenders only - no other brokers please. DM.
    3 replies | 75 view(s)
  • Zonefund's Avatar
    06-22-2024, 03:44 PM
    Hello DF. I told all of you, showed proof, etc, that symplified is 24. The rep, ivan, even lied, saying its a different company. Some of you newbs even posted, ive funded deals with them, didn't get screwed. Until recently one guy mentioned being paid half commission due to them brokering it. I promise to you guys that have funded with them, and tried saying they're solid and ao forth, will also get screwed. Its the same damn company. https://debanked.com/2024/06/somethings-happened-how-a-funding-platform-weathered-a-shocking-crisis-and-is-flourishing/
    0 replies | 287 view(s)
  • Yankeeman07's Avatar
    06-22-2024, 03:31 PM
    It never ends - Massive data breach exposes over 3 million Americans https://www.foxnews.com/tech/massive-data-breach-exposes-over-3-million-americans-personal-information-cybercriminals
    38 replies | 5820 view(s) | |
  • Franklin's Avatar
    06-21-2024, 06:54 PM
    $75,000 - $125,000 is average 250,000 and up is very good 400,000+ and up is a rock star There are top closers doing 2 million, as SendDocs said, but they are rare, and they have a team with openers and doc chasers and an assistant to answer calls and smooch with merchants. So the question does need to be quantified a little more: Any closer doing over 250,000 a month will usually have a team. There are some solo rockstars, but they're more like white stags in the wild (the top guy I know does/did 1 million by himself). The funding types you offer will determine your closing, as 2 fast track SBA loans can give you half a million in funding right on the spot, and that can be done without a staff. But it would be less profitable than that amount in merchant cash advance, unless of course you're good at invoicing merchants directly. Some closers do their own prospecting, some closers only see the deal when an offer is made and it's their job to get them to sign contracts, and some closers may have openers and doc chasers and an assistant to answer calls and smooch with merchants. A closer on salary who makes 1-2 points on a deal, makes less than a closer who runs an Iso shop and makes a share of everyone's commission, plus closes his own deals for 100% of the commission A closer who has a partner or investor fronting a heavy budget for leads, again is more of an order taker at that point and will be generating a lot of revenue. Time is what impacts profitability the most. If someone (or something) else is doing your prospecting and qualifying, that clears the way for you to focus on the most profitable tasks: getting the merchant to sign and staying on top of him for renewals (and some companies have renewal departments), so even that can be delegated to free up more time to close. www.UccRadar.com – Large sales volume merchants filling out your application.
    11 replies | 872 view(s) | |
  • diditevenfund's Avatar
    06-21-2024, 06:31 PM
    Another broke loser that funds a couple deals a month im sure.
    5 replies | 1145 view(s) | |
  • Mynameisbob's Avatar
    06-21-2024, 06:22 PM
    Who can fund a check cashing store grossing 10M annually?
    1 replies | 122 view(s)
More Activity


INDUSTRY ANNOUNCEMENTS

Fintech Nexus is shutting down
Fed penalizes Evolve Bank
Cloudsquare unveils Cloudsquare Lend


DIRECTORY