Activity Stream
All times are GMT -4. The time now is 06:08 PM.
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Older Activity
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Today, 06:03 PMabfunders replied to a thread Review - Michael Lavolpe aka Foxheart Funding LLC in Merchant Cash Advance@goatFunding, yes, you area correct. I just found out that Joe was found "unresponsive" in his apartment in April, it was all very sudden. I confirmed it with his partner at CheaperTeam. -
Today, 05:34 PMAcmeRecovery started a thread Tired of being ignored by your current collection agency? in PromotionsLet ACME Recovery Solutions help! We are a newly formed company with many years of MCA collection experience between us. We've worked across some of the most relevant collections firms in the industry. Given that experience, we learned that just about everyone who's been doing this long enough is as good as the next person, regardless of whether their egos will allow them to admit it or not. What everything comes down to is the fact that there are too few firms that can deliver strong results, and those firms are dealing with more files than they can actually handle, especially if they've been around for a while. This turns into a game of throwing $%*! at the wall and seeing what sticks. Given the fact that we're as new as we are, we have the opportunity and ability to truly give each file the attention it deserves. No more files falling through the cracks or having to follow up multiple times just to get an update. We do all of the work and keep you apprised in real time so that you know exactly what's happening with each placement. That being said, if you're interested in discussing a new and effective collections solution for your MCA company, please contact me at any time using the below info. Look forward to speaking with you all, and, hopefully, servicing your distressed debt! Regards, Steven Lyubomirsky Managing Partner ACME Recovery Solutions, LLC 7431 Broadway Street Kansas City, MO 64114 Email: Steven@ACMERecoverySolutions.com Main: (816) 631-0164 Direct: (816) 631-0089 Fax: (816) 631-03670 replies | 8 view(s)
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Today, 05:33 PMI recommend east shore if the revenue is collectable especially for deals with merchant processing or commercial a/r
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Today, 05:32 PMMantis doesnt fund those kinds of deals anymore
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Today, 05:27 PMTorro is good too correct? Is it true anthony ****ing saracino got fired at delta and is at Torro now? How is he living there? The mans skills dont match up with them. Hes a beast.
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Today, 05:26 PMI think the old owner of rapid capital funding (theyre select funding now?) is involved there. Its only a matter of time until they're very succesful. They already intro'd big bitty for larger deals. Lets see what happens. Their UW sucks imo (too picky). But it may just be my experience. I've sent them a handful of deals since 2014.
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Today, 05:22 PMyou said it brotha homie g
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Today, 05:18 PMI agree with you, lot of garbage in this industry. Just gotta find a few legit people and keep that train running
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Today, 05:14 PMWow- really appreciate the kind words! So nice to hear that i have some old friends on the DF. Radiance is funding 100% in house- No direct sales. We are not high risk whatsoever- Only 1-3 positions, 12 months etc.
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Today, 05:14 PMReferring to **** files in general: 10-15k revenue, bad balances, negative days, trucking/construction, etc. Would generally get declined by any respectable lender, just wondering if there's anyone here that do bottom of the barrel.
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Today, 05:06 PMBitty is a complete joke. Lol
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Today, 05:03 PMahhh gotcha. I thought you were talking about high risk funders who kill on back end or take awhile to fund/underwrite. I didn't know you were talking about the ones who steal commission or do shady things, those are funders people should obviously avoid. I always wondered why people flip out on smaller funders for taking longer than 15 minutes to get a contract out or for killing a deal after finding a default when "you should have searched the courts in the first place!!!!!" as if the brokers time was wasted not the funder who wasted all of that time just because the ISO hid a default and tried to sneakily push it on someone hoping they wouldn't notice whereas you have funders like Bitty who can take 4 hours to get contracts out, 24 hours to send a wire, 5 hours to give an update on contracts in, and everyone seems to be A okay with that.... Marketing is one hell of a thing I'll tell ya....
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Today, 05:01 PMIronwood will also fund these **** files
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Today, 05:01 PMHow much below 20k and why is it d Paper
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Today, 04:58 PMReason Bitty kills a lot on the back end is cuz they have an automated program to spit out a basic approval on the front end. From what I remember once you do decision logic they get an actual human to finalize underwriting and it can get killed. And the reason I distinguish Bitty from the terrible high risk dudes is that they pay commission and from the deals I've done with them I haven't seen double debits or anything totally outrageous. Usually relatively good on term & dollar amount as well, not bad to use to build up a file and collect some ZBL's. Definitely don't fully trust them but I would use them.
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Today, 04:57 PMDetails on what makes the file "Bad" 2nd - What amount is the merchant seeking? 3rd - do they accept credit cards?
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Today, 04:51 PMSeveral...think I have 4 or 5 in process now...2 Master Credit Lines.
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Today, 04:46 PMIsn't Bitty difficult to deal with as well? Don't they take awhile to respond to emails/phone calls and take 24 hours to fund? I also heard they kill a lot of deals in the back end... just out of curiosity whats the difference between Bitty and the "terrible high risk" dudes?
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Today, 04:46 PMAlso, wide merchant funding. Don't forget mantis. They fund ****.
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Today, 04:46 PMVader funds **** files.
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Today, 04:44 PMHey Steve. How many deals have you closed with Tony?
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Today, 04:43 PMLCF or Bitty is probably safest bet with those kinds of files. A lot of the high risk dudes in that sector are terrible to work with.
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Today, 04:35 PMHere are some references to lenders: Tony is a superbroker - he can get deals done that most lender's can't - has no maximum and also can do cannabis. I am currently doing several $500,000 Master Credit lines. Don't know if the contacts on these others are current or not....you'll have to check... Tony Borchello First Financial (888) 211-2197 mobile: (949) 800-5767 tonyb@firstfinancialweb.com Evan Sowa Senior Account & Finance Manager Everlasting Capital Corporations 603-351-4725 | 401-771-4883 evan@everlastingcapital.com Jeff Brannon Slim Capital jeff@slimcapital.com Office: 949-535-2353 Cell: 949-981-0431 Joe Burleson Equify Financial LLC- Southeast 777 Main St. Suite 3900, Ft Worth, Tx 76102 |C214-673-8575 joe.burleson@equifyllc.com Hope that helps and is a start... You'll need loan app, 3 months business bank statements, invoice on the equipment. If over $150,000 business tax return. Keep in mind that purchases are registered as debt on the balance sheet. Sale leaseback are better for long term, and better financing. There are Operating leases and Capital leases.
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Today, 04:33 PMIso. Great people over there.
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Today, 04:24 PMWho looks at bad files under 20k?17 replies | 117 view(s)
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Today, 04:22 PMFrom the "super broker" angle BSB are pretty smooth to work with. Also have enjoyed dealing with Maxim. Slim my few interactions with them were less than impressive. Centra has been decent.
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Today, 04:17 PMBscs replied to a thread Congratulations to Merchant Marketplace for crowd funding two mcas in Merchant Cash AdvanceOn another note, has anyone put in money on MM? Is there a high default rate? I put into a couple deals, and over half defaulted and the other was missing payments for weeks at a time. It was a small sample size so I know that I couldve got unlucky. I feel like they need to be more transparent on the soft collections side, and give updates into whats going on in the deal. Not just show that a payment bounced. Showing transparency shows me that they are actually bouncing and not just MM telling me its bouncing so they can take the money and use it and eventually pay it back in my account in 3 weeks. basically acting like a no intrest loan. Im not accusing... Just thoughts in my head
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Today, 04:03 PMBscs replied to a thread Congratulations to Merchant Marketplace for crowd funding two mcas in Merchant Cash AdvanceI believe that not every deal is crowdfunded. I have heard that they fund without putting it on the app/website
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Today, 04:02 PMYou don't know me, but, i know you, since your first day in mca. I've watched you grow and get married. We speak every now and then. You're a good solid guy simon. A good hustler.
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Today, 04:01 PMGj on radiance. Are you funding 100% in-house? Whether or not, id trust you with my deals.
