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  • Cashyew's Avatar
    Today, 04:54 AM
    Get the hottest leads in the MCA Industry at the best prices. cashyewleads.com/data
    0 replies | 10 view(s)
  • Franklin's Avatar
    Today, 01:19 AM
    There is something to be said about having a good idea, a unique plan, and just jumping in and working hard and fast.., it's incredibly rare but it does happen... ...however, the biggest issue is that when you don't know what you don't know, what do you do when those snags happen? If your job is to simply find business and pass off to another entity to work it, in theory that's very simple... IF you have the answers to, and have solved a number of basic problems: -Where will you source this new business? -Can you source new business consistently -Does your cost to source allow you to make money -Is the business source unique and can it become quickly saturated -Is the source of business that type your client is looking for? -Can you grow your sources of business? Who covers the cost of this growth (The network or each individual in the network) Who manages distribution of these business prospects? I'd also ask, how well do you know the funding side, and how much work have you done with them? Who is responsible for follow up, doc chasing, paper gathering ...This is 80% of the work. Who closes? Who closes the big and/or difficult merchants? ...This is 90% of your profits. Who handles renewals? ...This is your recurring profits. -Who stays on top of merchants to make sure you get paid from renewals? -Are follow ups system based or manual? -What is the type of industries they like, the grade of paper, and do they have an outlet for non MCA deals? -What do you do with merchants that don't fit their bucket? -Are their offers competitive? * What is the aptitude of the people handling all these different tasks? * As the machine starts to run, now you have to start looking for inefficiencies, cracks, and leaks. -Are you losing deals due to lack of follow up, lack of closing ability? -Is their key staff dependable and present, or is personal drama hampering their work, and therefore your profits? (This comes down to their company culture). -Are merchants being missed? -Are your deals going in one door and out the other 30 minutes later? If I were you, I'd like answers to these questions as soon as possible, as you're growing. www.UccRadar.com - Post one question about funding, see hundreds of merchant responses...
    11 replies | 505 view(s) |
  • cruisinman's Avatar
    Yesterday, 06:54 PM
    Funders accepting $5k to $14k Monthly deposits? We have a Partner that takes $15k and up. Looking to hook up with a Funder that will advance to a biz having < $15k that also meets the normal other stips. If they have an automated process with fast approval and quick funding - even better. TIA
    0 replies | 78 view(s)
  • cruisinman's Avatar
    Yesterday, 04:02 PM
    Why? All we have to do is find Businesses that need working capital and get the Client's info to start the deal - our Partner(s) handle everything else.
    11 replies | 505 view(s) |
  • TheUnderwritingProdigy's Avatar
    Yesterday, 02:59 PM
    If you've never at least worked for another MCA shop, you're going to be in for a rude awakening starting your own shop...
    11 replies | 505 view(s) |
  • cruisinman's Avatar
    Yesterday, 01:38 PM
    I wouldn't say clueless, but most def new. I'm learning everyday. We are 4 weeks from launch. With the help of our Partners, we'll be ready to go by then. BTW - our focus will be on small businesses and Advances ranging from $10k to $50k.
    11 replies | 505 view(s) |
  • Akanner's Avatar
    Yesterday, 12:49 PM
    why do ppl still bother with the rolex or earpod bonus. brokers want unit/ volume bonuses where all shops and brokers can earn more cash. Not: work hard and be entered into a raffle and never win.
    12 replies | 913 view(s) |
  • Michael I's Avatar
    Yesterday, 09:46 AM
    Not if you know the right people like Danny does .
    12 replies | 913 view(s) |
  • Michael I's Avatar
    Yesterday, 09:44 AM
    Exactly
    13 replies | 302 view(s) |
  • Michael I's Avatar
    Yesterday, 09:42 AM
    Bro seriously learn the business before you start an mlm. With all due respect your other posts clearly show that your a clueless newbie
    11 replies | 505 view(s) |
  • DonMcGrath's Avatar
    Yesterday, 12:35 AM
    You can, and you will Steve -O. I’m gonna need you to load that shotgun and throw some duct tape around that broken arm. There’s a lot more Walking and you ain’t Dead yet.
    11 replies | 505 view(s) |
  • cruisinman's Avatar
    07-31-2021, 09:07 PM
    Ran some quick #'s . . . 1.30 average factor can provide some nice residual bonuses should the defaults be <15% with an average commission @ 10%. 8% Management Fee If the #'s are tight, our Brokers could realize nice $$ . . . Seems the key is to roll back in the profits for 12 months - then start paying out the earnings each month, while keeping the principal at work on going . . . We have a lot to learn over the next month. I now see why TMR was on Shark Tank.
    11 replies | 505 view(s) |
  • cruisinman's Avatar
    07-31-2021, 02:48 PM
    We won't be funding at 1.499 - too much . . .
    11 replies | 505 view(s) |
  • TheUnderwritingProdigy's Avatar
    07-31-2021, 09:59 AM
    Hello, this is DailyFunder Funding, how many I serve your 1.499 business needs?
    11 replies | 505 view(s) |
  • Shorebird's Avatar
    07-31-2021, 02:20 AM
    Tiger is hunkered down in South East Asia.
    6 replies | 408 view(s) |
  • cruisinman's Avatar
    07-30-2021, 11:08 PM
    Why be so dramatic? Goal is for everyone to make money and help businesses gain access to working capital that they may need . . . . . . and you don't have to
    11 replies | 505 view(s) |
  • Steven_O's Avatar
    07-30-2021, 10:24 PM
    Oh my G*d, the end of all things to come... the MLM of MCA?? LMAO. I can't...
    11 replies | 505 view(s) |
  • cruisinman's Avatar
    07-30-2021, 09:44 PM
    As we form our Broker Network using a MLM model and we focus on recruiting people looking to create an additional stream of income - I had a thought today. Pay the Broker 50% of the commissions created on their personal funded deals. They can also receive a bonus of up to 50% of their personal commissions + up to 50% of their personally enrolled's commissions. We can take this money and roll it into a Syndicating Co-op that qualified Brokers can participate within As a Network we take the total of all Bonuses and put the money towards funding up to 50% of our own Network deals . . . The participating Brokers can now create residual income via the Network's earnings from the Syndication. Thoughts?
    11 replies | 505 view(s)
  • FlexibleCapitalSolutions's Avatar
    07-30-2021, 04:38 PM
    Are'nt you the guy that curses everyone out via email when they try to reach out to you to do business? Isn't it funny that now you are on here soliciting business to all the people you cursed out and expect differently from us. And 5 points? @ 1.55? good luck lol
    13 replies | 302 view(s) |
  • Global369's Avatar
    07-30-2021, 04:10 PM
    Thank you everyone for your suggestions, I'll definitely reach out to recommended companies, more suggestions are welcome !!
    6 replies | 315 view(s) |
  • Yankeeman07's Avatar
    07-30-2021, 03:43 PM
    SBA Announces Opening of Paycheck Protection Program Direct Forgiveness Portal New portal will streamline applications for loans $150K or less for over 6.5 million businesses https://www.sba.gov/article/2021/jul/28/sba-announces-opening-paycheck-protection-program-direct-forgiveness-portal Interesting Info for the MCA Industry In 2021: SBA approved over 6.5M loans totaling over $275B The average loan size was ~$42 thousand (compared to $101 thousand in 2020) 96% of loans went to businesses with fewer than 20 employees (compared to just 87% in 2020.) 32% of loans went to businesses in LMI communities (compared to just 24% in 2020)
    0 replies | 91 view(s)
  • gabegreenfundny's Avatar
    07-30-2021, 03:43 PM
    what about on 1.55 like you stated on the post?
    13 replies | 302 view(s) |
  • DonMcGrath's Avatar
    07-30-2021, 03:27 PM
    Our lead gen process is a replica of OnDeck’s and Kabbage’s top guys, and we haven’t starred in any of the Death Wish movies. But we totally respect the offering and your connects, putting your hands on one of these rarified gems.
    12 replies | 913 view(s) |
  • admin's Avatar
    07-30-2021, 03:17 PM
    moved to promotions
    13 replies | 302 view(s) |
  • Finance Guru's Avatar
    07-30-2021, 03:15 PM
    We look for $10K+ in monthly revenue, if you're looking for a funder for those type of deals, I would like the opportunity to fund your deals.
    6 replies | 315 view(s) |
  • RobPearlman's Avatar
    07-30-2021, 03:04 PM
    5% on 1.15 is amazing!
    13 replies | 302 view(s) |
  • RobPearlman's Avatar
    07-30-2021, 03:02 PM
    I'll take that as a compliment. Drop the DBA. I'll get recent banks and see you've funded now that you didn't have to pay comission.
    13 replies | 302 view(s) |
  • Steven_O's Avatar
    07-30-2021, 02:53 PM
    If you still need help on this, call... I'll PM you.
    4 replies | 163 view(s) |
  • JParr's Avatar
    07-30-2021, 02:52 PM
    Been a few years since I've worked any MCA deals but my go to for these smaller deals was always ECG. They fund larger deals as well. I had a buddy fund a deal for about $250k and it went smooth as butta. They sent him a nice card and a pretty sweet ECG t-shirt. Don't play in the MCA space much anymore so no horse in the race here, just my 2 cents.
    6 replies | 315 view(s) |
  • kevin85k's Avatar
    07-30-2021, 02:50 PM
    That's where you are wrong. Nothing "sketchy" about Danny. If says he's going something good, then guess what.... HE IS! Maybe instead of talking smack meet the guy and you'd see. Our space is full of crooks But Danny and Gabby are Great guys!
    12 replies | 913 view(s) |
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