Activity Stream
All times are GMT -4. The time now is 06:19 PM.
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Older Activity
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Yesterday, 02:53 PMFunded a file With Everest twice over the course of 6 months for 25k both times Both were new deals and not a renewal. Ana M. Del Rio from Everest "Refinance Dept" Reached out to the merchant Asking if they were looking for more funds and did another 25k deal directly with the merchant. Merchant has his statements sent to me every month and I noticed that EBF funded . Just got off the phone with Everest iso support asking for my comm on this file and they said that any deal that is funded with EBF directly is their file and since they took the risk funding the file they are not going to be paying comm here. Safe to say I will not be working with EBF anymore if anyone would like to see screenshots of EBF reaching out and funding the file please PM me
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07-01-2024, 07:52 PMHi. Are there any longers that accept business owners with ITIN's?
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Yesterday, 01:47 PMI have several files in this box that need a home, including some with lower credit profiles. Does anyone typically fund these types of cases? It would be great to add to our list of lenders. Additionally, if anyone funds VA loans, we have a few of those as well. Please comment below if you can assist with any of these files.
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07-01-2024, 11:52 AMHello ISO'S we are offering a July special for all new iso's that sign up with Electra Funding in July. All first deals funded together will receive a 15 point commission. Our submission process is simple. Please send all files to our submission's email subs@electrafunding.com with 3 months of recent bank statements. Offers will be sent back within the hour only stips needed for contracts are DL and VC. We fund positions 1st-10th and prior defaults as well. We fund all industries. Looking forward to working with you all thanks have a blessed day. Best Regards, Sam Roth| Managing Partner Email: Subs@Electrafunding.com Phone: 516-757-8601
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Yesterday, 01:37 PMWho can fund a deal, TIB is 7mo, LLC doing around 100K a month in business, balances decent, no negative days, 1-2 days low. The sell heavy equipment and auto parts, looking for inventory, credit 660.
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06-28-2024, 11:34 AMAMG914 started a thread Can anyone assist with funding a previous default - good 2024 banks in Merchant Cash AdvanceHave a file for a client that previously consolidated an MCA. Banks are solid for 2024 with good deposits. They are looking for smaller MCA/funding. Let me know if you can help on this one.
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06-26-2024, 11:58 PMMerchant deposits $4 million a month in sales, and keeps $400-600K running balance. They sell their own software that is a payment system (perhaps better stated as payment rails) to retailers, ecommerce stores, and more. Their bank statements show edeposits froma wide array of clients, like the above. Some health and wellness stores deposit to their account, education centers, digital stores, digital libraries, boutique online stores, and even processing companies are paying them what appears to be royalties or something similar on a consistent basis. Hundreds of deposits per month per statement. Needs a home for first position. Tried all name brand 1st position MCAs (i.e. Kapitus, Rapid, National) and they declined due to industry. Most are declining because they are confusing the merchant as a credit card processing company or credit card processing funder (i.e. Credit card split), and won't look any further. Here's an analogy to describe what they do. Microsoft, Inc designed a software called Microsoft Office, which has a suite of products like Word, Excel, etc. They sell it to Best Buy and Staples and Office Max. Each of those retailers pays Microsoft royalties every time the Office suite is sold off their shelves. That's what this company does. Problem is, funders are confusing the merchant for being Best Buy, not Microsoft. Any funder willing to play ball?
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06-27-2024, 03:57 PMI'm looking for a company that would be willing to use a residential property as collateral for a business loan. I'm currently onboard with TVT and WBL. I want to add a couple others that can bridge some of the gaps between these companies. WBL's rates are too high right now and TVT has good rates but not the best approvals and they strongly prefer to use commercial properties.
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06-27-2024, 04:25 PMMexican Funding started a thread Lockbox Credit Card Split Funders - Where you at? ! in Merchant Cash AdvanceHey guys Do you guys know anybody other than Snap Advance - IMS to do CC splits? '
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06-28-2024, 08:05 PMPros of this client: A credit personal B+ Credit Business 7MM GAS 236220 Commercial and Institutional Building Construction Current Positions: 1. 135k 2. 105K Cons: He won't work with any MCA lender/funder east of the Colorado River (weird, I know) Had a default five years ago that was paid in full within 5-6 weeks. Request: He wants either 250K over 12 to pay for the smaller position or 3rd 150K over 12. Tough I am aware. The client is also a good friend and golfing buddy, so he won't speak with any lender or funder until there is approval of 12 months. If interested please me your information. Hope everyone has a good 4th of July
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06-27-2024, 12:13 PMAre there any lead sources that provide a signed app and most recent bank statements
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Yesterday, 01:06 PMMerchant does around 800k monthly average. CA based company, good time in business and good credit. Has a first with an A paper funder that he's been paying for more than 6 months (originally funded 18 month term). All around clean file. Looking for a 2nd position. I have a 12 month offer, he wants 18 months. Is there anyone that does 18 months as a second?
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Yesterday, 10:01 AMIs there a direct funder who can do a 1st position 60-day deal at a 111 buy rate with immediate payout to ISO and no clawback? Regards, David McCarthy, CEO McCarthy Merchant Capital LLC www.mccarthymerchantcapital.com Main: (717) 622-2784
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06-27-2024, 02:15 PMClient looking for 300k for 6 months to pay back 400k , there's property to secure the funding, financials are great, revenue yearly is 2 million. Client will not entertain any type of MCA. I appreciate any help i can get. Thank You
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Yesterday, 09:49 AMCDK Software Breach - https://www.foxbusiness.com/markets/car-dealership-losses-from-cdk-software-outage-could-reach-1-billion-study-finds
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06-27-2024, 10:29 AMPeter Parker started a thread Merchant only need's it if it's gonna be better then what he's paying now which is10% in Deal BinThe merchant has received an offer from his bank but still wants to explore if he can find something better. CS is 730-750 and the rev is $60,000. Looking amount - 80K-100K term 12-24 less than 10%, Is it possible?
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Yesterday, 11:01 AMI am pleased to announce that Hunter Consulting's new website has launched, with a new section for referrals to trusted partners for Funding, Cap Raises, Lead Generation, Call Centers, Compliance, Collections, and more! Check us out at: www.hunterconsultingllc.com and let's do some business together!
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06-28-2024, 12:43 PMClient is looking to get and 30-40% advance on their 700k purchase order. It is a concrete company.
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06-28-2024, 02:16 PMClient has a 715k purchase order and is looking to ger an advance on it. It is one of the largest cement companies. Needs funds asap.
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07-01-2024, 12:36 PMOnboarding ISO's Call, Text, Email today to get signed up and take advantage of our JULY BONUS!!!! (646) 598-9380 Jacob@mnycapital.com https://mnycapital.com/apply-now/
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07-01-2024, 04:37 PMWho funds with Bluevine bank statements ?
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06-28-2024, 03:33 PMAnyone have any previous experience with these guys? Are they a reputable funder? Thinking about expanding our box. Thanks
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06-28-2024, 07:19 PMAs a business funding broker, you're constantly seeking reliable and effective solutions to help your clients secure the necessary funds to grow and succeed. I wanted to introduce you to a service that could significantly enhance your offerings: SmartBusinessFunder.com. Why SmartBusinessFunder.com? 1. Tailored Funding Solutions SmartBusinessFunder.com provides a variety of funding options designed to meet the unique needs of different businesses. Whether your clients are looking for traditional loans, alternative funding sources, or specific grants, SmartBusinessFunder.com has them covered. 2. Fast and Flexible Approval Process In the fast-paced world of business, time is of the essence. SmartBusinessFunder.com offers a streamlined application process with quick approval times, allowing your clients to access the funds they need without unnecessary delays. 3. Expertise and Support With a team of experienced funding experts, SmartBusinessFunder.com offers personalized support to help your clients navigate the complexities of business financing. Their expertise ensures that your clients receive the best possible advice and funding solutions tailored to their specific circumstances. 4. Comprehensive Resources Beyond funding, SmartBusinessFunder.com provides a wealth of resources to help businesses thrive. From market research tools to business planning guides, they equip entrepreneurs with the knowledge and tools needed for sustained success. Success Stories SmartBusinessFunder.com has a proven track record of helping businesses of all sizes and industries secure the funding they need. By partnering with them, you can be confident that your clients are in good hands and poised for success. Get Started Today Join the network of successful brokers who have already benefited from SmartBusinessFunder.com's exceptional services. Visit SmartBusinessFunder.com to learn more about how they can support your clients and elevate your brokerage services. By leveraging SmartBusinessFunder.com's expertise and resources, you can provide unparalleled value to your clients, helping them achieve their business goals and aspirations. Don’t miss out on this opportunity to enhance your service offerings and grow your brokerage business. Feel free to reach out if you have any questions or need further information. Let's help our clients achieve their dreams together! APPLY NOW Or contact us Smart Business Funding Toll-Free Number:1-866-Re-Smart Fax: 347.402.1650 Email: Info@SmartBusinessFunder.com
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Yesterday, 03:08 PMCompany manufacturer's electric automobile chargers based out of Toronto. They are in the demo phase and have recently received a PO from Chery (a Chinese auto manufacturer). Any pointers on who might be able to assist here?
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Yesterday, 02:33 PMAt ACHWorks, we have seen a definite uptick in clients sending Same Day ACH credits to fund deals. That's great but not everyone is doing it. So, I was wondering what are the options you would want to see in place other than wire to fund deals? Wires are so clunky and take so much time since there is no automation at all. I am sure I am not the only person thinking of this. What is your opinion?
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06-29-2024, 06:33 PMhas an sba already needs term loan financing tax returns are near $2mm with 2023 extension filed does about 300k a month anthony 646 202 0095
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06-26-2024, 07:25 PMCollinscash started a thread Business Growth Potential with Smart Business Funding – Partner with Us! in All Other LendingAre you looking for reliable financing solutions to offer your clients who are eager to expand their businesses? Look no further! At Smart Business Funding, we specialize in providing flexible and tailored financing options designed to meet the unique needs of growing businesses. Why Partner with Smart Business Funding? 1. Comprehensive Financing Solutions We offer a variety of financing options, including traditional loans, SBA loans, business lines of credit, and alternative funding solutions. Our diverse portfolio ensures that we can meet the specific needs of your clients, no matter their industry or financial situation. 2. Fast and Flexible Approval Process We understand that in the business world, time is of the essence. Our streamlined application process and quick approval times ensure that your clients get the funds they need without unnecessary delays. 3. Competitive Rates and Terms We provide competitive interest rates and favorable repayment terms, making it easier for your clients to manage their finances and focus on growing their businesses. 4. Dedicated Support Our team of experienced financial advisors is here to support you and your clients every step of the way. From initial consultation to ongoing support, we are committed to helping businesses achieve their expansion goals. 5. Trusted Partner Smart Business Funding is committed to maintaining the highest standards of integrity and transparency. Partnering with us means you can trust that your clients are in good hands. Get Started Today! Join us in helping businesses unlock their growth potential. Partner with Smart Business Funding and offer your clients the best financing solutions available. To learn more about our partnership opportunities and how we can work together, visit Smart Business Funder or contact us directly. Together, we can make business expansion a reality for your clients! Best regards, Smart Business Funding Toll-Free Number:1-866-Re-Smart Fax: 347.402.1650 Email: Info@SmartBusinessFunder.com