Activity Stream
All times are GMT -4. The time now is 06:17 PM.
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Older Activity
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Today, 05:51 PMTell the merchant to contact Steven Barron and he will help the client get all his money back and get that open default rescinded. I guarantee you that he'll give the advise for free, unlike some people on this board who think that he will charge for it.
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Today, 05:18 PMif he fell for the LOC scam once, hes prone to falling for other scams lol go next
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Today, 05:08 PMMerchant has 40k rev, decent balances but an open default with a predatory funder who LOC baited
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Today, 04:41 PMHi all, Trying to get a deal wrapped up. Need contact info for these funders to get a ZBL / confirm a zero balance, couldn't pull any info on them from their contracts. -Broadway Equities -Vibrant Funding Your help is noted and appreciated. Thanks!
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Today, 04:06 PMFrom a SBA lender: I have discussed this internally and also with the SBA. While the original use of proceeds were used for working capital, the SBA’s stance on borrower’s that resort to using MCA debt results in a high probability of defaults. SBA has indicated that this has been proven by substantially high default rates with borrowers who have refinanced MCA debt and factoring contracts. Based on the SBAs decision, we will need to pass.
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Today, 03:21 PMWe are. After this.
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Today, 03:20 PMhe let you keep the commissions ;)
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Today, 03:04 PMI use Chatgpt all the time... no seriously.... but... in this instance.... not so much... maybe next time I'll have to.... if you keep me on my toes like this.
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Today, 03:04 PMIf you're looking for a mass texting solution, try Easify. You're very limited with the content you can send, but they do in fact send out your text campaigns and deliver them. Also make sure you're compliant.
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Today, 03:03 PMRight like the people making money only when people subscribe to their services will give me totally unbiased opinions:rolleyes:
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Today, 02:59 PMalmost like a company that offers a service will try and sell you regardless if it is the best product on the market lol. Oh youre not in the mca space your payment services thats why ****ty salesman.
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Today, 02:39 PMde-regulate daily funder
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Today, 02:36 PMThis sounds like a chatgpt response when I just corrected them on a mistake... what are you constructed with, Logan?
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Today, 02:36 PMbig popcorn and big darts are raking it in right now, endless demand
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Today, 02:36 PMWhy can't you do a personal loan with the 700+ Fico and gross income? Find out if he owns any real estate...
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Today, 02:33 PMI like your analogy as well. You are correct, I do like the point Yankeeman made though I don't necessarily agree that is Nicks only option.
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Today, 02:31 PMSergio: who does 12 month 2nds - i have a merchant thats a retail bike shop in Cali - has 700 credit makes about $60k per month and has Fora financial with a $13k balance and Forward financing with a $17k balance - we are looking for a deal paying off Forward financing only - Merchant marketplace offered paying off Fora financial only though - deal got all the way to final and the merchant decided to want to pay off forward instead of fora last minute Sergio: Any recommendations would be greatly appreciated.
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Today, 02:31 PMThe contact rates for those types of platforms are usually very good, but you do have to worry about ghost blocking, where if they see a high percentage of texts going out too quickly, they'll show sent, but aren't actually delivered. - B2 Systems No-Touch, 100% Accurate Data Processing + Full Lender Submissions Humans no longer required... https://b2systems.io/ ISO Success Steps with B2 Systems: Step : Email App to Merchant Step : Enjoy Lunch Step : 3 Real Approvals When you Get Back Step : Close David Tan - 15+ Years in Finance, Business, Tech (321) 800-2304 Cocoa Beach, Florida
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Today, 02:26 PMThose platforms are meant to be responses to real time data that comes in. Opted in data. Not for mass texts or outreach. I haven't used it but I would imagine it does in fact increase the contact rates they are claiming. Pretty smart.
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Today, 02:25 PMLogan, Yankeeman makes a horrible point, lol. If you call SendBlue balls, what type of answer are you likely to get..... that we're the best texting platform in the history of magnetic lettering, or the worst texting platform, in the history of level 20 Wizard hat, cosplay chat rooms? Only www.dumbleads.com tell the full, unadulterated truth about their products and services in this space. And we stand by it. And that's why our customers stand with us. Together. For all time.
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Today, 02:17 PMHey Yankeeman makes a good point, however Nick you should get some second hand information from people who have used it since you can speak to people on the consumer end rather then just listen to the company themselves. I've heard sendblue is good from a couple people I've spoken to but I have no first hand experience using them. With messages being sent as well there's certain templates and words you can or can't use like most other platforms.
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Today, 02:05 PMMaybe call the company and conduct your own research? Why rely on 2nd hand information?
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Today, 02:00 PMSome of the best deal security practices I've seen involve a good funding relationship with your lenders: -Send them only deals that fit their bucket -If you get a lot of approvals from that Lender, get them closed -Be considerate about using a Lender for underwriting, only to close the offer somewhere else -Try not to put your lender's money at risk if you can help it If a Lender values you as an Iso because you give them a lot of business, they are less likely to backdoor you, and a rogue employee is less likely to try it as well, because its more risky for them (they are more likely to attempt it on the lesser-known broker shops) We have a lender on our platform where an Iso was backdoored, and the Iso was still paid their commission. When Isos submit under our umbrella, they receive the same clout as if they were sending 100 files a month to a lender. - B2 Systems No-Touch, 100% Accurate Data Processing + Full Lender Submissions Humans no longer required... https://b2systems.io/ ISO Success Steps with B2 Systems: Step : Email App to Merchant Step : Enjoy Lunch Step : 3 Real Approvals When you Get Back Step : Close David Tan - 15+ Years in Finance, Business, Tech (321) 800-2304 Cocoa Beach, Florida
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Today, 01:49 PMdoes anyone use sendblue for mca campaigns? are they strict with the messages being sent? and whats the pricing like
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Today, 01:47 PMI'm interested in speaking with you, i have over 12 years experience and a solid book of business. Look forward to hearing back from you...
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Today, 01:03 PMAnyone that wants to call him, I'll send you his DM. I personally sent Steve a client and Steve NEVER asked for money.
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Today, 12:54 PMgame so big got booted ya know? lol
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Today, 12:37 PMwowwwwwwwwwwwwwww
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Today, 12:10 PMSo you're saying were aging backwards? Making sense of a real merchant cash advance % of receivables and collecting only on what you rightfully purchase and not what you piggy back off of up to 10x? Get out of here... You ever watched spongebob's Texas episode? Where Spongebob and Patrick troll Sandy about her being from Texas (https://youtu.be/pSDo3cAtaSs?si=3EZev8a-gf_jEXit) - at first this is what I thought of... but in reality Texas really isn't that stupid after all.
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Today, 12:00 PMTheConfidentBroker replied to a thread Combating Backdooring in Business Funding Industry in Promotions*ALSO - our industry (Revenue based financing - merchant cash advance - whatever you want to call it) is so far behind for many to call themselves "FinTech" in any capacity. If you accept deals using email - you are not fully FinTech enabled and the only reason real funding companies have no merged to full SaaS systems is because they still rely on the outdated ways of the unregulated Broker/ISO for origination and at the end of the day collecting data is more valuable than your opinion on any of this. Carry on...