Activity Stream
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Older Activity
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Yesterday, 07:34 PMBroker reached out with a desperate scenario....lady gets a program approval where she needs needs a SBA microloan to get started. Told her to reach out to SBA EIDL and declare uncollectable. They removed her default and cut her payments WAY down. She now has the way cleared to submit for a SBA microloan. The government can help sometimes - all you have to do is ask. And if we can't get a Microloan, we told her to put together a pitch deck to present to some investor groups we know.
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Yesterday, 04:52 PMWhat is the reasonable explination that the bank account does not have the business name on it if it is a business account?
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Yesterday, 04:19 PMSounds like something we can do, depending on the reasoning for name being on bank statements rather than the company. Shoot me over an email or give me a call and let's see what we can get done here. Email: Anthony@alphacapitalsolutions.org Cell: (954) 309-8179
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Yesterday, 03:27 PMCustomer claims in court for incorrect pulls and other issues. Does anyone do new loans without previous issues resolved? Mike
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Yesterday, 03:15 PMdiditevenfund replied to a thread InstaFunding Seeking New ISO Partnerships in Merchant Cash Advanceanother Friday, another confrontation
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Yesterday, 03:04 PMSend me an email Harrison@freyjafinancialgroup.net
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Yesterday, 02:50 PMHey You can shoot me a email Abe abe@megedfunding.com
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Yesterday, 02:20 PMInstaFundingM replied to a thread InstaFunding Seeking New ISO Partnerships in Merchant Cash Advanceshow
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Yesterday, 02:19 PMCredit Score of owners? And what did they do in gross revenue on their tax returns for 2023? If they have 2 years of taxes filed, I can tell you more with those answers. Answer here so everyone can learn a thing or two.
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Yesterday, 02:05 PMWall funding funds auto sales, needs to be 500k/m rev but you can get an exception if its close enough, 650 fico plus ideally
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Yesterday, 01:57 PMWill this be a 1st position? Alex Peterson ISO Relationship Manager, THORO CORP E: alex@thorocorp.com C: 305-502-9414
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Yesterday, 01:56 PMNo, not at all, I'm not confusing you. You have different websites, and logos. Two entirely different companies. I've witnessed you ruin more deals then instafunders. You should change your logo from a lion, to a raccoon.
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Yesterday, 01:10 PMfundinggrasshopper replied to a thread InstaFunding Seeking New ISO Partnerships in Merchant Cash AdvanceInstafunders, instafunding, Instafund advance...
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Yesterday, 01:01 PMi typically do not post here trying to solicit business but suffice it to say this is an interesting one... Used Auto Wholesale in NY (not nyc-metro area) over 20yrs in business, rev fluctuates 300-800K monthly.. Over 11M gross in 2023, 9M in 2022....never has less than 100k in acct....good personal credit, nothing crazy negative on background that would result in auto-decline... my A Paper go-to for a deal like this gave an extremely frustrating decline due to the business banking having only his name and not the business name, which there is a perfectly reasonable explanation for. Looking for someone who would take a Serious look at a deal like this for 200k-ish.... a serious look meaning, a 3 month starter deal is not gonna cut it.
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Yesterday, 12:09 PMAbout Mint Funding Mint Funding is a rapidly growing Merchant Cash Advance (MCA) provider offering fast, flexible funding solutions to U.S. small & medium businesses. We’re committed to integrity, transparency, and ethical business practices in every deal we make. We’re seeking a Senior Underwriter who shares these values and is eager to join a team that values growth, ethical decision-making, and collaboration. Key Responsibilities Conduct in-depth merchant interviews to assess risk and funding eligibility. Analyze financial statements, bank records, and diligence data to determine creditworthiness. Price deals based on risk assessments and company guidelines. Lead and mentor junior underwriters to improve team performance. Review and finalize deals for compliance before funding. Collaborate with sales teams to maximize funding opportunities while upholding underwriting standards. What We Offer Cutting-edge CRM system to streamline your workflow. A modern office in Montvale, NJ, with a collaborative work environment. Opportunities to syndicate deals for additional earnings. Performance-based commissions for your success. Weekly team lunches, snacks, and drinks to foster a fun culture. Career growth opportunities within a fast-growing company. Requirements 2+ years of Merchant Cash Advance underwriting experience. Proven expertise in analyzing financials and assessing risk. Strong communication and decision-making abilities. Must be able to commute to our Montvale, NJ office or relocate before starting. Compensation $80,000 - $165,000 per year (based on experience and performance). Commission opportunities based on deal volume and quality. Why Join Us? If you're a seasoned MCA underwriter with a strong ethical foundation, Mint Funding is the ideal place for you. We offer unlimited earning potential, exclusive deals, and a commitment to doing business the right way. Be part of a team that’s shaping the future of the MCA industry, with integrity and growth at the core of our mission. If interested please email Max@mintfunding.com
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Yesterday, 11:39 AMInstaFundingM replied to a thread InstaFunding Seeking New ISO Partnerships in Merchant Cash AdvanceAre you confusing us with InstaFunders maybe or just bored? I've seen totally baseless claims from you on this forum.. "maybe", "who knows". We pay 12%, 90% of the times. We don't overleverage merchants (why would we, they will just default...) but we are aggressive with our offers. Mostly $ wise. I can provide proof for anyone who will contact me.
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Yesterday, 10:03 AMNick McCabe started a thread Start Next Week Off Strong With High Quality Leads From Klover Data in PromotionsQuality MCA leads available. Need leads for cold calling, Text Blast, and Email campaigns? List of qualified merchants looking for funding. List includes: Merchant's First Name Last Name Name of Business Address Cell-Phone Clean and Verified Email DNC & Blacklist Scrubbed 50k+ Min. Monthly Revenue Thank you, Nick McCabe Klover Data 561-843-4580 email:Nmccabe@kloverdata.com Linkdin- Nickolas McCabe
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Yesterday, 09:51 AMCan't get another MCA? Let me try: Asset Based Lending Equipment cash out Real Estate cashout Personal loan Factoring SBA Steve Benjamin Professional Business Loans Irvine, CA 92620 SteveProBiz@gmail.com https:/probizloans.net/ 949-228-1050
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01-16-2025, 10:56 PMBe careful w/ these guys. Heard nasty things from isos. I don't think they pay out more then 8%-10% apparantly. I've seen a few deals go bad because they over leverage the merchant.. no sense in their underwriting... Maybe they're desperate to put $ out. Who knows. That's my 2 cents.
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01-16-2025, 06:38 PMIt isn't the industry necessarily. It's cash flow Debt service Projections Use of funds Debt consolidation? Working capital for growth? collateral Fico scores eTran SBA 7A SBA Bolt? Is it under $500K or over $500K Needing collateral. You are trying to simplify something that isn't necessarily simple
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01-16-2025, 06:04 PMEmail me, let me make the introduction directly. I recommend tossing it over the fence and earning 1%.
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01-16-2025, 06:00 PMLooking to place two deals for SBA 7a or LOC One is a psychologist and the other is for a restaurant. Anyone know anyone?
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01-16-2025, 05:22 PMHow much does it cost to acquire a new merchant? What is your CPA? Are you tracking? The average CPA for the industry is about 1,000 per new account. I am seeing teams that are set up properly with dialers, CRM, texting platforms and strong sales teams are seeing CPAs of 350-500. Read my article on how these teams are seeing some of the lowest CPAs in the MCA lead industry https://loyolamediagroup.com/getting-the-lowest-cpa-for-your-cash-advance-business/ Call me to discuss leads for all MCA marketing campaigns Live Leads Aged data Verified TCPA compliant cell phones Verified high revenue emails CJ Flaherty cj@loyolamediagroup.com www.loyolamediagroup.com 781-690-5077 https://www.linkedin.com/in/cjflaherty/
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01-16-2025, 05:18 PMI ended up connecting with them (iBusiness) though another rep and they offered up 2 and had volume expectations. I'd rather go direct but 4% makes those small deals a lot more economically feasible. Steven, does what I said above align with what you've experienced? I asked about the 4 and the response was they are times pay that in the small dollar (>50k, <500k) space and that was your contact's focus space.
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01-16-2025, 04:27 PMPaid as a consulting agreement...separate.
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01-16-2025, 04:19 PMBe mindful of RESPA...
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01-16-2025, 03:57 PMCharlie is very quick and always flexible with bumps. Been working with them for years.
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01-16-2025, 03:03 PMIn California they require a surety bond of $25,000 plus net worth. I'm not saying we NEED it, but it would certainly give credence to both sides to do business together.
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01-16-2025, 02:38 PMDonMcGrath replied to a thread Capital One Bank gets Burned by Sales Tactic in Merchant Cash AdvanceFlorida, that's enough for a 3 day payback