Activity Stream
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Older Activity
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03-25-2024, 02:33 PMWho does not require a personal guarantee or would make an exception on a deal by deal basis.
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03-21-2024, 09:24 PMAnyone know of Funders who fund merchants with bad background?
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03-22-2024, 11:12 AMwhich funders?
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03-22-2024, 04:11 PMLiterally I sent 2 deals to test out, and I start getting hit up by Dynamic Capital. I only sent them the file and put my number on the app. Mind you I''ve funded deals with them before in the past. I think Jay is a good guy but they definitely have a leak in there. this has happend more than once.Hopefully they clean that up because i actually consider them to be a decent funder.
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03-24-2024, 06:01 PMhttps://debanked.com/2024/03/new-york-state-bill-aims-to-recharacterize-factoring-leasing-revenue-based-financing-and-more/ What are people's thoughts on this? What direction are we really headed?
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03-25-2024, 12:23 PMI have an application that was declined due to negative bank days. Is there a company on here that is willing to take it on? Everything on the file looks good besides the negative bank days. Please contact Sam 406-282-1404
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03-25-2024, 10:52 AMMca consolidation loan lender??
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03-25-2024, 12:58 AMMulti-location restaurant looking to consolidate 3 positions, A paper. Having trouble finding lender who will consolidate more than two at the terms applicant requires. 3 positions taking about 33% of revenue doing over $120K a month at each of the two locations. Total balances hovering around $80K.
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03-26-2024, 02:41 PMWho funds car dealerships !
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Today, 02:48 PMQuickCap started a thread High risk, Overleveraged Consolidation Opportunities in Merchant Cash AdvanceHey Guys, Here to help out with any of your high risk overleveraged deals. Any deals over 3 positions will fit into our box. Mike Halevi ISO Relations Manager Isosupport@mcaconsolidates.com 561-608-2899 https://www.mcaconsolidates.com/
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Yesterday, 01:26 PMHey everyone, I would like to introduce myself, my name is Nick,I recently founded FundLink, I am currently welcoming new Iso's, please feel free to reach out to me with any questions. Approvals within 30 minutes of submission New Guidelines B-D paper - Funding up to 500k (On one Contract) - Paying up to 13 points (depending on the file) - Up to 10 positions (maybe more depending on the file) - Terms goes as far out as 120 days - Must to do a minimum of 20k+ a month in revenue to qualify - Minimum of 4 deposits per month - Negative days up to 5 days per month OR more if they have Overdraft Protection - Minimal stips Specific Industry Requirements Industries: Trucking, Construction & Auto (must have 50k+ in deposits) Restricted states: None DEFAULTS- - We can't fund a default if it was within the last 8 months. - Judgments must either be satisfied or on some sort of a payment plan. We are here to fund, without any hiccups or delays, our main goal is always the highest dollar amount. I will be your main point of contact, with any questions or concerns, feel free to give me a ring. Submission Email: subs@fundlinkusa.com
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Yesterday, 05:35 PMI have a client who is in need of a $100,000 to $150,000 line of credit. He has had two previous MCAs. His credit scores are between 550 and 560. He has been in business for about 23 years. His January revenue was $65,000, in February it was $87,000 and this month is looking even better. He wants to move fast. Any lender here wants this one?
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03-26-2024, 03:05 PMCA deal. The deal has decent credit, is profitable, has good balances and revenue. The merchant was funded a first position in the beginning of March, Deal was from an A- paper funder at 10 month term, low rate. He is seeking additional funds for a project he is working on. The issue I'm having is there's barely any pay history and offers I'm getting are high risk 4-5 month deals. Can anyone offer a decent second position here ? He understands he will be paying higher rate and shorter term but just looking for something reasonable ...
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03-26-2024, 05:02 PMAnyone esle having issues getting intouch with them? Ever since they got bought out I cant get them on the phone.
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Yesterday, 09:27 AMGBFunding started a thread Looking to place an MCA deal with 3 million in annual deposit volume, needs $100k in Deal BinBuilding materials supplier with variable monthly deposits needs funding . Here are what recent monthly deposits look like : Nov $211,000 deposits Dec $302,000 Jan $113,000 Feb $36,000 And so far this month deposits for March deposits are about $185,000 However last month ( February is historically the worst month ) the Merchaht had 6 nsf last month because an auto debit she started paying manually with a check (for insurance payments) kept debiting her account even though they were now being paid via checks the Merchaht sends them . In February on 3 different days the merchant had items returned (nsf) for non sufficient funds and the merchant had 2 days that she had a negative ending bank account balance. None of the negative bank balance or NSF days are consecutive. If this is something you are confident you can fund let me know . This file has already been approved for small amounts but the Merchaht wants between $40,000 in funding to $100,000 in funding preferably. There are no NSFs or negative days this month and In summer months the Merchaht see deposits soar to over half a million dollars a month . If you can find this email me at adam.c@guaranteedbusinessfunding.org
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03-26-2024, 02:46 PMHi is it quiet or busy
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03-26-2024, 11:50 AM....
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03-21-2024, 08:40 PMHas anyone here had any experience working with FlareStreamData? I've been receiving a barrage of emails from them, each one promising they have the best leads. Just wondering if anyone can share their insights or feedback on their services. 😄
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Yesterday, 04:00 PMDoes anyone have contact of management at LCF? Everytime they get a new employee in intake they start declining our applications. It has happened 6 times in the last 9 months since lisnet left Mike
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03-25-2024, 02:25 PMPACKS ARE WACK! FULLY FTC COMPLAINT. MCA SUBMISSIONS AVAILABLE GET AHEAD OF THE CURVE INSTEAD OF BEHIND IT AND WATCH WHAT HAPPENS TO PEOPLE MOVING FORWARD Brokers welcome! Change your business model today instead of going away!!!! Marc Harari Business cell- 561-805-3183 AIMEDIAGROUPLLC.COM 30 N Gould St Sheridan WY, 82801
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Yesterday, 11:10 AMHey! Please drop a list of reputable lenders that will fund deals in Canada! TIA
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Today, 10:08 AMClient with an office building worth $3.2MM. They have a 1st mortgage of approximately $600K and seeking $100K in bridge financing to finish installation of air conditioners for building. Leases in place for tenants for June 1st occupancy. Let me know what type of rate and terms you can provide for this client.
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Yesterday, 02:17 PMWho offers full and outright buyouts ? Not looking for a reverse consolidation I have a file, good credit, 200k rev, has 3 positions and going into his busy season with sales going up by 30% Looking for someone to who does a full outright buyout , any suggestions ?
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03-25-2024, 01:03 PMMy company purchased a fleet of 40 Teslas in December for $1.6 million in cash. We're currently operating as a ride share in Phoenix. I'm looking to obtain a loan of at least $1 million and ideally up to 80% of purchase price. I'm open to discussing structure and repayment terms. I've talked to banks but this doesn't really fit anyone's lending criteria so far so asking here in the hopes of find the right person to help. No debt on company and the guarantor has substantial net worth. Cash out is for other investment purposes.
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Today, 11:50 AMLooking for lenders that will ACTUALLY do 2-5 year terms. TIA!
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03-25-2024, 01:38 PMedom4578 started a thread Engineering Company - 1 Default (making payments) + 2 more positions in Deal BinLooking for a Funder for the following: I have an engineering company making $10k in remits/week. 1 daily, 2 weekly's. The daily is a payment arrangement on a default + 2 more positions. Total Balances approx. $140k with about 6-8 months left among all 3 positions. Average gross monthly rev past 3 months. (DEC-JAN-FEB) = $105k. Anyone able or willing to do a reverse or other deal structure? Or is this wishful thinking? (Gotta ask seeing the types of deals that get funded sometimes) Gentleman is looking to lower payments and cash out max for pending projects that will increase bottom line. FICO is approx. 580. Reasonable explanation for default. It's the only one in roughly 5 years of intermittently taking on MCA's. Currently making timely payments on it. Please DM
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03-26-2024, 03:17 PMI have a file 680 score 26k deposits monthly. looking for a unsecured business term loan, any recommended lenders?
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Today, 11:25 AMMy client who operates an 11 year old hair salon with 6 employees is seeking a $40,000 24 month funding. Same loan location since 2013. Average monthly revenue $32,000. Currently has an EiDl loan in the amount of $300,000 with payments of $193 monthly. Clients Credit score just dipped to 600. No other business debt. No prior MCA funding. Clients preference is a weekly payment. Can you recommend a reliable funder? Warm regards Ed Felder 813 245 3293