Activity Stream
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Older Activity
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05-24-2024, 01:48 PMAnyone fund 1st position auto sales in Cali? Phenomenal rev, very strong account balances, high FICO, good TIB, previous MCA history. Who would touch this?
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05-26-2024, 07:06 PMAdamSchwartz started a thread Easify Software is looking for an experienced sales rep to sell the best MCA Software in Help WantedEasify is looking for a dynamic salesperson, with MCA experience, to sell the #1 software platforms in the MCA Industry What is Easify: #1 CRM in the marketplace Funding and syndication system Business in a box broker and funding solutions SMS mass marketing system Phone system and dialers NO more SPAM LIKELY solutions AI automated solutions White label funding solutions & much, much more See our software deck here: https://bit.ly/4aErMJA Salary + commission Please send resume to sales@easify.live Looking to fill position ASAP
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05-22-2024, 06:02 PMWho can fund a janitorial company averaging $75,000 per month with only 5 months time in business?
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05-22-2024, 02:32 PMGFB Financial service started a thread Transportation deal great daily balance in Merchant Cash AdvanceHey everyone i have a trucking transportation deal that i need funded if anyone could help please feel free to contact me 347-674-7509 or if you could point me to the right direction that will also work thanks everyone
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05-24-2024, 01:36 PMGood Day All, Electra Funding is now accepting new ISO's. We will fund it all - from A paper all the way down to Active defaults (Previous defaults are not an issue) Terms: B-D Paper up to 45 days. our ONLY requirement is = Minimum revenue for funding is 25k. We have no maximum dollar amount for funding. (our #1 goal is always highest dollar amount approvals) We fund 6-7 figure deals same day with no hiccups or delays. Lets start funding TODAY Send all submissions to Subs@Electrafunding.com Electra Funding 1-(516)-757-8601 Subs@Electrafunding.com https://www.electrafunding.com/
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05-24-2024, 09:54 AMWe have a lender who would like to give a merchant a loan, but they want the 2023 IRS xtension. They forgot to file for one! They're officially late (S Corp), and they were planning on filing in September, and they will just pay the fine rather than file it now, as it takes them 2 months to get everything together. What's the work-around? Can they get an extension if they were negligent in asking for one? They get the mulligan and get the fine removed if they ask nicely, but does anyone know if there's a solution here? I did put them in touch with an attorney, but maybe there's a simple fix that anyone here knows about?
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05-22-2024, 11:43 AMAnyone have issues ever like this. Pulled a payment doesnt show up on their end Then get a nsf code two days later. Merchant had well enough funds in there to cover the payment. Had another funder in there. Their payment went through mine didnt. Thoughts? Merchants bank is Chase
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05-22-2024, 11:21 AMHas long term contract with Amazon. The problem is they are only 16 months in business & wants bi weekly/monthly. Average daily balance is over $100K. Who might want this?
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05-23-2024, 11:43 AMCan anyone point me to an investor or lender that may do these type of high end loans..
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05-23-2024, 10:18 AMHaving a debate with someone Without any context: What percentage of your leads are UCCs? If you don't want to answer that question: Are UCCs part of your lead lists on a regular basis? Burners welcome, given the circumstances
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Yesterday, 04:16 PMLooking for recommendations for an owner occupied CRE cash out for around $100k, with a quicker turn timeline of a max of a month. Looking for a loan structure, not MCA secured CRE, but can be shorter term of 3-5 years with a monthly payment. Looking to get some cash out without destroying cash flow. Thanks in advance for suggestions.
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05-23-2024, 09:07 AMPlease Drop Info Below or PM
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05-23-2024, 02:08 PMJustInCase started a thread Topic: How will MCA reconcilation affect broker commissions, alleged defaults, etc. in Merchant Cash AdvanceWas thinking if a merchant is dead set on activating mandatory reconciliation clause immediately after funding how will that work? Because technically they can if deposits drop day right after according to the i's and t's of law if fully explored. Defaults do not truly exist as MCA is not a loan and risk leans on funders not merchants according to new case law. With that; #1 - If a seasoned merchant does this from the gate, how would that affect commission "PAID OUT" if at all? As old rules it is considered a "default" or "lowered-payment". Future commissions could be % like reverses I assume. #2 - If this catches on and merchants employ this as a regular strategy for savings it would basically produce denials for future funding limiting stacking which is a cure as per old system. #3 - And if no such thing as a default how will funders classify or recognize reconciliation for what it is vs default or lowered-payment? Some questions I have...
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05-22-2024, 01:18 PMGood afternoon, My name is Richard Kim here at Essential Funding Group. We are a high risk funder looking to onboard ISOS. We do B-D paper 2nd-6th position is our sweet spot and strictly do Merchant Cash Advances as a funder. Our factor rate max upsold ranges from 1.450 1.499 paying 10-12% on the funded. Commissions are paid out every Fridays. Terms ranging from 3-9 months daily/weekly. 5-10% origination fee ranging on pricing tier We are a flexible partner who try our best to help our ISO partners fund more merchants. We fund all states except Utah, California, and New York. Minimal stips needed to fund. Here at Essential, our Isos get a seat at the table. Please sign up with us! You won't regret it Richard Kim Essential Funding Group rkim@myessentialfunding.com https://myessentialfunding.com/partners/
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05-24-2024, 11:17 AMprinting company in PA has 200k in A/R ...need someone to do invoice financing or fund towards account receivables good banks need stack to 100k was previous default but took out WG loan and paid in full anthony@simonsaysfunding.com
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05-22-2024, 03:52 PMI have access to Plexe, Ondeck, Headway, Rapid, ARF, Idea for all your line of credit needing merchants. Please reach out to me by DM or email is mathew@ifscapital.com
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05-22-2024, 05:03 PMhttps://chicago.suntimes.com/small-business/2024/05/21/nonbank-interest-rate-disclosures-small-business-loans-illinois-legislature
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05-23-2024, 01:25 PMGrowthHacker started a thread The Difference Between Chat GPT-3.5, Turbo, and the newest release Chat-GPT-4o in Everything elseLast week OpenAI released their latest version Chat GPT, which is Chat-GPT4o. When Chat GPT was first released 18 months ago it was version 3.5, then 4, then 4-Turbo... (and lots of minor iterations in-between those massive improvements) There are some major differences between these, here's the breakdown: Speed: How fast the GPT can answer your questions. Chat GPT-4o is the fastest, followed by Chat GPT-4 Turbo, and then Chat GPT-3.5. Price: How much it costs to use GPT. Chat GPT-4o is the cheapest, followed by Chat GPT-4 Turbo, and then Chat GPT-3.5. Input Length: How many words or characters you can use when asking a question. Chat GPT-4 Turbo and Chat GPT-4o can handle really long questions (128K tokens), while Chat GPT-3.5 can only handle shorter ones (2048 tokens). Knowledge Cutoff: How up-to-date the GPT's knowledge is. All three have knowledge up to April 2023, but Chat GPT-4 Turbo and Chat GPT-4o have more recent information up to October of '23. Multimodal Capabilities: What types of media the GPT can understand and respond to. Chat GPT-4o can handle text, images, audio, and video, while Chat GPT-4 Turbo can only handle text and images. Chat GPT-3.5 can only handle text. Reasoning and Coding Intelligence: How well GPT can think and solve problems. Chat GPT-4o is the best, followed by Chat GPT-4 Turbo, and then Chat GPT-3.5. Multilingual Support: How well GPT can understand and respond to different languages. Chat GPT-4o is the best, followed by Chat GPT-4 Turbo, and then Chat GPT-3.5. Vision and Audio Understanding: How well the it can understand and interpret images and audio. Chat GPT-4o is the best, followed by Chat GPT-4 Turbo, and then Chat GPT-3.5. Response Time: How fast the robot responds to your questions. Chat GPT-4o is the fastest (average response time of 320 milliseconds, which is comparable to a human, which will be great for voice), followed by Chat GPT-4 Turbo, and then Chat GPT-3.5. Context Window: How much context it can understand when answering questions. Chat GPT-4o has the longest context window, followed by Chat GPT-4 Turbo, and then Chat GPT-3.5.
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Yesterday, 05:08 PMGood Day All, Electra Funding is now accepting new ISO's. We will fund it all - from A paper all the way down to Active defaults (Previous defaults are not an issue) Terms: B-D Paper up to 45 days. our ONLY requirement is = Minimum revenue for funding is 25k. We have no maximum dollar amount for funding. (our #1 goal is always highest dollar amount approvals) We fund 6-7 figure deals same day with no hiccups or delays. Lets start funding TODAY Send all submissions to Subs@Electrafunding.com Electra Funding 1-(516)-757-8601 Subs@Electrafunding.com https://www.electrafunding.com/
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Yesterday, 11:47 PMomegafund replied to a thread Owner occupied CRE cash out $100k recommendations in All Other LendingIt would be helpful to know the location and type of property. Any other tenants or 100% owner occupied? Most funds are not going to go out 3-5 years for 100k. IF the credit is good and equity is there have them go to local bank www.omegafund.com
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Yesterday, 09:54 PMTheConfidentBroker replied to a thread Easify Software is looking for an experienced sales rep to sell the best MCA Software in Help WantedWhere do I start…
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Yesterday, 08:34 PMdiditevenfund replied to a thread Easify Software is looking for an experienced sales rep to sell the best MCA Software in Help Wantedimagine getting called out constantly.
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Yesterday, 07:22 PMloan amount too small for second position and that requires docs and fees...doing one now 20% interest 60 months but $250K+ loan amount and needs to be a good property.
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Yesterday, 07:10 PMIncbiz440 replied to a thread Owner occupied CRE cash out $100k recommendations in All Other LendingInteresting. Has to be first position or will they take junior?
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Yesterday, 05:07 PMA lot of hard money lenders just tend to put people in 2 year I/O bridge loans which I discourage. So be aware. I typically do these NoDoc 10 year fixed Interest Only, then 20 year amortized. 65% Loan to value cash out on CRE. if decent Fico 10.49%. 5 year prepayment penalty 5,4,3,2,1. You can do a prepay buy down to one year at a cost of 1.5%. Lender fee usually 2%. Reach out. I always recommend 10 year I/O instead of the typical 2 year bridge with a balloon.
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Yesterday, 05:00 PMabfunders replied to a thread Owner occupied CRE cash out $100k recommendations in All Other LendingI sent you a lender intro. $100k is a small RE deal, but at least it's certainly a good way to start with any lender.
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Yesterday, 03:22 PMGlobal merchant, samson, libertas. Can all go 12 months plus
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Yesterday, 01:41 PMSent you a PM