Activity Stream
All times are GMT -4. The time now is 06:35 PM.
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Older Activity
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Today, 06:15 PMZonefund replied to a thread REALTIME Reconciliations with FundKite - How we do it. in Merchant Cash AdvanceTo all the folks that are considering working with them, make sure you search for fundkite on here and read stories of other isos that got ****ed in their ass by them. To those that know u know.
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Today, 06:12 PMZonefund replied to a thread This feed is always way too serious. What funny stuff do you guys do at work? in Merchant Cash AdvanceMy team smokes weed a lot. And we drink after 6pm when the folks that dont do that leave, we take shots. It gives us that liquid confidence to have fun making calls until 11pm or midnight.
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Today, 06:09 PMHello everyone! We are a VA licensed funder and a Direct Micro Funder since 2021. We extend our heartfelt thanks to our current ISO partners for their years of continued support and are continuing to open our doors to the rest of the funding community. Please feel free to reach out with any questions. 1 Year + TIB Guidelines Specialization We specialize in micro funding’s ranging from $5,000.00 to $30,000.00, with a particular affinity for retail, restaurants, medical, and salons. Maximum Funding $30,000.00, Exceptions may be considered and does not apply to renewals Minimum Revenue Monthly gross revenue should be at least $8,000.00, with a minimum of one deposit per week. Industry Restrictions Exclusions apply to law firms, as well as certain segments within micro construction, real estate, and insurance sectors. Buy Factor Ranging from 1.3499 to 1.379, with a maximum upsell option at 1.499. Maximum Term Length 140 Days (Weekly Options Available). Defaults Satisfied only for revenues exceeding $100,000 with established positions. Overdraft Fees Occur 2-4 times per month. Transportation Funding’s up to $15,000 70 Business Days - 6-11 Months TIB Guidelines Funding Amount: $3,000.00- $10,000.00 Term: Up To 70 Business Days Monthly Revenue: $12,000.00 Monthly with a minimum of 1 deposit per week Industry Restrictions: Construction/ Trucking/ Law Firms/ Insurance/ Bonds Etc Industry’s We Accept: Retail/Salons/Medical/ E-Commerce (Processor Based Industries) Defaults: NONE AT ALL Overdraft Fee’s: Per file Basis Buy Rate: 1.399 Max Upsell 1.499
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Today, 04:53 PMI am with tmr now and we fund trucing. Our first position renewals work like a line of credit in a way. Feel free to reach out to me to discuss getting you signed up with us. Scott Platto Scott@tmrnow.com tmrnow.com 212-220-9872
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Today, 04:35 PMI've done these kinds of deals before LOL. My situation is that I was working at pretty good size shop for a while with about 100 guys now im navigating the space on my own figuring out who to partner with because we're newer its harder for us to get onboarded with a lot of the bigger companies. Got tired pretty quickly of being one of the top selling guys at the company and making **** commissions because the place gave salary. Was making 25% of the commission with a 15$ an hour salary. Kinda blows when you know you're carrying the guys across the room who haven't closed a deal in a month and leave for lunch early.
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Today, 04:25 PMYour bank will put you on their mailing list for their credit cards and special promotions....watch out for those and review the programs.
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Today, 04:23 PMJHG replied to a thread This feed is always way too serious. What funny stuff do you guys do at work? in Merchant Cash AdvanceAt OnTap the whole team takes welcoming tequila shots when accepting our new team member :D Tequila during shabbat lunch is a must.. as well as with every funded deal.. Does anyone have Don Julio's PR team contact? I think we should be their ambassadors lol Diana diana@ontapcap.com 929-566-7317
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Today, 04:14 PMWhat was his daily or weekly payment?
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Today, 04:03 PMDo it internally.
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Today, 03:59 PMJohnny, send me an email, I have someone who I can refer you to. You should also do research with the other lead providers here, PopCrumbs, dumbleads, JasonBishop, Meridian
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Today, 03:50 PMDoes anyone have any good recommendations for new lead/data sources, ideally live leads generated on a landing page for merchants that are looking for capital. Thanks!
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Today, 03:39 PMRegium replied to a thread REALTIME Reconciliations with FundKite - How we do it. in Merchant Cash AdvanceYes, but what about banks not compatible with Plaid/DL?
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Today, 03:29 PMJonathanHendrix replied to a thread REALTIME Reconciliations with FundKite - How we do it. in Merchant Cash AdvancePretty cool, pretty innovative But why the A.I generated video....
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Today, 03:26 PMabfunders replied to a thread REALTIME Reconciliations with FundKite - How we do it. in Merchant Cash AdvanceFrom what I understand, as long as they keep Plaid/DL connected, they do the reconciliation automatically.
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Today, 03:22 PMRegium replied to a thread REALTIME Reconciliations with FundKite - How we do it. in Merchant Cash AdvanceDoes it work with all banks?
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Today, 03:21 PMNewco / Efinancial / Pearl / expansion (they'll probably give you the best deal) I once lost to forward finance on 1sts with deals like this that have a lot of units, so theyre a good bet.
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Today, 03:05 PMTry TMR, Everest
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Today, 02:44 PMWho funds 1st on trucking ? 200k average rev. Strong balances, 13 units on safer Need a good deal on 40-50k good term. Credit about 650
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Today, 01:51 PMhttps://dailyfunder.com/showthread.php/23091-Backdoor-Square-Advance-Beware
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Today, 01:36 PMOooo what happened?!? :)
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Today, 01:25 PMBscs replied to a thread This feed is always way too serious. What funny stuff do you guys do at work? in Merchant Cash AdvanceGonna sound so dumb... But when I first started my shop it was just me and a friend in a small office, we used to do "Drunk Thursday" where we wouldn't eat until like 2:30 and we would break our fast by sitting on the floor and singing then we would drink 2-3 8oz cups of Vodka... Then we would just call merchants while trashed and just make rucus (suprisingly used to make some productive calls tho)... It was sooo much fun. like we would litterally look forward to that every week. We were both 21 and single so didnt have to support a family so we used to do these things... I wish I still had the liver to do those things.
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Today, 01:15 PMFundKite started a thread REALTIME Reconciliations with FundKite - How we do it. in Merchant Cash AdvanceFor those of you who are unsure how real-time reconciliations work and how the benefit the merchants please watch our explainer video here.. https://fundkite.com/real-time-reconciliations-work/ happy to answer any questions.
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Today, 01:13 PMFundKite replied to a thread Topic: How will MCA reconcilation affect broker commissions, alleged defaults, etc. in Merchant Cash AdvanceHeres a good reaqd https://debanked.com/2024/06/real-time-reconciliations-on-revenue-based-finance-deals/ and our explainer video https://fundkite.com/real-time-reconciliations-work/
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Today, 01:11 PMDo you have a question or concern for us?
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Today, 12:55 PMThere are some that will still take new brokers.
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Today, 12:45 PMprob a broker shop who funds in house
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Today, 12:39 PMBeen a few years with them, pretty solid overall. 1st pos $75k 22 weeks 1.40, Square came in with 2nd pos $50k, 19 weeks, 1.45 with a good EPA
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Today, 12:31 PMCareful w square. They ****ed an iso on here. I got ****ed by em too. What term rate and $ amt was it? Theyre high risk still?
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Today, 12:29 PMWhats their website?
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Today, 12:28 PMFranklin replied to a thread What's an 'average' / 'fair' commission split? in Merchant Cash AdvanceThis is referring to Monthly Funding amounts. www.UccRadar.com – Name your own Price Leads