Activity Stream
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Older Activity
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Yesterday, 10:00 PMDid the merchant settle ? -
Yesterday, 09:31 PMWell look into the 20k monthly if they have a zbl for previous default. No promises though, we have to feel the merchant out, we are very selective about who we fund. Andrew Perez Ark Capital LLC Andrew@arkcapitalfunding.com www.arkcapitalfunding.com 908-208-3593
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Yesterday, 09:14 PMDavid Pell is a figment of a crazy old man's fantasy and doesn't exist. Scam.
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Yesterday, 09:10 PMThere is only one person behind all of this. The underwriting reports are fake and the same ones are used on almost every deal. They've NEVER closed a loan and have been scamming people for over 10 years now.
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Yesterday, 09:03 PMI have been using Anthony over at Sky Data 360 for a couple of months now, He has way more leads than I am buying, not sure if he is on this platform, but I can send you his number if you like. The leads I am getting are so good I have dropped the other 3 groups I was buying from and only using SkyData 360 ...I can tell you the leads are real people, and you get the app and 3 months' statements. I am not closing them all, but I am getting deals done. I would say the best part is the connectivity of the leads...its better than any other source I have used. I'll drop his email in here: Info@Skydata360.life
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Yesterday, 07:37 PMHey DF, We are currently looking for a Sales/Success Manager with experience managing remote teams This is a full-time Performance Based remote role. The Sales Manager will be responsible for overseeing the sales team's development, monitoring and shaping new sales people, helping new agents close deals, and achieving sales targets. This is a position which we currently have open for people with various sales background in various industries but I thought posting it here for people with MCA specific experience. Do not post questions here as this is not a Q&A post. Please send over a direct message outlining briefly your sales management experience. If we believe you have the experience we seek we will be happy to schedule a zoom call interview going through the process of what we are looking for and what the position fully entails. We are looking for an entreneurial minded manager who is ambitious as they are skilled. Looking forward to your messages. B2 Capital.0 replies | 36 view(s)
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Yesterday, 07:06 PMTry Cadence Bank. Direct might work. They will look at cash flow. Different program. You can also access them through SmartBiz (7A) but SmartBiz might reject it due to the industry without moving it further.
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Yesterday, 06:43 PMHave a customer who has an MCA and should qualify for SBA express 150. The 4 SBA Lenders I work with have stopped all transportation Loans. Who is doing SBA Transportation. Mike1 replies | 23 view(s)
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Yesterday, 05:26 PMAmerican Choice Cap replied to a thread New broker here looking for funders in Merchant Cash AdvanceJoseph is good people.
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Yesterday, 04:55 PMPoint of sale company for bodega stores. Like any smart company, they are trying to capture all the revenue, like what Shopify does with loans. I believe they are only in the cash advance space when it comes to their clients.
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Yesterday, 04:27 PMI will say it again as i posted previously Goldenhippo. Im not here to argue or waste my time discussing the merits of the deal, I am here to let others know about how it transpired to avoid it themselves.
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Yesterday, 03:51 PMSounds like this deal is as good as the one Stormy Daniels ended up with: Daniels says she ended up with around $96,000 from deal after attorney and her agent took their fees After attorney Keith Davidson and her agent Gina Rodriguez took their fees, she ended up with “approximately $96,000,” she said. That's 26.2% in fees. And she would have to pay taxes on that as well.
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Yesterday, 03:38 PMWe never take a PSFs on MCA. We are primarily an A Paper/ Term Loan/ 7A shop deals of this sort are out of our wheelhouse. Client this case needed a 5th position and we explored various options, presented all options to the client who needed the funds immediately for payroll. At the end of the day the client agreed, signed and completed the deal to full RTR as agreed with no missed payments etc. However, youre not wrong. We should have done a better job vetting FND hence the purpose of my post on this thread to let others know to not make the same mistake. The purpose of the post was not to discuss the terms of the deal, albeit terrible.
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Yesterday, 03:33 PMThe first thing you can do is contact the bank about the unauthorized debits. The way it works is that the bank contacts the bank that did/authorized the pulls and the bank that authorized the pulls requests to see authorization from the puller. If they have contracts, then they let it go and then any "fraud" is up for a lawsuit. If they don't, then they will likely return the money.
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Yesterday, 03:31 PMYou brought FND the deal, you're responsible whether you like it or not. Instead of sending your deals to bs funders in long island, do your research next time. So because of your negligence, he is out a bunch of money from the nasty deal you got him, plus 51k for the over debits, lawyer fees, and his time wasted on this situation.
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Yesterday, 03:29 PMWe're onboarding new ISO's. We fund B/C paper. Reach out to discuss our full guidelines!
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Yesterday, 03:26 PMGood question, its a 40 year old Non profit run by 75 y/o+ directors using local/regional bank that likely doesnt use MFA/ 2FA.
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Yesterday, 03:24 PMYes. Call me. 5163983918
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Yesterday, 03:23 PMIm not sure how a funder over debiting from a merchants bank account or a merchant not changing their bank login is negligence on my part. This is a merchant with 700k in revenue per month and hundreds of credits and debits in their ledger who has utilized MCA products for years this caught both of us off guard as ive never seen this happen in my 12 years of experience in the industry. When they caught it that is exactly what i advised them to do. But yes it will likely proceed to a lawsuit unfortunately.
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Yesterday, 03:12 PMYou could've have easily advised your merchant to a) call the bank and tell them to block this funder or b) change their password. From your story, it seems you were incredibly negligent.
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Yesterday, 02:57 PMCredibly, Kapitus, IOU
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Yesterday, 02:39 PMThat is insane.... Simple lawsuit should have this guy dead to rights. Over-debiting is a huge problem with these BS high risk funders- make sure to change passwords especially when balance is paid off!!!!
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Yesterday, 02:38 PMJust a curiosity question - Why did the merchant not change their login credentials , plus nearly every bank I know of utilizes MFA - why not in this situation?
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Yesterday, 02:16 PMA heads Up to any ISOs/ Brokers out there. Run dont walk away from these guys. 12 years in this industry ive never seen a deal handled worse. Funded Client 25k deal with 30% origination, 25 day deal 1.499 payback 37,500. Upon completion of the deal and full RTR paid . Jacob Proceeded to use merchants login 40 days later and pull additional ACHS totaling 51k.. All while ignoring the merchants calls for 2 weeks while pulling ACHS. First excuse was its passover, second excuse was im sick, third excuse was you owe me 10k for stack ( Shocker. Client did not stack) . We have plenty of unethical people in this business but this was by far the most unethical conducting of business ive ever seen by an egregious measure. Oh and as for the max comission, of course it was never paid. Again proceed at your own risk but RUN dont Walk from FND.
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Yesterday, 01:46 PMQFS Capital is onboarding Iso's! If you have any reverse files feel free to reach out.
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Yesterday, 01:20 PMPopCrumbs replied to a thread Spanish Speaking Puerto Rico Leads - Exclusive to You - Name Your Price in PromotionsLeads like this restaurant doing $50K a month https://butaquerestaurants.com/ had over 10 leads doing 50K plus go unsold, if you fund PR youre missing out here.
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Yesterday, 12:40 PMThank you
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Yesterday, 12:31 PMwho is a good funder for dr in ca has ondeck 50k weekly does 250-300k deposits LOAN FALCOON!!! lol but really
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Yesterday, 12:10 PMI know them very well- Great guys. They are owned by a huge company called IDT which is publicly traded. Super compliant in every way
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Yesterday, 11:54 AMReach out.... Here's my real estate funding submission request form: https://docs.google.com/document/d/1m1yrDyTkRWohqYtW9lfqFZNL-WVY1xoW/edit?usp=sharing&ouid=105603638146100170340&rtpof=true&sd=true Complete and email to me.
