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  • VPS's Avatar
    Today, 01:53 PM
    Feel free to give us a shot. We primarily fund smaller MCA deals ("Micro" to 50k) turn them around super quickly and pay commissions at time of funding. No prohibited industries, but we generally stay away from single truck transport companies and small construction companies (sub 50k in revenue) as those tend to be too dependent on one or two clients to make the risk worthwhile. Feel free to send any deals over to amc@vpsfunding and cc me arif@vpsfunding.com. You can also text or call me on my cell at any time at 908.596.0796. Ari Finkelstein VPS Capital Funding O:813-574-2048 C:908-596-0796 arif@vpsfunding.com
    1 replies | 394 view(s) |
  • VPS's Avatar
    Today, 01:43 PM
    VPS replied to a thread 40k deal needed in Merchant Cash Advance
    Based on what you wrote I doubt we could do 40k all at once, but we may be able to put together a deal that makes sense. Feel free to shoot it over to arif@vpsfunding.com and I'll get on it right away. Ari Finkelstein VPS Capital Funding O:813-574-2048 C:908-596-0796 arif@vpsfunding.com
    3 replies | 363 view(s) |
  • Dailyfrog's Avatar
    Today, 08:23 AM
    Hello, If you are currently using a 3rd party service to pull ACH's from your merchants and dont want to wait 3/4 business days for funds to show up in your bank. Which bank would you recomend to turn to?
    0 replies | 62 view(s)
  • Dailyfrog's Avatar
    Today, 07:49 AM
    sources tell me its a part of the everyday funding metastasis
    14 replies | 1350 view(s) |
  • TheUnderwritingProdigy's Avatar
    Yesterday, 03:27 PM
    ^this.
    3 replies | 363 view(s) |
  • Yankeeman07's Avatar
    Yesterday, 12:33 PM
    Green Market Report - State of Cannabis Banking https://www.youtube.com/watch?v=1NDuK2ak1NQ
    0 replies | 12 view(s)
  • Yankeeman07's Avatar
    Yesterday, 10:59 AM
    A check can be be returned as NSF
    14 replies | 1809 view(s) |
  • harvey's Avatar
    04-09-2021, 06:27 PM
    sounds like about a 7 to 10k file at max
    3 replies | 363 view(s) |
  • alex.isak's Avatar
    04-09-2021, 04:08 PM
    Anyone have any update on them ?? They reached out to me, the platform seems nice but are they really owned by velocity?
    8 replies | 1366 view(s) |
  • KMCAKING's Avatar
    04-09-2021, 02:25 PM
    Merchant makes about 30k, looking for a 2nd pos for 40k behind FDM. Can be done today!!! Help me out here. Have all info on file.
    3 replies | 363 view(s)
  • AFGFUNDINGLLC's Avatar
    04-09-2021, 01:42 PM
    Use Perry @ GoAch...they are super friendly to the MCA industry and have solid service and fees... You need to be careful using a company that is not in the MCA space or you could have a lot of problems!!
    14 replies | 1809 view(s) |
  • Yankeeman07's Avatar
    04-09-2021, 01:00 PM
    Another Option for pulling Professional Service Fees especially when your bank does not know precisely that you are in the Merchant Cash Advance Business is a Peer to Peer Transaction - The Merchant does a Bill Pay into another Bank Account (Virtual) This option is acceptable for transactions up to $5,000.00. Since it is a Bank to Bank Transfer , you will have your funds withing 1 to 2 Days. Private-Secure - No Wire or ACH recalls. Call me for details -
    14 replies | 1809 view(s) |
  • michaelaj's Avatar
    04-09-2021, 12:57 PM
    Hello, we work with Canadian businesses and do direct lending
    1 replies | 507 view(s) |
  • AFGFUNDINGLLC's Avatar
    04-09-2021, 12:50 PM
    Does anyone have a rep over at Headway Capital. Need a reps contact info.. thanks!!
    0 replies | 207 view(s)
  • FundingStrategist's Avatar
    04-09-2021, 12:20 PM
    What does it sound like? “I had a bad experience with something similar.” Where does it typically show up? Prospecting Call: making contact with a lead for the first time. What do we do with it? Turn around. Key Objective: to turn around the objection, engage the lead further, and continue to guide the lead through the sales process to ultimately close and fund! How do we turn it around? “Wow, I’m sorry to hear that. What happened?” Why do we say it? “Well, we’re not like that, we pride ourselves on…” “I don’t know what you experienced before but I’ll be able to get you a better deal…” “You haven’t worked with me before…” “Well, here at X, we guarantee to get you the best…” These are some of the knee-jerk rebuttals reps will typically launch into to defend themselves and attempt to build credibility quickly so as to not lose the prospect. The one big issue here is, these rebuttals are jumping in too soon without actually addressing what the merchant was actually referencing. You have no idea what they are actually talking about until you ask! Most humans who haven’t practiced active listening are thinking about what they’re going to say next while the other person is talking. And when the other person stops talking, they immediately jump in to speak their mind. The key is to assume nothing – you don’t know what the merchant means until you simply ask. Before selling yourself, your company, your product, how you do things, it is important to give the floor to the prospect and give him the open floor to unpack what happened. It may have been that prospect was lied to. Maybe they felt they got stuck with a product that wasn’t the right fit. “The term was too short.” “The payment was too high.” “The rate was too high.” “Didn’t get any customer service.” “Didn’t get approved.” “Oh wait, I thought this was about my car insurance.” You just won’t know what you’re up against until you ask. The prospect will appreciate you getting curious about their previous experience, and will give you all the information you’ll need to know to continue meet the merchant’s needs on the call and keep the ball rolling forward. Once the merchant shares what happened, and hears themselves talk about it again, the natural inclination for him/her is to feel like if you can do better than what they experienced before, they’ll be open to listening to what you have to say. Funding Pros listen at least twice as much as they speak, and great questions convert prospects into customers. -FundingStrategist https://fundingstrat.com https://fundingstrat.com/objection-i...thing-similar/
    0 replies | 159 view(s)
  • randyw's Avatar
    04-09-2021, 12:02 PM
    Thanks for the reply. Do you know any lenders in who fund reverses in Canada?
    3 replies | 262 view(s) |
  • Ronnie Klein's Avatar
    04-09-2021, 11:24 AM
    Crystal Springs Capital funds a lot of reverses. Try us out! You can contact me at: Ronnie@Crystalspringscapitalinc.com
    5 replies | 916 view(s) |
  • Ronnie Klein's Avatar
    04-09-2021, 11:16 AM
    Crystal Springs Capital has very quick responses, quick & competitive offers, flexible programs, & we also fund reverse consolidations. Give us a try! You can contact me at: Ronnie@Crystalspringscapitalinc.com
    25 replies | 2226 view(s) |
  • Fundkite Egor's Avatar
    04-09-2021, 09:58 AM
    As a direct funder, we see a varying range of deals and what I've noticed... A Paper - Qualify for PPP etc. but a portion of them could use the extra funds provided by alternative funding. B-C Paper - May or may not qualify for PPP but if they do, usually have no use for additional funding until they make use of their funding/burn through it. D Paper - Does not qualify for PPP etc. so a majority of them are looking to alternative funding. Of course you also have the brokers that pivoted towards PPP and have been incredibly busy since the first round. If you can't beat them, join them.
    4 replies | 613 view(s) |
  • FLORIDAMAN's Avatar
    04-09-2021, 09:48 AM
    MaKe tHEm StOP CaLLinG Ill stop trying to sign you up when you stop crying about it and fund some deals with me
    54 replies | 7255 view(s) |
  • BB_Cooper's Avatar
    04-09-2021, 09:34 AM
    What about the impact of PPP2 on the composition of deal flow this spring?
    4 replies | 613 view(s) |
  • mickledang's Avatar
    04-09-2021, 04:47 AM
    And finally, make sure you monitor the performance of your email campaign. One of the best ways to do this is to pay attention to the open rates on each individual piece of copy. When your email campaign is performing below expectations, it may be a good practice to make the necessary changes to improve the situation. Keep these factors in mind as you develop and test your next campaign.
    10 replies | 201 view(s) |
  • DonMcGrath's Avatar
    04-08-2021, 08:16 PM
    Oh I got stories, stuff that will make your voice get soft and whinny. But you better give me your private email for this....Sean would throw you out the window by the nape of your neck if he caught you looking at these.
    15 replies | 1849 view(s) |
  • mcaleadsgateway's Avatar
    04-08-2021, 05:09 PM
    Our Qualified Business Loan Leads Feature- Businesses that need funding within one or two weeks a minimum 1+ year in business The borrower has an immediate use for the funds Online tracking portal Direct communication with the business owner/decision-maker $10,000 or more a month in gross sales revenue Contact Us info@mcaleadsgateway.com https://mcaleadsgateway.com +1 (551) 900 5809
    0 replies | 34 view(s)
  • Mattspin's Avatar
    04-08-2021, 04:34 PM
    If they're still looking for quick funding, Send him over to me. We'll give you a quick offer and have him funded immediately. Matt Spinelli ISO Manager Spartan Capital 201-907-4042 matt@spartancapitalgroup.com
    2 replies | 677 view(s) |
  • mikedavis's Avatar
    0 replies | 35 view(s)
  • Fundkite Egor's Avatar
    04-08-2021, 03:12 PM
    I'd say the same for us with the exception of trucking/transport. Biggest surprise for me, as you mentioned, was the amount of agriculture deals coming in. Gladly did my due diligence and researched to stay on top of those.
    4 replies | 613 view(s) |
  • jjdcnetrex2's Avatar
    04-08-2021, 03:09 PM
    Funny just came across similar situation in Canada as well. If anyone can help please feel free to pm me as well. Canada deal with 4 positions. Doing average of 100k a month with good balances.
    3 replies | 262 view(s) |
  • SCCNY's Avatar
    04-08-2021, 03:02 PM
    Probably looking at a reverse as a possibility only, you should be able to net them funds though if balances aren't too high
    3 replies | 262 view(s) |
  • JParr's Avatar
    04-08-2021, 02:53 PM
    We are seeing a large increase in interest from MCA ISOs wanting to diversify and start offering different financing options. While it was primarily for equipment financing, which we provide, many wanted to learn and offer a suite of products. This was one of the reasons we started offering the Commercial Finance Academy last year. As far as industries thriving during the pandemic, we've been funding many of the same usual suspects. We are a generalist lender and will consider nearly all industries. Medical Manufacturing Transportation (Especially Last Mile) Food Production Technology Construction Cannabis Agriculture Etc
    4 replies | 613 view(s) |
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