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Today, 01:34 AMCollinscash started a thread Help Your Clients Access Quick Capital with Merchant Cash Advances! in PromotionsIf you have clients who need fast, flexible funding to support their business growth or cover immediate expenses, a Merchant Cash Advance (MCA) could be exactly what they’re looking for. Unlike traditional funding options, MCAs are based on future sales, making them more accessible for clients who may not qualify for other types of financing. Here’s why MCAs from Smart Business Funding could be a great fit for your clients: ✅ Quick Approval and Funding – Funds can be available within 24 hours, providing immediate capital when it’s needed most. ✅ Flexible Repayments – Payments are based on a percentage of daily or weekly sales, so clients aren’t locked into fixed payments that strain cash flow. ✅ Accessible for Clients with Limited Credit – MCA eligibility focuses on monthly revenue rather than credit history, making it ideal for newer businesses or those with less-than-perfect credit. This solution works particularly well for clients in retail, restaurants, healthcare, and any industry where sales can fluctuate seasonally. Plus, partnering with Smart Business Funding gives your clients access to a trusted provider that ensures transparent terms and expert support. If you’re interested in discussing how MCAs can benefit your clients, feel free to reach out! Let’s work together to help them get the capital they need to thrive.
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Today, 01:04 AMFor starters banks can't participate in the microloan program. Google CDFI. On top of that Microlenders make a stack more money from the ongoing client technical assistance fees which they collect under their SBA grant for facilitating the program, plus the kicker the SBA pays for each microloan booked. On top of that the top end allowable default rate for a participating lender in that program is *15%* by dollar volume, not loan volume. Of course nobody actually wants a 15% default rate, but these lenders get concerned when their default rate is *too low* because that indicates they're not adequately serving their target market which is by default higher risk clients (LMI, startups, minority/women/immigrant/refugee owned etc). I did an SBA microloan while a client was in a chapter 13. Once. Haha. Some of the deals some CDFIs that participate in that program do while small are insane considering the cost (nowhere related to the risk). And that's also why those organizations derive the bulk of their income not from interest and fee revenue but grant funding. What's even crazier are some of the state and local funded microloan programs floating around that are at 0-1-2-3%.
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Yesterday, 05:02 PMDennisM replied to a thread best crm's for mca/term loans/loc/ overall financial space in Merchant Cash AdvanceBest Overall: Cloudsquare Broker / Lend Best On Budget: Not Cloudsquare Best For Big Shops: Cloudsquare Best for Small Shops: Cloudsquare International Lending: ? Broker/Syndicator/Lender CRM: Cloudsquare Broker / Lend With Cloudsquare Broker, you could: 1. Integrate with your online application 2. Integrate with any dialer 3. Integrate with any sms provider 4. Lead Round Robin 5. Integrate with any eSign provider 6. Match merchants with the best lender 7. Submit to lender via email or API (You don't need to login to portals anymore) 8. API lender's offers read back in real time 9. Track commissions 10. Track renewals 11. Track open positions with other funders 12. Marketing automation 13. Robust out of the box reports and dashboards If you are a broker, take a look at this teaser video: https://vimeo.com/770971363 With Cloudsquare Lend, you could 1. Automatically parse applications and bank statements with your preferred vendor (Heron Data, MoneyThumb, Ocrolus, etc) 2. Auto decline based on your guidelines 3. Pull Credit, Run a background check 4. Price Deals 5. Send offers to ISOs 6. Generate Contracts 7. Invite syndicators 8. Log funding call 9. See real time balances via Plaid 10. Automated Loan Servicing via ACH Providers (ACHWorks, Actum Processing, etc) Both platforms are built on the #1 CRM in the world, Salesforce. Anything missing can be built with clicks, not code. Unlike other CRMs, your data is secure with Salesforce Interested in learning more? DM me
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Yesterday, 03:43 PMGood job spamming the website.
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Yesterday, 03:14 PMfundmore replied to a thread best crm's for mca/term loans/loc/ overall financial space in Merchant Cash AdvanceQuick update: We’ve released Auto Parse Funder Responses, which is a feature that automatically reads in declines, offers, and required stips. It'll use AI to automatically analyze emails from funders, classify them, and update the matching submission in Fundmore. Declines will have a decline reason, approvals will have offer details, and even required stips will all be brought into Fundmore. This is a free feature that you can start using today within Fundmore, but it's still in beta and being tested for reliability. Here’s the link to get started (your first 2 weeks are free): https://fundmore.io/pricing
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Yesterday, 03:14 PMQuick update: We’ve released Auto Parse Funder Responses, which is a feature that automatically reads in declines, offers, and required stips. It'll use AI to automatically analyze emails from funders, classify them, and update the matching submission in Fundmore. Declines will have a decline reason, approvals will have offer details, and even required stips will all be brought into Fundmore. This is a free feature that you can start using today within Fundmore, but it's still in beta and being tested for reliability. Here’s the link to get started (your first 2 weeks are free): https://fundmore.io/pricing