Activity Stream
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Older Activity
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11-12-2024, 06:05 PMbmckenzie67 started a thread Seeking $500k for Construction Renovation Co with Average Monthly Revenues of $1.2 mi in Merchant Cash Advance*Fund Managers Only* Construction Renovation Company in high growth mode seeks $500K for working capital to start some upcoming projects. Revenues over the past four months average above $1.2 million per month . Merchant currently has $2.5 million in Accounts Receivable from Real Estate investor(s) client base. The past three months have shown lower daily balances in bank accounts due to their high growth rate and having to carry 20 - 25 percent of the job costs to get current projects completed and inspected. The merchant had a personal Ch. 7 bankruptcy that discharged 8/29/2023 The client had to serve a brief prison sentence a few years back for a non-financial related crime (details will be provided after interest is shown in deal by lender) Their credit scores are greater than 700, and they do not have any current positions.
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11-22-2024, 09:02 PMOrlando.LAG started a thread LAG Holdings DBA Logic Advance Group! Now onboarding new ISOs in PromotionsHey everyone, I now partner with Logic Advance Group. We’ve been a direct funder for a year, and we’re excited to launch our ISO relationships division. We’re looking to partner with 5 ethical ISOs who value honest and fair business practices. Before joining LAG, I was a broker, so I understand the challenges brokers face—like deals being backdoored, unfair declines, or brokers making false promises to merchants just to close deals. That’s not the kind of ISO we want in our network. Here’s what sets us apart: •Approvals within the hour •Aggressive Early Payoff options •Funding amounts from $5,000 to $1,000,000 •2nd–5th positions •Terms up to 140 days (28 weeks) •95% merchant renewal rate •Syndication opportunities 20% or higher 0% Management Fee If adding a reliable funder to your network sounds helpful, contacts us Orlando Garcia Orlando@logicadvancegroup.com https://logicadvancegroup.com/partner-iso/
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12-06-2024, 12:34 PManyone know of any company that operates similar like World Business Lenders?
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12-04-2024, 07:16 PMLooking to onboard microfunders. Who can you vouch for?
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11-26-2024, 06:53 PMI recently saw a $40k pre-offer given to a broker from a broker, Orange Funding), who refuses to provide or produce contracts until a 2% upfront fee to the broker is paid. At least they (Orange Funding) had the guts to put his real name and email address in the very official looking term sheet.
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11-27-2024, 12:49 PMAre these people direct funders?
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12-04-2024, 01:31 PMGood Morning Guys, I fund about 8-10 units a month with EBF. Knowing their back door team is attacking my merchants without any hesitation. I been in the MCA space for 10 Years plus so thankfully I get my merchants on lock right away. For the first time though they just voided my contract and sent a brand new one to the merchant. Stole my deal 100%. I got all the info from my merchant. Said "Everytime I speak to you they seem to know" Has anyone been experiencing this with EBF? I know fighting them there is no point. They will just cut us off. Does anyone have any other funders funding lower rev trucking deals? Thank You.
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11-11-2024, 05:17 PMNo full fix and flip experience. Experienced GC doing full teardowns and rebuilds, wants to do something just like what hes doing for his clients, but for himself. (New york city) Ex: Buy an old lot 2 family, re-zone it for a 4 story building. Sell units after. Has home equity, could do creative financing and put some money together. Anyone ever digged into this, or done something like this that can help?
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11-13-2024, 01:01 PMHey everyone, We’re excited to announce that I-GotFunded is looking to partner with motivated brokers and ISOs who are ready to close more deals and get paid faster! Here’s what we bring to the table: ✅ Same-Day Funding After Approval – Get your clients funded quickly, so they don’t miss out on opportunities. 💸 Next-Day Commission Payouts – We value your hard work and ensure you get paid fast. 🔢 1st to 7th Positions – We fund stacked deals up to the 7th position. 🌍 All Industries Welcome – Yes, even high-risk sectors like cannabis and trucking. 🗓️ Flexible Terms up to 12 Months – Tailored repayment plans to fit your clients’ cash flow. 💵 Funding up to $4 Million – We help your clients access the capital they need to grow. If you’re looking for a reliable partner who makes funding easy and profitable, let’s connect. Simply DM me or drop your contact details, and we’ll get you onboarded in no time! Let’s close deals and grow together! Cheers, David Mathieu I-GotFunded 📞 917-710-4220 📧 david@i-gotfunded.com 🌐 www.i-gotfunded.com
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11-30-2024, 03:56 AMI had a file get KIF for history of "fraud/ financial crime and or criminal history" not sure if anyone would touch this also has a previous default 70k steady rev
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11-26-2024, 03:01 PMNeed people's thoughts here... Merchant/Deal #1 Funded for $30,000 We were paid commission Payment issues are happening, 3 Bounced payments, we have been in touch with Merchant (their daughter is in hospital and she is spending alot of time away from work visiting, caring for grandchildren, etc) Merchant/Deal #2 Funded for $30,000 We were paid Commission Deal renewed for $95,000 Commission is owed We were told to get Merchant/Deal #1 "back on track" before commission is released for deal #2. After a back and forth we proposed just treat deal #1 like a Default and issue us the difference in commission for Merchant/Deal #2. Funder does not want to do this. Merchant/Deal #2 Called in to adjust payment - they tried using this as a reason not to pay us, we had Merchant IMMEDIATELY call back and rescind his request to lower/adjust payment. *This all happened quickly, a lower payment was never agreed on and wasn't processed whatsoever, so the payment was never lowered. My opinion is deal #1 and Deal #2 have nothing to do with each other, In reality I feel we should be issued full commission for Deal #2 and in the event that Deal #1 does fully default and is sent to legal, then Deal #1 Commission should be clawed back. I also believe it is more than reasonable for us to have proposed just acting as if Deal #1 is in fact a default, deducting the commission/clawback from Deal #2 Commission and sending us the difference, and working out deal #1 as it progresses.... either having the clawback stick and/or getting the deal back on track and being reissued commission once Deal pays in full. What is everyone's thoughts here? Am I completely unreasonable?
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11-22-2024, 01:58 PMAutoparts, great credit and cash flow , 2 a paper lenders in the 1st Competing against an aggressive 7month offer
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11-26-2024, 04:12 PMI have client he is mortgage planner has 20 loan officers under him last 3 months doing about 120k a month ending balance 16k MTD 213k Defaulted in the past 90k and 16k broker promised line of credit in writing paid back roughly 90k is there any private investors who willing to speak to my client he will 100% back trump back in office rates are dropping he will be doing 500k a month easy , needs 50k 25k lowest doesn't care about the rate since its last minute Alvi Limani info@creditzen.us CreditZen Solutions Inc 40 wall st New York, NY 10005 Creditzen.us
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11-14-2024, 03:27 PMbmckenzie67 started a thread Seeking $70K for Roofing Company with Average Monthly Revenues of $80K in Merchant Cash Advance*Fund Managers Only* Solar Energy and Roofing Company seeks $70K for working capital. Revenues over the past six months average above $80K per month, but have fluctuated recently due to delays with insurance carrier claims processing. AR is not collectible due to type. Merchant's client base is primarily residential homeowners and some commercial businesses. Their credit scores are greater than 680, and they do not have any current positions. Contact me brian@rainstarcapitalgroup.com if interested.
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11-21-2024, 11:50 AMchrisscantling started a thread Solar Company in CA looking for 1st Pos - $300k/ mo deposits in Merchant Cash AdvanceMerchant has mid 600 credit, does $300-600k per month - We have an offer for $175k 1st Pos Anyone can compete? Current Lender wants to do manual login but merchant does not want to give full access. Is okay with decision logic, view only, or screen share - Has MCA History
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12-06-2024, 12:54 PMWhich lender will fund immediately after funding?
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11-13-2024, 09:21 AMJumpstart started a thread Looking for line of credit funders and other loan products in Business LoansI'm a loan broker with a steady stream of qualified business leads, looking to diversify beyond MCAs. I'm specifically searching for direct lenders who offer: Term loans Equipment financing Commercial real estate loans Working capital solutions Lines of credit (particularly interested) If you're a direct lender offering any of these products, or can recommend someone who does, I'd love to connect and discuss a potential partnership. Please DM me with your lending criteria and available products. Thank you
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12-02-2024, 03:23 PMNeed a funder here had ondeck 7 times Construction Good TIB good credit good balances construction currently got funded by them September 200k a month ondeck did 100k 1.4 65 weeks Looking for 30k 800 weekly any suggestions?
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11-12-2024, 06:07 PMhttps://www.freightwaves.com/news/the-great-freight-recession-is-officially-over
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11-22-2024, 05:16 PMLooking a Funder that deals with non profits? Any Suggestion. Please advise Thanks Varian
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12-03-2024, 04:07 PMI have a merchant with high rev and a high average daily balance. Mostly cash deposits but a decent amount comes from Square. Pharmaceutical sales industry, is interested in putting his escalade up for collateral if he can get more money. Willing to pay back in a month due to high turnover.
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11-13-2024, 02:41 PMNonprofit montessori school averaging $30k a month with daily balance $5k and up looking for a first
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11-14-2024, 10:42 AMSeth Davis started a thread Undercover Agents Working for Federal Regulators Posed as Merchants in Merchant Cash Advance"With what amounted to more than 100 total in-person visits across 23 financial institutions (all of which were bank branches) for the duration of the operation, the CFPB allegedly hoped to gauge potential racial discrimination." https://debanked.com/2024/11/undercover-agents-working-for-federal-regulators-posed-as-merchants-inquired-about-business-loans/
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12-04-2024, 11:56 AMCustomer keeps big balances but limited deposits need 1st with weekly and longer term Any Ideas NY Deal 14 years in Business Nov 2 Deposit - 101k October 7 Deposits - 129k Sept 6 deposits - 120k Mike
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11-15-2024, 11:52 AMGas station w/ 130k+ rev, 60k from convenience and food cc sales. 830 credit. Who can go longer than 40W on this?
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11-18-2024, 11:44 AMBill@i-gotfunded.com i got funded ...who are they and are they legit
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11-20-2024, 12:32 PMGood morning, Meged is looking for ISOs/Brokers, who specialize in funding doing bigger deals, ranging from $300K to a few million. If this is what you’re good at, reach out to me, and I’ll get you onboard and help with the deal flow. Or, if you know of brokers who fit this profile, feel free to send them my way—I’ll take care of them and make sure you’re taken care of too. Thanks, Abe Siegel Meged ISO Account Manager
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11-20-2024, 11:08 AMGenuinely asking, Who, besides a banking institution, would write a $10mm+ business loan strictly based off financials ? I have a company generating approx 4mm a month and is looking to expand their operation. They're looking for a large loan with relatively low rates (prime+3.5-4) Dont know of any banks/bankers that I can reach out to to ask. Which bank would even accept a broker ? Thanks for any suggestions in advance
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11-14-2024, 06:17 PMlooking for direct lenders to handle all business for term loans lines of credit from 50k to $1mm hard money loans based on equity or assets please contact anthony at 646 202 0095 or anthony@simonsaysfunding.com