Activity Stream

For 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.

Who looks at bad files under 20k?

Business is super well qualified, had some good offers on the file in the past. Looking to get him some more money at a higher $ amount. Not sure who the best lender to send this out to is. 700 Fico 900k in rev.

For me last shabbos, the local mashgiach was staying over so before we went to the rabbis we got drunk and I put him on the dialer to call merchants! He got managed to get a couple subs in too!

Need someone to take over a reverse for a merchant in California. Withhold is right around 30% range with new funding he is looking to do. Does anyone do same week, or immediate take over? The only eligible funders I've talked to (Cali) say they have to wait 2 weeks before taking over from last disbursement. We have ISOs with most known reverse lenders, didn't know if anyone else would be willing to go in. Would be around half a million reverse. Any input helps, thanks.

Currently looking at on-boarding with Dakota. Was just wondering what companies other brokers are using

Hey guys, Have a merchant with multiple related businesses. Has 4 positions across all of them. His cashflow is taking a beating, and he's extremely interested in pursuing a reverse. The problem is, each position is under a different entity. Would any reverse lenders touch this?

what are your thoughts on Thriveway? does anyone have a contact number for them ?

I have a customer with a UCC filed by CT Systems with no lender. - Does anyone have a number at CT corporate systems to track this down? Mike

Have a file for a client that previously consolidated an MCA. Banks are solid for 2024 with good deposits. They are looking for smaller MCA/funding. Let me know if you can help on this one.

Looking into a few new lead companies and i've found stuff ranging anywhere from .10¢ to 4$ a number. Do you find that you have better contact rates and better quality calls with the more expensive stuff?

I'm looking for a company that would be willing to use a residential property as collateral for a business loan. I'm currently onboard with TVT and WBL. I want to add a couple others that can bridge some of the gaps between these companies. WBL's rates are too high right now and TVT has good rates but not the best approvals and they strongly prefer to use commercial properties.

I have a merchant who banks with Found (an internet bank). Are there any lenders who accept this type of bank?

I experienced one of the quickest deals of my life yesterday, from Sub-Fund was 1 hour & 54 minutes. So obviously very much prompted me to give props to Square one of my longest funding relationships, gotta spread the love and all that :rolleyes: The client is someone I've been working with for a while and have honestly some of the weirdest conversation ever... Dude was born muslim but loves Jews and discussing G-d Yesterday a situation came up with his sub contractors that required a quick 2nd position. Thankfully, Square didn't hesitate to provide an incredibly fair deal with lightning speeds. They are one of the few funders I've experienced that does understand the difference between a client and a Merchant I'm giving them a 10/10 rating currently! ;) ;) ;) :D :D :D

I'm trying to figure out the best approach to managing my finances and I've heard mixed advice on credit cards. Some people say having multiple cards helps with credit scores and offers more benefits, while others warn about the risks of debt and overspending. Currently, I only have one credit card but I’m considering getting another for the rewards and credit-building potential. How many credit cards do you guys have and how do you manage them effectively?

Had a newbie come into the office today, thought it would be fun to share the illustration lol

Who 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

Are there any lead sources that provide a signed app and most recent bank statements

Does 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!

Merchant deposits $4 million a month in sales, and keeps $400-600K running balance. They sell their own software that is a payment system (perhaps better stated as payment rails) to retailers, ecommerce stores, and more. Their bank statements show edeposits froma wide array of clients, like the above. Some health and wellness stores deposit to their account, education centers, digital stores, digital libraries, boutique online stores, and even processing companies are paying them what appears to be royalties or something similar on a consistent basis. Hundreds of deposits per month per statement. Needs a home for first position. Tried all name brand 1st position MCAs (i.e. Kapitus, Rapid, National) and they declined due to industry. Most are declining because they are confusing the merchant as a credit card processing company or credit card processing funder (i.e. Credit card split), and won't look any further. Here's an analogy to describe what they do. Microsoft, Inc designed a software called Microsoft Office, which has a suite of products like Word, Excel, etc. They sell it to Best Buy and Staples and Office Max. Each of those retailers pays Microsoft royalties every time the Office suite is sold off their shelves. That's what this company does. Problem is, funders are confusing the merchant for being Best Buy, not Microsoft. Any funder willing to play ball?

Client looking for 300k for 6 months to pay back 400k , there's property to secure the funding, financials are great, revenue yearly is 2 million. Client will not entertain any type of MCA. I appreciate any help i can get. Thank You

What is the goal you are trying to achieve with the refi? To payoff business debt Current mortgage balance: 0 Current available equity: 2.4M Current property value: 2.4M 690 credit score No other properties to refi Anyone interested? Lenders only - no other brokers please. DM.

Have a company who gets paid by Medicare &medicade so they cant do regular factoring. They have 8M in ar & would like to get a loc or something attached to it. He rents oxygen,beds,wheelchairs. 10k Patients. Does anybody have any suggestions for who to go to in this scenario? Email - submissionsjace@gmail.com

Hey guys, I'm always doing my due diligence whenever I hear about a new funder. Their website: https://looponefunding.com/about/ Anyone have experience with them?

The merchant has received an offer from his bank but still wants to explore if he can find something better. CS is 730-750 and the rev is $60,000. Looking amount - 80K-100K term 12-24 less than 10%, Is it possible?

Hey guys Do you guys know anybody other than Snap Advance - IMS to do CC splits? '

In credit card processing? Top level - two word - domain name for sale. Blue chip domains are all taken! We have one for sale! DM me here. Serious investors only.

I have a stable income and some savings but want to learn about budgeting, saving, investing, managing debt, building an emergency fund, planning for retirement and improving my credit score. What practical steps can I take now to secure my financial future?

Hello DF. I told all of you, showed proof, etc, that symplified is 24. The rep, ivan, even lied, saying its a different company. Some of you newbs even posted, ive funded deals with them, didn't get screwed. Until recently one guy mentioned being paid half commission due to them brokering it. I promise to you guys that have funded with them, and tried saying they're solid and ao forth, will also get screwed. Its the same damn company. https://debanked.com/2024/06/somethings-happened-how-a-funding-platform-weathered-a-shocking-crisis-and-is-flourishing/

Client looking for a unitranche or mezzanine loan for business acquisition. Business Overview: Location: Atlanta, GA Industry: Retail – Liquor Store EBITDA: $488,000 Inventory Value: $650,000 Loan Request: Amount: $1,000,000 Inventory Financing: 50% Loan-to-Value (LTV) on inventory Equity Contribution: $400,000 The requested mezzanine loan will be used to facilitate the acquisition of the liquor store, which has demonstrated strong financial performance and possesses a solid market position in the Atlanta area. The store's EBITDA of $488,000 reflects its profitability and operational efficiency. In addition to the mezzanine loan, client is committing $400,000 in cash as an equity contribution towards the acquisition. Given the substantial inventory value of $650,000, we are also seeking additional financing with a 50% LTV ratio on the inventory. This combined financing approach will provide the necessary liquidity to support the acquisition and ensure smooth operations post-acquisition. Any lender willing to look at this please email at mail@fastfinancing.org