Activity Stream
All times are GMT -4. The time now is 04:03 PM.
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Older Activity
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Today, 04:01 PMHey 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?
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Today, 03:46 PMI know nexi will do it after they see no disbursement for a week (funded a 300 and change deal with them like this), but they provided new money (it was a low amount. Not 85k). If he wants 85k, imo, go to silverline and nexi from my exp doing this, get it approved, ask the max $ amount you can stack since he needs $ and if they'll still reverse pending bank balances. If all else fails theres a ton of funders that'll stack a side account. 85k would be a lot but its a 5th so im sure you'll get close to it.
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Today, 03:44 PMhttps://www.teslarati.com/hackers-demand-massive-ransom-as-cyberattack-plagues-auto-dealerships/ One of the main backbones of anything that has anything to do with cars has a $50mm ransom they might need to pay. They got hit with a massive ransomware attack. You might want to be careful funding any of them, or from the other angle, you might want to give them a week before you start payments, since they might NEED the extra cash now!
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Today, 03:23 PMWe can take a look, email me. Diana diana@ontapcap.com 929-566-7317
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Today, 03:23 PMNo, he just wants more capital now and wasn't aware it busts the reverse. I told him I'd help get him into the same, potentially a little better of a reverse than what he currently has after we fund. He's not super deep into term on his current one, so he's not left with a huge chunk from them. I sell deals straight up, no LOC garbage. This is an 85k deal as a 5th position, he doesn't listen to BS
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Today, 03:19 PMI have a merchant who banks with Found (an internet bank). Are there any lenders who accept this type of bank?
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Today, 03:14 PMsounds like a bunch of turds that need some jail time then.
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Today, 03:08 PMThey are definitely Hybrid, and you see them in the most of the bait & switch 30-day deals
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Today, 02:57 PMThat seems to be the only way to close this.
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Today, 02:56 PMHes pitching something on the back end. A crazy refi. Loc. Term loan. How else would it make sense even if its a 10% increase in reduction for the merchant to take a new reverse, and, have the current reverse continue to debit them?
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Today, 02:42 PMIf you looking to sign up with them I would avoid it. Are you searching for new funders? I would like to know if that's the case here. Depending on the deal size & position I can point you in the right direction.
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Today, 02:36 PMLoyola Media has been providing MCA leads since 2016. Our clients are looking to MAXX out their efforts prior to the July 4 holiday . We provide the following 24hr-7 day MCA 24 hr-30 day MCA 60-90 day MCA cell or email High Revenue 50,100 and 200k plus CJ Flaherty www,loyolamediagroup.com https://www.linkedin.com/in/cjflaherty/ 781-690-5077
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Today, 02:30 PMSame people as Hybrid Advance... I wouldnt trust them based off my experience.
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Today, 02:27 PMIs the original funder not willing to continue? Or are you trying to get the commissions on the deal from the other ISO by getting a better deal? (Legit business model, but it does help to understand the background.)
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Today, 02:10 PMNeed 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.
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Today, 02:08 PMI'm always open to hear about a funder and how they operate. Doesn't mean I'm going to sign up with them and most of the time I don't. Something about them just interested me a little so figured I'd ask around.
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Today, 01:48 PMI know the domain and the individual that owns the post. He did not include the domain name in the post for his own reason(s)
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Today, 01:41 PMDave? What's the domain?
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Today, 01:39 PMIn 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.
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Today, 01:35 PMWith so many reputable and well known funders available, why?
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Today, 01:31 PMAaron, they're business consultants on preventing company waste/loss/theft? Is that accurate?
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Today, 01:21 PMYes, but at like 1.21-1.23 range for 12mo
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Today, 01:15 PMI just called them at 818-849-5514. Got a voicemail, sounded a like a robot that did not identify the company. Very generic greeting. Strike 1
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Today, 01:12 PMGet this done poster
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Today, 01:03 PMHey 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?
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Today, 12:44 PMGREAT people. Abe is a class A guy.
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Today, 12:05 PMPearl, Greenbox
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Today, 12:00 PMgoatFunding replied to a thread Looking for lender to do 1.5m at a 1.18 sell in Merchant Cash Advanceup to 6 IME
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Today, 11:54 AMArent their term loans paying 2-4 pts
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Today, 11:41 AMWe offer MCA Funding for PR based Merchants