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  • Michael I's Avatar
    Today, 01:20 PM
    yup but what does one have to do with another? they give stupid approvals some times so you deal with the fact that they backdoor also
    21 replies | 2152 view(s) | |
  • MCA-VET's Avatar
    Today, 01:12 PM
    I probably deal with the most sophisticated largest brokerage houses across America. I can tell you as a matter of fact --- they are ALL working with EBF. there is a reason they receive more subs than any other funder in the country. (in my opnion).
    21 replies | 2152 view(s) | |
  • OnestoCapitalGroup's Avatar
    Today, 01:11 PM
    We are a brokerage seeking a lender that funds high risk files. Recently we have received a handful of merchants with sub 500 credit. Trying to find someone who works with these types of files. Thank you!
    0 replies | 20 view(s)
  • FundingCaptain's Avatar
    Today, 12:44 PM
    I do and we would need exactly what you are waiting on. feel free to call or email me to discuss
    1 replies | 16 view(s) | |
  • dannydayfly's Avatar
    Today, 12:27 PM
    500k monthly deposits. 740+ credit. Waiting on tax returns to see profit after COGS. Just looking for a list of lenders that are doing used auto right now.
    1 replies | 16 view(s)
  • Incbiz440's Avatar
    Today, 11:43 AM
    Incbiz440 replied to a thread Loc cs 780 in Deal Bin
    Is that not bankable somewhere?
    5 replies | 282 view(s) | |
  • Incbiz440's Avatar
    Today, 11:33 AM
    There's a lot of confusion between SBA SOP and whatever banks layer on top as part of their own credit policy. I've gotten declines from underwriters in the past who blame x as being in violation of SBA guidelines when in fact it's not SBA SOP at all, it was the banks additional, internal credit policy for SBA deals that was the sticking point. But upside there - and to your point - it opens the door to shopping it to other banks or non-bank SBA lenders that don't have that policy or may be more flexible on that particular sticking point.
    26 replies | 873 view(s) | |
  • Olderguy's Avatar
    Today, 10:49 AM
    Complete this form (can be email) and send to me... https://drive.google.com/file/d/1OD8ISizJpEAd-z4MmOmYuGI6fk-s0uVC/view?usp=sharing
    1 replies | 34 view(s) | |
  • DailyCloser's Avatar
    Today, 10:38 AM
    this thread should never go away until we have answers.
    46 replies | 7944 view(s) | |
  • zalman's Avatar
    Today, 10:14 AM
    Yup that's the one. It just wasn't clear to me when this all started.
    46 replies | 7944 view(s) | |
  • babybroker's Avatar
    Today, 10:11 AM
    Funded the same deal twice. First time PIF then funded again once it was PIF Then Everest funded again the 3rd time saying that they were renewal specialists.
    21 replies | 2152 view(s) | |
  • SendDocsPlox's Avatar
    Today, 09:59 AM
    You're referring to a bad CrowdStrike update thats causing major issues today, any outage from yesterday would be unrelated
    46 replies | 7944 view(s) | |
  • zalman's Avatar
    Today, 09:48 AM
    Could this have something to do with the Azure outage? This is affecting a large percent of the internet including major airlines etc. https://www.datacenterdynamics.com/en/news/microsoft-azure-outage-grounds-flights-delays-trains-impacts-banks-around-the-world/
    46 replies | 7944 view(s) | |
  • alexsmith's Avatar
    Today, 02:55 AM
    Tough situation! I'd recommend checking out smaller local banks or credit unions—they tend to be more flexible with business accounts.
    19 replies | 17575 view(s) | |
  • Olderguy's Avatar
    Yesterday, 08:24 PM
    New program I just got in.... HARD MONEY ALTERNATIVE – NO MINIMUM CREDIT SCORE · Investment Purchase & Refinances · NO MINIMUM CREDIT SCORE ALLOWED – Up to 50% LTV / 90% CLTV · 30 Year Fixed & 5 -10 Year Interest Only Programs Available · 50% LTV CASH-OUT · VACANT Properties OK · Interest Rates Starting at 8.74% · SFR / 2F-4F / Multi Fam / Mixed Use / Office / Retail / Warehouse / Self Storage / Automotive / Day Care / AIR BnB / Restaurants** / Churches** · Churches- NO Stand Alone but yes if retail center – NO Lending to Non- Profit · $75,000 - $5,000,000 · BK / DEFAULT – OK – Must be out min 1 Day · Mortgage Lates – OK – Must be Current at Closing · NO Payment Reserves Required · NO Income Documentation Required · NO DSCR Requirements · Minimum 1 Year Prepayment Penalty · Nationwide – NO RURAL PROPERTIES
    1 replies | 34 view(s)
  • NotALoan's Avatar
    Yesterday, 05:23 PM
    Barring your near-illegible post, your response doesn't negate anything I said in my post. I wasn't speaking about all these new "funders" (many of which are brokers posing as funders to the merchant), I was speaking about the established, quality funders you actually WANT your merchant to work with.
    10 replies | 782 view(s) | |
  • ADVENTUREFG's Avatar
    Yesterday, 04:55 PM
    1 Year + TIB Guidelines Specialization We specialize in micro funding’s ranging from $5,000.00 to $30,000.00, with a particular affinity for retail, restaurants, medical, and salons. Maximum Funding -$30,000.00, Exceptions may be considered and does not apply to renewals Minimum Revenue -Monthly gross revenue should be at least $8,000.00, with a minimum of one deposit per week. Industry Restrictions -Exclusions apply to law firms, as well as certain segments within micro construction, real estate, and insurance sectors. Buy Factor- Ranging from 1.3499 to 1.379, with a maximum upsell option at 1.499. MINIMUM COMMISSION 12% Maximum Term- Length 140 Days (Weekly Options Available). Defaults- Satisfied only for revenues exceeding $100,000 with established positions. Overdraft Fees- Occur 2-4 times per month. Transportation- Funding’s up to $15,000 70 Business Days - 6-11 Months TIB Guidelines Funding Amount: $3,000.00- $10,000.00 Term: Up To 70 Business Days Monthly: Revenue: $12,000.00 Monthly with a minimum of 1 deposit per week Industry Restrictions: Construction/ Trucking/ Law Firms/ Insurance/ Bonds Etc Industry’s We Accept: Retail/Salons/Medical/ E-Commerce (Processor Based Industries) Defaults: NONE AT ALL Overdraft Fee’s: Per file Basis Buy Rate: 1.399 Max Upsell 1.499
    0 replies | 42 view(s)
  • Olderguy's Avatar
    Yesterday, 03:44 PM
    You could be right as I get all these declined bank files that fail due to that.
    26 replies | 873 view(s) | |
  • Incbiz440's Avatar
    Yesterday, 03:28 PM
    Generally it's not optional if there is sufficient equity in a guarantor's residence (as an example) - it's an SBA requirement, bank or non-bank lender. Whether your clients haven't had sufficient equity in their residences to be required to pledge it, whether the bank requires additional collateral to approve, whether your clients have excess collateral coverage already, or whether you're working on deals under the threshold of that requirement (sub $350k, if I recall correctly) - those are all possibilities as to why you haven't seen that. Banks are welcome to layer on their own requirements on top, but to say as a blanket that only non-bank SBA lenders take personal property as collateral is flatly incorrect, with all respect. Its fairly common.
    26 replies | 873 view(s) | |
  • Olderguy's Avatar
    Yesterday, 03:13 PM
    There's some truth to that but in general banks look at O/O commercial property....and I have received a lot of bank denials that I had done through non bank lenders....confirming it's easier to go through those.
    26 replies | 873 view(s) | |
  • Incbiz440's Avatar
    Yesterday, 03:09 PM
    I'm saying at banks - I'm not sure why you're carving out only non-bank SBA lenders as taking personal property (primarily personal residences). I've personally done that, with SBA loans, that I originated while an employee of a bank.
    26 replies | 873 view(s) | |
  • Olderguy's Avatar
    Yesterday, 03:04 PM
    Right - non bank lenders can do that and I have done it a lot. I thought that was my point here.
    26 replies | 873 view(s) | |
  • Incbiz440's Avatar
    Yesterday, 02:24 PM
    Since when did banks doing SBA loans not use personal collateral? How many people have liens on their residence from a bank SBA deal? Source: Me, who did SBA loans at a bank Edit: Not trying to sound combative, and also yes, if you mean are they taking the title to your personally owned 2004 Chevy Tahoe, no. But only secured by commercial property, no.
    26 replies | 873 view(s) | |
  • sam grossman's Avatar
    Yesterday, 02:05 PM
    i might be able to help out Sam Grossman ISO Relations C . 347-745-0783 O . 860-419-7905 Sam@raptoradvance.com www.raptoradvance.com
    10 replies | 782 view(s) | |
  • FCG's Avatar
    Yesterday, 12:42 PM
    if he did it once, he'll do it again
    10 replies | 782 view(s) | |
  • fundinggrasshopper's Avatar
    Yesterday, 12:16 PM
    Agreed 8+ months unlikely but 50k 5-6 months could easily be secured, IMO you're better off disclosing the situation in full rather than getting a good offer and having them find out in final.
    10 replies | 782 view(s) | |
  • fundinggrasshopper's Avatar
    Yesterday, 12:09 PM
    Looking for Experienced Representatives to join small team at well regarded, high volume NYC-based broker. This opportunity is for someone with experience opening & closing their own deals who is looking to work on a small team of professionals with great resources. We are open to considering the right individual with limited experience. We fund inhouse in addition to our network of funders and have a true network for a variety of bank products. We are always growing our program offerings & use some little known and growing platforms. We invest consistently in different types of fresh high quality leads. With the recent industry trend of the "carrot" deal, I am proud to say that we do not engage in any kind of manipulative or fraudulent business practices EVER - these kinds of sales tactics will not be tolerated. This is an in person 5x a week opportunity with industry competitive pay. Email admin@hudson-avenue.com to inquire. resume review - phone call - in-person interview
    0 replies | 81 view(s)
  • Robinhood21's Avatar
    Yesterday, 11:45 AM
    You're very naďve a lot new funders in this game and dont care anymore they just fund
    10 replies | 782 view(s) | |
  • NotALoan's Avatar
    Yesterday, 11:29 AM
    "Merchant lowered payment over 6 months ago and the lender never asked them to go back on orig. payments. Payments were lowered due to a temporary hardship within the business." It's the merchant's responsibility to reach out to the funder to go back on normal payments, the same way he reached out to them to ask them to lower payments. Other funders are going to see that he is no longer in a "hardship" but has conveniently forgotten to let the lender know they can afford the original payments again. Why would a funder fund someone who is still on lower payments and not fulfilling their original contractual obligation just because they don't feel like it?
    10 replies | 782 view(s) | |
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