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  • cruisinman's Avatar
    Today, 10:23 PM
    Online process? Buy Rate on the 17pts?
    1 replies | 56 view(s) |
  • Olderguy's Avatar
    Yesterday, 08:34 PM
    Does he have any property for hard money to take out the two positions...
    2 replies | 199 view(s) |
  • ClearFund's Avatar
    Yesterday, 08:29 PM
    Merchant is at around 25% leverage at the moment, doubt anyone would buy out both positions as there wouldn’t be much net to the merchant. Try either a 3rd position, a partial consolidation (just one of the two positions) or a reverse consolidation.
    2 replies | 199 view(s) |
  • ClearFund's Avatar
    Yesterday, 08:24 PM
    Try Simpli Funding, not sure if they do 3rds but they deff do CC Splits/lockboxes.
    2 replies | 125 view(s) |
  • Olderguy's Avatar
    Yesterday, 12:52 PM
    Depending on the size of the business....there is private money available...I can do up to a billion with 20% down.... ... as well as SBA which can be a low as 5% down and 5% working capital. Typical it's 10/10. You should try and use a non bank SBA lender as their guidelines are less rigid. For example in the restaurant industry (which has a high default rate) banks can require the buyer have 3 years experience in the industry in a management role whereas a non bank lender will only require 1 year. Seller max 1 year contributing expertise no longer than a year. When you look at the tax returns of the seller, you an remove depreciation and officer salaries to improve profitability if it's marginal on the return. Also For SBA 7A and 504, Fico required is 660 but if you have good cash flow, can get some through will less down to 620 but needs to be a strong file.
    2 replies | 69 view(s) |
  • Yankeeman07's Avatar
    Yesterday, 12:23 PM If you are buying an existing business, gather the following information: Current balance sheet and profit and loss statement Federal income tax returns for the previous three years Proposed bill of sale including the terms of sale Asking price with schedule of inventory, machinery and equipment, and furniture and fixtures Franchise, jobber, or licensing agreements Proof of equity injection You may be required to submit more SBA forms based on the specific use of proceeds or fees paid on a loans package or to a broker or agent.
    2 replies | 69 view(s) |
  • Olderguy's Avatar
    Yesterday, 10:00 AM
    What state is the property located (please not state of confusion)...LTV, CLTV, loan amount and use of funds... In CA can 2d lien loan for 8.99% 5 year I/O on NOO up to 60% LTV, higher than that LTV the rate goes up to 9.9% to 10.55. File has to be attractive to investor. Minimum loan amount $200,000. (that would a cardboard box in Ca though). BPO may work for LTV 60% or less. Higher would need an appraisal.
    1 replies | 80 view(s) |
  • Red's Avatar
    Yesterday, 09:24 AM
    Need a direct lender that can provide a 2nd position line of credit on investment income generating properties with existing 1st position mortgage. Rates must be under 10% Well qualified borrowers
    1 replies | 80 view(s)
  • Red's Avatar
    Yesterday, 09:20 AM
    Need a Direct Lender for Business Acquisition Deals Please reply or send a message if you work for, or know of a direct lender that specializes in Business Acquisitions. (Person looking to purchase an existing business) Thank you!
    2 replies | 69 view(s)
  • fin4all's Avatar
    10-15-2021, 09:44 PM
    she dont know what that means lol but probably 1.519
    2 replies | 444 view(s) |
  • TheUnderwritingProdigy's Avatar
    10-15-2021, 08:05 PM
    What's the sell rate at 15 points?
    2 replies | 444 view(s) |
  • mistamca's Avatar
    10-15-2021, 06:39 PM
    What did you build it on? Are you looking more for UW platform or servicing platform?
    13 replies | 1475 view(s) |
  • joshbr9's Avatar
    10-15-2021, 05:23 PM
    was it the same guy that KCF prosecuted a few years ago?
    8 replies | 628 view(s) |
  • JParr's Avatar
    10-15-2021, 04:13 PM
    There is a reason you are receiving those offers. I'm assuming these applicants are single unit long haul owner/operators with poor credit that are seeking financing for earlier model, higher mileage trucks. Our trucking programs include 0% down with up to 72 month terms assuming applicants have satisfactory credit.
    4 replies | 332 view(s) |
  • gnrcap's Avatar
    10-15-2021, 01:54 PM
    Hi, I have a merchant looking for a consolidation for his two positions. Total balances are $31,846.16 and breakdown as follows: Position 1: $22,984.76 / $249pd Position 2: $8,861.4 / $354pd Business is a restaurant and merchant averages about 50k per month and 2-4k in daily balances. Never goes negative. If anyone is a direct lender that can do a true consolidation please pm or email me Thanks.
    2 replies | 199 view(s)
  • Esteban2000's Avatar
    10-15-2021, 01:21 PM
    Welcome back Joe V. You've been through a lot to get here, congrats.
    3 replies | 441 view(s) |
  • Esteban2000's Avatar
    10-15-2021, 01:18 PM
    The conflict started with bad behavior on the part of a Renewal Sales guy
    8 replies | 628 view(s) |
  • FirstCapitalWealth's Avatar
    10-15-2021, 12:25 PM
    Please reach out to me if you have leads for sale. Term loans, LOC, MCA FirstCapitalWealthINC Channon Smith President 646-460-6850
    0 replies | 50 view(s)
  • Olderguy's Avatar
    10-15-2021, 12:16 PM
    Sorry I'm not dating right now...
    8 replies | 628 view(s) |
  • Prosperum Funding's Avatar
    10-15-2021, 12:13 PM
    PM me, can get this done
    7 replies | 935 view(s) |
  • FirstCapitalWealth's Avatar
    10-15-2021, 12:11 PM
    I have a direct source to an credit card split direct lender. All the best, Channon Smith FirstCapitalWealthinc President 646-460-6850
    7 replies | 935 view(s) |
  • FirstCapitalWealth's Avatar
    10-15-2021, 12:08 PM
    If the merchant is willing to switch processor than I can get him an offer. I just need the names and balances of each lender. No backdooring Channon Smith FirstCapitalwealthINC President 646-464-6850
    2 replies | 125 view(s) |
  • Bcooper's Avatar
    10-15-2021, 11:42 AM
    i love your free gmail mate
    8 replies | 628 view(s) |
  • joshbr9's Avatar
    10-15-2021, 11:26 AM
    youd prob have to check the miami dade court system
    8 replies | 628 view(s) |
  • KatieBell's Avatar
    10-15-2021, 11:12 AM
    To all the ISO's out there... 15 points commission!! Let's FUND your deals today. Product Overview: 1st-5th position (sweet spot 2nd-3rd) Funding Amounts: $5,000 - $1M Terms Offered: 3-8 Months Minimum Monthly Revenue: 30k Daily And Weekly Payments Soft Credit Pulls Only DocuSign Contracts Up to 15 Points Commission NO Judgements NO Defaults NO Lowered Payments For more information, Please email me at
    2 replies | 444 view(s)
  • Cashyew's Avatar
    10-15-2021, 11:02 AM
    It's Friday. We have a sale. Get 30% off on all MCA data. discount code: discount30
    0 replies | 84 view(s)
  • ryan $'s Avatar
    10-15-2021, 10:13 AM
    I want to License the system! Ive spent a crap ton of money, and all I have is a compartmentalized P.O.S.
    13 replies | 1475 view(s) |
  • Prosperum Funding's Avatar
    10-15-2021, 10:13 AM
    Our Sweet Spots: · 2nd - 7th positions for same day funding between 20k and 150k. (High deposit volume {100k+} · We'll beat or match any other funders' offer within minutes (upon request for urgent files) · We are particularly competitive in the following industries: retail, restaurants, food/beverage, medical/dental offices, consulting/advertising/real estate/construction/etc with solid contractual receivables and We can go to 12 month on high risk industries in 1st position. Some Brief Underwriting Guidelines: Program Length 140 days (Exceptions can be made) Positions 1st – 7th Min. Time in Business 3 months Required Bank Statements 3 Months from all accounts Minimum Credit Score None Min. Days of Deposits 3 Min. Monthly Bank Deposits $18,500 Funding Amount $10,000 - $500,000 (Over $150,000 Syndicated) Min. Avg Daily Balances variable Max Negative Days Per Month 4 Max Monthly NSFs 9 Judgments/Liens Yes – Payment Plans Only Credit Card Splits Yes Restricted Industries None Background No violent crimes or financial/fraud felonies Bankruptcies Discharged okay / No Dismissed bankruptcies within the last 2 years Credit Report No major delinquencies Benefits of Working with Prosperum Capital: · We are direct Funders and we are licensed in California, not super brokers! · Same day add-ons! · We do not reduce your commission on renewals! · VERY competitive terms! · Same day funding- Overnight-ed Coj not required on all deals · Weekly, daily, and 2x per week payment options on any position. · Syndicate on any deal we fund for you! · We're happy to white label for you. Must submit 50 deals a month · Quick turn-around time! · Commission is 8- 10 points and sometimes more on a-f files (super High Risk)!
    0 replies | 146 view(s)
  • MCN's Avatar
    10-15-2021, 10:12 AM
    Awesome! Already funded one with you guys yesteday. Kings of microfunding!
    13 replies | 1475 view(s) |
  • davis3003's Avatar
    10-15-2021, 10:09 AM
    Have a merchant that has 2 positions pulling as an ach but no one is pulling from his credit card processing. Anyone can get this done?
    2 replies | 125 view(s)
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