Activity Stream

What type of revenue do these clients have?

Hello, we work with marijuana business deals, please feel free to reach out, we'd love to see if we could help. hey, my name Nati, we can get him a 500k line of credit easily, feel free to reach out. Midwestern Financial Solutions Natalia Durham - BDO (305) 239-7681 email-*nati@midwesternfinancialsolutions.com MidwesternFinancialSolutions.com Where your box ends ours begins. https://www.linkedin.com/company/mid.../?feedView=all

So what was the balance on the second funding?

Hello, we offer a LOC for construction up to 5m, feel free to reach out, we'd love to see if we could help! Midwestern Financial Solutions Natalia Durham - BDO (305) 239-7681 email-*nati@midwesternfinancialsolutions.com MidwesternFinancialSolutions.com Where your box ends ours begins. https://www.linkedin.com/company/mid.../?feedView=all

Hello, we can help you, we offer a LOC service for construction. Feel free to reach out, we'd love to help. Midwestern Financial Solutions Natalia Durham - BDO (305) 239-7681 email-*nati@midwesternfinancialsolutions.com MidwesternFinancialSolutions.com Where your box ends ours begins. https://www.linkedin.com/company/mid.../?feedView=all

Didn't want to bump the 'ol "we were hacked" thread did you.

That a lot of investigating going on over there. What happend with the incident that happened June 3rd as well as the lawsuit (https://fintalknow.com/centrex_lawsuit) claiming a data leak on your end?

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

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).

I do and we would need exactly what you are waiting on. feel free to call or email me to discuss

Is that not bankable somewhere?

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.

Complete this form (can be email) and send to me... https://drive.google.com/file/d/1OD8ISizJpEAd-z4MmOmYuGI6fk-s0uVC/view?usp=sharing

this thread should never go away until we have answers.

Yup that's the one. It just wasn't clear to me when this all started.

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.

You're referring to a bad CrowdStrike update thats causing major issues today, any outage from yesterday would be unrelated

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/

Tough situation! I'd recommend checking out smaller local banks or credit unions—they tend to be more flexible with business accounts.

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.

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

You could be right as I get all these declined bank files that fail due to that.