Activity Stream
All times are GMT -4. The time now is 06:08 PM.
-
Older Activity
-
Today, 05:59 PMWhat's the lowest revenue you'd look at?
-
Today, 04:18 PMEmail me, I'll introduce you to a lender.
-
Today, 04:15 PMEquipment financing was my first option. 5 mins into the call they say oh you have a senior lien ? yea we cant come behind that. Credit Union supposedly cant carve out AR and looks to be a blanket. Trying to find some factoring company thats comfortable with using AR and coming behind the cu Thanks guys! Appreciate the creative thinking
-
Today, 04:14 PMAre there any licensed California mortgage brokers in this forum?
-
Today, 04:00 PMThe other problem is the OP pointed out that he has really bad credit, so equipment financing is going to be difficult, even if the credit union doesn't have a blanket on that, too, which is doubtful. Hate to be pessimistic, but we have to know our limitations.
-
Today, 03:57 PMgot it..is it an all asset lien? the credit union maybe willing to do a carve out on the AR so you can get it done. Equipment financing deal could also possibly work if he owns his equipment free and clear
-
Today, 03:46 PMMove on....doesn't want to use property....guy is in over his head.
-
Today, 02:55 PMHow much equity is available in the RE? I'm not sure that there's very much, and the credit union has $14mm, which definitely includes the AR. Squeezing out $1mm out of the real estate with WBL might be a way out, IF there's enough equity. There is one lender I know of who can factor in a 2nd position, but they'd have to take out all of the MCAs, the question would then be.... how much is left for working capital or are they just digging themselves into a deeper hole? These deals often are too complicated before they're in too much MCA debt before people with level heads prevail.
-
Today, 02:46 PMThis is what I'm trying to accomplish. The reason the ucc would need to be subordinate is because he has a $14mm loan with some credit union and they have a senior lien
-
Today, 02:11 PMOlderguy replied to a thread How do you manage PSFs when one funder pays points and another doesn't? in Business LoansYou can also say "Some lender's programs allows it to be taken out of the loan and some lender's programs require use to do a separate PFS after the loan closes - out of proceeds". Bottom line it costs you the same either way.
-
Today, 02:04 PMThank you so much!
-
Today, 01:26 PMYeah this guy took his ball and ran home when asked to say his "company" name.
-
Today, 01:24 PM7-8mm in medical debt is claims. They probably correct 30% of that amount at most. WBL would be a good option for the RE, don't you think?
-
Today, 01:12 PMThe factor would pay off his mca's if he has 7-8mil on the AR you would not need to subordinate anything. something is not adding up here
-
Today, 12:33 PMSam Grossman ISO Relations C . 347-745-0783 O . 860-419-7905 Sam@raptoradvance.com www.raptoradvance.com
-
Today, 11:35 AMHe is signed up with me and funded one deal with me that was legit and paid back with no issues.
-
Today, 11:27 AMDouble posted by acccident.
-
Today, 11:21 AMEveryone look out the broker Alvi Limani and Daniel Licea is going around to different shops back dooring deals, stealing data & merchant details to do fraud activity!!!! If he signs up with an iso he would sign with his family information so watch out for that last name or the business name Creditzen OR AIRSTREAM...THEY ARE THE BIGGEST SCAMMERS IN THE BUSINESS STAY AWAY
-
Today, 11:15 AMAlvi Limani, could also use his mothers name for iso agreements Vilma Limani and his parthner Daniel Licea ARE SCAMMERS.They own CREDITZEN and are stealing peoples money offering credit services and never completing the job.AS WELL as getting clients into MCAs then having them sign debt consolidation agreements screwing over the lenders and client there working with.STAYYYY AWAYYYY from these 2 scammers
-
Today, 10:38 AMWe can take a look at it. Send submissions to Tai@ontapcap.com (929) 577-9240
-
Today, 10:32 AMhi my name is sam i work over at raptor advance im an iso rep and i think we could help you out-Sam Grossman ISO Relations C . 347-745-0783 O . 860-419-7905 Sam@raptoradvance.com www.raptoradvance.com
-
Today, 10:27 AMhi im an iso rep i work over at raptor advance and i would love to speak to you about doing buisness together - Sam Grossman ISO Relations C . 347-745-0783 O . 860-419-7905 Sam@raptoradvance.com www.raptoradvance.com
-
Today, 10:05 AMDepending on why the deal is a high risk file i might be able to get it done. We also do mid risk and low risk as well. Our 1st position renewals work a little like a line of credit as well. Scott Platto sscott@tmrnow.com tmrnow.com 212-220-9872
-
Today, 09:58 AMYour grammar is what was confusing. I don't know what's up with the vibe today bro, but u gotta chillaxative a lil.
-
Today, 09:25 AMYou do know a market crash wouldn't end MCAs right? Pretty sure people still did MCAs after 2008...
-
Today, 07:26 AMLooking for loc product for a home based sole prop in ticket broker business. His credit score is 780 and does $500k a month with good balances
-
Today, 03:45 AMBig news for trucking! Triumph Financial and C.H. Robinson teaming up sounds awesome. Can't wait to see how this helps with payments in the industry!
-
Yesterday, 04:52 PMAll UW has become stricter - as to your statement that there are so many lenders - not so much. Maybe more white label, but, not more funders
-
Yesterday, 03:33 PMAwe, someone is afraid to show their trash website and lack of social proof. Get back on your dialer and sub those D paper files son.
-
Yesterday, 03:24 PMNot really lenders - they act as brokers dealing with different banks... Personal Unsecured Funding: Term loans, LOC, Credit cards. Business Cards and LOC Up to $300,000+ combined, per individual These are guidelines only, but tend to get the better results.: • Credit Score of 700 or higher - For CC funding Credit scores above 720 • At least 3 active accounts over 3 years of age not counting student loans • Verifiable income (W2, Self Employed, 1099, Taxes) Please verify Income • Individual Credit history for at least 3 years showing good revolving and/or • installment loans. • No Bankruptcy within the last 3 years, (must have established credit post-bankruptcy) • No collections/ late payments • Utilization of revolving accounts is less than 35%, DTI less than 35%. • Inquiries: Less than 3 last 6 months, less than 10 last 12 months less than 15 2 years How to convert Cards to Cash Take advantage of Cards offering 0% interest. and pay off before the introductory offer. Some cards offer the option of transferring cash to bank account for a small fee https://www.fundinghelp.com/how-to-turn-credit-cards-into-cash/ Business Card Funding: Credit Fico Score of at least 720 Decent blend of Bankcards (Not Retail stores) with good limits Business EIN at least 6 months in age Jean L. Vann Executive Manager The Funding Group 904-559-1791 jvann@fundinghelp.com Website:www.fundinghelp.com I am not crazy about their fees...they take 8% and you get everything over that. Better than PFG though...