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  • Shorebird's Avatar
    Today, 07:21 PM
    Securities fraud with 1200 victims/witnesses should be a slam dunk. We shall see. I wonder if anyone involved has or is running to cut a deal with the feds now.
    98 replies | 11655 view(s) |
  • Yankeeman07's Avatar
    Today, 07:12 PM
    Closed Loop Peer-to-Peer is a real-time (Instant) payment solution.
    1 replies | 54 view(s) |
  • SmartestGuyInTheRoom's Avatar
    Today, 05:28 PM
    How nice of you to rejoin us. No comments on the point I just made? Only addressing the comparison between 1st Global? I think the SEC mentioned that you guys defaulted on those promissory notes to investors too. But keep pulling the wool over everyone’s eyes. I don’t think you guys have a defense since you blatantly lied to investors to induce them to invest. That falls squarely within the parameters of securities fraud.
    98 replies | 11655 view(s) |
  • UpwiseCapital's Avatar
    Today, 04:33 PM
    We are the best Cannabis financing lender in the space offering Cannabis working capital and collateralized deals in-house with other products like equipment financing, sale-leasebacks, construction financing, greenhouse financing, and cannabis real estate financing options! Ask for Joe https://upwisecapital.com/cannabis-financing/ Email: Funding@upwisecapital.com Call Us: (646) 837-5522
    6 replies | 475 view(s) |
  • UpwiseCapital's Avatar
    Today, 04:19 PM
    UpwiseCapital replied to a thread Po funding in Deal Bin
    Call Us: (646) 837-5522 We do PO financing and AR factoring
    4 replies | 510 view(s) |
  • UpwiseCapital's Avatar
    Today, 04:18 PM
    UpwiseCapital replied to a thread 700k needed in Deal Bin
    We can get that deal done quickly for you..... Call us today and Ask for Joe Call Us: (646) 837-5522
    4 replies | 326 view(s) |
  • UpwiseCapital's Avatar
    Today, 04:17 PM
    Call Us: (646) 837-5522
    19 replies | 308 view(s) |
  • UpwiseCapital's Avatar
    Today, 04:17 PM
    Call Us: (646) 837-5522
    3 replies | 89 view(s) |
  • UpwiseCapital's Avatar
    Today, 04:16 PM
    https://upwisecapital.com/partners/ Call Us: (646) 837-5522
    9 replies | 635 view(s) |
  • UpwiseCapital's Avatar
    Today, 04:08 PM
    Email us @ Funding@upwisecapital.com as we specialize in Cannabis financing. https://upwisecapital.com/cannabis-financing/
    6 replies | 354 view(s) |
  • UpwiseCapital's Avatar
    Today, 04:07 PM
    https://upwisecapital.com/partners/
    2 replies | 224 view(s) |
  • UpwiseCapital's Avatar
    Today, 04:05 PM
    Call Upwise Capital for all Cannabis financing needs! https://upwisecapital.com/cannabis-financing/
    6 replies | 400 view(s) |
  • UpwiseCapital's Avatar
    Today, 04:04 PM
    Call Upwise Capital for all Cannabis financing needs! https://upwisecapital.com/cannabis-financing/
    6 replies | 400 view(s) |
  • SmartAdvanced's Avatar
    Today, 04:00 PM
    Why y’all keeping illegal weapons in y’all houses, the day the FBI busts in? When the witch is on her hunt, you probably don’t wanna feed her living meat, right?
    98 replies | 11655 view(s) |
  • PAR's Avatar
    Today, 02:11 PM
    We have not chimes in because we spend our time working on things and not lurking. For the comments comparing us to 1st Global, just stop. Please do not compare us to 1st Global because the situation is NOT similar. We’ve been paying our investors and we’ve remained legitimate throughout. There’s millions of dollars in ACH’s daily, millions in RTR. For people asking where all these funds are...... it should be self-exploratory. This is strictly a witch hunt.
    98 replies | 11655 view(s) |
  • abfunders's Avatar
    Today, 01:09 PM
    I have one client who I can't find a LOC for because of what he wants, which is COMPLETE control of the money, so he really doesn't care about rates ("I am not rate sensitive"), he just wants the flexibility and LOTS of money for all of the deals he's got in front of him all the time. His volume well makes up for it, he's doing millions of dollars and over 75 F&F's over the last 3 years. I have offered him (I think) between 6.99-8.99% rates I/O monthly on a true real estate Fix & FLip LOC using what's called a "draw schedule" for the construction, but it wasn't flexible enough for him. For this client, it probably would be good. And if his credit is 700+, there are completely unsecured LOC options available as well, but more like $75k to start, not $200k. The problem with 45k @ 5% is that it's not enough to do much, and the ROI on small projects just isn't worth the effort. For example, if all the projects are $100k or more, or the ROI is less than $X per project over Y months, it will definitely be worth taking more money at a higher rate to make more money for slightly more work (so that at the end of the day, their wallet is fatter). For example, I have a client now that for every $100,000 @ 3.5% / month purchase order financing will NET around $25,000-30,000 within a month, so there's no reason for them to be rate sensitive.
    4 replies | 100 view(s) |
  • hardrock's Avatar
    Today, 10:28 AM
    Actually it makes perfect sense if he can get a longer term. But why take the money at any rate if the amount offered to you is too low for you to do anything with?
    4 replies | 100 view(s) |
  • Ben Shabat's Avatar
    Today, 09:19 AM
    The minimum TIB for the funding partners in Become's online lending marketplace is 6 months! Plus, they're now focusing extra effort on providing financial solutions for e-commerce/online businesses: www.become.co/ecommerce-loans/
    9 replies | 635 view(s) |
  • Ben Shabat's Avatar
    Today, 09:16 AM
    The funding partners in Become's online lending marketplace are now focusing extra effort on providing financial solutions for e-commerce/online businesses: www.become.co/ecommerce-loans/
    7 replies | 760 view(s) |
  • StipMeBabyOneMoreTime's Avatar
    Today, 08:13 AM
    :rolleyes:
    1 replies | 246 view(s) |
  • Yankeeman07's Avatar
    Today, 06:25 AM
    "He doesn't care about HIGH INTEREST RATES" just needs low monthly payments? That does not make sense - you cannot have both. BTW - IF you actual have a funder offering 5% money, have your client take it and say "Thank you"
    4 replies | 100 view(s) |
  • Verlyn's Avatar
    Yesterday, 07:46 PM
    Hi contact me and we can talk more about your funds. I believe I can help you.
    4 replies | 100 view(s) |
  • SmartestGuyInTheRoom's Avatar
    Yesterday, 06:59 PM
    I think you're missing the crux of the SEC's case. The fundamental point they are making is that pursuant to Section 17(a) of the Securities Act of 1933, it is unlawful to obtain money by means of any untrue statement. Par allegedly told investors that their default rate was 1% and they used it in marketing materials, in person presentations and via email according to the complaint. They also had $300M in litigation. For this to be true, mathematically, they would've needed to fund $30 billion. Given the $600M they consistently claimed they funded, 1% is only $6M in defaults. Lets say their factor rate is 1.5, 1% of $900M is only $9M in defaults. The SEC's case seems pretty rock solid.
    98 replies | 11655 view(s) |
  • ryan $'s Avatar
    Yesterday, 03:44 PM
    What was that now????? https://debanked.com/2020/08/the-sec-already-suffered-a-major-defeat-in-the-par-funding-battle-but-who-is-the-real-loser/
    98 replies | 11655 view(s) |
  • PAR's Avatar
    Yesterday, 02:48 PM
    https://debanked.com/2020/08/the-sec-already-suffered-a-major-defeat-in-the-par-funding-battle-but-who-is-the-real-loser/
    1 replies | 246 view(s)
  • michaelh's Avatar
    Yesterday, 11:54 AM
    Kabbage - can not generate new Business. It had brokers generating it's customers and when brokers started making toomuch money they terminated the Brokers.
    4 replies | 491 view(s) |
  • golf2014's Avatar
    Yesterday, 11:13 AM
    Indictments to follow
    98 replies | 11655 view(s) |
  • hardrock's Avatar
    Yesterday, 09:57 AM
    I have a real estate investor with a 700 credit score. He currently has 5 rental properties. He is looking for a loan or line of credit for up to $200k because he wants to do more flips and rentals. He doesn’t care about a high interest rate. He just needs a low monthly payment He has been pre-approved for $45K at 4-5% but he needs more. Any lenders interested?
    4 replies | 100 view(s)
  • Shorebird's Avatar
    08-07-2020, 07:52 PM
    It is a massive securities fraud case. I am curious what is going to happen after the SEC/FBI goes through the books.
    98 replies | 11655 view(s) |
  • Franklin's Avatar
    08-07-2020, 06:45 PM
    Unfortunately, there are additional "alleged" accusations to that effect.
    98 replies | 11655 view(s) |
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