Activity Stream

I am currently speaking to a source who says he can do 100 live transfers for $1500. He sent me a recording of a call and he basically prequalifies the merchant and transfers them to me with a completed app. Seems kinda fishy. Has anyone had any luck with these kind of sources? We're trying to move away from doing 400 calls a day on a power dialer.

The competition level of a file (or your leads), and your level of effectiveness at competing is very important. You have a very short period of time to convey Words, Actions and Processes to convince your merchant to buy your credibility right there on the spot, or to make him think about it and come back later. If you haven't sold him or her, this is the point when the ghosting starts to take shape. REASONS -You never created a sense of urgency with the merchant to take action now. -You don’t follow up when you say you would, (or at all) so merchant doesn’t take you seriously when you actually do reach out. There’s someone else who was more serious. -You never established the burning reason or motivation why the merchant should take the money quickly, ie. NOW? (It's either to remove pain that will get worse if you procrastinate, or take advantage of a good opportunity that you might lose) -The merchant doesn’t believe you are a credible solution to his problem or desire. Either you don’t have the right lenders or right alternatives, or you give the appearance of a one-trick shop. -The merchant took money already. -You don’t have a one call close mindset…If merchants typically close with you in 1-2 weeks after you connect with them, there's likely things you could be saying or doing to have them close on the first call, or at least in the next 24-72 hours. -The merchant went through the whole process before and had the deal killed at the gate or in final underwriting, and as they start the process with you, it feels like they’re just going through the same motions as before. -The merchant just didn’t feel like speaking to you anymore and they weren’t compelled to provide a reason. -Spoke to 5 guys today like you and you all sound the same. He went with the one guy who made him laugh, or who knew his industry, or got him to take immediate action -Wasn’t comfortable giving subsequent financial info to someone he met over the phone (40% of financial deals done in person or off referral, 80% of people will never do business off a cold call). -Wasn’t comfortable with you – gender, color, part of the country you’re from, talk too slow/too fast -Cold feet when he thought about the reality of paying back all that money -You were too high pressure on the phone. You want to be calm and relaxed, will moving with expedience. -You don’t follow instructions. He said call him Wednesday at 1 PM. You called at 10 am, then again on Thursday. -Wife told him it wasn’t safe sending financial info to a stranger -Found another solution and didn’t bother to let you know (you weren’t important enough). -The merchant has issues that were a problem for them in the past and feel that they would block them getting money now. You never discuss it and they lose faith, and don’t tell you. -Merchant had a minor need or desire, but not a serious one, so they were never fully committed. -Merchant spoke to another sales guy over the phone, and the experience was so negative, they were turned off by future calls. The majority of these issues can be solved with just asking the right questions, being on top of your merchant, and matching the merchants’ proclivities and behaviors. www.UccRadar.com – Large sales volume merchants filling out your application.

Who is the best/easiest SBA lender to work with? Props if you can make an intro

We are a broker shop in NY, Lendora reached to us as a direct lender, and we've signed an Iso agreement with them and started sending deals to them, in one of the deals they gave us an offer of 20K and our upsell is 11 points and 30 mins later they sent a revised offer of 80K and they said its from their syndicate. When we funded the deal they sent us the commission confirmation email of 6 points upsell and they said because its through the syndicate so the upsell splits and we told them you had n't mentioned anything about the syndicate splits till the deal is funded, then we've been waiting them to send the commission since May 29th and today is June 10th and we haven't received our commission and since june 3rd they stopped responding to our emails, and we don't know what should we do o get our commission from them ? pls advise ?

Looking for lender that can provide $400,000 as a down payment on a $2000,000.00 commercial medial facility the practice is purchasing in the month- who can provide this funding and what type of documentation is needed to assess - they have another two facilities they will be purchasing over the year after this first - 2nd is $5000 000.00 facility and the third facility is $1,500,000.00 - will confirm the deposit requirements on the next two facilities - just wanted to put the feelers out there whom among you can provide this type of support capital. info@g2efunding.com

I have been back in this space for a little over a year worked in it (2010-2018) with some equipment financing as well. Worked for brokers and direct funders. I wanted to see how many applications it takes to get an approval on average in this current market. Assume I get "decent" leads.

We have been using Ringover, but its really slow and we have to deal with people not answering and we sit there most of the day just listening to the phone ring. We want to use something like Augutech or Convoso where it only connects when someone actually picks up. The only issue is that Augutech has a 5 seat minimum and Convoso has 20. Is there a similar product out there that small shops can use?

Who's funding previous defaults ?

Everest is the best case I can think of, Who else is unironically on the level with Funding Metrics' Lendini at the moment?

Hey guys I need anybody that will match 1.18 paying 3-4 points Let me know if you can think of anybody NOT PAYING OFF THE FIRST position with Channel on a monthly

What lender can do $400k business lines of credit, LOC for a commercial construction business with $200k - $300k monthly deposits, and 660 credit scores ?

Hello, Does anyone have any recommendations for a similar CRM/ Lead Flow Distribution application to Boberdoo.com? (preferably able to integrate with Zapier.) If so please email or call me using the below info. Best Regards, Nick De Jesus Meridian Leads 561-418-2043 nick@meridianleads.com

What is the goal you are trying to achieve with the refi? Pay off existing not due 9/10/24 of 4.75M Current mortgage balance: 4.75M Current available equity: 1.45M Current property value: 6.2M Can you provide a credit score report of the owners of the property? 730 Transunion, 772 Equifax. No other properties to refi. Not enough business income to supply more cash for the pay off. Anyone interested? Lenders only - no other brokers please. DM.

Seeking brokers with 1+ years experience in the industry to join our NYC team located in Fidi NYC. We can offer fair splits, lead generation/sourcing , working hours are 9:30am - 6pm and and inhouse syndication platform to use at your disposal. You would also have access to a large group of brokers with over 10M+ in funding and a wealth of knowledge to learn and grow as a broker yourself. Feel free to DM if you have any additional questions, I would be more than happy to answer them for you!

C2 Advance LLC Qualifications: • Minimum 1 year of experience working for a financial services firm, preferably in the MCA or cash advance space. • Underwriting experience in alternative financing (MCA). Responsibilities: • Perform due diligence on eligible deals (e.g., valuation, credit review, financial document review, merchant research, risk assessment, review site inspections, etc.) Analyze the data from prospective merchant applications. • Conduct phone interviews with merchants. • Present pricing, stipulations, and terms within risk parameters for eligible deals; communicate funding offers to merchants. • Interact with internal Sales Team and Senior Underwriter. • Read and analyze credit reports, merchant processing statements, bank statements, and financial statements to determine the merchant’s ability to support the exposure associated with their business type and requested parameters. • Gather due diligence data from various locations, including but not limited to third party vendor websites and the internet. To apply please contact uw@c2advance.com

Curious how you all handle PSFs in situations where one funder may pay a reasonable fee directly, and another good fit for a client may not pay anything, or very a very limited amount - less than you want. For example, say a client is looking for a line of credit. You've got two solid options. Funder 1 pays you directly, we'll say 5 points. Funder 2 pays 1 point, which is not where you want to be. Do you collect a PSF for the difference only for Funder 2? Collect a general PSF that provides an allowance for a credit for funder payment? I try to work with funders that pay directly so I don't have to mess with PSFs, but also want to place clients where they can get the best terms - and best likelihood of closing. And of course I'd like to be paid a reasonable amount.

Looking for motivated self starting agents to join our group. If you fall in this category and are a strong CLOSER we would like to speak with you. This is not a remote position. Please send resume and correspondence to: ed@advancecapllc.com

Check 21-22 Processing Virtual Terminal Quick Overview 5 Minute Merchant Phone Application Quick Approval & Activation - Generally within 2 Business Days You will receive your E-Check from your customers within 5 minutes. Deposit via Teller, Mobile or ATM 2.00% Discount Fee ZERO Transaction Fees. Check 22 Verification Optional You will Get Paid for the Full Amount You Billed: Discount Fees are Billed Separately. One-Time Activation Fee