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I don't think it's that deep brudder, I think he would take 1 point if he got the deal done. Another way to get a 1.18 factor rate would be to get an Early Payoff Addendum if u have someone who does that

Funding Blue Vine statements. Email Underwriting@capitawize.com & CC Kareem@capitawize.com

Why dont people fund if they have bluevine statements

nah, it's you that needs to "get real", not me. I've been doing this a long time (obv much longer than you). You're great merchant bounced payments within their first week of being funded. The funder told you there's gonna be a longer waiting period to get paid. If you don't agree with it, hire a lawyer and sue them instead of crying your eyes out on a public forum looking for people to feel sorry for you (and if you do hire a lawyer, he'll probably read the ISO agreement and tell you the funder was within their rights). This industry doesn't seem like it's a good fit for ya.

If you got someone to give you the 1.18 making 1 or 2 points, you wouldnt take it? You HAVE to make 3-4? Isnt it better to make something than nothing?

The real interesting part is that the article doesn't just quote the lawsuit verbatim. They actually claim to have additional sources identifying the people directly involved in these transactions. This is the beginning of a potential criminal case if there's any truth to it.

What are they using the money for? I know a lender that will work with them to finance materials or finance a portion of their project to get them started.

If you have a First Citizens Bank in your area, they're super easy to work with. No complaints, have been with them for almost 4 years.

Check out my guy Daniel Tobler at JD Factor - They mainly do trucking, but will look at other deals too. Daniel Tobler Business Development Officer J D Factors, LLC. Phone: 865-481-1999 Cell: 865-300-7844 Fax: 865-481-1998 dtobler@jdfactors.com http://www.jdfactors.com

It's the payment processor that debt settlement companies, specifically Creditor's Relief and MCA Resolve, use to debit merchant's accounts. They also use it to pay out creditors and/or collection companies (like us) on behalf of creditors. Steven Lyubomirsky Managing Partner ACME Recovery Solutions, LLC 7431 Broadway Street Kansas City, MO 64114 Main: (816) 631-0164 Direct: (816) 631-0089 Fax: (816) 631-0367

Loan to value is too high....Land is 30% - 50% Loan to Value. Renew the loan with current lender when it's due in September.

No cash advance provider can match Channel's rate and terms. You'll need to try something more conventional, which he likely tried already, because you need to have those types of numbers to work with Channel, particularly five years in business. www.UccRadar.com – Large sales volume merchants filling out your application.

Will be very interesting to see if some "well known" names in the MCA space are behind this. Wonder if anyone has beef with the plaintiff that also has a way to get access to things? Following.

On June 3rd 2024, we announced to the community and to Centrex Software customers that our service provider had a vulnerability that was exploited by a criminal third party. Since that time, an article and a lawsuit suggest that Centrex and its service provider are the source of this data incident, and that Centrex and its service provider participate in a common industry practice of “backdooring” or buying and selling customer data. Neither Centrex nor its service provider have evidence or reason to believe that the data was accessed and/or released by any person within its organizations. Nor does Centrex or its service provider ever buy or sell customer data or information in any way. The two forensic cyber security firms that our service provider is working with are at the tail end of their investigation. I would also recommend looking at the very next article on the homepage of fintalknow.com, as it clearly represents the true problem within the alternative corporate finance sector as it relates to data and document theft. https://fintalknow.com/lead_source Cheers, Trey Markel VP Sales and Marketing (888) 622-5810 tmarkel@centrexsoftware.com www.centrexsoftware.com

Even the dictionary defines “default” as failure to fulfill obligation or failure to repay. The client paid and is paying, further fulfilling their obligations. People want to incorrectly use the word to manipulate a situation then force people to believe that’s what it is and it’s not. Funders have all this business and money to lend, but want to withhold a small check from a small broker? What is that even about? Its cant be about the money. The funder is the only entity in default, and not fulfilling their end of an obligation. Get real.

If they defaulted, they would be in collections. They do not have an active and valid defaulted advance. Until they do, they have not. Legally and Respectfully.

1.18 Call me to discuss 929-566-7317 diana@ontapcap.com

Our firm is one of the biggest in the country. We don't have these kind of problems with funders not paying us. So no we don't relate.

In my experience, Live Transfers did not work, They Qualify merchants that are truly not qualified, that means wasting your time, also they don't know what questions to ask, again your time being wasted. as far as 15$ per live transfer, that is a little low, a red flag to me. Remember they will promise you the world until you make good on your payment. Verify this Live Transfer guy before you proceed. good luck!

According to the funder, they started bouncing payments withing their first week. Your incredible merchant, of whom you have an outstanding relationship with, defaulted.

https://www.youtube.com/watch?v=KYmkU1isYuc

How we look to another person doesn't matter actually. We're doing nothing wrong by coming to a forum and having an important conversation, that's what it's for. It's actually creating awareness and generating both of our companies new LIKE-MINDED business partnerships and opportunities. More than 10% was paid on this advance already, and 30days makes next week. We did right and our part, and this never needed to happen to us. These situations are common because brokers like to gaslight and accept things the way they are, even if it’s not right. MCA funders thrive off of not paying out commissions, feeling ISOs can’t and/or won’t do anything to counter their decisions. ISOs and Funders have agreements in place for a reason, and if ISOs did anything to breach that agreement, they would not hesitate to enforce their commitment to it. If they get to regulate on that convoluted seemingly one-sided agreement, we can as well. That’s what it’s there for.

So sue them instead of crying on dailyfunder. Or don't, at this point who cares. All you are doing is making yourself look worse.

And again, if they had an actual DEFAULT we would understand because that is in our CONTRACT. The way we are being dealt with is NOT in our contract!

We have only been working with lenders who pay same day/ next day, and constantly have situations where the lender will call us for missed payments and we help them get back on track. We maintain relationships and make sure the clients we present and that represent us pay. This is one of the few times we went outside of our relationships to get something done and wait for a check to come almost 15 days later. We confirmed up until the payday for a payment and there was no issue until the actual day/hour of payment which is the 1st, everything is due, and are budgeting for our expenses and what needs to be taken care of. Again, we maintain relationships and make sure the clients we present and that represent us pay. Hence what made sure was taken care of with the client, and the client is continuing to pay as we speak. THAT is why there should not be a problem for us to get paid WITHIN A REASONABLE TIMEFRAME. IT'S 30DAYS LATER and we're put on the backend of an 8month deal for NO REASON! WE are being penalized in a way that goes AGAINST our contract.

did you see a line of credit in the statements from vanguard? Or a line of credit letter that said they first have to take 30k with 50% fees at a 1.599 and pay it back the same day?