Activity Stream - DailyFunder Forums
Need a Funder or Vendor? START HERE

Activity Stream

All times are GMT -4. The time now is 05:55 AM.
Filter
Sort By Time Show
Recent Recent Popular Popular Anytime Anytime Last 24 Hours Last 24 Hours Last 7 Days Last 7 Days Last 30 Days Last 30 Days All All Photos Photos Forum Forums Articles Articles Blog Blogs
  • TheUnderwriter's Avatar
    Yesterday, 11:05 PM
    Jared a wannabe funder for sure, but he just a broker. I know of a few shady little things he has done to a few shops in the past to try to get information but liar and deceiver are good words to use
    35 replies | 15171 view(s) | |
  • Zonefund's Avatar
    Yesterday, 09:39 PM
    Ask the merchant if he took any financing on the date or around when it was filed. If they dont remember get statements around the date. Look for lender or funder deposits or new debits (also factor deposits that start around the date it was filed). That'll be who filed it. If that fails also call ct systems. If its funding on another biz and this one was cross collaterized youre either toast or good to go.
    1 replies | 50 view(s) | |
  • diditevenfund's Avatar
    Yesterday, 08:10 PM
    :confused:
    35 replies | 15171 view(s) | |
  • diditevenfund's Avatar
    Yesterday, 07:23 PM
    Only exclusive leads you are getting are real time generated yourself, and even those have tons of shoppers in there.
    48 replies | 91999 view(s) | |
  • Collinscash's Avatar
    Yesterday, 06:52 PM
    Hello Everyone, I hope you're all doing well! I'm excited to share some valuable information with you about a service that can significantly simplify the funding process for your business. I want to personally introduce you to our easy approval cash advance and funding solutions designed to help businesses like yours thrive without the usual financial stress. Contact us for more info: Smart Business Funding Toll-Free Number:1-866-Re-Smart Fax: 347.402.1650 Email: Info@SmartBusinessFunder.com Why Choose Smart Business Funding? At Smart Business Funding, we understand that securing funds for your business can be a daunting and time-consuming task. That's why we’ve streamlined our process to offer fast, flexible, and straightforward funding options. Here’s what sets us apart: Fast Approvals We know that time is money. Our approval process is quick and efficient, often allowing you to receive the necessary funds within 24-48 hours. Flexible Terms We offer customized funding solutions tailored to meet the specific needs of your business. Whether you need funds for inventory, equipment, or marketing, we have you covered. Expert Guidance Our team of professionals is dedicated to helping you choose the best funding option for your business. We’re here to provide the guidance and support you need every step of the way. Trustworthy Service We pride ourselves on our transparent and reliable service. With a proven track record of helping businesses achieve their financial goals, you can trust us to deliver on our promises. Contact us today!
    0 replies | 41 view(s)
  • Olderguy's Avatar
    Yesterday, 06:31 PM
    Olderguy replied to a thread Acquisition loan in Business Loans
    What's the revenue? What's the valuation of the business? Too jumbled to understand. You want to use inventory to buy the business...I don't understand this at all. I'd need to see tax returns of buyer and seller for 3 years P & L and balance sheet of business 2023 and YTD 2024 PFS of buyer Schedule of liabilities Fico score of buyer etc... Reach out...
    1 replies | 45 view(s) | |
  • michaelh's Avatar
    Yesterday, 06:28 PM
    I have a customer with a UCC filed by CT Systems with no lender. - Does anyone have a number at CT corporate systems to track this down? Mike
    1 replies | 50 view(s)
  • xhuljo's Avatar
    Yesterday, 06:10 PM
    xhuljo started a thread Acquisition loan in Business Loans
    Client looking for a unitranche or mezzanine loan for business acquisition. Business Overview: Location: Atlanta, GA Industry: Retail – Liquor Store EBITDA: $488,000 Inventory Value: $650,000 Loan Request: Amount: $1,000,000 Inventory Financing: 50% Loan-to-Value (LTV) on inventory Equity Contribution: $400,000 The requested mezzanine loan will be used to facilitate the acquisition of the liquor store, which has demonstrated strong financial performance and possesses a solid market position in the Atlanta area. The store's EBITDA of $488,000 reflects its profitability and operational efficiency. In addition to the mezzanine loan, client is committing $400,000 in cash as an equity contribution towards the acquisition. Given the substantial inventory value of $650,000, we are also seeking additional financing with a 50% LTV ratio on the inventory. This combined financing approach will provide the necessary liquidity to support the acquisition and ensure smooth operations post-acquisition. Any lender willing to look at this please email at mail@fastfinancing.org
    1 replies | 45 view(s)
  • phunder's Avatar
    Yesterday, 06:08 PM
    All different EINs, all same biz type (medical). FICO is 740 but TIB is just under 2 years so SBA isn't super realistic. Rev is solid, not looking to add another position but hoping I can get a reverse offer.
    6 replies | 166 view(s) | |
  • eman_pin's Avatar
    Yesterday, 05:07 PM
    These people deceived my company into making us think they were direct lender. If you want to get your deal shopped go with them. Jarret Wietz is a liar and a deciever.
    35 replies | 15171 view(s) | |
  • Zonefund's Avatar
    Yesterday, 04:53 PM
    Are they all different eins? Are they all different biz types?
    6 replies | 166 view(s) | |
  • Cash Advance Kid's Avatar
    Yesterday, 04:45 PM
    Is revenue down? seems like they need to use their reconciliation provision, not take another position.
    6 replies | 166 view(s) | |
  • SBF's Avatar
    Yesterday, 04:44 PM
    How long is TIB, what is the industry and what is the Experian FICO score?
    6 replies | 166 view(s) | |
  • JasonBishop's Avatar
    Yesterday, 04:43 PM
    Cheers to you. Hopefully no one got fired today. Keep up the great work. Follow for a Follow MK! https://www.instagram.com/leadtycoons
    48 replies | 91999 view(s) | |
  • phunder's Avatar
    Yesterday, 04:39 PM
    Merchant has none of those unfortunately, also has too low TIB to pursue an SBA 7(a) loan. As things look right now, reverse seems to be the only options here.
    6 replies | 166 view(s) | |
  • Olderguy's Avatar
    Yesterday, 04:37 PM
    Does your client have any assets to do ABL? equipment free and clear? Real Estate with equity? 4 positions in multiple entities - he needs to hire a remote CFO.
    6 replies | 166 view(s) | |
  • Olderguy's Avatar
    Yesterday, 04:32 PM
    Try these: Menachem at Caplitalize Group at 347.519.2822 - Marcus at Capaybara 561.404.1674
    3 replies | 89 view(s) | |
  • PopCrumbs's Avatar
    Yesterday, 04:10 PM
    Are you following us on Instagram? https://www.instagram.com/we_grow_businesses/
    48 replies | 91999 view(s) | |
  • Yankeeman07's Avatar
    Yesterday, 04:07 PM
    Found is a financial technology company, not a bank. Banking services are provided by Piermont Bank, Member FDIC. If the business accepts credit cards - split funding may be an option.
    3 replies | 89 view(s) | |
  • phunder's Avatar
    Yesterday, 04:01 PM
    Hey guys, Have a merchant with multiple related businesses. Has 4 positions across all of them. His cashflow is taking a beating, and he's extremely interested in pursuing a reverse. The problem is, each position is under a different entity. Would any reverse lenders touch this?
    6 replies | 166 view(s)
  • Zonefund's Avatar
    Yesterday, 03:46 PM
    I know nexi will do it after they see no disbursement for a week (funded a 300 and change deal with them like this), but they provided new money (it was a low amount. Not 85k). If he wants 85k, imo, go to silverline and nexi from my exp doing this, get it approved, ask the max $ amount you can stack since he needs $ and if they'll still reverse pending bank balances. If all else fails theres a ton of funders that'll stack a side account. 85k would be a lot but its a 5th so im sure you'll get close to it.
    5 replies | 153 view(s) | |
  • abfunders's Avatar
    Yesterday, 03:44 PM
    https://www.teslarati.com/hackers-demand-massive-ransom-as-cyberattack-plagues-auto-dealerships/ One of the main backbones of anything that has anything to do with cars has a $50mm ransom they might need to pay. They got hit with a massive ransomware attack. You might want to be careful funding any of them, or from the other angle, you might want to give them a week before you start payments, since they might NEED the extra cash now!
    0 replies | 42 view(s)
  • JHG's Avatar
    Yesterday, 03:23 PM
    We can take a look, email me. Diana diana@ontapcap.com 929-566-7317
    3 replies | 89 view(s) | |
  • Mikefunds's Avatar
    Yesterday, 03:23 PM
    No, he just wants more capital now and wasn't aware it busts the reverse. I told him I'd help get him into the same, potentially a little better of a reverse than what he currently has after we fund. He's not super deep into term on his current one, so he's not left with a huge chunk from them. I sell deals straight up, no LOC garbage. This is an 85k deal as a 5th position, he doesn't listen to BS
    5 replies | 153 view(s) | |
  • ThePlan4You's Avatar
    Yesterday, 03:19 PM
    I have a merchant who banks with Found (an internet bank). Are there any lenders who accept this type of bank?
    3 replies | 89 view(s)
  • diditevenfund's Avatar
    Yesterday, 03:14 PM
    sounds like a bunch of turds that need some jail time then.
    6 replies | 434 view(s) | |
  • abfunders's Avatar
    Yesterday, 03:08 PM
    They are definitely Hybrid, and you see them in the most of the bait & switch 30-day deals
    6 replies | 434 view(s) | |
  • Zonefund's Avatar
    Yesterday, 02:57 PM
    That seems to be the only way to close this.
    5 replies | 153 view(s) | |
  • Zonefund's Avatar
    Yesterday, 02:56 PM
    Hes pitching something on the back end. A crazy refi. Loc. Term loan. How else would it make sense even if its a 10% increase in reduction for the merchant to take a new reverse, and, have the current reverse continue to debit them?
    5 replies | 153 view(s) | |
  • NeedmoreISOS's Avatar
    Yesterday, 02:42 PM
    If you looking to sign up with them I would avoid it. Are you searching for new funders? I would like to know if that's the case here. Depending on the deal size & position I can point you in the right direction.
    6 replies | 434 view(s) | |
More Activity


INDUSTRY ANNOUNCEMENTS

iBusiness Funding acquires Funding Circle
Fintech Nexus is shutting down
Fed penalizes Evolve Bank


DIRECTORY