Activity Stream
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Older Activity
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Today, 02:41 AMJohndough24 replied to a thread What company are you guys using to pull psfs when funding an MCA in Merchant Cash AdvanceSeamlesschex is good and less expensive (my last processor cost me 10% on pulls). It's a virtual check. Pulls right away funds in your account quickly too.
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Today, 02:39 AMCan you provide proof (lawsuit (s)? Otherwise couldn't they possibly sue you for posting this on a public forum?
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Today, 02:36 AMYou aren't in courts. You're an iso pretending to be a funder. Go call leads my guy.
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Yesterday, 11:00 PMGood evening Dan! Welcome to the dailyfunder forum where incite about the industry can be found. It's an amazing resource for new and experienced brokers/funders in the industry! We don't do small construction but if you need a solid MCA funder to fill a void in your lender/funder list, reach out! We are always looking for trustworthy iso partners that can become profitable for both parties. Regards,
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Yesterday, 09:42 PMVelocity Group USA, a once-prominent funding company, has been exposed as the center of a massive Ponzi scheme, defrauding investors of hundreds of millions of dollars. The key players involved in this devastating scam are Robert "Bob" Fallah, his wife and attorney Lisa Gioia-Fallah, and Adam Frieman. The scheme, which recently unraveled, has left countless victims suffering enormous financial losses. For many families, their life savings were completely wiped out by these unscrupulous individuals, and the full extent of the devastation will soon become public. The fallout is imminent, and those responsible will face retribution for the pain and hardship they've caused. The lives of innocent people, families, and businesses have been ruined in the wake of this financial betrayal. It is critical to hold these perpetrators accountable for their actions. If you or someone you know has been affected by Velocity Group USA’s fraudulent activities, now is the time to seek justice. Don't remain silent—reach out and help ensure that these criminals face the consequences they deserve. Velocity Group USA shares an office with Trustfi in Melville, and the time to act is now. Together, we can demand justice for all those who were harmed by this elaborate and destructive Ponzi scheme.
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Yesterday, 09:19 PMFrank and his gang of thieves have also been running a funding company called Clearview Funding out of the same office in Melville. Their head underwriter, Trace Feinstein, was arrested in their office for grand larceny, falsifying business records, petit larceny, and possession of forged instruments. You think they would have fired him??? Nope, he fits right in!! See the charges here: https://gyazo.com/b5d9f8fed9a59110d5b04c3c78aec922 https://gyazo.com/6e4c94167325303060c8dd0dbb64b319
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Yesterday, 09:16 PMFIRST PATH CAPITAL replied to a thread Proud to Be Part of Meged Funding Group. Introducing My New Role at Meged in Merchant Cash AdvanceMeged is a company I can 100% vouch for. They are as honest as you will find in this industry! Always hungry to win your deal, easy to work with! Moshe and Marc are great guys! Highly recommend signing up if you are not!
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Yesterday, 08:28 PMThe rep said it was approved with a different iso
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Yesterday, 08:22 PMDo you have proof that merchant isnt lying to you?
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Yesterday, 08:16 PMSubmit deal to ondeck Gets decline for unsolved liens and judgements Another iso submits gets an offer? wtf Contacted my rep and he doesn’t even know himself what happen
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Yesterday, 05:56 PMSignit replied to a thread Does anyone have a contact for these? (A paper 1M+) Please pm me. in Merchant Cash AdvanceI would add Mulligan to this list! Great deals with them recently!
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Yesterday, 05:53 PMaaron4235 replied to a thread What company are you guys using to pull psfs when funding an MCA in Merchant Cash Advancewe want it to come out when they are being funded. Right now it comes out about 3 days later and we're paying too much for **** company
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Yesterday, 05:27 PMI can definitely take a look to see if there is something I can offer. My first position renewals are a true add on that works kind of like a credit line of sorts. Feel free to give me a call. Scott Platto scott@tmrnow.com tmrnow.com 212-220-9872 908-340-9454
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Yesterday, 04:50 PMNew here, my name's Dan and I run High Level Positions. I'm an ISO looking to get the below deals funded and form an honest relationship. Other deals to come. Deal #1: Sole prop construction 22K avg rev over last 3 mo 1 position: Vader 2K bal 169 daily Requesting 10K TIB: 4 years Deal #2: Construction LLC 35K avg rev 1 position: Expansion 2K bal 170 daily Requesting 20K TIB: 3.5 years Quite a few negative days last month but September has recovered. Nice to meet you all, Dan ----- Direct: (347) 955-1560 Email: Dan@highlevelpositions.net
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Yesterday, 04:44 PMreferral network is the best and cheapest way . for example a banker sending you his declines . Google ads is the most expensive but scalable way
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Yesterday, 04:37 PM@theunderwriter the issue here is (and main reason we require 3 trucks) is that if they have 2 trucks and one goes down, there goes half the revenue and you dont get paid back...even worse with one truck....
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Yesterday, 04:14 PMWe fund trucking industry with minimum monthly rev of 75k Diana diana@ontapcap.com 929-566-7317
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Yesterday, 03:33 PMI can comment on the first one a bit. There's always Google ads, but those are going to be incredibly expensive. To find merchants in today's market, it takes really good branding on LinkedIn, DF or any other social media platform. Videos of what you do, it takes hard work and posting regularly, standing out in the crowd, and some good coaching on the types of video content you'd be able to put out. Probably also requires some investment in a good editing group, but you can find those on outsourcing platforms pretty cheap at first, and gradually build your own in-house team. Sell a feeling, not a product. Build your personal brand first, and your business brand will follow. For example, this guy https://www.linkedin.com/in/underdogsales/ Creative videos of him doing what he's doing and actually succeeding (and I love his uniform).
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Yesterday, 03:21 PMIm looking for some advice on the best way to find merchants. I know having employees make calls all day is the industry standard, but are there other methods for finding deals? It is also difficult finding people that want to work for commission only. I have a small team currently but I want to expand and try different methods for brokering deals. If anyone has any advice let me know.
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Yesterday, 02:27 PMI funded a few trucking deals in the last 30 days. Maybe 6-10 deals. Tiny deals under 10k, some under 5k - 1st and a 2nd positions. Short term but looking to renew them quickly. No bounce payments yet. Fingers crossed. 1-2 trucks, some only 1 truck. But so far, no issues.
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Yesterday, 01:57 PMAbe, you just proved my point. alot of funders are restricting transportation to have a min of 150k.... we dont... so long as they have 3 trucks/Vans etc
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Yesterday, 01:55 PMwe dont have a minimum, so long as they have 3 trucks ON THE ROAD (not 2 on the road and 1 in the shop)... however nowadays a 3 truck operation should be bringing in 30-40k per month at least
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Yesterday, 01:54 PMthey dont manage their money well enough to meet their needs. I get 500k monthly rev trucking companies submitting who can barely keep 2k in the bank trying to look for funding
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Yesterday, 01:52 PMthis is exactly why we stopped doing reverses... they negate the whole reason they took a reverse in the first place by taking out more funding
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Yesterday, 01:51 PMI'm not sure, If a trucking business is making more than 150k/month why do they need this kind of Loan?
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Yesterday, 01:47 PMPlease send it over. Abe-Meged abe@megedfunding.com
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Yesterday, 01:44 PMLooking for ISOs/Referral Agents Legendary Funding Group is looking for ISOs/Referral Agents interested in aligning to get deals funded. We are direct funders specializing in MCAs, Invoice Factoring, PO Funding, Equipment Funding, etc. All of Our Funding Solutions Include... • Approval Within 2 Hours (once all required documents are in) • Funding Up To $5 Million • No Restrictions On Usage • No Hard Credit Pulls • Early Payment Discounts We help fund small businesses in almost every industry to empower their owners to gain access to needed working capital. Let us help you reach your business goals with our flexible and competitive funding solutions. Get in touch. Tony Kittrell Director of ISO Relations Legendary Funding Group, LLC - Direct Funder 11350 McCormick Road, EP4 Ste LL1 Hunt Valley, MD 21031 tonyk@legendaryfundinggroup.com www.legendaryfundinggroup.com 410-734-2001 https://calendly.com/tkittrelllcx/30min
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Yesterday, 01:35 PMOur merchant's was for a tractor payment so equipment financing in this case