Activity Stream

For those of you who are unsure how real-time reconciliations work and how the benefit the merchants please watch our explainer video here.. https://fundkite.com/real-time-reconciliations-work/ happy to answer any questions.

Who looks at bad files under 20k?

For me last shabbos, the local mashgiach was staying over so before we went to the rabbis we got drunk and I put him on the dialer to call merchants! He got managed to get a couple subs in too!

Hello ISO'S we are offering a July special for all new iso's that sign up with Electra Funding in July. All first deals funded together will receive a 15 point commission. Our submission process is simple. Please send all files to our submission's email subs@electrafunding.com with 3 months of recent bank statements. Offers will be sent back within the hour only stips needed for contracts are DL and VC. We fund positions 1st-10th and prior defaults as well. We fund all industries. Looking forward to working with you all thanks have a blessed day. Best Regards, Sam Roth| Managing Partner Email: Subs@Electrafunding.com Phone: 516-757-8601

Currently looking at on-boarding with Dakota. Was just wondering what companies other brokers are using

what are your thoughts on Thriveway? does anyone have a contact number for them ?

Have a file for a client that previously consolidated an MCA. Banks are solid for 2024 with good deposits. They are looking for smaller MCA/funding. Let me know if you can help on this one.

I'm looking for a company that would be willing to use a residential property as collateral for a business loan. I'm currently onboard with TVT and WBL. I want to add a couple others that can bridge some of the gaps between these companies. WBL's rates are too high right now and TVT has good rates but not the best approvals and they strongly prefer to use commercial properties.

Looking into a few new lead companies and i've found stuff ranging anywhere from .10¢ to 4$ a number. Do you find that you have better contact rates and better quality calls with the more expensive stuff?

Hey guys Do you guys know anybody other than Snap Advance - IMS to do CC splits? '

Who funds 1st on trucking ? 200k average rev. Strong balances, 13 units on safer Need a good deal on 40-50k good term. Credit about 650

I experienced one of the quickest deals of my life yesterday, from Sub-Fund was 1 hour & 54 minutes. So obviously very much prompted me to give props to Square one of my longest funding relationships, gotta spread the love and all that :rolleyes: The client is someone I've been working with for a while and have honestly some of the weirdest conversation ever... Dude was born muslim but loves Jews and discussing G-d Yesterday a situation came up with his sub contractors that required a quick 2nd position. Thankfully, Square didn't hesitate to provide an incredibly fair deal with lightning speeds. They are one of the few funders I've experienced that does understand the difference between a client and a Merchant I'm giving them a 10/10 rating currently! ;) ;) ;) :D :D :D

Pros of this client: A credit personal B+ Credit Business 7MM GAS 236220 Commercial and Institutional Building Construction Current Positions: 1. 135k 2. 105K Cons: He won't work with any MCA lender/funder east of the Colorado River (weird, I know) Had a default five years ago that was paid in full within 5-6 weeks. Request: He wants either 250K over 12 to pay for the smaller position or 3rd 150K over 12. Tough I am aware. The client is also a good friend and golfing buddy, so he won't speak with any lender or funder until there is approval of 12 months. If interested please me your information. Hope everyone has a good 4th of July

Had a newbie come into the office today, thought it would be fun to share the illustration lol

Merchant deposits $4 million a month in sales, and keeps $400-600K running balance. They sell their own software that is a payment system (perhaps better stated as payment rails) to retailers, ecommerce stores, and more. Their bank statements show edeposits froma wide array of clients, like the above. Some health and wellness stores deposit to their account, education centers, digital stores, digital libraries, boutique online stores, and even processing companies are paying them what appears to be royalties or something similar on a consistent basis. Hundreds of deposits per month per statement. Needs a home for first position. Tried all name brand 1st position MCAs (i.e. Kapitus, Rapid, National) and they declined due to industry. Most are declining because they are confusing the merchant as a credit card processing company or credit card processing funder (i.e. Credit card split), and won't look any further. Here's an analogy to describe what they do. Microsoft, Inc designed a software called Microsoft Office, which has a suite of products like Word, Excel, etc. They sell it to Best Buy and Staples and Office Max. Each of those retailers pays Microsoft royalties every time the Office suite is sold off their shelves. That's what this company does. Problem is, funders are confusing the merchant for being Best Buy, not Microsoft. Any funder willing to play ball?

Are there any lead sources that provide a signed app and most recent bank statements

Does anyone have any good recommendations for new lead/data sources, ideally live leads generated on a landing page for merchants that are looking for capital. Thanks!

Hi. Are there any longers that accept business owners with ITIN's?

Client looking for 300k for 6 months to pay back 400k , there's property to secure the funding, financials are great, revenue yearly is 2 million. Client will not entertain any type of MCA. I appreciate any help i can get. Thank You

Is there a direct funder who can do a 1st position 60-day deal at a 111 buy rate with immediate payout to ISO and no clawback? Regards, David McCarthy, CEO McCarthy Merchant Capital LLC www.mccarthymerchantcapital.com Main: (717) 622-2784

The merchant has received an offer from his bank but still wants to explore if he can find something better. CS is 730-750 and the rev is $60,000. Looking amount - 80K-100K term 12-24 less than 10%, Is it possible?

Client is looking to get and 30-40% advance on their 700k purchase order. It is a concrete company.

Client has a 715k purchase order and is looking to ger an advance on it. It is one of the largest cement companies. Needs funds asap.

CDK Software Breach - https://www.foxbusiness.com/markets/car-dealership-losses-from-cdk-software-outage-could-reach-1-billion-study-finds

Anyone have any previous experience with these guys? Are they a reputable funder? Thinking about expanding our box. Thanks

Who funds with Bluevine bank statements ?

Onboarding ISO's Call, Text, Email today to get signed up and take advantage of our JULY BONUS!!!! (646) 598-9380 Jacob@mnycapital.com https://mnycapital.com/apply-now/

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