Activity Stream
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Older Activity
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11-30-2023, 04:04 PMBLUEVINE just sent out an iso termination email and CC'd 100's of shops. Did everyone get this or it was hand picked?
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11-14-2023, 03:21 PMOnboarding ISO's. Funding all states, all industries, including high risk. 45K+ monthly min rev, unless high risk industry, then min 100k+ Daily's & weekly's offered Same day approval, same day funding Fast Coms Deja Colon - FUNDING SPECIALIST SMALL BUSINESS FINANCING Email: Deja@alpineadvance.net Website: www.AlpineAdvancellc.com
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11-15-2023, 01:23 AMI hope that what I'm about to say, resonates with at least some of you. One of the most significant shortcomings within our industry, in my eyes, lies in our inability to elevate businesses beyond the confines of lender rankings and, eventually, out of this space altogether. We're all familiar with those borrowers who have endured 14 renewals with CFG, maintaining a FICO score of 520, holding 3 positions, seeing their revenue double, and sustaining strong cashflow with a 35% remit. This represents just one of the industry's many failings, but I'm willing to bet that each day, you all encounter something that's broken and easily fixable, yet nothing changes. Why are D lenders the only ones in on a business that's growing and paying just because of poor credit and a high remittance? How can we see past this? Why do entire industries get banished due to a brief period of underperformance when there are countless external factors influencing the success of a deal? Has anyone ever analyzed the performance data between funding at a 1.40 versus a 1.499? That's a ~20% reduction in the cost of capital, which could have a huge impact on a borrower, and I'd be curious to see how large of an impact you'd actually see, especially when your average term of 110 days. Not to mention that most of us are fee-based platforms and the cost of capital reduction has no impact on your revenue. But aside from the potential financial gains, think about the positive impact you could have on our industry, even if it's just a step in the right direction relative to its current state. I know that our primary goal is to make money, and we operate in a nefarious industry. However, we also play a crucial role in supporting the backbone of the economy by bridging the gaps left by traditional banks. There will always be 10,000 daily applicants for fundings and we could continue to fund and forget for the rest of our lives, perpetuating the predatory industry stereotype. But why aren't more people willing to change the narrative? I'm not referring to companies like OnDeck, Can Capital, and Biz2Credit, who aren't even participates in the conversation, but to everyone within the B-D space. Don't you believe that a shift in direction could benefit not only your company but also the future of the entire industry? Maybe I'm being naive, would love perspective here. If these aren't things we can change, what can we? Or is this the fate of our industry?
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11-16-2023, 04:32 AMLooking for the funds that can fund north of 1M I of course know the usual: Libertas Breakout IOU Samson Backd Tvt Who can fund north of 1M and really fund north of 1M and do a minimum of 11-12 month terms.
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12-07-2023, 04:16 PMSo I made an honest mistake. I thought that a funder that I worked with (who's on the forum - don't reveal yourself!) paid same-day commissions. Turns out they wait a few days, which is 100% legitimate. However, I agreed to pay same-day commissions. I co-brokered the deal. The other broker insisted that the rep needed to get paid IMMEDIATELY and that I was holding back the commissions, and they sent me all sorts of screenshots to prove it (as if her requesting that I look back at my emails wasn't enough). So I sent the commissions without much fighting, and it also wasn't that much money, and I'm not concerned about her stealing from me if it defaults, which I'm confident that it won't. However, is it unprofessional or unreasonable for me to request that I get paid only AFTER I get paid on the file? Is it right for the other broker to insist on getting paid immediately? Any other thoughts on the matter? (Remember, people don't remember what they read a minute ago and just type a response to what they think that I wrote: I already paid them on the deal.)
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11-22-2023, 06:03 PMinteresting stuff here waiting for a deBanked article on this https://iapps.courts.state.ny.us/nyscef/DocumentList?docketId=eZCurjZbI3RctRS/2j01Ng==&display=all&courtType=New%20York%20County%20Supreme%20Court&resultsPageNum=1
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11-21-2023, 03:19 PMreversefunder started a thread BEST A- B+ Funders to sign up with & contact information? in Merchant Cash AdvanceThank you
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11-27-2023, 10:59 AMHello, After Entrance went down, what do you think Cherry SMS or any other platforms will support financial services? Thank you
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11-17-2023, 12:26 PMIs Silverline the main vein in the game for this?
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11-26-2023, 06:07 PMhttps://www.dailymail.co.uk/news/article-12792563/Donald-Trump-commuted-sentence-Jonathan-Braun-Jared-Kushner.html
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11-21-2023, 02:04 PMWho are the lenders your funding smaller deals with? Revs 10-20k..
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11-21-2023, 06:18 PMDear Financial Services Customers, This message only applies to users in the financial services sector \We hope this message finds you well. We would like to inform you about some important changes regarding Entrance Group financial services accounts. After extensive discussions and careful consideration, we have made the difficult decision to make significant adjustments to our service offerings due to ongoing challenges with our carriers. What's Changing? Starting on Friday, November 24, 2023, at noon, we will be implementing changes that will affect the sending permissions on most financial services accounts. Please note that this change will not restrict your access to your accounts, messages, or any other relevant information. However, it is essential to be aware that our support line will be closed. Why Is This Happening? Our upstream carriers have expressed concerns regarding the use of our services within the financial industry. They have strongly urged us to transition to other use cases. We have advocated for our financial services clients tirelessly, but unfortunately, we have come to the difficult decision to discontinue our operations within the financial services industry. Can Some Accounts Be Retained? Yes, a very select group of our customers who have demonstrated compliance with opt-in requirements have already been contacted and will be allowed to continue using our platform. We understand that this decision may be disappointing for many, but it has been made after careful consideration. Will Switching Platforms Be an Option? Our carriers have informed us that other SMS providers in the industry will also face similar restrictions in the near future. In fact, eight competing platforms have already been affected by these recent issues. We recognize the challenges this presents and apologize for any inconvenience this may cause. Can I Rejoin the Platform? At present, our platform is not accepting financial services new sign-ups. However, if circumstances change, we encourage you to join our waiting list, and we will keep you updated on any developments. We understand that this news may raise questions and concerns. Please know that we deeply appreciate your trust and support throughout our journey together. If you have any immediate concerns or require assistance, please reach out to us before Friday, November 24, 2023. What about my balance? If there is any pending balance after Friday on your Entrance account, we will be refunding this balance to the default card on file. We urge you to NOT dispute any payments as this hurts us tremendously, if there is something specific we can assist with, please send us an email to support@entrancegrp.com with the subject of Billing Inquiry Thank you for being a part of Entrance Group, and we sincerely apologize for any inconvenience these changes may cause. We remain committed to serving you to the best of our abilities within the constraints we face. Sincerely, David Barnathan Jack Gabbay
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11-30-2023, 04:04 PMBluevine just emailed like 500 isos and CC their email saying they terminated our agreement for no particular reason was it hacked?
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11-14-2023, 08:45 PMDentist looking to refi recent funding with lower-cost money $210K existing bal Mthly revs $300K TIB 10+ yrs FICO 800 Bank statements clean Looking for 18-month term Direct funders only please.
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12-07-2023, 01:55 PMI have a few MCA applications coming in this week. I am looking for a direct lender who can: work with MOST industries accept lower credit scores do fast approvals fund within hours pay me quickly, of course! If this is you, send me your info so I can get signed up.
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11-30-2023, 03:27 PMAnyone have experience with those guys? Are they legit, or just another broker?
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11-15-2023, 12:35 AMSTEADY REVENUES, 8-9mm ANNUM HAS 1 ST MCA FOR 295,000, LOOKING FOR 200000 (SECOND POS) 18 MONTHS TERM EMAIL ME INFO@GREENDOTCAPITAL.COM OR CALL 6465521255 GREAT BUSINESS CREDIT GOOD PERSONAL CREDIT HISTORY OF REPAYMENTS MORE THAN 6 MONTHS
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12-04-2023, 11:56 AMNeed a lender for 400k Trucking, 1st
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11-16-2023, 07:43 PMNeed to track down who Launchpad is associated with. Luna Martinez or ZACHARY SHERMAN.
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11-29-2023, 11:01 AMWe provided Ronnie boy with leads with a 25 percent overage as a first time buyer and he initiated a fraudulent chargeback. We tried multiple times to contact him and he refused to discuss. --DO NOT SELL HIM LEADS HE WILL CHAGE YOU BACK
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11-16-2023, 01:21 PMONEFUND started a thread 200-300k/m/ Neg history/ high deposit vol./looking for 1st in Merchant Cash AdvanceI have a merchant in manufacturing that does about 200-300k/m avg. Stacked through the roof a wile back that forced a default. Looking to build back lending history. Any suggestions for a first? TIA Shoot me an email, alex@teamsscap.com
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11-13-2023, 03:28 PMWho'll reverse 1.6mill other then Qfs G and g Lendora Nexi Plz assist me! Ty forum.
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11-21-2023, 11:55 AMPrevailBusinessGroup started a thread Puerto Rico Client Looking To Borrow $12.5mil in Business LoansWe have a client in Puerto Rico looking to borrow $12.5 Million against a property they own. It has an appraised value of $21 Million. We have the appraisal, Loan Proposal, and Bio on the owners. Funders?
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11-13-2023, 12:39 PMImage Capital juts scammed a merchant I had funded. Quick NYSCEF search will find Image Capital is really Royal Business Group. You can see who signed the S&C. Congrats, youre a POS.
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12-05-2023, 08:00 PMLooking for 300-500k. Commercial construction deal. Has only 30k left with Fora position. 4 years in business. Strong credit, revenue, and ending balances. Looking for 12 month+ deal in 1.3's sell range. Not signed up with too many A lenders doing general construction.
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11-28-2023, 02:32 PMShorebird started a thread Good Debanked read here on the future of leads/lists etc. in Merchant Cash Advancehttps://debanked.com/2023/11/fcc-seeks-to-close-the-lead-generator-loophole-on-texts-and-calls/
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11-11-2023, 04:11 AMHi, I need a hard money lender for special use properties. Specifically for a used car dealership in Florida. If anyone knows anyone please share. Thank you,
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11-29-2023, 02:15 PMBe mindful who you syndicate with. https://iapps.courts.state.ny.us/nyscef/DocumentList?docketId=WU6kWe5eK2206Vb5I7wJ4w==&display=all&courtType=Kings%20County%20Supreme%20Court&resultsPageNum=1
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11-27-2023, 10:53 AMHello, I am looking for a Lender for Cannabis Equipment... Merchant is looking to purchase new and used. Thanks
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11-13-2023, 09:27 PMThe Money Girl started a thread ISOs, have non funded deals? Give me a shot!Let's convert them into revenue! in Merchant Cash AdvanceISOs, Have a list of non funded deals? Give me a shot! Let me convert your unfunded deals into $$$ revenue! Let me go to work for you, ladies and gentlemen! Reach you; my info is below. NICOLE N. Business Development Director 703-623-3511 (cell) Email: nicole@myrainydaycompany.com https://myrainydaycompany.com/ "Yesterday is not ours to recover, but tomorrow is ours to win or lose." (Lyndon B. Johnson)