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  • whaley's Avatar
    01-17-2023, 09:07 PM
    Kapitus calls me more than my own mother.. I put my cell or my closers phone # since they literally wont UW the file without a business phone # as such below. Thye call me at least daily with " hey i see your file was submitted by a broker or you were recently declined with us and wanted to see how your revenue is doing now etc. You would expect more from an A lender but looks like they are scums like the majority. Beware and make sure you always provide them with a BS phone # and tell them to kick rocks.. Additional info is needed for your submission. Contract ID: Missing Items Missing Business Telephone Number Comment Please Provide a Valid Business Phone Number. Your submission is currently missing the above listed documents or information. Please submit them as soon as possible so that we can continue processing the application. You can also check on the status of your submission at any time by logging into our submission portal below. Login To Portal Telephone: 212-354-1400
    45 replies | 4008 view(s)
  • Mynameisbob's Avatar
    01-31-2023, 10:49 AM
    I need reliable 2ne position funders that can fund up 4M
    30 replies | 1232 view(s)
  • TheUnderwriter's Avatar
    01-26-2023, 11:07 PM
    Anyone hear they closed?
    23 replies | 2493 view(s)
  • wallerbusiness's Avatar
    01-26-2023, 02:18 PM
    I just had a merchant tell me she is getting an offer for 80k @ 1.20 for 20 months with a weekly payment of 1200 bucks.. This is a 3rd position behind fund kite with Fundkite on a 1st and 2nd..... Is she lying... What lender would do this?
    20 replies | 1411 view(s)
  • wallerbusiness's Avatar
    01-11-2023, 05:53 PM
    Does any one use text messaging for marketing, if so how many messages do you send out a day via text?
    18 replies | 1566 view(s)
  • bizfinanceUSA's Avatar
    01-17-2023, 01:36 PM
    Who has the best buy rates, better or similar to Mulligan?
    17 replies | 1061 view(s)
  • dollarbillz's Avatar
    02-03-2023, 10:58 AM
    What is the typical ISO Rep compensation structure? Are they subject to clawbacks like brokers? Do they get a % of the fees? The higher they charge the more they take home?
    19 replies | 919 view(s)
  • Jacobw's Avatar
    02-01-2023, 11:17 AM
    Who is funding in California right now? I am getting a lot of deals in Ca and can't find anyone to fund.
    14 replies | 723 view(s)
  • goatFunding's Avatar
    01-11-2023, 08:22 AM
    Is everybody just erring on the side of caution? A bunch of the funders we work with are still paused. “We should be good to go next week” is what I keep hearing. 2 position+ Funders that are funding CA currently Fox UFS Blade (500K+ deals only) Feel free to add to the list. If the funder doesn’t have their doors open for more than 2 years… skip adding them please.
    11 replies | 1335 view(s)
  • Quickfunder's Avatar
    02-02-2023, 04:47 PM
    We funded a $275K renewal with Kapitus that was supposed to pay 6 points. It was an extremely low-ball offer already, with Kapitus applying a buy-rate around 1.45 on this deal that kept changing. This was a deal we first funded in October for a 12 pt. upsell. But Kapitus claimed since merchant was renewing only 3 monthss in and consolidating a large balance, the risk was higher -- so we backed off on the high buyrate. After our points kept changing on the offers, we eventually sold it at 6 points. Kapitus paid us out 2 points. Now they are claiming they only pay on the net for renewals, so that it was 6 pts on what the merchant netted. Everyone knows the industry standard is paying on gross and there is nothing in our contract that says we get paid on net. Curious if this is happening to any other ISO's out there and cautioning others to beware of working with Kapitus. The offer we chose in the portal was six points built into the offer -- nothing about 2 points on net. This is a bait & swtich scheme clear and simple.
    14 replies | 673 view(s)
  • Fundfacts's Avatar
    01-12-2023, 04:45 PM
    Fundfacts started a thread Need 1-2M. in Deal Bin
    The merchant does 6-7 Million a month and has a 1st position. The merchant's financials are strong, but his credit isn't. I have everything to show (to the right company) who can fund this deal?
    12 replies | 911 view(s)
  • abfunders's Avatar
    01-10-2023, 04:21 PM
    So I got a file from a merchant New Year's weekend. Got app and banks quickly. Low revenue, but had $100k+ in the bank account in reserve. Sent it out on Monday (without the December bank statement). Tuesday got some rejections for Datamerch hits for fraudulent bank statements (which didn't surprise me too much). The merchant got the "same" report about the Datamerch hit (old company) and claimed innocence. I found out who the funder was who put him there and had an old rep contact them, requested to find out more information, figure out how to dispute the Datamerch hit, etc. Meanwhile, one funder said he'd continue working on it, please send the December bank statement. I did. On the same day, the merchant forwarded me an email from the very same funder who put the client on Datamerch (for fraud statements) that reached out DIRECTLY to his new email address, asking "just" for the December bank statement!!! I had sent this file to TWO funders that didn't include the Nov bank statement. EBF and one more (to remain nameless). What do you think happened here? The merchant had sent the file to lots of other places first and it was a coincidence? Leaky CRM at these two funders? Back door at EBF? BTW, the client backed down upon bank login and stopped contacting me. I looked him up, and he has an attempted murder charge several years ago. Datamerch hit was legit, for sure.
    10 replies | 1662 view(s)
  • FunYouMan's Avatar
    01-23-2023, 02:47 PM
    Anyone else experiance a slow month this January?
    12 replies | 1143 view(s)
  • GetCapitalNow's Avatar
    01-31-2023, 07:31 PM
    Hello, I have a merchant manufacturing electric bikes. Avg Rev around $45-50k with high daily balances over 20k. They are looking for 50-100k. Has a credit line with Revenued and Kabbage. The business start date is under 2 years I know 100k might be a stretch. Want to see if anyone would look into this?
    15 replies | 516 view(s)
  • sdf's Avatar
    01-26-2023, 11:23 AM
    let me know if youre fast and honest. the right terms gets this done.
    12 replies | 787 view(s)
  • arian503's Avatar
    01-18-2023, 08:51 PM
    Who is your go to lead provider? Looking for someone reputable that won’t sell me a bunch of trash!
    10 replies | 1238 view(s)
  • Robinhood21's Avatar
    01-18-2023, 07:42 PM
    Sent a file to rapid first week of January. Got a response declined for eligibility reasons Two weeks later I find out the merchant got funded for $110,000 by them !! What is going on ???
    15 replies | 992 view(s)
  • Dailyfrog's Avatar
    01-24-2023, 04:09 PM
    Dailyfrog started a thread No Fin in Merchant Cash Advance
    Who doesnt need financials for 1m deal 1st pos
    11 replies | 710 view(s)
  • thesinatraguy's Avatar
    01-08-2023, 06:44 AM
    Seeking others to join in a class action lawsuit against Square Capital in New Jersey. If you did not get paid on a deal(s) from this company then please contact us. Be governed accordingly
    6 replies | 1416 view(s)
  • fundfundfund1's Avatar
    01-09-2023, 02:32 PM
    Who funds canada deals? 600k rev seeking 200k
    12 replies | 672 view(s)
  • admin's Avatar
    02-02-2023, 04:05 PM
    Hey it's me again and a thread disappeared so you're probably mad about it, so here's the deal. There is a pervasive problem going around in which a scammer registers a company that has exactly the same name or one very similar to another company. The scammer then conducts its scheme under that name, knowing that victims will blame the real company, who doesn't know this is happening, instead. This has actually been going on for many years and has been well documented. The recent thread, now since removed, questioned unusual activity, albeit with very limited context. Nevertheless a company with a very similar name contacted us and expressed that such activity was an example of stolen identity that is already being pursued through legal means. They asked that it be taken down since it was not actually them that did it, but an alleged impostor, and the impostor's actions are being attributed to their reputation. As we are unable to ascertain the actual truth of the matter, the thread has been removed in the meantime, since such a scheme, if true, is not unheard of. I expect that you will be unhappy with the decision either way but in any case wanted to provide some transparency into why the decision was made.
    11 replies | 662 view(s)
  • wallerbusiness's Avatar
    01-17-2023, 03:49 PM
    Who funds paid off Defaulted Merchants.
    9 replies | 673 view(s)
  • Peak Solutions LLC's Avatar
    01-19-2023, 11:15 AM
    I have merchants that have been having issues with payments but have been approved for the ERC program, does anyone fund against the ERC and what’s the process and qualifications?
    7 replies | 913 view(s)
  • fundfundfund1's Avatar
    01-18-2023, 02:47 PM
    Who can fund behind a reverse, 1m+ revenue construction company
    7 replies | 863 view(s)
  • Jacob Cohen's Avatar
    01-18-2023, 03:01 PM
    Fnd Capital is looking to sign up with new Isos: We will fund anything if their is room $5k - $150k funding range All we need is Voided Check and Id to get a deal funded We pay Max Commission When other lenders are declining files for defaults, bankruptcies, open Judgements, I can give approvals! Contact me to start working together and we will turn bad paper into money. Jacob Cohen (516) 780-1095 Jacob@fndcapitalgroup.com
    9 replies | 820 view(s)
  • bj.funding's Avatar
    02-01-2023, 06:20 PM
    bj.funding started a thread Send deals!! in Promotions
    send all deals, Funding all deals including VA/CA text me for more info (917)830-3924 bj.fundin@gmail.com
    11 replies | 308 view(s)
  • davis3003's Avatar
    01-19-2023, 01:32 AM
    The merchant has an online store. Oct - 108k, Nov - $115K, Dec - $33k
    7 replies | 857 view(s)
  • FSB's Avatar
    01-18-2023, 02:31 PM
    FSB started a thread A trickey Situatioin in Deal Bin
    Well, here is a catch -22 situation. I have ice cream manufacturer that a number of months received approximately (80) Purchase Orders to supply their product in 850 Walmart stores. Back then they were dealing with a small co-packer that could not meet the time frame of the deliveries. Hence, the Purchase Orders were cancelled. Walmart has come back to them with an order for their 1400 stores with the products they want to purchase. The problem is two-fold. First, although they given them the order, totally approximately $1.2M, they cannot issue the purchase order until the client can produce the product. Now,the catch-22. They need approximately $400,000 to produce the product so the purchase orders can be issued. This is not a Purchase Order Finance deal, as the Purchase Orders have not been issued. However, when the Purchase Orders are released then the financing can resort to a restructure of the financing. The company has decent Tax return, although the current years have been problematic. Essentially,what they are looking for is someone that can take a look at the potential that this company can offer, and not so much on financials. The ice cream is a specialty that has patent. A full Pitch Deck is Available. Pleas respond to my email address at president@fundingsourcesforbusiness.com Howie Dane President Funding Sources for Business (847) 831-4118
    6 replies | 938 view(s)
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