Activity Stream
All times are GMT -4. The time now is 03:43 PM.
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Older Activity
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Today, 03:07 PMIve had 7 month 4ths with lendini for large deals. I only use them for large 4ths 3rds. I dont think they can beat anyone in the 2nd and 3rd space.
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Today, 02:11 PMAlways found a lot more success with EBF over Lendini. Def similar tastes tho.
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Today, 01:59 PMEverest is the best case I can think of, Who else is unironically on the level with Funding Metrics' Lendini at the moment?
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Today, 01:24 PMSent you a PM
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Today, 01:13 PMCloudsquare Broker (formerly BrokerSuite) is built on Salesforce, the #1 CRM in the world. Here is a quick video of the submission / offer management process - https://www.youtube.com/watch?v=K5t7Sv407tk We have also integrated with 15+ Lender APIs. https://debanked.com/2024/06/cloudsquare-unveils-game-changing-lender-apis-for-streamlined-submissions/ Book a full demo by emailing dmikhailov@cloudsquare.io
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Today, 12:30 PMSeeking brokers with 1+ years experience in the industry to join our NYC team located in Fidi NYC. We can offer fair splits, lead generation/sourcing , working hours are 9:30am - 6pm and and inhouse syndication platform to use at your disposal. You would also have access to a large group of brokers with over 10M+ in funding and a wealth of knowledge to learn and grow as a broker yourself. Feel free to DM if you have any additional questions, I would be more than happy to answer them for you!
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Today, 11:56 AMLeadProsper.io
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Today, 10:42 AMHello, Does anyone have any recommendations for a similar CRM/ Lead Flow Distribution application to Boberdoo.com? (preferably able to integrate with Zapier.) If so please email or call me using the below info. Best Regards, Nick De Jesus Meridian Leads 561-418-2043 nick@meridianleads.com
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Today, 09:08 AMhttps://visitor.r20.constantcontact.com/manage/optin?v=001SPMbSMElFv5LDYoHPXkMQC0C4o6-xdFRy0M4pcsFyQ_y90DesuuYyXidmoTQMsR-tNkOLwbg7Dtsg9okLMdX9eqNF3unHph8ZK3L0LloLjA%3D Not going to do a lot of good for somebody new though.
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Today, 08:24 AMI think theyre direct for reverses. I had a 15 month 12pt reverse with them some time ago and was paid accordingly.
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Today, 06:59 AMDo some research on the Coleman Report website. There are a ton of SBA resources on the site.
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Today, 12:37 AMIt's a lot more complicated than that....I do a lot of co-brokering for these types of loans and split commissions. You have to look at cash flow, DTI, projections, return on investment (impact on EBIDTA), collateral, etc. To get these types of loans funded does require a skill set outside of the MCA arena. You just can't say "I'm going to get a SBA to take out all this MCA debt." Reach out and I can give you some guidance.
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Yesterday, 11:44 PMI was looking for some intro's so I could get commissions
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Yesterday, 11:10 PMDo a search on the SBA web site for lenders.
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Yesterday, 11:00 PMThanks for that... I need SBA 7 (a), SBA 504 and SBA Express lenders!
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Yesterday, 10:48 PMIt doesn't work that way....I have 6+ SBA lenders and each has a niche....and program... Some 7A Some 504 SmartBiz can do up to $500K but doesn't pay a referral fee - just 2%
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Yesterday, 10:45 PMWho is the best/easiest SBA lender to work with? Props if you can make an intro
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Yesterday, 04:37 PMPM'd me Jack Musk jack@moskycapital.com 347-972-0400
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Yesterday, 03:54 PMAny time a merchant misses any payments within the stated clawback period, then, in turn, triggers said clawback. If it was before the commission was even paid out that is a huge red flag for lenders. You should be happy they said they would pay at the end and not just not pay it at all... Always make sure you read your ISO contract. And don't complain when you have a merchant who doesn't make his payments... especially the first few.
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Yesterday, 03:17 PMPM'd you Diana diana@ontapcap.com (929)566-7317
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Yesterday, 02:49 PMEven Coconut Funding is in the courts:v They are one of the largest scammers in the market!
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Yesterday, 02:15 PMSigned up with them earlier this year, solid funder for b to C paper.
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Yesterday, 01:46 PMIt looks like you made the correct decision here. Clawbacks are never guaranteed, especially from a one and done ISO.
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Yesterday, 01:30 PMAfter reading this.... well when I got to the fifth bullet point, the revelation was a cold hard slap... it makes perfect sense now. Obviously, it's very clear that, I mean, I now know why there was…. Ok I'm just going to say what everyone person on this forum was thinking, and what crossed all our minds collectively and simultaneously… The reason for this occurrence is because ... what...., oh..... My producers just informed me to cut the cameras and go to a commercial break. A word from our Sponsors: So if you're looking to place your hard earned dollars on a great lead provider, there’s a bunch of places you can go. For everyone else, there's www.dumbleads.com A word from our Legal Department: DumbLeads is an equal opportunity employer. Every employee in this office has taken one to the face at one time or another. Office violence knows no gender.
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Yesterday, 01:19 PMONTAP Capital is very reputable. I have been doing countless of deals on a monthly basis and they pay on time. I have a really good relationship with one of the partners. They deliver commission on time and also they are competitive with their offers. There seems like there was a misunderstanding between you and the rep. I am sure you will be able to figure it out with the team as they are understanding and NEVER run away from sending out commission. I look forward to growing big with them.
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Yesterday, 01:08 PMthe plot thickens... :grabs popcorn:;
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Yesterday, 01:08 PM- She informed us that she needed this money for personal reasons and made it clear to us that it would be very difficult for us to clawback on her if necessary. <----- wow, if you have literally zero buffer for clawbacks its time to just dust off a resume and get a job. Unreal. You can tell if someone is remotely successful just based on them exploding over what I guarantee is a small dollar amount
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Yesterday, 01:01 PMHi guys, Diana from OnTap Capital chiming in here. Here are the facts: - NEWCDAM has signed up with us recently, and this deal was the first and ONLY deal they've submitted to us. - The merchant started bouncing within the first 7 days of funding, which we caught on time and informed the broker about that, not the other way around. The day the bounces were caught was 1-2 days away from the day we were supposed to send the commission out. - My initial communication with the broker was "We need to wait a few more days to make sure the payments actually go through, then we release the payment. We need to wait until Friday" - On Thursday the broker starts verbally harassing us on the phone - My boss Jay got on the phone with her and tried to resolve the situation, by offering payment after 30 days with no more bounces. - NEWCDAM began harassing the rest of our staff, blowing off our phones, emails, threatening us with legal action. - She informed us that she needed this money for personal reasons and made it clear to us that it would be very difficult for us to clawback on her if necessary. Let's spin this around and turn this negative into a positive! - We are a direct funder, we are NOT white labelling - We fund in Canada and US, we opened in Canada originally in 2017 and expanded to the US just over a year ago. - We go up to 12 months, 500k per paper, A-C paper - We do 1st-5th positions Contact me to get signed up (or discuss this thread lol) diana@ontapcap.com (929)566-7317
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Yesterday, 12:57 PMsimonwein12 replied to a thread CRM Recommendations (Sales Force or Centrex) in Merchant Cash AdvanceLendSaas is the best. Not only because of the offers and underwriting, but mainly because of the deal tracking. I am able to initiate and track every single one of my ACH pulls thru LendSaas. Its directly integrated with my bank and ACH processor. It automatically tracks performance with all of the syndicator wallets for every single metric, as well as having a Syndicator/ISO portal. Absolutely blows Orgmeter away.
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Yesterday, 12:26 PMMCA Simplified replied to a thread CRM Recommendations (Sales Force or Centrex) in Merchant Cash AdvanceWe respect your opinion. As it is only an opinion. If you haven't seen our system, then we wouldn't compare.