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  • michaelh's Avatar
    Today, 06:28 PM
    I have a customer with a UCC filed by CT Systems with no lender. - Does anyone have a number at CT corporate systems to track this down? Mike
    0 replies | 1 view(s)
  • xhuljo's Avatar
    Today, 06:10 PM
    xhuljo started a thread Acquisition loan in Business Loans
    Client looking for a unitranche or mezzanine loan for business acquisition. Business Overview: Location: Atlanta, GA Industry: Retail – Liquor Store EBITDA: $488,000 Inventory Value: $650,000 Loan Request: Amount: $1,000,000 Inventory Financing: 50% Loan-to-Value (LTV) on inventory Equity Contribution: $400,000 The requested mezzanine loan will be used to facilitate the acquisition of the liquor store, which has demonstrated strong financial performance and possesses a solid market position in the Atlanta area. The store's EBITDA of $488,000 reflects its profitability and operational efficiency. In addition to the mezzanine loan, client is committing $400,000 in cash as an equity contribution towards the acquisition. Given the substantial inventory value of $650,000, we are also seeking additional financing with a 50% LTV ratio on the inventory. This combined financing approach will provide the necessary liquidity to support the acquisition and ensure smooth operations post-acquisition. Any lender willing to look at this please email at mail@fastfinancing.org
    0 replies | 5 view(s)
  • phunder's Avatar
    Today, 06:08 PM
    All different EINs, all same biz type (medical). FICO is 740 but TIB is just under 2 years so SBA isn't super realistic. Rev is solid, not looking to add another position but hoping I can get a reverse offer.
    6 replies | 104 view(s) | |
  • eman_pin's Avatar
    Today, 05:07 PM
    These people deceived my company into making us think they were direct lender. If you want to get your deal shopped go with them. Jarret Wietz is a liar and a deciever.
    33 replies | 14992 view(s) | |
  • Zonefund's Avatar
    Today, 04:53 PM
    Are they all different eins? Are they all different biz types?
    6 replies | 104 view(s) | |
  • Cash Advance Kid's Avatar
    Today, 04:45 PM
    Is revenue down? seems like they need to use their reconciliation provision, not take another position.
    6 replies | 104 view(s) | |
  • SBF's Avatar
    Today, 04:44 PM
    How long is TIB, what is the industry and what is the Experian FICO score?
    6 replies | 104 view(s) | |
  • JasonBishop's Avatar
    Today, 04:43 PM
    Cheers to you. Hopefully no one got fired today. Keep up the great work. Follow for a Follow MK! https://www.instagram.com/leadtycoons
    47 replies | 91325 view(s) | |
  • phunder's Avatar
    Today, 04:39 PM
    Merchant has none of those unfortunately, also has too low TIB to pursue an SBA 7(a) loan. As things look right now, reverse seems to be the only options here.
    6 replies | 104 view(s) | |
  • Olderguy's Avatar
    Today, 04:37 PM
    Does your client have any assets to do ABL? equipment free and clear? Real Estate with equity? 4 positions in multiple entities - he needs to hire a remote CFO.
    6 replies | 104 view(s) | |
  • Olderguy's Avatar
    Today, 04:32 PM
    Try these: Menachem at Caplitalize Group at 347.519.2822 - Marcus at Capaybara 561.404.1674
    3 replies | 59 view(s) | |
  • PopCrumbs's Avatar
    Today, 04:10 PM
    Are you following us on Instagram? https://www.instagram.com/we_grow_businesses/
    47 replies | 91325 view(s) | |
  • Yankeeman07's Avatar
    Today, 04:07 PM
    Found is a financial technology company, not a bank. Banking services are provided by Piermont Bank, Member FDIC. If the business accepts credit cards - split funding may be an option.
    3 replies | 59 view(s) | |
  • phunder's Avatar
    Today, 04:01 PM
    Hey guys, Have a merchant with multiple related businesses. Has 4 positions across all of them. His cashflow is taking a beating, and he's extremely interested in pursuing a reverse. The problem is, each position is under a different entity. Would any reverse lenders touch this?
    6 replies | 104 view(s)
  • Zonefund's Avatar
    Today, 03:46 PM
    I know nexi will do it after they see no disbursement for a week (funded a 300 and change deal with them like this), but they provided new money (it was a low amount. Not 85k). If he wants 85k, imo, go to silverline and nexi from my exp doing this, get it approved, ask the max $ amount you can stack since he needs $ and if they'll still reverse pending bank balances. If all else fails theres a ton of funders that'll stack a side account. 85k would be a lot but its a 5th so im sure you'll get close to it.
    5 replies | 106 view(s) | |
  • abfunders's Avatar
    Today, 03:44 PM
    https://www.teslarati.com/hackers-demand-massive-ransom-as-cyberattack-plagues-auto-dealerships/ One of the main backbones of anything that has anything to do with cars has a $50mm ransom they might need to pay. They got hit with a massive ransomware attack. You might want to be careful funding any of them, or from the other angle, you might want to give them a week before you start payments, since they might NEED the extra cash now!
    0 replies | 30 view(s)
  • JHG's Avatar
    Today, 03:23 PM
    We can take a look, email me. Diana diana@ontapcap.com 929-566-7317
    3 replies | 59 view(s) | |
  • Mikefunds's Avatar
    Today, 03:23 PM
    No, he just wants more capital now and wasn't aware it busts the reverse. I told him I'd help get him into the same, potentially a little better of a reverse than what he currently has after we fund. He's not super deep into term on his current one, so he's not left with a huge chunk from them. I sell deals straight up, no LOC garbage. This is an 85k deal as a 5th position, he doesn't listen to BS
    5 replies | 106 view(s) | |
  • ThePlan4You's Avatar
    Today, 03:19 PM
    I have a merchant who banks with Found (an internet bank). Are there any lenders who accept this type of bank?
    3 replies | 59 view(s)
  • diditevenfund's Avatar
    Today, 03:14 PM
    sounds like a bunch of turds that need some jail time then.
    6 replies | 393 view(s) | |
  • abfunders's Avatar
    Today, 03:08 PM
    They are definitely Hybrid, and you see them in the most of the bait & switch 30-day deals
    6 replies | 393 view(s) | |
  • Zonefund's Avatar
    Today, 02:57 PM
    That seems to be the only way to close this.
    5 replies | 106 view(s) | |
  • Zonefund's Avatar
    Today, 02:56 PM
    Hes pitching something on the back end. A crazy refi. Loc. Term loan. How else would it make sense even if its a 10% increase in reduction for the merchant to take a new reverse, and, have the current reverse continue to debit them?
    5 replies | 106 view(s) | |
  • NeedmoreISOS's Avatar
    Today, 02:42 PM
    If you looking to sign up with them I would avoid it. Are you searching for new funders? I would like to know if that's the case here. Depending on the deal size & position I can point you in the right direction.
    6 replies | 393 view(s) | |
  • Loyola's Avatar
    Today, 02:36 PM
    Loyola Media has been providing MCA leads since 2016. Our clients are looking to MAXX out their efforts prior to the July 4 holiday . We provide the following 24hr-7 day MCA 24 hr-30 day MCA 60-90 day MCA cell or email High Revenue 50,100 and 200k plus CJ Flaherty www,loyolamediagroup.com https://www.linkedin.com/in/cjflaherty/ 781-690-5077
    0 replies | 29 view(s)
  • Bscs's Avatar
    Today, 02:30 PM
    Same people as Hybrid Advance... I wouldnt trust them based off my experience.
    6 replies | 393 view(s) | |
  • abfunders's Avatar
    Today, 02:27 PM
    Is the original funder not willing to continue? Or are you trying to get the commissions on the deal from the other ISO by getting a better deal? (Legit business model, but it does help to understand the background.)
    5 replies | 106 view(s) | |
  • Mikefunds's Avatar
    Today, 02:10 PM
    Need someone to take over a reverse for a merchant in California. Withhold is right around 30% range with new funding he is looking to do. Does anyone do same week, or immediate take over? The only eligible funders I've talked to (Cali) say they have to wait 2 weeks before taking over from last disbursement. We have ISOs with most known reverse lenders, didn't know if anyone else would be willing to go in. Would be around half a million reverse. Any input helps, thanks.
    5 replies | 106 view(s)
  • JonathanHendrix's Avatar
    Today, 02:08 PM
    I'm always open to hear about a funder and how they operate. Doesn't mean I'm going to sign up with them and most of the time I don't. Something about them just interested me a little so figured I'd ask around.
    3 replies | 129 view(s) | |
  • Yankeeman07's Avatar
    Today, 01:48 PM
    I know the domain and the individual that owns the post. He did not include the domain name in the post for his own reason(s)
    2 replies | 61 view(s) | |
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