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  • MarvelBusinessFunding's Avatar
    Today, 03:38 PM
    Yes I do see the benefit. I was aware of the OnDeck cut offs. Lendora stated how all the commission stuff would go in the email. I just did not know if anyone has experienced this process with Lendora.
    2 replies | 111 view(s) | |
  • Back Pocket Funder's Avatar
    Today, 03:37 PM
    Thank you , thought it was just me.
    6 replies | 549 view(s) | |
  • diditevenfund's Avatar
    Today, 03:16 PM
    OnDeck has cut off a lot of brokers for missing KPIs. If they are willing to help facilitate that and you do not have OnDeck, that can be good for you. Edit: However it should be very clear exactly how this will go commission wise, renewal wise etc in writing before allowing a partner to submit to another lender/funder on your behalf.
    2 replies | 111 view(s) | |
  • omegafund's Avatar
    Today, 03:15 PM
    I love Texas Land Deals We just funded a 11M refinance cash out and another 5M cash out. in 10 days. Depending on some details this should be an easy deal for our investors Just need a good appraisal on site visit /survey for funding. Rates depend on details of the borrower and project message me for details. Benjamin Zuniga bzuniga@omegafund.com
    5 replies | 197 view(s) | |
  • Olderguy's Avatar
    Today, 03:00 PM
    Reach out if you need help with this...I have a lenders who can do these types of loans.
    16 replies | 2679 view(s) | |
  • MarvelBusinessFunding's Avatar
    Today, 02:56 PM
    Sent a submission into Lendora last week and the emailed back stating if we would like the submission sent to OnDeck to resubmit the application with the merchants email and telephone number. Has anyone had any experience submitting to OnDeck through them? Seemed odd to us. Any information would be appreciated it.
    2 replies | 111 view(s)
  • simonwein12's Avatar
    Today, 02:27 PM
    The ISOS who focus on renewals make so much more money in the long run- The ones I have get special treatment.
    6 replies | 346 view(s) | |
  • commbroker's Avatar
    Today, 02:20 PM
    Yes, recently dealt with Private Commercial Capital and received the run around for a few weeks. William Borman (Managing Director) & David Pell (Underwriting Managing Director) are the two points of contact through two different email addresses: lender@privatecommercial.net and underwriting@privatecommercial.net. William Borman is constantly referencing his general parameters when requesting status of file, and when it came time for the underwriting decision by family loan committee...it was based on economic factors that were already known prior to issuing Letter of Intent (LOI), which should have never been issued. This private funding resource (which may not really fund deals) advertises incredible loan terms, which I've now realized are too good to be true. Myself and client are now upset that underwriting / due diligence fee of $3,400 is non-refundable, especially since due diligence in underwriting was not provided in its entirety. I do NOT recommend sending any files or wiring funds to this outfit portraying themselves as a private lender, since their reason for denial was very generic boilerplate feedback that can be provided on any file, and not specific to our project. We've learned a hard lesson from this experience, and hope this post helps to prevent others from going through a similar experience.
    16 replies | 2679 view(s) | |
  • diditevenfund's Avatar
    Today, 02:05 PM
    Nothing? Dont see any reason a broker needs ACH processing.
    6 replies | 346 view(s) | |
  • J.Celifarco's Avatar
    Today, 01:26 PM
    what he said. Agree 100%
    6 replies | 346 view(s) | |
  • Fundholio's Avatar
    Today, 12:55 PM
    What else would a broker use an ACH processor for?
    6 replies | 346 view(s) | |
  • diditevenfund's Avatar
    Today, 12:48 PM
    No, we all do not. Some of us see the value in renewals over a PSF.
    6 replies | 346 view(s) | |
  • TopCapital's Avatar
    Today, 12:06 PM
    all brokers need is a platform for PSFs can you do that?
    6 replies | 346 view(s) | |
  • dave.kirk@vericheck.com's Avatar
    Today, 10:08 AM
    Hello Funders and Brokers - As most of you know, ACHWorks has been partnering with Funders for years to process their ACH needs. We started with just doing the daily draws. Then we found how to pay the syndicate partners with credits, and now for a few years, many funders have been using us to fund deals by using Same Day ACH credits. We believe in ways to help. One area we have not been able to help to this point, is in helping MCA brokers. I am willing to listen to serious, grounded, professional brokers tell me how we could possibly help them, while being competitive in the market AND covering the risk in the Broker space. Let me make this clear, should we ever initiate this service, the vetting would be strict. So, NO COWBOYS please Anyone want to talk? Dave Kirk ACHWorks National Sales Manager dave.kirk@vericheck.com
    6 replies | 346 view(s)
  • diditevenfund's Avatar
    Today, 10:08 AM
    $10k to run AI calls/texts on some random non opt in data? If they suggested that was a good idea to you, that says enough about them
    6 replies | 549 view(s) | |
  • ONEFUND's Avatar
    Today, 09:46 AM
    Ok, so what I got from this is do not touch lexicon data with a 10 foot pole.
    8 replies | 1310 view(s) | |
  • ChristopherParks's Avatar
    Yesterday, 10:56 PM
    Have never made money on their data, but have lost money. Gave them $10,000 to do an AI Lead Gen program thru a Rep and Kevin BIG CHEESE got involved, they did NOTHING for me. ZERO. They actually told me they would give me a "make-good" on it...NEVER DID. This is a consistent pattern, just worn-out data. I met with the team face to face in FL a few years ago, all nice people. I will not buy the data unless someone shows me an exceptional pattern of WINS. Be careful.
    6 replies | 549 view(s) | |
  • Olderguy's Avatar
    Yesterday, 08:12 PM
    Belongs in promotions Adhere to the rules there Address, etc.
    2 replies | 249 view(s) | |
  • Griffinferro's Avatar
    Yesterday, 05:59 PM
    Great people to deal with. Commissions always on time Flexible on offers Been funding with them for over a year along with participating on deals. Never had any issues
    2 replies | 249 view(s) | |
  • Robinhood21's Avatar
    Yesterday, 05:29 PM
    Top line guy phone number 917-504-6777 he goes by Adam or Jeff
    11 replies | 2433 view(s) | |
  • abfunders's Avatar
    Yesterday, 05:18 PM
    Can anyone call Santander Bank and get their account shut down?
    11 replies | 2433 view(s) | |
  • FLORIDAMAN's Avatar
    Yesterday, 05:16 PM
    seen Topline 4 times just today in deals doing things like this, insanity
    11 replies | 2433 view(s) | |
  • abfunders's Avatar
    Yesterday, 05:13 PM
    We got another one, but it's a good ending this time! They'll probably see this, but I'm proud of it! The client called me after the funds hit the account, but before they sent the entire RTR back. Topline Pro LLC was the funder this time. We saw the Santander Bank account. Then we told them about the criminal case in the Southern District of NY and they high tailed it and let the merchant return the principal that was sent. PHEW. I'm glad this thread saved somebody!!!! When I commented on this post a month ago, this was after $14k was stolen. Unfortunately, that client had to go out of business (shut the doors entirely) before they could get out of the mess (a $14k hole is almost impossible to fill fora a new business), and Topline messed over 2 other funders as well.
    11 replies | 2433 view(s) | |
  • blizzardfunding's Avatar
    Yesterday, 04:52 PM
    Hello Brokers, Are you looking to partner with a direct funder that understands your needs and rewards your efforts generously? Look no further! Ace Partners, a seasoned player in the MCA industry since 2016, is now offering partnership opportunities that set you up for success. What We Offer: Funding Range: $5,000 - $100,000 Flexible Terms: High-Risk funding as short as 40 days, A-C Paper for up to 52 weeks. Buyouts: We offer buyouts if the merchant nets 50%, and the new payment is atleasty 20% lower than the payment(s) being bought-out Positions: Funding from 1st to 4th positions, ideal for merchants with an MCA payment history. Commission: Earn a 10% commission on each deal you bring to us. Syndication: Increase your cut with up to 50% syndication available on every deal. ZERO UNDERWRITING OR ORIGINATION FEES! With years of brokerage experience, we understand merchants can be picky. To make our offers more appealing, we NEVER charge the merchant any fees. NONE! Even on high risk deals Ready to Partner with Us? Call ISO Department at 6315121843 with inquires and we will happily send you our complete guidelines!!! Send all deals to submissions@acepartners.net Best Regards, Conor and the Ace Partners Team
    2 replies | 249 view(s)
  • admin's Avatar
    Yesterday, 04:43 PM
    admin started a thread Why was I banned? in Promotions
    You don't have a working website and you solicited deals = banned You used a free email to solicit deals = banned You don't list a real (full) address on your website and you solicited deals = banned You're selling full packs, banks, socials, etc = banned
    0 replies | 98 view(s)
  • PopCrumbs's Avatar
    Yesterday, 03:19 PM
    Data is becoming a tough game to play in. Carriers block a lot of things you never see or realize. You can dial and never ring on all ATT phones and not know it. If youre buying data and you're having issues you should consider if its mobile or landlines you're calling. If mobile you might be blocked by a carrier. In the mobile space 3 companies control 95% of the phones, in the landline space there's dozens of providers so being blocked by 1 mobile carrier hurts more than one landline provider. Most people have a crossroads to pick. Stay with data and fight the carriers and merchants who don't want the calls or work optin leads and show good behavior to the carriers and they will let you ring on the other end. People are annoyed at telemarketers its only a matter of time before the practice dies out in favor of another process.
    6 replies | 549 view(s) | |
  • Paz's Avatar
    Yesterday, 03:13 PM
    Paz replied to a thread Under 600 fico in Deal Bin
    Hi there, We'd be happy to explore potential options with you. Contact me directly with more details about the merchant? This will help us determine how we can best assist you. Looking forward to hearing from you soon
    11 replies | 937 view(s) | |
  • Paz's Avatar
    Yesterday, 03:11 PM
    Paz replied to a thread Software Looking for 50-70K in Deal Bin
    Hi there, We'd be happy to explore potential options with you. Could you please provide more details about the merchant and your current financial situation? This will help us determine how we can best assist you. Looking forward to hearing from you soon
    5 replies | 856 view(s) | |
  • Back Pocket Funder's Avatar
    Yesterday, 03:07 PM
    Great question to ask. I made this post since I've given them multiple opportunities and the data is sub par every time. I fund using multiple data sources but the data they claim is so HOT is so NOT. Not trying to bash anyone, just want to see if anyone had different experiences.
    6 replies | 549 view(s) | |
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