Activity Stream

For those of you who are unsure how real-time reconciliations work and how the benefit the merchants please watch our explainer video here.. https://fundkite.com/real-time-reconciliations-work/ happy to answer any questions.

Who looks at bad files under 20k?

Hey, I got 3 deals that need to be funded and they are considered low risk, but I need a deal that makes sense for these clients. The 3 clients have good bank statements but a 50k deal in which they have to pay 1k a day is not going to work. Who can get these clients the funds with a stellar rate of return? I need someone that is good at responding in a timely manner with a track record of getting deals funded. Thank you Samuel 406-282-1404

This is interesting.... https://www.theverge.com/2024/6/17/24180196/adobe-us-ftc-doj-sues-subscriptions-cancel ​I personally know people who came into the industry, got their Adobe subscription, left​ the industry, and were stuck holding the bill​ without realizing it. Since even before the 2000s, I never ​s​tayed away from Adobe Acrobat, they were known to have the biggest security leaks and major RAM hogs (on my ​16mb of RAM in Win95). ​T​hings are obviously better now, but I have been using GIMP for image manipulation and I purchased in the one-tim​e FoxIt​PDF license (2 times, once for v10, ​recently one for v13), and I use SignNow for my eSign platform​, paid yearly. (DocuSign is way overpriced IMHO.)

I've heard of shops paying anywhere from 20% to 60% commissions to reps/closers on deals funded. What, in your professional/experiential opinion, is a "fair" commission split for experienced, high-performing reps?

Whats up everyone, My team is currently handling over 25 fresh applications daily. Compared to the past few years, we're seeing some significant changes in the industry. It's almost impossible to get funding for first-time applicants unless their files are spotless. Funding for trucking is nearly nonexistent, construction financing is very limited, there are more restrictions based on state locations, many default files, and trust issues with backdoor dealings are on the rise. Just last year, about half of these applications would have received offers. What's your perspective on the current state of the industry and the direction it's heading?

Funded a file With Everest twice over the course of 6 months for 25k both times Both were new deals and not a renewal. Ana M. Del Rio from Everest "Refinance Dept" Reached out to the merchant Asking if they were looking for more funds and did another 25k deal directly with the merchant. Merchant has his statements sent to me every month and I noticed that EBF funded . Just got off the phone with Everest iso support asking for my comm on this file and they said that any deal that is funded with EBF directly is their file and since they took the risk funding the file they are not going to be paying comm here. Safe to say I will not be working with EBF anymore if anyone would like to see screenshots of EBF reaching out and funding the file please PM me

Business is super well qualified, had some good offers on the file in the past. Looking to get him some more money at a higher $ amount. Not sure who the best lender to send this out to is. 700 Fico 900k in rev.

Hi. Are there any longers that accept business owners with ITIN's?

Who are the funders that are willing to cross collateralize different entities?

We are looking to sign up with the best consolidation companies in the space , Pls share with me best reverse consolidation names? if you have a direct contact pls share as well Thanks

Hello all what are your thoughts on family funding group? Experience with them?

Any one do these type of deals?

I have several files in this box that need a home, including some with lower credit profiles. Does anyone typically fund these types of cases? It would be great to add to our list of lenders. Additionally, if anyone funds VA loans, we have a few of those as well. Please comment below if you can assist with any of these files.

G&G intoduced themselves to us as a consolidation companies, everytime my merchant signed a contract then there underwriting team disappears and communication is horrible and i am not sure if they take reach out to my merchant directly and sign him up or not ? so pls advise if they are a legit funder or not ?

Hello ISO'S we are offering a July special for all new iso's that sign up with Electra Funding in July. All first deals funded together will receive a 15 point commission. Our submission process is simple. Please send all files to our submission's email subs@electrafunding.com with 3 months of recent bank statements. Offers will be sent back within the hour only stips needed for contracts are DL and VC. We fund positions 1st-10th and prior defaults as well. We fund all industries. Looking forward to working with you all thanks have a blessed day. Best Regards, Sam Roth| Managing Partner Email: Subs@Electrafunding.com Phone: 516-757-8601

Who can fund a deal, TIB is 7mo, LLC doing around 100K a month in business, balances decent, no negative days, 1-2 days low. The sell heavy equipment and auto parts, looking for inventory, credit 660.

can you please guide me through the best line of credit or business credit card funder in the space ? i used to deal with individuals in this business section but its not helpful and i need to deal with a legit entity , pls recommend some

It's been years since we got back doored but yesterday we did. Two scumbags (below) texted my client with a photocopy of MY APP, offering the world ($995K, 1-year interest free, 8-12% APY). When they only qualified for $100K or so. We lost all trust with the client and had to go into damage control. Such a shame. While I won't throw the lender under the bus, I have a pretty good idea who leaked it. I'll spare the lender because I don't know for certain it was them, and it could have been a rogue employee. Anyway, here are the scumbags who reached out to my client. JAY WESTON - CENTURIAN CAPITAL - 1-848-466-5152 (roto-dialer) "SCOTT" - TOP TIER CAPITAL - 1-347-525-1262 (iPhone) LOSERS

Hello all i have a client grossing 12 million a year needs 500k 680 fico been in business for at least two years jt@Atlasinvestmentsinc.net

Have any other brokers ever had any issues with funding through Instafund?

For me last shabbos, the local mashgiach was staying over so before we went to the rabbis we got drunk and I put him on the dialer to call merchants! He got managed to get a couple subs in too!

What would you do ? I have a merchant who owns a few surgical centers. Rev between their accounts is $2-2.5mm with $7-8 mm in AR Merchant has approx $1.7mm in mca debt and **** credit. Wants to get rid of his mca debt potentially using his AR but if using a factoring company , their ucc would need to be subordinate, which no one is okay with. No SBA and doesnt want to use property...yet. So im dead in the water I think What would you guys do ? Any direction you guys suggest I look into ? Thanks

Please let me know if anybody can assist with this. What I need are Direct funders of commercial loan for New Construction, commercial and residential, Existing Business acquisitions up and running, Equipment new and used. I have several deals: 1.- It is the purchase of a Concrete Plant Cement Plant for the amount of $6.5 Million 2.- Land Owners Free and Clear new construction loan for an office complex for $4,750 Mill 3.- Construction of a Park for RVS, they own the Free and Clear acres with a value of $1 Million, they need $3 Million for the construction of the same 4.- Another of land financing, for its purchase and refinancing they have enough capital and liquid to put up to 50% down payment if necessary 5.- Lines of Credit for Existing Businesses

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.

Can you share with me your experience with Centrex and their pricing as well ?

Currently looking at on-boarding with Dakota. Was just wondering what companies other brokers are using

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?

Who funds 1st on trucking ? 200k average rev. Strong balances, 13 units on safer Need a good deal on 40-50k good term. Credit about 650

what are your thoughts on Thriveway? does anyone have a contact number for them ?