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Broker or actual Funder?

I wanted to relay a personal story reguarding the companies listed above in hopes of having others fall for this scam. I was contacted by Brandon from Elite in late October and told that they had me approved for a $200K term loan, but due to my limited business credit, I needed to do a deal with Stone Street in order to qualify for the $200K Fast forward to Febuary, Brandon called and said that they were ready to do the $200K or, if I agreed to do a second deal with a different funder, they would increase the amount to $375K. He stated that I would get $9000 and payback $16000 via wire transfer the next day, they would then do the $375K the same day. I even told the funder all of this on the funding call. I have all of this documented via email. I did as he instructed and paid a seperate $2500 loan fee via ACH. It has been almost a month and I was just informed by Aaron at Elite that my file was not approved for a term loan. He told me Brandon doesnt work directly for him, even though his email has an Elite Advance signature and .com address. These guys have basically stolen $9500 from me. I have filed a police report and a report with the FBI. STAY AWAY!

Is Adventure still doing deals? It seems like they are either just white labeling deals or backdooring them. They take forever then overstip and then never get anything done.

Anyone notice a significant decrease in submissions last few weeks? Wondering if its an industry thing ?

Hi All, Coming from the traditional lending world where first position is king, I'm lost as to why first position seems to be undesirable and many seem to start at second. What's the issue, what's the risk? Why is coming in behind someone else more desirable than not? TIA.

OK so I funded a deal. Have all the proper CC processor paperwork and have sent UCC to CC processor after merchant R08d me. How long will it take to get funds on average?

If SBA loan declines a merchant, is there a term loan with less requirements ? construction business credit scores = 670 - 680 monthly avg. = $145k looking to consolidate all or partially debt to lower monthly debt = $ 14k monthly seller financing private loan = $ 150k mca position = $ 15k total debt = $ 165k

1m-$2m/month. 700 credit. 1st position. $200K-$300K Average daily balance BUT one default in 2024. Has been paid in full. NOT settled. Paid in FULL. Merchant claims he doesn't know why they filed. Seeking $500K 60w 10K/week. Who wants this?

Hello, well-reputed ISO here, looking to sign on new A-C paper lending partners that have specific capabilities -- We submit all kinds of deals, but below are specific gaps we're looking to fill. 1) Can fund 1st's in California & NY (fund Cali in general, but 1st position in Cali is highly needed) 2) Can fund in PR 3) Can fund non-citizen / no green card (in the proper circumstances) 4) Will fund SPANISH SPEAKING business owners 5) Still fund clean trucking , particularly 1ST Position Trucking We DO a light background check on new lending partners We DO NOT engage in any sort of carroting, bait&switch or unethical practices We DO provide references if needed. Look forward to connecting with you.

Merchant has been in business 10 months, looking to get 100k in funding. Who can do this?

Any legit lenders out there that can fund Novo accounts?

I have a large database of merchants who do $20MM+ and are typically looking for multi-million dollar programs. I'm searching for reputable companies that do larger sized deals on longer terms with reasonable sell rates. The usual suspect lenders cap at 12 months or so, and some of these borrowers have a hard time with a $70K weekly payment. Who is out there that handles this type of a deal?

Why won't funders fund some banks like Novo, Bluevine etc?

Hi All, I have situation I would like to get some advice on. For transparancy sake, I want to let everyone know that I am the merchant. I have a faily robust business with revenue in excess of $100K per month. About 2 years in business. I runs a firearms business and have fallen for a couple of scams in the MCA space. Basically the promise of a line of credit / large term loan in after doing a performance deal. One even had me take a $10K deal and wire the payoff the next day with the promise of a $375K traditional loan. There are about $75K in MCA balances split up among 5 places. The bottom 4 balances are about $30K total. I need to find a way to consoldate all of these and get some additional capital for inventory. I have a background in the consumer finance space and didnt think that this world was so tricky. If I would have done this type of stuff in the consumer space, I would be in jail. I am looking for a bit of a lifeline. I am getting called by anyone and everyone and dont know who to trust. I have been lurking here for the past week or so and have seen that some of you seem to be straight shooting, trustworthy individuals who care about the integrity of your industry so I thought reaching out in advace for advice might help me wade through the BS. Thank you in advance

What company does everyone use for these?

💬What’s the one thing you wish your MCA funding partner did better to help you close more deals? Speed? Transparency? Higher approvals? Drop your thoughts below—I’m genuinely curious and want to hear from you!💬

Merchant has $20m in A/R (gov contracts). Signing another $50m-75m this month. Who can lend on this? Already tried a majority of the big factors. Construction/development

Merchant is based in California owes $4600 to cfg and just paid off bitty recently. Grosses about 11-14k a month credit is high 500s has nsfs here and there. Had an offer with another iso for $3200 and turned it down because they didn't like industry after deep diving into it. He does consulting and analytics for mortgage/real estate industry any bites here looking to get this done today?

I've had clients that defaulted in the past and paid off the lender, some where paid off recently and some others years ago. Is there such a thing as a lender who funds previously defaulted files?

Hi All, I had an individual reach out to me today stating that they were from Biz2Credit and offered me a $75K line of credit at 2% per month. I just needed to send him $2500 through Zelle to cover the "upfront fee" I reached out to Biz2Credit and confirmed that they do not offer a LOC product and do not require upfront fees. I forwarded all of thier information to Biz2Credits legal department.

Best funder for used car dealership? $400K Monthly Average Website with Inventory Floor Plan Provider in Place TIB 11 Years 580 Credit Score Your input is greatly appreciated. Thank you in advance, Mike info@completecapitalnetwork.com

Who is doing SBA 7a for transportation (delivery service)?

Hey guys, Tough Pitch - But does anybody know anyone who would consider Currency Xchange?

loan amount: $1.2M LTV: 75 refi C/O credit: 765 property use: residential rental income proof: Bank statements ISSUE: The prelim report shows: Property use: Retail stores (personal services, photography, travel) Land use: Retail stores (personal services, photography, travel) Zoning: Commercial The first floor was a hair salon converted from residential by the previous owner and re-zoned to commercial. The new buyer removed all the hair salon chairs and converted first floor back to residential. Yes, the area is mostly residential.

Hi, Im looking to find some cash for a non biz owner with 700 credit score making 8k per month. Owns a house but only 10% equity at 6 %, so the house is out.

Looking for Updated Puerto Rico Funders List Thanks Mike

Anyone have recommendations for a platform to blast text on?

Ok this customer loves online banks. He is using Vero now. Years ago he switched to online and ended up on Datamerch because the funders then freaked out about weekend deposits and credit card deposits on the weekend which happens on online banks when you use their processing services. Any Ideas? Mike

Dear ISOs, Panthers Capital is now accepting new ISOs! We are a dynamic and reliable funding partner committed to providing competitive deals, fast approvals, and strong support for our ISO partners. If you're looking for a funder that prioritizes transparency, speed, and long-term partnerships, let's connect! For more information, reach out today: Paola Ruiz Paola@pantherscapital.com +1 (561) 800-8004 www.pantherscapital.com