Need a Funder or Vendor? START HERE

Activity Stream

All times are GMT -4. The time now is 07:40 AM.
Filter
Sort By Time Show
Recent Recent Popular Popular Anytime Anytime Last 24 Hours Last 24 Hours Last 7 Days Last 7 Days Last 30 Days Last 30 Days All All Photos Photos Forum Forums Articles Articles Blog Blogs
Filter by: Popular Clear All
  • SendDocsPlox's Avatar
    03-05-2024, 01:06 PM
    https://ag.ny.gov/press-release/2024/attorney-general-james-sues-large-scale-predatory-lending-operation-targeting Thoughts?
    51 replies | 100253 view(s)
  • Richr7az's Avatar
    03-01-2024, 11:13 AM
    Looking For a MCA funder with an aggressive early pay discount. CA based jewelry manufacturer doing approximately $250k/mth in revenues, looking for a $40k MCA behind a $53k Shopify Loan and a $27k Paypal loan. Company also has a $480k SBA Loan and a $90k Bank LOC in place. Company will most likely payoff this MCA within 30-45 days - the primary reason for an aggressive early pay discount. Full submission package ready to go Let me know if you can fund this Rich Rose Rich@rainstarcapitalgroup.com 602 309-1007
    18 replies | 8618 view(s)
  • hardrock's Avatar
    02-27-2024, 08:34 AM
    I am looking for a couple of lenders that funds quickly and pays commissions quickly. I have a couple of things coming in. Email me: info@NovaLendingSolutions Thanks.
    18 replies | 6751 view(s)
  • JustInCase's Avatar
    03-20-2024, 06:26 PM
    I called an ISO shop today about becoming an independent referral partner they constantly post traditional this, that and everything on fb. They have a lot of great google reviews regarding their traditional "banking" services and also do a lot of MCA they say. Anyway, I asked about the bank line of credit and was told they have friends in banking positions they refer qualified merchants to letting them keep whatever fees they make originating the lines through bank for themselves while the ISO is charging another 10% of total line off the line itself when funded by way of ACH/PSF. Is this legit? Might be idk. Is it legit as well to be charging PSFs for regulated bank related products without a license etc? It was out of the box to me just trying to see if legitimate in general.
    21 replies | 6669 view(s)
  • ENODCAPITAL's Avatar
    02-27-2024, 03:37 PM
    Hello everyone first post here Looking to sign up iso's with good history in the industry must have a few reference's to vouch for you Currently funding all industries except for trucking Not funding CA or UTAH Minimum revenue 50k a month Terms 70-140 days Time for approval under 10 minutes Let's hop on a call 347-946-8768 submissions@enodfunding.com
    12 replies | 3899 view(s)
  • freeprocessing's Avatar
    03-25-2024, 02:33 PM
    Who does not require a personal guarantee or would make an exception on a deal by deal basis.
    20 replies | 810 view(s)
  • Johndough's Avatar
    03-06-2024, 06:39 PM
    As a write this a buddy of mine just got turned down by metropolitan when he told them that he planned on using the account to FUND
    10 replies | 1697 view(s)
  • Friendly funder's Avatar
    03-12-2024, 04:47 PM
    Looking for a good B-C fuder? Theese guys have done great stuff for me Pathway funding - Subs@pathwayfunding.com 80-120 days SUPER QUICK SUB TO FUND LESS THAN 2 HOURS
    12 replies | 1720 view(s)
  • Robinhood21's Avatar
    03-21-2024, 09:24 PM
    Anyone know of Funders who fund merchants with bad background?
    12 replies | 1105 view(s)
  • Mexican Funding's Avatar
    03-20-2024, 02:09 PM
    I have an offer from LENDR for 12 months right now but they are requesting a green card p- Who can assist with this file ? Pizzeria in California does $65k per month My offer with Lendr is $40k 12 months
    13 replies | 881 view(s)
  • SimonFunds2025's Avatar
    02-27-2024, 04:16 PM
    who will fund previous defaults text me at 646 202 0095 or anthony@simonsaysfunding.com
    6 replies | 2148 view(s)
  • skideeppow's Avatar
    03-14-2024, 06:15 PM
    skideeppow started a thread Consolodation in Deal Bin
    Hi, I have a merchant took around $350k in advances, balances are close to $200k. he is making weekly payments of around $14k, banks are ok. He wants to consolidate to try and get his payments lower. I have been funding this merchant for over 15 years, and I syndicate or do 100% of the funding myself. He has no real estate to leverage. Let me know if you have any suggestions.
    8 replies | 1383 view(s)
  • Robinhood21's Avatar
    03-07-2024, 07:18 PM
    Have a construction merchant making 800k- to 1 mil a month good daily ending balances over 7 years TIB can't seem to get a decent over $150,000 best offer i have is $150,000 1.23 12 months who can assist here (someone reputable)
    9 replies | 1401 view(s)
  • guap's Avatar
    03-05-2024, 11:40 AM
    To all my experience folks out there. If you were starting fresh today with no contacts how would you get started? What daily actions would you take to see your pipeline full in say the next 60-90 days? Thanks!
    10 replies | 1041 view(s)
  • FunderBill's Avatar
    03-06-2024, 09:05 PM
    Hello, Does anyone have any good recommendations for A paper lenders that work with newer companies that also fund first position with flexible terms. Any suggestions are appreciated. Thank you
    7 replies | 1578 view(s)
  • Incbiz440's Avatar
    03-05-2024, 04:49 PM
    Open ended question - for your mid-risk clients, what non-bank lenders offer terms or LOCs with monthly payment options? As someone relatively new to brokering but not business lending, this seems to be the gap I'm having the hardest time filling. *And with an ISO program that is reasonably interested in working with independents or small shops.
    8 replies | 1348 view(s)
  • Funds4u's Avatar
    03-22-2024, 11:12 AM
    which funders?
    10 replies | 494 view(s)
  • Mynameisbob's Avatar
    03-22-2024, 04:11 PM
    Literally I sent 2 deals to test out, and I start getting hit up by Dynamic Capital. I only sent them the file and put my number on the app. Mind you I''ve funded deals with them before in the past. I think Jay is a good guy but they definitely have a leak in there. this has happend more than once.Hopefully they clean that up because i actually consider them to be a decent funder.
    8 replies | 988 view(s)
  • reversefunder's Avatar
    02-27-2024, 11:58 AM
    Who funds files like this
    7 replies | 883 view(s)
  • MissouriBroker1's Avatar
    03-06-2024, 04:09 PM
    I have a client who owns three restaurants and a bar that are producing $175,000 in monthly revenues. She got talked into taking on 5 MCA's that total just over $500,000 with weekly payments of $24,000! She is making the payments but it is obviously affecting her bottom line. She is looking for a term loan or similar product to take out these MCA's. Time in business is 9+ years and she has a FICO of 683. She is not interested in a consolidation MCA-type product. A 5 year term loan at 10% would drop her monthly payment from $104,000 to $10,623. Tom Harrier Integrity Commercial Loans, LLC 407-928-8542 broker@tomharrier.net
    8 replies | 972 view(s)
  • Shorebird's Avatar
    03-14-2024, 04:54 PM
    FBI raided home of Albany loan broker Roglieri a second time. https://www.timesunion.com/business/article/fbi-raided-home-albany-loan-broker-roglieri-19009724.php
    4 replies | 1566 view(s)
  • vloforti's Avatar
    03-13-2024, 02:44 PM
    Construction , 40k monthly average rev except feb was 20K average of 4-5 deposits per month adb around $1500 2 years tib Has a signed contract from the city for a 1.5 mil project
    6 replies | 1161 view(s)
  • diditevenfund's Avatar
    03-24-2024, 06:01 PM
    https://debanked.com/2024/03/new-york-state-bill-aims-to-recharacterize-factoring-leasing-revenue-based-financing-and-more/ What are people's thoughts on this? What direction are we really headed?
    9 replies | 822 view(s)
  • whiterabbit's Avatar
    02-27-2024, 05:46 PM
    I know this is a bad word in this industry, but I got a potential file, does anyone know if any lenders would fund this. 120k avg deposit, very good balances 60k+ per day. 700+ credit, TIB is only 8mo though. Needs working capital as a bridge to SBA. Thank you
    5 replies | 1220 view(s)
  • Back Pocket Funder's Avatar
    03-15-2024, 11:21 AM
    Richie from bay advance is another one (or whatever your name is and what company you work for) Guys educate your merchants since this needs to come to an end. Real hard working Americans are losing businesses and getting screwed because greedy cowards are too soft to actually sell the product. We lose money from this so don't forget to tell all of your clients about these scams that are getting pitched to literally everyone. See attached.....
    5 replies | 1201 view(s)
  • whiterabbit's Avatar
    03-04-2024, 10:42 PM
    Is Knight still funding? I heard a rumor that they were only funding through their SBA portal Ready Capital direct and are no longer offering an MCA product. Is anyone funding deals with them still or heard anything? thanks.
    6 replies | 971 view(s)
  • vloforti's Avatar
    03-20-2024, 05:14 PM
    Merchant is looking for 150K + term loan or LOC Has existing MCA with Lendr with 78K remaining. WILL NOT EVEN CONSIDER ANOTHER MCA 200K+ Monthly revenue. No NSF's and good ADB's 4 years time in business Does anyone have a LENDER in mind that might be willing to entertain this?
    7 replies | 706 view(s)
  • ThorCapitalGroup's Avatar
    03-12-2024, 04:47 PM
    Just like the title says... stay far away.
    4 replies | 1269 view(s)
More Activity


INDUSTRY ANNOUNCEMENTS

BoA launches business loan marketplace
Quickbooks adds new LOC product
Dext Capital upsizes corp note


DIRECTORY