Cast Capital Reverse Consolidation Program
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  1. #1

    Cast Capital Reverse Consolidation Program

    REVERSE CONSOLIDATION
    Send us the unfundable stacked files and make $$$
    We will consolidate merchants with 5,6,7,8 advances
    We will deposit necessary amount to cover current positions on a weekly basis, straight to merchant's account
    Merchant will pay one small daily payment
    Current advances will naturally be satisfied as we release disbursements
    This extends payback periods for merchants and cuts their monthly payments ~ in half, while keeping cash where it should be, with the business

    What We Need!
    The positions need to be 6 months or less
    Last 3 months of Business Bank Statements
    List of the current advances
    funding company
    current balance
    # of payments left
    original funding amount
    Signed ISO Agreement with Cast Capital Funding

    ISO COMMISSION!
    5 POINTS FOR FUNDING THE UNFUNDABLE!!!

    “One Man's Stack is Another Man's Treasure.” - Bruce Leybel, Principal at Cast Capital Funding

  2. #2
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    Just to clarify what you're saying here, you will take merchants with multiple positions, make an offer based off their revenue, not give the merchant the full amount at once but send them weekly disbursements to cover their advance payments and not have the merchants LOWER their daily payments but keep everything as is, merchant pays you a small daily payment with an extended term based off whatever it is that you're offering them? You are not having them settle or restructure any of their advances, everything stays as is? If that's what you're saying that's amazing and something that can be truly valuable in this industry. If you're a Debt restructuring company cleverly wording this post to spark interest, then we all knows what happens to guys like that around here. Looking forward to your response.

  3. #3
    Veteran Reputation points: 159073 J.Celifarco's Avatar
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    Quote Originally Posted by Anthony@yellowstone View Post
    Just to clarify what you're saying here, you will take merchants with multiple positions, make an offer based off their revenue, not give the merchant the full amount at once but send them weekly disbursements to cover their advance payments and not have the merchants LOWER their daily payments but keep everything as is, merchant pays you a small daily payment with an extended term based off whatever it is that you're offering them? You are not having them settle or restructure any of their advances, everything stays as is? If that's what you're saying that's amazing and something that can be truly valuable in this industry. If you're a Debt restructuring company cleverly wording this post to spark interest, then we all knows what happens to guys like that around here. Looking forward to your response.
    these guys reached out to me yesterday and I asked them the same questions you just did almost word for word. They said they do not restructure any of a merchants current advances in any way at all. I am waiting to get some more information but like you said if this is what they are doing they might be a nice add to the industry
    John Celifarco
    Managing Partner
    Horizon Funding Group

    3423 Ave S
    Brooklyn, NY 11234
    T: (347) 773-3990 | F: (718) 795-1990
    Linkedin: Profile
    Email: john@horizonfundinggroup.com

  4. #4
    Quote Originally Posted by J.Celifarco View Post
    these guys reached out to me yesterday and I asked them the same questions you just did almost word for word. They said they do not restructure any of a merchants current advances in any way at all. I am waiting to get some more information but like you said if this is what they are doing they might be a nice add to the industry
    So how the program works they are looking to save the merchant at least 25% on their daily payments every day. How it works is we are looking for merchants with 3 or more advances and instead of paying off the current lenders so they can just stack back on top of us what we will do is deposit the funds into their account each week on the day that merchant chooses to cover current daily payments then pull our reduced payment out daily. It is still being underwritten based upon Revenue as well as the formula used to come up with the consolidation. Whats great about the program its not an all or nothing program so if the merchant has 5 advances and only 2 make sense they will consolidate the 2 then come back and do the rest when they are ready. This program strategically in order to make sense for the merchant so they can save money all around even on top of the interest.

    Now I have been offering this consolidation program to my merchants for the past 8 months and know they guy who came up with this, and i have never heard of Cast Capital

  5. #5
    Anthony, we don't condone or agree with how debt settlement companies operate. We are looking to make a good splash in this industry. We believe that merchants should satisfy their current contracts. We believe our program will be able to help out many businesses and give them some breathing room. Happy to answer any other questions.

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    interesring. Lots of exposure...

  7. #7
    Senior Member Reputation points: 4567 NickHubbard's Avatar
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    It sounds very similar to what Everlasting Capital is offering.
    Nick Hubbard
    Senior Loan Advisor
    314-252-0299 - Office
    314-885-2262 - Direct
    nick@elitefactoring.com
    www.elitefactoring.com

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    Everlasting cap

    Quote Originally Posted by NickHubbard View Post
    It sounds very similar to what Everlasting Capital is offering.
    Hey Nick, is everlasting capital a direct funder? I thought they were a brokerage a few months back when i heard of them?

  9. #9
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    Not buying it.

  10. #10
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    This is what ml factors does

  11. #11
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    Quote Originally Posted by golf2014 View Post
    This is what ml factors does
    Yeah we actually created the program a year or so ago.

  12. #12
    Cashvillage funding does this.

  13. #13
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    Cash Village? Oh come on.

  14. #14

  15. #15
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    Looks like a copycat WBL model

  16. #16
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    this is what ML factors does. You are not saving merchant anything, only freeing up some cash flow (which in some cases could work in their favor)

  17. #17
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    From their PR release:

    "Cast Capital is an independent sales organization and acts in a sales referral partner capacity with a wide network of direct lenders.

    As Cast Capital Corp. sales office expands, the firm is actively seeking new partnerships with established direct lenders and private investors new to the business cash advance industry."

    -----

    It's all bull****. So essentially they signed an ISO agreement with WBL and put out a press release advertising their new product.

  18. #18
    Hey WestCoastFunding, the PR release is a few years old. This Consolidation program is real. You're really going to see it take off in this industry this summer. http://castcapitalfunding.com/consolidation/

  19. #19
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    Chris7Lender,

    Your press release claims you are brokers. Was your press release accurate? Let us know.

  20. #20
    Quote Originally Posted by WestCoastFunding View Post
    Chris7Lender,

    Your press release claims you are brokers. Was your press release accurate? Let us know.
    He already addressed this, said the press release was from a few years ago; a lot can change in a few years.

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    Quote Originally Posted by CASHCASH View Post
    He already addressed this, said the press release was from a few years ago; a lot can change in a few years.
    He didn't address a damn thing.

    Is he still brokering or not? It's a yes or no question. Do you have the answer to it (since you want to be his spokesperson).

  22. #22
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    Does it matter if they fund AND also broker out deals? Most of the big funders like Bizfi, Yellowstone and SFS do this. As long as the deal funds and you get paid the agreed upon commission, what's the big deal?

  23. #23
    Veteran Reputation points: 159073 J.Celifarco's Avatar
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    Quote Originally Posted by MCNetwork View Post
    Does it matter if they fund AND also broker out deals? Most of the big funders like Bizfi, Yellowstone and SFS do this. As long as the deal funds and you get paid the agreed upon commission, what's the big deal?
    it matters because I want to know whos hands touch the deal.. I dont care if they broker I care if they are trying to broker my deal. Full disclosure for how a deal is handled is important
    John Celifarco
    Managing Partner
    Horizon Funding Group

    3423 Ave S
    Brooklyn, NY 11234
    T: (347) 773-3990 | F: (718) 795-1990
    Linkedin: Profile
    Email: john@horizonfundinggroup.com

  24. #24
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    Quote Originally Posted by MCNetwork View Post
    Does it matter if they fund AND also broker out deals? Most of the big funders like Bizfi, Yellowstone and SFS do this. As long as the deal funds and you get paid the agreed upon commission, what's the big deal?
    Those big funders will also put their money into it. Where is the proof this guy funds or syndicates anything? Who is to say they aren't brokers simply looking for stacked files to backdoor another position?

    When you want to call yourself a "lender" they should be able to back it up. Without complaint.

  25. #25
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    Definitely John. My reps at the other funders always ask for permission before sending a deal out.

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