[mrmrg]

Come to New Chance for all positions. (Direct Lender)

We fund same day and do not white label.

In-house underwriting.

Contact me for an iso agreement and we will be the easiest funder to work with.
New Chance
jeff@newchancecapital.com
C. 718-490-4869
F. 718-732-2333
90 Broad Street, New York, NY 10004

Atlas has rebranded.

[kpeng]

That is completely inaccurate about Elevate. We do care about bad criminal backgrounds and prior defaults.

Our niche is with merchants that have little to no credit (we don't check credit) and 1st position only.

Well here is something to help the members:

1st Global Capital--- Sweet 2nd positions
1st Merchant Funding--- Aggressive 1st position Funder
6th Avenue Capital-- Great Consolidation Programs
Accord Business Funding--- Unique Dealerships Program
BFS Capital---- Awesome 1st position lender
Breakout Capital--- Hard to recieve approvals
CFG Merchant Solutions--- Great Stacker ask for Lior
Credibly---- Awesome 1st position Funder
Elevate Funding---- Unique in funding merchants with bad criminal backgrounds & defaulted merchants(on occasion)-- High Risk
Everest Business Funding--- Awesome stacker
Expansion Capital Group--- Selective on files funded
ForwardLine-- Conservative stacker
Fundzio----- Consolidations (Fresh Start Program)
GRP Funding--- Same as BFS
Hunter Caroline-- Aggressive Funder
Kalamata Capital-- Larger size deals
Max Advance--- Pioneer in the industry
National Funding--- 1st Position lender upsell up to 20 pts
Pearl Capital--- Awesome stacker
PledgeCap-- Tangible goods lender- (lender takes possession of items or items put up for collateral)
Principis Capital--- selective Funder
Quarterspot-- most occasion funder will offer 200% of receivables as long as no more than 3 nsf's in 3 month time frame on statements
RapidAdvance-- Pioneer
Snap Advances--- Great 1st position offers out to 18 months if merchant qualifies
SOS Capital--- Great stacker
Strategic Funding Source-- Pioneer 1st position funder
Wall Street Funding-- awesome funder , very aggressive
Yellowstone Capital--- King of stacking

[CraaaCraaa Radio]

That is completely inaccurate about Elevate. We do care about bad criminal backgrounds and prior defaults.

Our niche is with merchants that have little to no credit (we don't check credit) and 1st position only.

Well not checking credit at all is wonderful, that's another plus I forgot to mention too.

FUND FUND FUND

[CraaaCraaa Radio]

elevate is quick to get the file funded, awesome team to work with!!!!

well here is something to help the members:

1st global capital--- sweet 2nd positions
1st merchant funding--- aggressive 1st position funder
6th avenue capital-- great consolidation programs
accord business funding--- unique dealerships program
bfs capital---- awesome 1st position lender
breakout capital--- hard to recieve approvals
cfg merchant solutions--- great stacker ask for lior
credibly---- awesome 1st position funder
elevate funding---- unique in funding merchants with bad criminal backgrounds & defaulted merchants(on occasion)-- high risk
everest business funding--- awesome stacker
expansion capital group--- selective on files funded
forwardline-- conservative stacker
fundzio----- consolidations (fresh start program)
grp funding--- same as bfs
hunter caroline-- aggressive funder
kalamata capital-- larger size deals
max advance--- pioneer in the industry
national funding--- 1st position lender upsell up to 20 pts
pearl capital--- awesome stacker
pledgecap-- tangible goods lender- (lender takes possession of items or items put up for collateral)
premier capital funding--- great funder,upsell up to 15 points with weekly payments beats everest and knight offers 9 out of 10 times
principis capital--- selective funder
quarterspot-- most occasion funder will offer 200% of receivables as long as no more than 3 nsf's in 3 month time frame on statements
rapidadvance-- pioneer
snap advances--- great 1st position offers out to 18 months if merchant qualifies
sos capital--- great stacker
strategic funding source-- pioneer 1st position funder
wall street funding-- awesome funder , very aggressive
yellowstone capital--- king of stacking

[CraaaCraaa Radio]

Well here is something to help the members:

1st Global Capital--- Sweet 2nd positions
1st Merchant Funding--- Aggressive 1st position Funder
6th Avenue Capital-- Great Consolidation Programs
Accord Business Funding--- Unique Dealerships Program
BFS Capital---- Awesome 1st position lender
Breakout Capital--- Hard to recieve approvals
CFG Merchant Solutions--- Great Stacker ask for Lior
Credibly---- Awesome 1st position Funder
Elevate Funding---- Unique in funding merchants with bad criminal backgrounds & defaulted merchants(on occasion)-- High Risk
Everest Business Funding--- Awesome stacker
Expansion Capital Group--- Selective on files funded
ForwardLine-- Conservative stacker
Fundzio----- Consolidations (Fresh Start Program)
GRP Funding--- Same as BFS
Hunter Caroline-- Aggressive Funder
Kalamata Capital-- Larger size deals
Max Advance--- Pioneer in the industry
National Funding--- 1st Position lender upsell up to 20 pts
Pearl Capital--- Awesome stacker
PledgeCap-- Tangible goods lender- (lender takes possession of items or items put up for collateral)
Premier Capital Funding--- Great funder,upsell up to 15 points with weekly payments beats Everest and Knight offers 9 out of 10 times
Principis Capital--- selective Funder
Quarterspot-- most occasion funder will offer 200% of receivables as long as no more than 3 nsf's in 3 month time frame on statements
RapidAdvance-- Pioneer
Snap Advances--- Great 1st position offers out to 18 months if merchant qualifies
SOS Capital--- Great stacker
Strategic Funding Source-- Pioneer 1st position funder
Wall Street Funding-- awesome funder , very aggressive
Yellowstone Capital--- King of stacking

I have to say Snap Advance is truly a player in this MCA industry we work to thrive in everyday.

18 months
250k
HEALTHCARE/Doctor Office
1.34 ten points built in for The ISO

I must also say merchant shopped around and recieved other offers from different ISO's

All Shut down and Snap takes it before month end.

http://debanked.com/merchant-cash-ad...nce-directory/

[WhoisKingsley]

I have to say Snap Advance is truly a player in this MCA industry we work to thrive in everyday.

18 months
250k
HEALTHCARE/Doctor Office
1.34 ten points built in for The ISO

I must also say merchant shopped around and recieved other offers from different ISO's

All Shut down and Snap takes it before month end.

http://debanked.com/merchant-cash-ad...nce-directory/

There is still some good ones missing for sure. All of the Funders on the list have their niches and perks. Premier being one (especially competing offers when rate comes into play *Thank you Premier ) It all has to do with relationship too when it comes down to it. That's a big list.

[CraaaCraaa Radio]

There is still some good ones missing for sure. All of the Funders on the list have their niches and perks. Premier being one (especially competing offers when rate comes into play *Thank you Premier ) It all has to do with relationship too when it comes down to it. That's a big list.

When it comes to Trucking & Transportation I say always remember Quickbridge

Approved Amount: $55,200.00
Origination Fee: 2%

Pricing Options:
675+ Program

Duration
# of Daily
Payments Buy Rate
4 84 1.14
5 105 1.16
6 126 1.19
7 147 1.23
8 168 1.25

MAX UPSELL OF 17 POINTS

[WhoisKingsley]

Seems at times I see members looking for funders/lenders for certain deals at certain times.

Well it is that time of year, when its going crazy and you may need to update your lenders/funders or add some more to spice it up

This link below should help:

http://debanked.com/merchant-cash-ad...nce-directory/

Hold the phone.

This list is updated? I am not naming Companies but I see some that are closed - not taking ISOs - and from what I understand... not Funders? If I am wrong... than please, prove it.

All in all, it's a good headstart... guess you just have to call them and figure it out

[mcaguru]

Keep Cresthill /Mantis on your mind when it's trucking / transportation And construction and of course low revenues / subprime credit / nsf's /inconsistent revenues / micro file / service based business / home based.

We are really putting a lot of efforts Into service and fast offers with fewer stips and double digit commissions.

Another fact : latest hours in mca!!

[Karen37a]

edit*

[Michael I]

wow you about to get you a.. kicked for some of those . i strongly recommend editing

[Jason Sterling]

Sterling /Quikstone Capital - Best for credit card split deals

[Lendvo]

Lendvo - ecommerce/12-18month durations/paypal/consolidations/business purchase finance

[MCAVeteran]

i didnt see can capital on the list. they are funding new again but to select partners.

[MidnightAdvance]

i didnt see can capital on the list. they are funding new again but to select partners.

Mantis wasn't on the list either are they still funding? (lol)

[jake2276]

WE GOT MISSEDDDDD
unique funding solutions
Jake Winograd
Cell:1-646-943-2204
Office: (718) 316-6897
Fax:1-347-549-4296
Unique Funding Solutions

[mcaguru]

[jandmretail]

Does anyone know the lenders that don't do hard credit pulls? I want to send my files to as many lenders as possible to get the best offer, but I don't want merchants credit being dinged 20times. So far I only know Ondeck and Knight that do soft pulls.

[CraaaCraaa Radio]

Does anyone know the lenders that don't do hard credit pulls? I want to send my files to as many lenders as possible to get the best offer, but I don't want merchants credit being dinged 20times. So far I only know Ondeck and Knight that do soft pulls.

Bfs will do as well, as long as you request it. When sourcing the file put in the body of email, merchant does not want hard pull on credit

[Cfairbank]

Does anyone know the lenders that don't do hard credit pulls? I want to send my files to as many lenders as possible to get the best offer, but I don't want merchants credit being dinged 20times. So far I only know Ondeck and Knight that do soft pulls.

We (Breakout) do soft pulls

I will address our "low approval rates" in a longer note (next "comment"), which I don't argue with at all -- we are transparent and I readily admit that, across all ISOs, our aggregate approval rate is low. We do underwrite customers differently than the other lenders/funders, and that can lead to a learning curve on what we will fund -- and i know it can be frustrating as new partners get started, but if an ISO or partner takes the time to really learn our product, they will get high approval rates (and strong terms/product features), and the only time a decline should happen is if something shows up that the partner couldn't know, such as issues on credit report.

Again, I am not disagreeing with the posters statement in any way -- if you look at us like MCA, approval rates will be very low. But our top partners that "get" our model will receive industry standard (or higher) approval rates; and these approvals are coupled with typically lower rates (start at 1.09x), longer terms (yes we do still fund a lot of 24 month deals), and one or more product features (e.g. monthly pay, zero net/balance transfer, no DD, etc) they would have a hard time finding elsewhere.

[Karen37a]

We (Breakout) do soft pulls, and i'll provide a little color in response to the commentary shortly

I am only adding to the commentary below the above comment ...this one was shorter

My experience is that most brokers do not want to select anything...its a throw the **** against the wall and see if it sticks kinda thing, or stick a square peg in a round hole.( I have pressed or negotiated with "begged" underwriters..but I beleived mine were 50/50 or 45/55 )

too much drama for 2-5/6 % as well...especially if it was split iso/broker

( too much risk even if you have no skin in the game...funder pulls you under with them when they do something wrong or unethical...not that you would *)

Its not that the product isnt good or people do not understand it...I assume it just has its place to some

[WhoisKingsley]

I am only adding to the commentary below the above comment ...this one was shorter

My experience is that most brokers do not want to select anything...its a throw the **** against the wall and see if it sticks kinda thing, or stick a square peg in a round hole.( I have pressed or negotiated with "begged" underwriters..but I beleived mine were 50/50 or 45/55 )

too much drama for 2-5/6 % as well...especially if it was split iso/broker

( too much risk even if you have no skin in the game...funder pulls you under with them when they do something wrong or unethical...not that you would *)

Its not that the product isnt good or people do not understand it...I assume it just has its place to some

How dark is this dark side you speak of?!? Can you enlighten some of your points pls? your described type of "Broker".

do not want to select anything
Why tf not? Select what exactly?

Your'e a broker. You want to "select" the right product by which funder/lender. You take the time to review, take your notes, and update it here and there. It's not hard to link it all together at the end- if your not "selective" and just chose a rando "We're signing new ISOs 16 pts!" then you seriously deserve the backlash.

throw the **** against the wall and see if it sticks
Again... you can shop smart without that much effort. What kind of sh*t deals are being thrown at these walls? Deals aren't sh*t in the first place what type of brokers are getting these deals and do half of these funders even WANT to deal with who you are talking about?

too much drama for 2-5/6 %
drama? or just want more commission? I am sure the Merchant wouldn't complain of the offer. I don't know anyone's website that doesn't say "We provide Merchants the best, lowest, fastest" ... then get on the phone, offer whatever you have, they shop, you haggle with the funder... what's more drama than that?

too much risk even if you have no skin in the game - for a soft pull? to throwing sh*t against the wall? That's self-harm that's not risk.
funder pulls you under with them what? for...
(Funder) do something wrong or unethical Again... who are these Brokers signing up with and not reading over their agreements and looking up these Funders?

I've known some people who've made dumb mistakes but not all of that.

[Karen37a]

How dark is this dark side you speak of?!? Can you enlighten some of your points pls? your described type of "Broker".

do not want to select anything
Why tf not? Select what exactly?

Your'e a broker. You want to "select" the right product by which funder/lender. You take the time to review, take your notes, and update it here and there. It's not hard to link it all together at the end- if your not "selective" and just chose a rando "We're signing new ISOs 16 pts!" then you seriously deserve the backlash.

throw the **** against the wall and see if it sticks
Again... you can shop smart without that much effort. What kind of sh*t deals are being thrown at these walls? Deals aren't sh*t in the first place what type of brokers are getting these deals and do half of these funders even WANT to deal with who you are talking about?

too much drama for 2-5/6 %
drama? or just want more commission? I am sure the Merchant wouldn't complain of the offer. I don't know anyone's website that doesn't say "We provide Merchants the best, lowest, fastest" ... then get on the phone, offer whatever you have, they shop, you haggle with the funder... what's more drama than that?

too much risk even if you have no skin in the game - for a soft pull? to throwing sh*t against the wall? That's self-harm that's not risk.
funder pulls you under with them what? for...
(Funder) do something wrong or unethical Again... who are these Brokers signing up with and not reading over their agreements and looking up these Funders?

I've known some people who've made dumb mistakes but not all of that.

Amanda,

I cant go into the "inner workings " of the Mca business or Financial Services and the dirty side of it with you. I am sure you can just google lawsuits, go on pacer.

Why are you asking me this? Because you want me to say so and so was charged with Rico? So and So is broke and defaults on people to make extra fees? So and so raped their top super isos for all their deals?Brokers stack and there are moles? Some Funders backdoor?
Go look at the picture of Yellowstone exiting someone out in handcuffs. Look up the "data theft" lawsuits. Funders suing each other etc etc etc.
Mca Brokers/smal/ funders doing double time, funding deals then recommending default.

I know where they are in the phillipeans if you want to pop by their office and offer your services.

I am not going to be some rah rah rah everything is great anyone can do this business type of person. Because it isn't true. Never has been and never will be.Funders have gone bankrupt. Cut off isos renewals. Backdoor jamboriee. Isos bankrupt, brokers too.

Most go back to a "job"( cursing out the sales profession on the way out) or take on other "ventures"
And for the record ( which you know) I am a broker who has an Iso, with brokers in it. And are you going to come back into the industry?

It is not easy being salesperson; most cant do it so they spend a lot of time trying to figure out automated mareketing , or looking to consult/advise the top producers (which is a joke) etc etc.

If it was so easy most would not have gone under or got arrested or whatever the hell they did.

( everyone wants to be on the backend when the merchants want to fund today or tomorrow....no one wants to be on the front getting them to the table. which is why so many lie about being a Drirect Funder And some have made living, shifting files off the backend, fking brokers over or digging into their tank file)

I am sorry if this disturbs you. This is what is is.

**not all,

This is where I want some of the people who chime in all the time to show me how to get a full file in with full docs...not just babble on about theories, it seriously gets annoying

Is this where someone starts yelling about my dui? Trying to dig out my series 7 background. mortgage, insurance , compliance , which is clean as a whistle? been there done that too.

And if you think I couldnt chip in $20 and call myself a direct funder too...you are mistaken I am a broker....proud of it. I do not need to lie to make sales

[Fundyman]

We (Breakout) do soft pulls

I will address our "low approval rates" in a longer note (next "comment"), which I don't argue with at all -- we are transparent and I readily admit that, across all ISOs, our aggregate approval rate is low. We do underwrite customers differently than the other lenders/funders, and that can lead to a learning curve on what we will fund -- and i know it can be frustrating as new partners get started, but if an ISO or partner takes the time to really learn our product, they will get high approval rates (and strong terms/product features), and the only time a decline should happen is if something shows up that the partner couldn't know, such as issues on credit report.

Again, I am not disagreeing with the posters statement in any way -- if you look at us like MCA, approval rates will be very low. But our top partners that "get" our model will receive industry standard (or higher) approval rates; and these approvals are coupled with typically lower rates (start at 1.09x), longer terms (yes we do still fund a lot of 24 month deals), and one or more product features (e.g. monthly pay, zero net/balance transfer, no DD, etc) they would have a hard time finding elsewhere.

Well, yeah. CraaaCraaa forgot to put something like: "Great for those anal merchants who only want the lowest possible cost of funds when getting quoted, or give you 5 other referrals, so they expect their deal to be done for free, or they understand the industry and have already been quoted at a 1.15, so you're SOL..." on his list.

Breakout has done that so far: Offered really low factor rates on merchants with decent credit and strong business models, while still making it possible for you to see 5-6 pts on the deal. Only thing I wish you guys would do is fund larger amounts!

[CraaaCraaa Radio]

Well, yeah. CraaaCraaa forgot to put something like: "Great for those anal merchants who only want the lowest possible cost of funds when getting quoted, or give you 5 other referrals, so they expect their deal to be done for free, or they understand the industry and have already been quoted at a 1.15, so you're SOL..." on his list.

Breakout has done that so far: Offered really low factor rates on merchants with decent credit and strong business models, while still making it possible for you to see 5-6 pts on the deal. Only thing I wish you guys would do is fund larger amounts!

FundyMan it seems you may be on the breakout cheerleaders squad but I am a realist. And for the record Snapper that is not my list, that is the Funders Directory for debanked. Another member had stated some of the Funders on that list are no longer funding or merged. Thus, I replied with banks that I know are still funding for the members based off the debanked list. Some may take offense to it like Carl Fairbank, but it is nothing personal to breakout. It is merely the facts, why would I send a merchant that qualifies for funding circle capital to breakout. No way they can compete with Funding Circle repayment options or overall structure. So for me the individual, yes it is not the easiest approval ratio from breakout. I know other brokers experienced the same as well

But I will say when Breakout does send an approval it is a stellar offer. No doubt about that!!!

Just for the record the list that I commented on Funders that are still funding, and my personal take is based off of nothing but pure experience with each specific lender. It was an effort to assist the members on what lenders are still open and operating for submissions on new deals.

Fundyman it seems your outsourcing lender list needs to be updated. I can help you to find better competitive rates. As it may seem that your low buy rates options are not that many!! Give me a shout Snaps!!

Carl Fairbank Happy Friday and Happy Shabbot to you and your hardworking team over at Breakout!!!!!