Renewals vs Add ons vs Stacking
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  1. #1
    Karen37a
    Guest

    Renewals vs Add ons vs Stacking

    Since this Question came up and the dispute over numbers.

    I can pose hypothetical questions and let people either ponder it or fight among themselves because I will not add to it, it does nothing for me.
    Depending on the grade of paper and strategy, these numbers should vary and volume, time in business.
    And initial lead source.

    And as someone pointed out ...this is my limited ( Jan is 3 year) experience; not Loans which goes back further nor the imaginary venture capital decade
    ____
    # 1 What % of Merchants take one and only one Cash advance that you have come across?( For me it's 0 based on my lead sources and what I have seen)

    #2 When they requested additional money did they wait for renewal or stack? Add on? And why? ( this has been directed or steered by mca brokers and funders IMO )

    #3 If you stacked someone instead of waiting for renewals or add-ons why? ( sometimes there's a legitimate reason but sometimes funders won't budge and also brokers can be greedy)

    # 4 Did you receive a commission for the stack? Or stacks? How many ? did you consolidate after that?

    # 5 How long did the merchant stay alive before he defaulted or achieved his goal of Financial Freedom thru his expansion or Marketing plan?

    #6 How many merchants were stacked? ( from my viewpoint 70-80 % or almost all?)


    Now if almost everyone is stacking....how far stretch is it to think " if I keep the stackers off the backend of my advance, I can renew or do an add-on if they want more money, which almost all of them will " 100% if they do not default. And if I can keep them for overextending themselves, they can renew or do add-ons 3-4 times.( instead of someone snatching my commission or bankrupting my future renewal commission)

    I do not mind posting this because what I have found is that if "some" brokers have a choice of stacking and getting 1k today...or waiting to Consolidate or renew in 30-45 days for 7 k....he is going to take the 1k all day every day.They( some) do not even care if they default or bankrupt them.

    So. if you are stacking do you feel like you took your own renewal away?,....if you didn't stack would you have renewed all of them?? or all who didn't default?? ( or a high % of ) I do not see these merchants taking one advance only. Maybe someone else does.

    So if you count a stack as a semi "renewal"( which you cant this is hypothetical ) some of you are at 90%?All who didn't default? Not sure of anyone's numbers.

    Renewing ...1-3/4 times addon( healthy second/third not behind your own Funder) ....vs stacking 3-7

    Renewing/add-ons make you less money temporarily..time passes and a lot of drama fighting off the backdoor bonanza and bandits.IMO.

    To each their own

    Again Happy Holidays waving ***
    Last edited by Karen37a; 12-04-2017 at 07:37 PM.

  2. #2
    Senior Member Reputation points: 503040
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    Oh no. No, don't do this.

  3. #3
    Karen37a
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    Quote Originally Posted by WestCoastFunding View Post
    Oh no. No, don't do this.
    have fun **

  4. #4
    Senior Member Reputation points: 99426
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    Just reading that wall of text gave me a headache
    Archie Bengzon
    Jumpstart Capital
    archie@jumpstartcapital.biz
    www.jumpstartcapital.biz

  5. #5
    too much time on your hands Karen

  6. #6
    Karen37a
    Guest
    Quote Originally Posted by fundyoutoo View Post
    too much time on your hands Karen

    I agree. That's why when you get old and have residual income...you either take up knitting and crocheting, globe-trotting and maj jongg.

    Or build another business...

    see you next year

  7. #7
    Senior Member Reputation points: 54977
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    Karen when writing keep in mind i don't have the patience to read an entire fortune cookie note. (maybe its my ADD).
    Marcus Clapman | Business Development | Cresthill Capital
    (High Commissions Payout Group)
    覧覧覧覧覧覧覧覧覧覧覧覧覧
    Tel: 917-521-6528 | Fax: 212.671.1473
    Email: bizdev@cresthillcapital.com
    http://www.cresthillcapital.com

  8. #8
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    Quote Originally Posted by mcaguru View Post
    Karen when writing keep in mind i don't have the patience to read an entire fortune cookie note. (maybe its my ADD).
    There's also the fact management only lets Marcus out of his cage for 15 minutes a day for computer time.

  9. #9
    Senior Member Reputation points: 54977
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    Whats your address so i can send you lunch ?
    Marcus Clapman | Business Development | Cresthill Capital
    (High Commissions Payout Group)
    覧覧覧覧覧覧覧覧覧覧覧覧覧
    Tel: 917-521-6528 | Fax: 212.671.1473
    Email: bizdev@cresthillcapital.com
    http://www.cresthillcapital.com

  10. #10
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    Quote Originally Posted by mcaguru View Post
    Whats your address so i can send you lunch ?
    It better be from Havana in West Palm or the Dixie Grill!
    Kevin Henry
    VP-Business Development
    Seacoast Business Funding, a division of Seacoast Bank
    561-850-9346
    Kevin.Henry@SeacoastBF.com
    1880 N Congress Ave., Suite 404
    Boynton Beach, FL 33426

  11. #11
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    Field of greens
    Marcus Clapman | Business Development | Cresthill Capital
    (High Commissions Payout Group)
    覧覧覧覧覧覧覧覧覧覧覧覧覧
    Tel: 917-521-6528 | Fax: 212.671.1473
    Email: bizdev@cresthillcapital.com
    http://www.cresthillcapital.com

  12. #12
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    Quote Originally Posted by mcaguru View Post
    Field of greens
    Keep it healthy! I am fond of business breakfast at ER Bradley's. Food is good and great views. Not very crowded early in the morning.
    Kevin Henry
    VP-Business Development
    Seacoast Business Funding, a division of Seacoast Bank
    561-850-9346
    Kevin.Henry@SeacoastBF.com
    1880 N Congress Ave., Suite 404
    Boynton Beach, FL 33426

  13. #13
    Senior Member Reputation points: 34509 Jstarr's Avatar
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    Marcus, I Love field of Greens....

    Quote Originally Posted by mcaguru View Post
    Field of greens
    Jerry Starr
    Insource Funding
    433 Plaza Real,
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    WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL

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  14. #14
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    that's what i hear ..the staff here swear by it and a few other places roccos and lynora...
    Marcus Clapman | Business Development | Cresthill Capital
    (High Commissions Payout Group)
    覧覧覧覧覧覧覧覧覧覧覧覧覧
    Tel: 917-521-6528 | Fax: 212.671.1473
    Email: bizdev@cresthillcapital.com
    http://www.cresthillcapital.com

  15. #15
    Karen37a
    Guest
    mca guru

    Try to read past the few lines...on stalker chic

    States Atty stepped in...not just the prosecutors

    have fun

  16. #16
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    Karen, you need to behave today.

  17. #17
    Karen37a
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    You too...untill 2018

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