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  1. #1

    Sbfa

    Good afternoon,

    We are considering joining the SBFA. Mostly to have access to view "tagged" fundings and defaults. I know there are membership fees involved. Anyone familiar with the costs to be part of SBFA?

    Thanks in advance.

  2. #2
    Senior Member Reputation points: 54989
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    yes they are one of the associations another one (we are part of ) is the :

    https://www.commercialfinancecoalition.com/
    Marcus Clapman | Business Development | Cresthill Capital
    (High Commissions Payout Group)
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    Tel: 917-521-6528 | Fax: 212.671.1473
    Email: bizdev@cresthillcapital.com
    http://www.cresthillcapital.com

  3. #3
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    Quote Originally Posted by mcaguru View Post
    yes they are one of the associations another one (we are part of ) is the :

    https://www.commercialfinancecoalition.com/
    @marcus

    is there a difference between the membership? different group focusing on different paper?

  4. #4
    Senior Member Reputation points: 52185 ADiamond's Avatar
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    Quote Originally Posted by Access2Capital View Post
    Good afternoon,

    We are considering joining the SBFA. Mostly to have access to view "tagged" fundings and defaults. I know there are membership fees involved. Anyone familiar with the costs to be part of SBFA?

    Thanks in advance.
    what do you mean to view "tagged" fundings and defaults? what does the SBFA offer?

    and what is the point of CFC? do they broker deals or something?
    Anthony Diamond
    Underwriter

  5. #5
    Senior Member Reputation points: 2218
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    If you are looking for a database of default merchants, use datamerch. reach out to Scott swilliams@datamerch.com

    The point of CFC is for funders and lenders to work together to help small businesses and the MCA industry as a whole. CFC is very active politically to support legislation that is positive for the industry and helping small business's have access to capital, and active in working against legislation that would be detrimental to the industry and to small businesses. If you think that is something you would like to be a part of, shoot me a PM and I will put you in touch with them.

  6. #6
    Quote Originally Posted by ADiamond View Post
    what do you mean to view "tagged" fundings and defaults? what does the SBFA offer?

    and what is the point of CFC? do they broker deals or something?
    My former company was a part of SBFA and regularly used the website https://sbfamembers.org. This site helped us not only identify a few defaults, but also recent fundings (a good tool to help avoid double fundings as well). Unfortunately I was not involved in the membership aspect so I am not familiar with the costs. Does anyone know?

  7. #7
    Quote Originally Posted by Andy View Post
    If you are looking for a database of default merchants, use datamerch. reach out to Scott swilliams@datamerch.com

    The point of CFC is for funders and lenders to work together to help small businesses and the MCA industry as a whole. CFC is very active politically to support legislation that is positive for the industry and helping small business's have access to capital, and active in working against legislation that would be detrimental to the industry and to small businesses. If you think that is something you would like to be a part of, shoot me a PM and I will put you in touch with them.
    Hey Andy,

    Thanks! We are actually already a part of DataMerch and use it everyday! It is awesome! Just looking for an additional tool to fight fraud.



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