[MidnightAdvance]

Saw a deal doing $20 million a month, first position, gets funded 300k 75 days.
Would anyone try to explain what the guy is thinking..?

[HDF]

Vegas trip under the radar.

[Zach]

What kind of factor?

[MidnightAdvance]

1.4999

[WestCoastFunding]

The broker had no clue what they were doing.

[FunderFL]

The broker had no clue what they were doing.

Neither did the merchant, hard to believe a company with a quarter billion in revenue would take an MCA. Something doesn't seem right on this one...

[MidnightAdvance]

Not the first time I’ve seen this. God knows.

[showtime73]

maybe the closer sold him on the refi . Once refi comes cut commission tremendously to lock in client... who knows.

[Cashman1]

Saw a deal doing $20 million a month, first position, gets funded 300k 75 days.
Would anyone try to explain what the guy is thinking..?

Tax lien? Bk?

[PDM Cap]

He was looking to give his money away. Broker called him at the right time.

PDM Capital
39 Broadway
New York, NY 10006
Info@pdmcapital.com

[Michael I]

you are probably seeing the one guy who funded the wrong account. probably 10 others in some other account

[ryan $]

Crack Cocaine?

[Karen37a]

Edit **

numerous positive and negative reasons.

[WestCoastFunding]

you are probably seeing the one guy who funded the wrong account. probably 10 others in some other account

I laughed when I saw this because it’s a real possibility.

[WestCoastFunding]

Vegas trip under the radar.

I think we’ve all had some merchants/clients that were Lowkey degenerate gamblers.

[Karen37a]

I think we’ve all had some merchants/clients that were Lowkey degenerate gamblers.

He may want to buy a boat and there is no boat financing and telling you he needs inventory...I've heard everything on the phone when I do my mini merchant calls.

I love when i hear "corp turnaround" and someone then backdoors me...after I warned them to kill the file.

[Karen37a]

The reason brokers are taught to wear a 5k suit..have a Rolex....mont blanc pen etc is so they can compete on this level from month 2

( millionaires)....Raise your expectations...see over the horizon...until you actually make it there.

This has seriously been a unique experience in dragging salespeople into the gutter holding on for dear life trying to stay positive.

[WestCoastFunding]

This has seriously been a unique experience in dragging salespeople into the gutter holding on for dear life trying to stay positive.

Who is dragging salespeople into the gutter?

[Karen37a]

Who is dragging salespeople into the gutter?

reverse close half twist sleeper hold closing move

have fun ***

[ADiamond]

Saw a deal doing $20 million a month, first position, gets funded 300k 75 days.
Would anyone try to explain what the guy is thinking..?

probably just needed some quick money and doesn't give a f*ck, maybe even intends to pay it off soon for a discount.

when you have that much money you don't care about paying a vig to use someone else's money, if you can make a quick steep profit - or to just float you through a little down period.

most funders max out at 300k, most cant even handle that much without taking on syndication. so it's no surprises they didn't fund more. probably had to also do with the broker and their relationships - obviously they did not have the right connections to offer their client a more attractable funding.

[ADiamond]

I think we’ve all had some merchants/clients that were Lowkey degenerate gamblers.

I always laugh when I see Mohegan Sun, Borgata, or Las Vegas casino debits in a clients account - It helps me spark conversation about common interests. I even had one client who absolutely did not want a renewal - we tried so hard to sell it - I logged into his bank account and saw a $2MM check from Mohegan sun deposited LOL now he can start his own cash advance company!

[MidnightAdvance]

Sometimes you need pure talent to fund a deal. When the bank is that fat I look at the bank account as a collateral .