Results 1 to 12 of 12
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03-13-2018, 11:44 AM #1
- Join Date
- Dec 2016
- Location
- Brooklyn N.Y.
- Posts
- 428
Fat balances
A deal comes through for renewal, we funded it in Jan, there's another three positions, pulling 50%+ of the revenue, we passed on the renewal.
It's interesting to see, people will fund deals with fat balances, a lot more aggressively, than deals with less positions but with more negative days.
To me a few negative days might some times be a plus, because I know I'm not getting stacked like crazy.High risk paper
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03-13-2018, 11:52 AM #2
- Join Date
- Jun 2017
- Posts
- 2,049
Great you have a deal now with some neg days. Give me an approval.
*** **** Recovery Center
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05-30-2018, 02:45 PM #3
- Join Date
- Dec 2016
- Location
- Brooklyn N.Y.
- Posts
- 428
Saw a deal just now:
$120k Revenue
$600k funded
Let me repeat that: $120k revenue, $600k funded.
Biggest shock of it all: wasn't even the same day!High risk paper
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05-30-2018, 02:48 PM #4
- Join Date
- Oct 2016
- Posts
- 4,318
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05-30-2018, 02:49 PM #5
- Join Date
- Dec 2016
- Location
- Brooklyn N.Y.
- Posts
- 428
4 funders. a few days apart.
High risk paper
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05-30-2018, 02:49 PM #6Patrick Wilson
Managing Partner
www.PremierCapitalNetwork.com
(NO MORE LENDER/FUNDER CALL PLZ)
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05-30-2018, 03:51 PM #7
- Join Date
- Dec 2015
- Posts
- 617
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05-30-2018, 04:16 PM #8
- Join Date
- Jan 2018
- Posts
- 353
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05-30-2018, 04:18 PM #9
- Join Date
- Jan 2018
- Posts
- 353
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05-30-2018, 04:23 PM #10
- Join Date
- Jul 2014
- Posts
- 40
Customer probably got scammed:
Conman....take these 4 advances and pay me an additional %.
The Promise: If you make your payments for two weeks I have a TRUE Monthly payment option for you with a 5 year term.
The Scam: Merchant starts calling, emailing, texting trying to get his Extended Monthly payment only to realize he is stuck trying to pay for all of these positions.
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05-30-2018, 04:26 PM #11
- Join Date
- Oct 2016
- Posts
- 4,318
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05-30-2018, 04:47 PM #12
- Join Date
- Feb 2017
- Posts
- 3,463
I think we need to start warning our merchants of these scammers. They're sneaking in through CRM hacking or have insiders on the underwriting floors. Or maybe they're just using Silver Bullet leads..... either way, we need to start protecting ourselves.
And the main culprit was discussed here, but admin's "BEWARE OF" deletions got rid of who we should all be telling merchants to "BEWARE" of.
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