[MidnightAdvance]

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.

[ryan $]

Great you have a deal now with some neg days. Give me an approval.

*** **** Recovery Center

[MidnightAdvance]

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!

[WestCoastFunding]

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!

How many funders?

[MidnightAdvance]

4 funders. a few days apart.

[patrickw]

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!

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[DonMcGrath]

articleLarge.jpg

Lol

That’s what I do when I walk past the refrigerator.

[Cashman1]

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!

Theres gotta be another account no way possible!

[Cashman1]

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.

So you funded in January, on a daily payment and hes 50 percent paid in 5 months later?

Last I checked you dont give 9-10 month deals!

[CashCat]

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.

[WestCoastFunding]

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.

See this all too often lately. But the merchants aren’t victims tho.

[abfunders]

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.