[StipMeBabyOneMoreTime]

Interesting way of raising capital. Essentially a private placement. Wonder if we'll start to see more like this.

https://www.yieldstreet.com/offering...ss-financing-i

[Kevin Henry-Seacoast]

Interesting way of raising capital. Essentially a private placement. Wonder if we'll start to see more like this.

https://www.yieldstreet.com/offering...ss-financing-i

These crowd funding type deals are done every day across a variety of industries. What interesting is now you know the cost of their base capital = 13%.

[StipMeBabyOneMoreTime]

Yep, actually 15% (inclusive of YieldStreet's 2% cut). I hadn't seen one specific to MCAs that was marketed to individual investors.

[Amity]

What is interesting here is not just crowdfunding as a source of capital but the use of a securitization structure. We offer a similar structure but at a lower rate than the 15% being paid by Quicksilver.

[Karen37a]

I am not the compliance officer here but I think the maximum amount that can be raised in a single year under Reg CF is limited to $1,070,000.

JOBS Act includes regulations D, S and A+. Reg D involves very little paperwork and is the least expensive. Reg S is for offshore investors and Reg A+ is costly and for 20-25 mil or more

They must be Accredited investors

( check with a Financial lawyer)

[StipMeBabyOneMoreTime]

I forgot about this thread. This is more interesting after the 1st Global issues.

[Tobay]

How are other funders in addition to QuickSilver and 1st Global financing their operations?

[Karen37a]

How are other funders in addition to QuickSilver and 1st Global financing their operations?

why? Is this where I tell people to have an Atty present?

It is through accredited investors I assume, or hedge funds, family office , private money or bank lines

[StipMeBabyOneMoreTime]

How are other funders in addition to QuickSilver and 1st Global financing their operations?

Bank lines, private equity, hedge funds, securitizations. The bigger funders will generally press release their capital raises.

https://debanked.com/2018/05/strateg...ecuritization/

https://debanked.com/2018/02/bfs-cap...evolving-line/

https://debanked.com/2016/07/fundry-...-is-still-hot/

[Jess]

Interesting way of raising capital. Essentially a private placement. Wonder if we'll start to see more like this.

https://www.yieldstreet.com/offering...ss-financing-i

If the all in cost to QuickSilver was 13% that's not bad for a small funder. I don't know what will happen with YS given Dennis Shields death. The bulk of their orginations came Law Cash and Esquire.

[Karen37a]

If the all in cost to QuickSilver was 13% that's not bad for a small funder. I don't know what will happen with YS given Dennis Shields death. The bulk of their orginations came Law Cash and Esquire.

Terrible thing. That oxy stuff is very dangerous, once people get on it they can't get off ( they said his was prescribed for a bad back or injury..which I think is true)

( and I am getting my info from the hamptons gossip underground)

[Amity]

If the all in cost to QuickSilver was 13% that's not bad for a small funder. I don't know what will happen with YS given Dennis Shields death. The bulk of their orginations came Law Cash and Esquire.

The rate is actually 15% which still isn't too bad. We arrange structured financings. I am looking for MCA funders and small business lenders who would be interested in a similar deal but at an even lower rate.


PM with questions or expressions of interest.

[mcaguru]

If the all in cost to QuickSilver was 13% that's not bad for a small funder. I don't know what will happen with YS given Dennis Shields death. The bulk of their orginations came Law Cash and Esquire.

was very sad to hear about Dennis's untimely death. Volfi who comes from a deep background within the real world of ABS / credit facilities is the real deal!

[Karen37a]

Jess. You sure have a lot of information ( and I am saying this nicely)

You are one of those people if I ever got in a room with you, Id grab a pen, shut my mouth and just take notes.

[WestCoastFunding]

Jess. You sure have a lot of information ( and I am saying this nicely)

You are one of those people if I ever got in a room with you, Id grab a pen, shut my mouth and just take notes.

0% chance you’d shut your mouth, Karen. 0%.

[Karen37a]

0% chance you’d shut your mouth, Karen. 0%.

I wouldn't drink 2 pots of coffee...so don't bet on that

[DonMcGrath]

0% chance you’d shut your mouth, Karen. 0%.

Dilly, dilly