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  1. #1
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    Business Backer Parent Company ENOVA stock up over 25% in 1 day!

    https://www.cnbc.com/2018/04/26/the-...-snapshot.html


    Would not be surprised if they pick up another MCA company in the near future ....
    Marcus Clapman | Business Development | Cresthill Capital
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  2. #2
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    the past owners made a great deal before exiting the business w/Enova.

  3. #3
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    27M its tough to tell whats if it could have been sold for 127M a few years later ?
    Marcus Clapman | Business Development | Cresthill Capital
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    Tel: 917-521-6528 | Fax: 212.671.1473
    Email: bizdev@cresthillcapital.com
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  4. #4
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    Enova seems to be aggressively seeking brokers for BB and Headway Capita. Anyone else seeing that?

  5. #5
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    Seems like something has to give to many funders fighting for to few brokers (there are lots of brokers but you need ot go out of the box to get to them -- that's all I'm saying )
    Marcus Clapman | Business Development | Cresthill Capital
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    Tel: 917-521-6528 | Fax: 212.671.1473
    Email: bizdev@cresthillcapital.com
    http://www.cresthillcapital.com

  6. #6
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    Quote Originally Posted by mcaguru View Post
    27M its tough to tell whats if it could have been sold for 127M a few years later ?
    they saw the stacking and other issues emerging and called it quits. is $27M what TBB sold for?

  7. #7
    Karen37a
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    Just out of curiosity ...how much does business backer fund monthly?

  8. #8
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    they fund both direct and from my understanding, use other funders for funding deals as well. nothing new, many A funders have plugs out there for their declines. so, the ? is direct funding how much and non direct.

  9. #9
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    Quote Originally Posted by fundingsmbs View Post
    they fund both direct and from my understanding, use other funders for funding deals as well. nothing new, many A funders have plugs out there for their declines. so, the ? is direct funding how much and non direct.
    That's correct will never reveal but many of the largest houses in the country use Mantis!

    and its always a good opportunity to join the train.
    Last edited by mcaguru; 04-27-2018 at 02:33 PM.
    Marcus Clapman | Business Development | Cresthill Capital
    (High Commissions Payout Group)
    覧覧覧覧覧覧覧覧覧覧覧覧覧
    Tel: 917-521-6528 | Fax: 212.671.1473
    Email: bizdev@cresthillcapital.com
    http://www.cresthillcapital.com

  10. #10
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    Quote Originally Posted by mcaguru View Post
    Seems like something has to give to many funders fighting for to few brokers (there are lots of brokers but you need ot go out of the box to get to them -- that's all I'm saying )
    Are there too few brokers?

  11. #11
    Karen37a
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    $$ dollar amount funded is the name of the game.

    how much monthly not including renewals

    I worked fo someone and almost walked out when I heard 7 million ...i said a month...no a year.

    I said ...im going to fund 7 million myself...where are were going to get the rest of the money.


    Karen behave

  12. #12
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    I am not saying the # is declining i think its going up but in proportion to funders it may be sliding...I see to much competition in the 6-12 month box. i can be wrong on the matter.
    Marcus Clapman | Business Development | Cresthill Capital
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    Tel: 917-521-6528 | Fax: 212.671.1473
    Email: bizdev@cresthillcapital.com
    http://www.cresthillcapital.com

  13. #13
    Karen37a
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    Quote Originally Posted by WestCoastFunding View Post
    Are there too few brokers?
    West coast I could round up...300 brokers 1099 ...where would the money come from...seriously cut it out

  14. #14
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    Quote Originally Posted by mcaguru View Post
    https://www.cnbc.com/2018/04/26/the-...-snapshot.html


    Would not be surprised if they pick up another MCA company in the near future ....
    I know of another company's stock that has been performing very well over the last 12 months....
    Hedley Lamarr......That's Hedley

  15. #15
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    def a large amount of new generation funders 4-12 month area. and considering most don't really want 18 mo portfolios with brokers due to stacking, the space is crowded.

  16. #16
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    Quote Originally Posted by mcaguru View Post
    That's correct will never reveal but many of the largest houses in the country use Mantis!

    and its always a good opportunity to join the train.
    not sure if the A funders send you business, but, they def send to other companies who are looser in policies/uw. anyone with a direct sales model has plugs with other funders for declines today.

  17. #17
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    Quote Originally Posted by kevinhenry0527 View Post
    I know of another company's stock that has been performing very well over the last 12 months....
    Yep love Seacoast! stock doubled since started to follow
    Marcus Clapman | Business Development | Cresthill Capital
    (High Commissions Payout Group)
    覧覧覧覧覧覧覧覧覧覧覧覧覧
    Tel: 917-521-6528 | Fax: 212.671.1473
    Email: bizdev@cresthillcapital.com
    http://www.cresthillcapital.com

  18. #18
    Karen37a
    Guest
    Oh I do not miss the days of taking people into private placements then taking them IPO and public.

    A few of my friend's companies are still independently owned with 2-10 billion assets under management...they are making boo koo bucks,

    Hard to stay independent some dont want to, most cant.

  19. #19
    Karen37a
    Guest
    Some of us who made it thru regulation ...doody frank etc etc shudder at the thought ...compliance costs crushed most...most never made it .

    Some were forced into a compliance officer position against their will,like me to avoid the millions in compliance costs and fees etc and to supervise the insanity. testing over and over and retesting...year end courses to take to stay certified. I do not ever want to look at another series 7/24/64 ...insurance licence CE yearly exam again. ick

    made a Chinese wall between outside brokers and inside order takers...that wasn't fun

  20. #20
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    Knock it off, Karen.

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