[BROKER TIME]

Broker Time, please click the "ignore" button on her. Some of us aren't good salespeople so we can't sell MCAs like her ($1mm/mo funded, so she claims), so we try to match out clients with secured loans like real estate, A/R, M&E, over-arching SBAs, or with unsecured LOC, or other creative funding mechanisms.

lol i think were pretty decent size number wise doing 1.3-1.7 mill a month with a 4 person calling crew just know we could be doing more because alot of the files dont fit into MCA or are getting backdoored

[Karen37a]

Spill it.

spill what? ha

[Karen37a]

Broker Time, please click the "ignore" button on her. Some of us aren't good salespeople so we can't sell MCAs like her ($1mm/mo funded, so she claims), so we try to match out clients with secured loans like real estate, A/R, M&E, over-arching SBAs, or with unsecured LOC, or other creative funding mechanisms.

yes your limited experience with secured loans is going to eclipse my venture capital , hard money and loan underwriting experience of 30 years

Enough already..YOU hit the ignore button

[BROKER TIME]

yes your limited experience with secured loans is going to eclipse my venture capital , hard money and loan underwriting experience of 30 years

Enough already..YOU hit the ignore button

everyone else is here to help you are not all you have done is create nonsense and arguments on my post
so please move on to another post

thank you

[Karen37a]

everyone else is here to help you are not all you have done is create nonsense and arguments on my post
so please move on to another post

thank you

Good luck in mca you will need it you are on ignore.. I can smell the defaults coming .. I am not them

Add ... and some of you are playing into this ooo i am backdoored help me crap on an industry board

Adn your greed is getting you...ooo i have a plus paper daily payments help me help me

I know a set up when i see one

[BROKER TIME]

[QUOTE=Karen37a;97176]Good luck in mca you will need it you are on ignore.. I can smell the defaults coming .. I am not them

Add ... and some of you are playing into this ooo i am backdoored help me crap on an industry board

Adn your greed is getting you...ooo i have a plus paper daily payments help me help me

I know a set up when i see one[ What can I possibly gain other than the knowledge that I need to better my business and possibly add more products to my line and to know the truth of who is backdooring and who is not

as far as default it happens to the best of them you can’t control when the debt collector makes a deal sounds so good to some of these merchants
Or when sometimes the merchants over leverage because people give them a few more positions either which case I can tell you that I don’t get many defaults they do happen of course and anyone who works with my company in the industry can vouch for how solid of the company we are I won’t post my company name as I do not need spam from lead companies etc..

[Karen37a]

What can I possibly gain other than the knowledge that I need to better my business and possibly add more products to my line and to know the truth of who is back during and who is backdooring and who is not

as far as default it happens to the best of them you can’t control when the debt collector makes a deal sounds so good to some of these merchants
Or when sometimes the merchandise over leverage because people give them a few more positions either which case I can tell you that I don’t get many defaults they do happen of course and anyone who works with my company in the industry can vouch for how solid of the company we are I won’t post my company name as I do not need spam from lead companies etc..

You said you are in business for years now.You have exsiting relationships

you have a plus paper?

I gave you the right answer...you overlooked it

No one is going to tell you who is backdooring and who is not, and if they do its common sense that people may lie . The people who are responding to you are respnding because you tossed out bait.., i can see you luring in suckers...

goodbye this is a repeat convo ...just new name

[BROKER TIME]

You said you are in business for years now.You have exsiting relationships

you have a plus paper?

I gave you the right answer...you overlooked it

No one is going to tell you who is backdooring and who is not, and if they do its common sense that people may lie . The people who are responding to you are respnding because you tossed out bait.., i can see you luring in suckers...

goodbye this is a repeat convo ...just new name

tossing bait new name

if you took a second to read my post you would see at an all time high
i have built relationships which is why i posted this

but i guess im luring them in to send me deals so i can fund them?

if youd like to know what triggered this i got an email from one of my clients this morning ask me if i sold his info because someone called him up telling me that they have his bank statements and began reading off transactions to prove to him that they were a ”direct lender”

so no idea what your deal is but i can only assume that you werent loved enough as a child

[Karen37a]

tossing bait new name

if you took a second to read my post you would see at an all time high
i have built relationships which is why i posted this

but i guess im luring them in to send me deals so i can fund them?

if youd like to know what triggered this i got an email from one of my clients this morning ask me if i sold his info because someone called him up telling me that they have his bank statements and began reading off transactions to prove to him that they were a ”direct lender”

so no idea what your deal is but i can only assume that you werent loved enough as a child

Years in the business and this is the first time someone called your client? I had someone try it on me day 2...Welcome to Cash advance

How you went so many years and never had anyone call your people is beyond me...its a common experience, so for that reason alone I call bull ****.

Anyway good luck to you. If you just wanted to start a convo dont say ...help me I am backdoored all the time and list all the funders. I am off to find someone who might love me...wish me well

[BROKER TIME]

Years in the business and this is the first time someone called your client? I had someone try it on me day 2...Welcome to Cash advance

How you went so many years and never had anyone call your people is beyond me...its a common experience, so for that reason alone I call bull ****

did i say no one ever called my clients? think of it any which way you want i already have a couple of people who reached out to me via private message who did not ask me to sign up with them but only to shed more light on the matters i would like adressed
and iam definitely looking forward to speaking with them

so enjoy your tv dinner and have a nice night

[Karen37a]

did i say no one ever called my clients? think of it any which way you want i already have a couple of people who reached out to me via private message who did not ask me to sign up with them but only to shed more light on the matters i would like adressed
and iam definitely looking forward to speaking with them

so enjoy your tv dinner and have a nice night

I got backdoored and I am now on food stamps, no tv dinner just govt cheese...maybe you can teach me how to switch up what i say when its in print so i can close sales

[BROKER TIME]

I got backdoored and I am now on food stamps, no tv dinner just govt cheese...maybe you can teach me how to switch up what i say when its in print so i can close sales

good night

[Fundyman]

Good afternoon all,

We have been in the MCA industry for a couple of years now and we are strictly brokers with the occasional syndication
My company receives paper work from a-z and of course we don’t just submit the files to every lender in our arsenal we send A-A B-B ETC….
We do it the right way by cold calling
We do not purchase “special leads” that have bank statements as we are in it for the long haul and look to do right by our clients and our lenders so when we lose a file to these practices it stings a lot harder
Lately I have seen my files have been backdoored at an all-time high
I have tried everything changing phone numbers email addresses etc.. on my applications it doesn’t change a thing

I know most of you will say build a better relationship with your client which is what we emphasize to all of our reps but when they get a call from someone saying MR john doe I have your bank statements in front of me I don’t care how much you think you have built a relationship that client will entertain the new person on the phone
It’s a shame that that’s what we are going up against, but it is reality

I know that a lot of you have a lot more experience on the back end of things and have some good advice, so your input would be appreciated
Below is a list of lenders we are currently working with


On deck
Strategic
Can capital
Quarterspot
Principis
Iou
1st global
BFS
Expansion capital
Uplift capital
In advance
Lendini
Mantis
Yellow stone


Of course, we don’t submit every file we have to all the lenders on the list these are just the people we are signed up with
If you want to post or private message me of who you truly believe the submissions should be going to and who not to send to
I would really appreciate it

I'm reading your list of "lenders" you're currently working with, and without going down too far, I'm thinking: "This guy has noooooooooooooooo clue....."
I'm surprised some of those "lenders" haven't already changed their names to BackDoor Funding or BackDoor Capital by now! Are you kidding me???

It's a crying shame, but from my perspective, many funders have become terribly desperate to the point of risking their long-term credibility & sustainability with ISOs, and just plain backdoor folks. I think perhaps, some of those companies know they're going down soon, so they just take as much paper as they can with them, making every penny count in their downfall, by sucking as much of it out of ISOs as they possibly can.

Others just seem to undervalue smaller ISO shops by not seeing it as a risk to jeopardize that particular relationship; not realizing that sometimes, they'll just get blasted & no matter how bad they'll deny their shady practices, the damage will have been already done. Others as just backdoor shops. You should know better than to just do business with them.

I'm not out to blast out names, of course. They already know who they are. I just wish you had the magnifying glass to see thru the ones I'm talking about...

[Quick Funding Solutions]

On top of this.

I've always suggested to people to not spread yourself out so thin...people give the exact opposite advice.

( this is an example or an analogy)

If a Funder was Funding 5 million a month and you and your team were responsible for 4 million of it...would they backdoor you? maybe...it wouldn't be smart.

Depending on your volume monthly..you do or do not matter to most people this is why the concept of "Super Iso" exists...a bunch of brokers who could have all been an individual Iso( or one with 2-5 people) got talked into following one lone broker into the wilderness and make a team.

If there is a quota on production to be met, there will come a time where you get cut off. I have to admit It was semi-funny to watch the brokers who were bashing the super iso concept get their book of business taken from them.

Solutions...Narrow down your list or go to a smaller funder who might care about you or produce more business or raise capital to syndicate and participate in the deals

Agree with this! (Should be) Basic business strategy, provide VALUE to your Funders/people you are working with- They will take care of you in return (even bend backwoods at times)

[Michael Slabitcher]

Get rid of BFS and watch the backdooring decrease.

Is there a thread on this?

[Michael Slabitcher]

BFS Has been having LOTS of reported Backdoor Issues

Im good w/ every other lender on the list

Is there a thread on this?

[Cashman1]

Cresthill will broker ONLY if ISO agrees. Those wishing to only work with MANTIS than it ONLY gets priced by mantis and never gets brokered out. I have the ability to give references of shops that we paid 100's of K's (some 1M+) who will vouch for why they work high risk (only) with MANTIS ...

Please raise your hand if you know Marcus is lying.

They broker out the deals no matter what broker says!

[BROKER TIME]

Thank you to the handful of you that were helpful

[goldcapitalfunding]

@Broker Time - I would highly recommend that you look into funding your deals with CFG Merchant Solutions. I have done a lot of work with them in the past and they are a top quality funding shop that you can trust. If you inquire, ask for Lior M. or Eric P. and you will be in excellent hands.

[ridextreme]

wow i’m sorry that I asked for help with paperwork that I’m not able to fundd because the terms go only 18 months and are weekly payments

Are you really complaining that you get "only" an 18 month term and are weekly payments? So you prefer daily payments? These are the offers that are the easiest to sell.

[BROKER TIME]

Are you really complaining that you get "only" an 18 month term and are weekly payments? So you prefer daily payments? These are the offers that are the easiest to sell.

maybe some of you dont read well
i did not say i only get 18 months
what i said was
for people that have no interest in MCA 18 months and a weekly doesnt close as often as youd like hence me wanting to add another product to my line

i noticed alot of you posters look to criticize posts

[mcaguru]

Karen did you say your clamming up ? LOL

[Karen37a]

Karen did you say your clamming up ? LOL

LOL...on that one topic

"I know nothing, ive seen nothing...I am just eating govt cheese minding my business wondering how I got here"

[Karen37a]

maybe some of you dont read well
i did not say i only get 18 months
what i said was
for people that have no interest in MCA 18 months and a weekly doesnt close as often as youd like hence me wanting to add another product to my line

i noticed alot of you posters look to criticize posts

You started off this post with huge criticism and accusations...the only reason you got a semi warm reception is that some think you will send them deals.

And you only said it to extract infomation out of people. to lure them in or pass off dead wood

And I took my personal time to type to you the correct answer and you don't get it.

wake up you are not in kansas anymore

[Karen37a]

When I talk with merchants giving them advice o explaining to them the right thing to do...and what they can and can't do in regards to stacking.

And they shrug me off and say...i don't care just give me more money...I know they have a huge chance of defaulting

Its a tell...same with you