Results 1 to 25 of 41
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09-11-2018, 01:49 PM #1
- Join Date
- Apr 2015
- Posts
- 206
Who can compete with Kabbage
Hello, I have a client who does about 1.4 million a year. They have a kabbage loan for 80k. Kabbage takes out 10k a month. I would like to get the client a better deal. Who can compete?
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09-11-2018, 01:58 PM #2
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,502
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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09-11-2018, 02:44 PM #3
- Join Date
- Mar 2017
- Location
- Nunya
- Posts
- 830
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09-11-2018, 03:28 PM #4
- Join Date
- Jan 2015
- Location
- Laguna Beach
- Posts
- 463
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09-11-2018, 04:48 PM #5
- Join Date
- Nov 2014
- Posts
- 438
LoanMe offers monthly payment term loans from $3,500 to $250,000. Minimum FICO 500, Minimum TIB 90 days. Multiple positions ok, final approvals based on affordability, not strictly revenue or deposits. We can work with all "For-Profit" Industries. Give us a call 949-535-7798
LoanMe Business
949-535-7798
Email: Business.Loans@LoanMe.com
www.loanme.com/SBL-partner
1900 S State College Blvd. Suite 300
Anaheim, CA 92806
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09-11-2018, 04:59 PM #6
- Join Date
- Jan 2014
- Posts
- 1,378
when you advertise you should straight forward and put instead of "multiple positions ok", if merchant was funded within 90 days you have to pay them off if there is no room for additional position, and if you pay anything off regardless of amount paid off merchant is not allowed to net any money.
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09-12-2018, 12:02 PM #7
- Join Date
- Jun 2017
- Posts
- 2,049
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09-12-2018, 02:02 PM #8
- Join Date
- Dec 2013
- Posts
- 4,713
I don't compete with Kabbage but i can tell you we make offers or majority of files they would Decline ...
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
——————————————————————————
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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09-12-2018, 02:41 PM #9
- Join Date
- Jul 2018
- Posts
- 21
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09-12-2018, 02:42 PM #10
- Join Date
- Jul 2018
- Posts
- 21
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09-12-2018, 02:48 PM #11
- Join Date
- Dec 2013
- Posts
- 4,713
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
——————————————————————————
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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09-12-2018, 03:19 PM #12
- Join Date
- Jan 2015
- Location
- Laguna Beach
- Posts
- 463
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09-12-2018, 03:22 PM #13
Personally I prefer Quarterspot or LoanMe over Kabbage
If for no other reason than they won't let me play in their sandbox.You either win or you learn. The only failure is in quitting.
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09-12-2018, 03:23 PM #14
- Join Date
- Jan 2015
- Location
- Laguna Beach
- Posts
- 463
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09-12-2018, 03:29 PM #15Karen37aGuest
The object is not to compete to beat the rate, its to find solutions and find what they DISLIKE about their Kabbage loan and compete against that
The # 1 reason people should want to do business with you is that you are a live broker who has sound advice
Brokers exist for a reason, The best ones give advice and their clients look to them for help and advise them on what to do in regards to their Financial Dilemma(s)
I had a merchant who received an unbeatable offer from a funder...he stayed with me daily payments 3 points higher....I am personally worth the 3 points...He sees me as an advisor
Each merchant is different, some dislike them...ask them why. There is a reason the merchants are not just running back for renewals...lack of human intervention
I held at 7-10 points while a renewal dept dropped on me a few times( another company (s) AND held back the payoff letter ...grey hair
And you can't win them all
"karens fighting on the df"....no one really knew what the fights were about. Some are shocking worse than that florida ira stealing companyLast edited by Karen37a; 09-12-2018 at 03:39 PM.
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09-12-2018, 03:43 PM #16
- Join Date
- Oct 2016
- Posts
- 4,318
In politics this is called the “negative campaign” and can work just as well in sales. The most effective tactic is to tell the merchant to ask Kabbage if they’ve stopped beating their wife. If that doesn’t work, photoshop a picture of Kabbage in bed with a dead girl, or worse, a live boy, and present it to the merchant.
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09-12-2018, 03:45 PM #17Karen37aGuest
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09-12-2018, 03:45 PM #18
Funny, thought the OP was asking specifically how to beat the terms of the merchants existing deal.
You either win or you learn. The only failure is in quitting.
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09-12-2018, 03:46 PM #19Karen37aGuest
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09-12-2018, 04:04 PM #20Karen37aGuest
When experienced people have been dancing around answers on these forms the answer is YOU CANT..
YOU WERE BACKDOOED
The FBI is there
They are never paying you they used your money for a vacation or paid the w/2 staff
etc
The nice people are trying to give alternate solutions to help then smart asses constantly saying " that's not what he asked". Why is it anyone's responsibility to put themselves out there and say the 100% truth so people jump them. Didnt you learn anything from me trying to block regulation? 10 people jumping me daily?
People should be thankful that experienced people answer. If you don't like the suggestion move on down to the next one...see you on the unemployment line
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09-12-2018, 04:07 PM #21
- Join Date
- Oct 2016
- Posts
- 4,318
Jdlaw is in deep ****.
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09-12-2018, 04:08 PM #22Karen37aGuest
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09-12-2018, 04:13 PM #23
- Join Date
- Oct 2016
- Posts
- 4,318
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09-12-2018, 04:14 PM #24
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09-12-2018, 04:31 PM #25
- Join Date
- Oct 2014
- Posts
- 60
Kabbage is an entirely different product than an MCA. Unfortunately, we wouldn't be able to compete with their rates and terms, but instead of trying to beat them why not offer them an MCA that runs concurrent with their Kabbage deal. Give me a call to discuss
Daniel Lenefsky
Senior Finance Executive/VP ISO relations
P:646-774-3301
F: 646-398-5656
daniel@yellowstonecapllc.com
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