Results 26 to 50 of 80
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10-15-2018, 02:18 PM #26
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10-15-2018, 02:30 PM #27Karen37aGuest
Last edited by Karen37a; 10-15-2018 at 02:33 PM.
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10-15-2018, 02:47 PM #28John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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10-15-2018, 02:48 PM #29
- Join Date
- Oct 2016
- Posts
- 4,318
On another note, SMH at Bizfund (formerly New Era) for blasting out an email, CCing a million people rather than BCC.
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10-15-2018, 02:53 PM #30Karen37aGuest
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10-15-2018, 02:56 PM #31
- Join Date
- Oct 2016
- Posts
- 4,318
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10-15-2018, 02:57 PM #32Karen37aGuest
It doesnt work that way. and you need to be the first person to apologize...and I do not really care about 99% of the rest
Just like blue sky laws investments ...state by state
https://en.wikipedia.org/wiki/Blue_sky_lawLast edited by Karen37a; 10-15-2018 at 03:00 PM.
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10-15-2018, 02:59 PM #33
- Join Date
- Oct 2016
- Posts
- 4,318
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10-15-2018, 03:00 PM #34
Doesn't make sense those that proudly claim they are 99%"s. It's like I'm a loser celebrate me....Huh
You either win or you learn. The only failure is in quitting.
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10-15-2018, 03:01 PM #35
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10-15-2018, 03:04 PM #36Karen37aGuest
Regulation sucks...that about sums it up...
I was right ...now for the rest of your life live with the fact that " Karen was right about regulation" lol
I wouldn't have fought so hard against it if I didn't know how bad it was
**says the Teflon Don who has a spotless financial licence history ..NASD/finra. insurance nmls since the 80sLast edited by Karen37a; 10-15-2018 at 03:07 PM.
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10-15-2018, 03:07 PM #37
- Join Date
- Oct 2016
- Posts
- 4,318
Oh, no ****, Karen. But once you have federal regulation in place the state’s back off. But when there is NO regulation in place, and aren’t proactive in shaping the inevitable, you get stuck with a state by state mess.
Who’s shaping it now? Brain-dead populists and the banks protecting their loans from MCA-induced defaults.
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10-15-2018, 03:07 PM #38
I have always been for federal regulation because I was scared of state by state laws that will require different contracts and different paperwork and disclosures depending on what stae it was in.. With a federal law would have been one set of rules across the board we would have adjusted and made it work.. State by state will be a slow bleed and a giant pain in the ass
John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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10-15-2018, 03:09 PM #39Karen37aGuest
it still isnt good
There is a way around this...they really cant turn a purchase of recievables into a loan
its like turning a chicken into a turkey
I think it will eventually be struck down
Like this took 3-5 years to KILL
Dol is officially dead
https://www.investmentnews.com/artic...y-rule-is-dead
Trump rolls back Doody Frankenstien
https://www.cnbc.com/2018/05/24/trum...gulations.htmlLast edited by Karen37a; 10-15-2018 at 03:11 PM.
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10-15-2018, 03:12 PM #40
they are not calling a purchases of receivables a loan they are just saying MCA will fall under this law
John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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10-15-2018, 03:14 PM #41Karen37aGuest
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10-15-2018, 03:19 PM #42Karen37aGuest
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10-15-2018, 03:22 PM #43
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,508
I will say this again....regulation in any part of capital markets is inevitable. They are put in place to protect the customer first, the stability of the markets, and then the stability of the market participants/institutions. Institutions are far better off with a federal regulation as it is easier to manage then regulations for each different state. Brokers and referral partner are better off with federal regulation as state regulation management comes with a higher cost to manage. If institutions are forced to manage regulations from each different state, the cost of managing the regulations will cut margins...thus forcing them to cut costs internally and to referral partners.
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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10-15-2018, 03:22 PM #44Karen37aGuest
https://www.elastic.com/?gcid=goobre...E&gclsrc=aw.ds
Look at this.. A bank with cash advances charging 50%..
"flexible credit line"Last edited by Karen37a; 10-15-2018 at 03:24 PM.
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10-15-2018, 03:26 PM #45Karen37aGuest
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10-15-2018, 03:31 PM #46
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,508
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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10-15-2018, 03:33 PM #47Karen37aGuest
Its called American Business owners and I am my own referral source at times
I saw it LIVE...my own live samples...no one can dispute it...i lived it....thats why people have to lead from the front...do it and you can teach and see for yourself
They make these bad mca brokers look good sometimes
So the point is Calif doesn't have to protect them like they are a turtle...they will use that to their advantage to con more
its non negotiable it will happenLast edited by Karen37a; 10-15-2018 at 03:35 PM.
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10-15-2018, 03:46 PM #48Karen37aGuest
Bad brokers are 1/8th of what the bad merchants are...American Business
They are going UNDER the question is when and whos throat they are going to cut on the way out ..it is not going to be mine or my direct funders
80% of entrepreneurs starting a business fail within the first 18 months. (Forbes)
50% of startups fail after operating for four years. (Statistic Brain)
66% of small businesses will fail within 10 years. (Tutsplus)
50% of small businesses fail after five years. (Small Business Trends)
3 out of 10 new companies “fail to survive” for more than 24 months. (Wasp Barcode)
Only 33% percent of startups reach their 10 year anniversary. (Credit Donkey)
Only 1 out of 5 new businesses survive past their first year of operation. (USA Today)Last edited by Karen37a; 10-15-2018 at 03:51 PM.
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10-15-2018, 03:52 PM #49
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,508
Karen-The regulations are not written to protect bad customers. They are written to protect all customers. If you choose to do business with anyone, anyhow, anyway in an attempt to make money, you will get burned. Hence the reason to know your customer, know your referral source, and know your source of capital. Relationships always end the way they start.
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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10-15-2018, 03:55 PM #50Karen37aGuest
And no one needs to keep talking about lowering rates below par value OR protecting them( from brokers constantly)...50% of them are liars and frauds
This isnt happy la la land....its money...people will do a lot for 100k including kill their family for a insurance policy
Do we have bad brokers...yes...bad merchants yes...bad funders yes bad politicians yes bad bankers yes
( bad merchants are the largest category ..beating all the others combines 10 fold)
This is just the reality of wall st and finance..I wish it wasn't
Regulation is a bad bad move...people will see why
And lending into that dead pool at certain rates is juvenile and embarrassing ( Its not my money either...i should want low low rates) I just know everyone will go under.Last edited by Karen37a; 10-15-2018 at 04:04 PM.
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