Need a Funder or Vendor? START HERE

Results 1 to 22 of 22
  1. #1
    Senior Member Reputation points: 31326
    Join Date
    Apr 2018
    Posts
    180

    WTF is RTR?

    anyone know what RTR stands for?

  2. #2
    Senior Member Reputation points: 503040
    Join Date
    Oct 2016
    Posts
    4,319

    Right to receive. Payback amount.

  3. #3
    Senior Member Reputation points: 86751
    Join Date
    Feb 2018
    Posts
    1,346

    welcome to the industry

  4. #4
    Karen37a
    Guest
    Quote Originally Posted by WestCoastFunding View Post
    Right to receive. Payback amount.
    It can also mean Repayment Track Record and 5 other things...depends on the context

    like RTR means Ready to Rumble also known as First to close
    Last edited by Karen37a; 11-02-2018 at 01:01 PM.

  5. #5
    Banned Reputation points: 179851
    Join Date
    Jun 2017
    Posts
    2,051

    Hi I just got my first MCA Contract

  6. #6
    I thought it was "right to retrieve"

  7. #7
    Quote Originally Posted by happyman View Post
    anyone know what RTR stands for?
    Send me the contract so I have some context. Then I'll be able to tell you for sure.

    Please also include merchant contact info and 3 months bank statements.

  8. #8
    Senior Member Reputation points: 31326
    Join Date
    Apr 2018
    Posts
    180

    sure ill send the app as well. save you the trouble.

  9. #9
    Senior Member Reputation points: 54975
    Join Date
    Dec 2013
    Posts
    4,713

    New ISO's please call me at some point even the CEO's of the largest funding companies did not know what MCA stood for ...I am the guy you can email or call anonymous and ask me any question you have on the business so when you talk to others you will sound like a pro!! (and you never have to send me a deal!!). I drive 1 hour each way to work..please anything you ever have on the industry about the past / present or future please reach out and ask...email me and will set a time !
    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

  10. #10
    Senior Member Reputation points: 86751
    Join Date
    Feb 2018
    Posts
    1,346

    The Pro's know all the acronyms. You will eventually pick up on the lingo if you hang in there long enough.

  11. #11
    Senior Member Reputation points: 6639 gaxisa's Avatar
    Join Date
    Nov 2017
    Location
    New York, NY
    Posts
    171

    Quote Originally Posted by mcaguru View Post
    New ISO's please call me at some point even the CEO's of the largest funding companies did not know what MCA stood for ...I am the guy you can email or call anonymous and ask me any question you have on the business so when you talk to others you will sound like a pro!! (and you never have to send me a deal!!). I drive 1 hour each way to work..please anything you ever have on the industry about the past / present or future please reach out and ask...email me and will set a time !
    I emailed you at 9:52 AM and have yet to get a response, Marcus.
    Gary Axisa
    Blue Streak Capital, Inc.
    PM me for my email

  12. #12
    Karen37a
    Guest
    Quote Originally Posted by gaxisa View Post
    I emailed you at 9:52 AM and have yet to get a response, Marcus.
    lol

    Sorry not laughing at you, just laughing that Quick Draw Mcgraw doesn't respond to emails
    Last edited by Karen37a; 11-02-2018 at 01:41 PM.

  13. #13
    Senior Member Reputation points: 19024
    Join Date
    Feb 2016
    Posts
    236

    Lmfao!

  14. #14
    Senior Member Reputation points: 57713
    Join Date
    Dec 2017
    Posts
    397

    hope it's a payoff and not a default context

  15. #15
    Senior Member Reputation points: 503040
    Join Date
    Oct 2016
    Posts
    4,319

    Quote Originally Posted by Karen37a View Post
    It can also mean Repayment Track Record and 5 other things...depends on the context

    like RTR means Ready to Rumble also known as First to close
    Also reel-to-reel.

  16. #16
    Senior Member Reputation points: 7717
    Join Date
    Jan 2015
    Posts
    97

    Ready to Rage!

  17. #17
    Senior Member Reputation points: 29177
    Join Date
    Aug 2018
    Posts
    696

    Quote Originally Posted by mcaguru View Post
    New ISO's please call me at some point even the CEO's of the largest funding companies did not know what MCA stood for ...I am the guy you can email or call anonymous and ask me any question you have on the business so when you talk to others you will sound like a pro!! (and you never have to send me a deal!!). I drive 1 hour each way to work..please anything you ever have on the industry about the past / present or future please reach out and ask...email me and will set a time !
    Try chrome capital (david margolies) and ysc (landon thomason).. theyre all you need... and 10 other places before choosing mantis. Experiences with these guys have been so bad...

  18. #18
    Senior Member Reputation points: 54975
    Join Date
    Dec 2013
    Posts
    4,713

    Quote Originally Posted by Zonefund View Post
    Try chrome capital (david margolies) and ysc (landon thomason).. theyre all you need... and 10 other places before choosing mantis. Experiences with these guys have been so bad...
    How about we make a deal since you say we are so bad. for every commission we pay out you pay 1% and will pay the other 99%. so if we are bad it won’t be much however if we pay a million a month in commissions it’s 10K — let me if you want to discuss making this deal. It’s only 1%.
    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

  19. #19
    Senior Member Reputation points: 503040
    Join Date
    Oct 2016
    Posts
    4,319

    Quote Originally Posted by mcaguru View Post
    How about we make a deal since you say we are so bad. for every commission we pay out you pay 1% and will pay the other 99%. so if we are bad it won’t be much however if we pay a million a month in commissions it’s 10K — let me if you want to discuss making this deal. It’s only 1%.
    They pay out a portion of your obligations in return for nothing? Oh yes, that’s some deal.

  20. #20
    Senior Member Reputation points: 54975
    Join Date
    Dec 2013
    Posts
    4,713

    It’s just a point I’m trying to make. He’s saying we are terrible lol amd probably not doing much. So I’m saying I don’t think he can risk paying 1% (or even less being that just 1 percent or less can become an unaffordable deal for him.
    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

  21. #21
    Senior Member Reputation points: 11887 KINGCASH's Avatar
    Join Date
    Jan 2017
    Posts
    190

    Quote Originally Posted by zonefund View Post
    try chrome capital (david margolies) and ysc (landon thomason).. Theyre all you need... And 10 other places before choosing mantis. Experiences with these guys have been so bad...
    lol!

  22. #22
    Senior Member Reputation points: 54975
    Join Date
    Dec 2013
    Posts
    4,713

    Guys mantis is funding literally deals backto-back-to-back im getting funded emails from final funding department every few minutes!!
    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



Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

SubcontractorHub, Lendica partner
BoA launches business loan marketplace
Quickbooks adds new LOC product


DIRECTORY