Results 1 to 25 of 29
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01-13-2019, 04:03 PM #1
- Join Date
- Aug 2018
- Posts
- 729
Silver cup funding, consolidations
Direct funder or iso?
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01-13-2019, 09:27 PM #2
- Join Date
- Oct 2016
- Posts
- 4,318
ISO. Besides having a janky website, they also have issues with spelling. From their site:
“As both a directed source of funding and
the country’s largest ISO network, we have numerous in-house funders that concentrate
on specific industries/businesses, while also having numerous funding partners within the MCA
industry who fund our “outside-the-box” deals”
http://silvercupfunding.com/
It’s all crap. They’re brokers.Last edited by WestCoastFunding; 01-13-2019 at 09:30 PM.
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01-14-2019, 09:20 AM #3
- Join Date
- Jul 2014
- Location
- Online
- Posts
- 965
There are a sh*t ton of Companies claiming to do consolidations or reverse consolidations. I swear - use the search button on the top right and search "consolidations"
Since 2015 this has been a talk and there are constant Companies that claim they do consolidations for MCAs but DO NOT. If they say they do CONSOLIDATIONS - Unsecured - or Reverse Consolidations - know there are only 3 credible Companies right now (Jan 2019) that can do a reverse within a weeks time. THIS DOES NOT COUNT YOU IN-HOUSE "My Company does this too!" - IF they do it more "in house" they don't count because those Companies do NOT give their outside partners the same advantage and ask the questions and REQUEST what is needed to qualify for one.
PM me your email and i'll send training this week on submission qualification and guidelines for the Companies and send you to them directly to sign up as an ISO.Amanda Kingsley
DailyFunder: WhoisKingsley
This is me. https://www.facebook.com/whoiskingsley
I am Here too. https://www.facebook.com/groups/TheClosersGroup
Always Live and Lead with Integrity.
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01-14-2019, 09:32 AM #4
- Join Date
- Jul 2014
- Location
- Online
- Posts
- 965
Amanda Kingsley
DailyFunder: WhoisKingsley
This is me. https://www.facebook.com/whoiskingsley
I am Here too. https://www.facebook.com/groups/TheClosersGroup
Always Live and Lead with Integrity.
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01-14-2019, 10:18 AM #5
- Join Date
- Oct 2016
- Posts
- 4,318
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01-14-2019, 11:40 AM #6
- Join Date
- Feb 2018
- Posts
- 1,349
^ so true
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01-15-2019, 03:51 PM #7
- Join Date
- Oct 2012
- Posts
- 360
100% direct .. i did 1.5 million in reverse already in January with them ..i could be asswhole and tell you guys he is an iso to keep you away but i like the guy..( avi )
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01-15-2019, 04:33 PM #8
- Join Date
- Dec 2017
- Posts
- 397
we do reverses ... very low risk but must login every single week to verify account, what a pain
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01-17-2019, 11:36 AM #9
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
All very interesting. We have a client doing $1M per month- in growth mode- that took on over $1m in advance debt behind a term loan.
We have coordinated a revolver (LOC) to take out the term note (and save the client 10k per month), and a portion of the advances (still 850k in balances). Have had conversations with several Funders, and their Underwriting to consolidate the balance is not based on increased cash flow, an inter-credit agreement, or or even available assets to attach to.
Consolidations cannot be done in a vacuum. Each situation is unique as each company is. Until a Funder truly understands the path in which the client will no longer need advances there will not be a true solution.
We deploy our own capital (purchase of future receivables up to 150k) on consolidations- when we KNOW the money is a Bridge to a long term solution. We are not interested in being a 'Direct Funder' but rather a direct solutions provider. If the client/broker wants a real solution- we are happy to give an honest assessment- and provide one if/when it makes sense to do so. Our partners earn twice on those deals- once on the Bridge and then again on the long term solution.
Touch base for assistance..
Richard Gusmano, Managing Director
Business Capital Consultants
3237 Route 112
Medford NY 11763
rg@businesscapitalconsultants.com
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01-17-2019, 02:56 PM #10
- Join Date
- Aug 2018
- Posts
- 4
He's a direct funder. I have done a couple of regular deals with him and some reverses as well
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01-17-2019, 02:59 PM #11
- Join Date
- Nov 2018
- Posts
- 4
He is direct funded a 200k reverse with him in December
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01-17-2019, 03:18 PM #12
- Join Date
- Jun 2018
- Posts
- 24
Last edited by SarahG; 07-09-2020 at 04:10 PM.
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01-17-2019, 03:22 PM #13
- Join Date
- Feb 2017
- Posts
- 3,396
8 reverses in the last 30 days, eh?
First posts for both marky mark and SarahG.
Admin, please IP-address check these guys please
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01-17-2019, 03:57 PM #14
- Join Date
- Dec 2018
- Posts
- 66
Shady recognize shady
Iso recognize iso
They are iso
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01-17-2019, 05:59 PM #15
- Join Date
- Nov 2018
- Posts
- 4
Never seen the need to post before I know he's a real Funder Funded a nice deal with him thought I would recommend others to him. and yes pls check my IP.
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01-18-2019, 01:01 AM #16
- Join Date
- Aug 2018
- Posts
- 729
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01-18-2019, 01:02 AM #17
- Join Date
- Aug 2018
- Posts
- 729
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01-18-2019, 01:03 AM #18
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- Aug 2018
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- 729
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01-18-2019, 01:04 AM #19
- Join Date
- Oct 2016
- Posts
- 4,318
They are brokers. Their website says they use outside sources to fund.
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01-18-2019, 08:48 AM #20
- Join Date
- Oct 2012
- Posts
- 360
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01-18-2019, 08:51 AM #21
- Join Date
- Oct 2012
- Posts
- 360
and that was part of the millions i did with him
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01-18-2019, 08:51 AM #22
- Join Date
- Feb 2017
- Posts
- 3,396
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01-18-2019, 08:52 AM #23
- Join Date
- Oct 2012
- Posts
- 360
damn right
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01-18-2019, 08:53 AM #24
- Join Date
- Oct 2012
- Posts
- 360
and shabbat shalom my freind
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01-20-2019, 02:04 AM #25
- Join Date
- Aug 2018
- Posts
- 729
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