Any company fund a cash advance company
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  1. 01-26-2019, 12:47 PM #1
    Bloomingdale Funding
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    Any company fund a cash advance company

    Im asking for a friend who wAnts to expand his/her merchant cash advance company.

    Good credit, 8 months in operations, 15 employees, no nsf.
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  2. 01-26-2019, 01:15 PM #2
    Shorebird
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    www.bananaexchange.com
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  3. 01-27-2019, 02:35 PM #3
    Jayson Yunason
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    I壇 recommend them as well ^
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  4. 01-28-2019, 11:00 AM #4
    mcaguru
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    Funds MCA company as in for deals findings or for operations ? Banana would be more like a credit facility (based on promotional emails)
    Marcus Clapman | Business Development | Cresthill Capital
    (High Commissions Payout Group)
    覧覧覧覧覧覧覧覧覧覧覧覧覧
    Tel: 917-521-6528 | Fax: 212.671.1473
    Email: bizdev@cresthillcapital.com
    http://www.cresthillcapital.com
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  5. 01-28-2019, 11:19 AM #5
    cynthia
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    White Chair Capital Partners
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  6. 01-28-2019, 01:40 PM #6
    Christian
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    I think I saw something about Kalamata offering something for this (better than an MCA).
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  7. 01-28-2019, 01:42 PM #7
    jake2276
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    banana only offers a factoring arrangement on your Ar they wont fund any day to day or any cash into the company. Essentially they will lend to you a percentage of anyones outstanding RTR
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  8. 01-28-2019, 02:16 PM #8
    SmartAdvanced
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    They charge 15% on the funded amount, which is more than 30% APR.. they also fund against 50% of your portfolio, and secure the RTR through a third party service.. It's a great business model for them (since they are making an almost guaranteed 30% annually) but not a great product for funders. (hence why no one really uses them)..
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  9. 01-28-2019, 02:59 PM #9
    SFllc
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    Quote Originally Posted by Christian View Post
    I think I saw something about Kalamata offering something for this (better than an MCA).
    Yes, you might want to reach out to Bruce at Kalamata. They are offering a credit facility for qualified ISOS with a 12% annualized rate.
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  10. 01-28-2019, 03:26 PM #10
    White Chair
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    Feel free to contact me regarding this as White Chair Capital is looking to expand the number of funders we are doing business with.
    robert@whitechaircapital.com
    203.247.2467
    https://www.linkedin.com/in/robertlendrim/
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  11. 01-28-2019, 03:27 PM #11
    White Chair
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    Thank you for mentioning White Chair. Much appreciated. RBL
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  12. 01-28-2019, 03:31 PM #12
    WhoisKingsley
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    Is this MCA Company originating their own submissions? Are they syndicating? I am guessing they aren't funding as there are companies that will put out a hand. There are thousands of Companies out there but only few that have the office structure/people to extend funds to.

    You have your "Banana" that funds off of the existing RTR with no PG - if they have no RTR = no funding.

    Let's chat
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