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02-13-2019, 12:57 PM #1
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Tired of MCA options for your clients we have other solutions.
We work hand to hand with a very large hedge fund. We specialize in term loans. The pay out is roughly a point but you can charge a flat fee from your merchant. Make sure it's a flat fee not a percentage fee because it's a loan no and MCA a percentage fee is NOT legal on APR loans. We don't really care about statements we mainly look at tax returns and AR's. We can fund up to 10M rates go from 8.9% to a max of 15% APR it can start from 3 to 6 years. We take every deal and analyze we don't really have restricted industries if the numbers make sense. Feel free to reach out if you have any questions.
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02-13-2019, 01:19 PM #2
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No one is going to charge a "flat fee" - they are going to rape them and do a monthly fee and do it so sloppy for over $100k and wind up getting sh*t when the Business Owner realizes and the "fee" isn't iron clad or associated with the "loan". You have guys charging fees on MCAs here you think they are going to listen?
Are you pushing the paper or are you actually doing the due diligence on the file and representing the business to the hedge? I ask because for the amount of work I put into these types of files for those who need a resource outside of MCA the - the small % I charge to process for the hedge is worth it.
who is "We" ?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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02-13-2019, 01:54 PM #3
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You are absolutely right the fee will be discussed before funding takes place and if a penny over that gets charged the merchant will be advised to stop the ACH (they have a few day's to do so). We is www.lenderacapital.com. Yes the small fee is worth it because of the high dollar amount of each deal.
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02-13-2019, 01:58 PM #4
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02-13-2019, 02:00 PM #5
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02-13-2019, 01:35 PM #6
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02-13-2019, 02:07 PM #7
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yes they do
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02-13-2019, 02:09 PM #8
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02-13-2019, 01:57 PM #9
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If your basing deals off TR's., thats a different story as many TR's show losses.
gmail account?
Villa Nova Street
Staten Island, New York
Lenderacapital@gmail.comLast edited by fundingsmbs; 02-13-2019 at 02:00 PM.
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02-13-2019, 02:05 PM #10
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02-13-2019, 02:09 PM #11
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It's actually Ozzie Sadok and yes I used to work at Target Advance and now I moved on to bigger things thank you for pointing out the obvious.
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02-13-2019, 02:10 PM #12
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02-13-2019, 02:15 PM #13
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If you are on here just to push buttons move on. I am sure I will never see a single deal from you either way if you are interested to know more reach out to me personally. Why would I give the license number of my source, so you can try to reach out to them directly thank you but no thank you. Just like you don't trust me I have no clue who you are and definitely not liking the first impression.
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02-13-2019, 02:46 PM #14
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02-13-2019, 02:05 PM #15
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Will Lendera have issues with Fundera?
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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02-13-2019, 02:18 PM #16
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- Feb 2019
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It depends if we can buy them out then no because we require first lean position. If they do not get approved for a high enough dollar amount then yes it will be a problem.
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02-13-2019, 02:50 PM #17
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- Jul 2014
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- 92
Since you're calling people out for their intelligence you may want to learn the correct spelling of "lien."
This is a site full of salty, experienced professionals that regularly expose people for questionable business tactics... but they are also your target audience. Instead of getting insulted and defensive, use it as an opportunity to tackle some of the obstacles you'll run into as you attempt to build your network. Good luck!
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02-13-2019, 03:38 PM #18
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02-13-2019, 02:07 PM #19
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Target Advance was a direct funder. They are not longer funding.
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02-13-2019, 03:25 PM #20
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- Feb 2019
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I am no longer by Target Advance, They are still funding and they are an amazing company I have seen them do the impossible to many merchants.
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02-13-2019, 03:34 PM #21
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02-13-2019, 03:04 PM #22
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Every new lender out there is asking to share client's sensitive information. Anyone who is currently working with my signed an ISO agreement and only then does the information get passed along. I am not asking people on here to just blast with tax returns. I am not an MCA lender I am mainly doing term loans if anyone is interested let me know.
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02-13-2019, 03:07 PM #23
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- Jul 2015
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So if my valued client wants to know who the lender is; it is disclosed on the ISO agreement, term sheet, and contract I assume? Or are we to gamble that there is a valid licensed entity putting money onto the street through you?
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02-13-2019, 03:20 PM #24
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I can see why the "Hedge" information is hidden or not exposed on here - Obviously these Companies do not want their information/branding all over sites so "Brokers" can reach out to Partner etc. So asking for the direct hedge name right off the bat isn't going to help anyone or gain anything.
Many of the relationships that are built with these Companies are on a person to person basis and they trust them to bring in qualified packages which include a lot of information/docs and a different process and turnaround time. These "hedge" and other larger $ Companies/Investors chose not to work with the Brokers of the world directly because the time it takes to put together the file and present it - AND CLOSE. It doesn't take 48 hours - some more than 30 days. There has to be communication between the Owner of the business and UW, there are fees involved in the front end SOMETIMES and throughout the course of the loan if the funds are in escrow etc.
The PROCESS of this type of financial product is not an app and banks - and it is a bit more complex and you have to represent the Client/Merchant and their business and be able to explain the documents and why they are in need of $1Mil + and where it will be allocated to - contractor costs, inventory etc. etc. It's a whole thing - with that being said - It's very easy to say you can take in deals like this for the hedge - but 1 out of 15 will stick
As for Lenderas online exposure - there are many on here who have **** exposure too and are on here and I know for a fact they don't do things direct but people make relationships and they trust them so it's up to the person if they want to take that chance .
Fill disclosure with the little things make a big difference. That's why I am on Facebook and group everyone on there. I see your face - I see your kids, wife, and life - I know the purpose of you doing what you do and you aren't just a website. Soon enough- everyone will have to abide by an online regulation of sorts because it's crazy out there. Until then... face to a name and if you can back up yourself and your brand we can talk. If not... youre just another DF handleAmanda 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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02-13-2019, 03:29 PM #25
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