Results 1 to 21 of 21
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03-05-2019, 10:03 AM #1
Rates as low as 7.99% , says Gbox
Attachment 2357
anyone else wanna call BS?? What other funders out there with false advertising like this?
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03-05-2019, 10:31 AM #2
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- Aug 2017
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- 249
I get emails from Yarrow offering 1.05 buy rates over 6 months.
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03-05-2019, 10:35 AM #3
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- Jun 2015
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03-05-2019, 10:49 AM #4
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- Oct 2016
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So now Greenbox is brokering?
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03-05-2019, 11:02 AM #5
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- Jan 2018
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- 519
It's better that they do their own marketing and use those leads rather than use leads that were submitted to them
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03-05-2019, 11:04 AM #6
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- Jun 2015
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03-05-2019, 11:08 AM #7
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- Jan 2018
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03-05-2019, 11:20 AM #8
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- Aug 2016
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03-05-2019, 11:23 AM #9
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- Jun 2017
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Greenbox i believe has non MCA programs, so short term, LOC, equipment stuff. I can see rates getting that low (notice there is no mention of term length
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03-05-2019, 11:58 AM #10
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- Feb 2018
- Posts
- 1,349
AMEX has the sick offers. We lost several large deals to them recently.
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03-05-2019, 12:01 PM #11
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- Jan 2014
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- 1,375
they also do real estate deals, could be for that as well
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03-05-2019, 12:19 PM #12
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- Aug 2016
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- 830
love this article https://debanked.com/2019/02/greenbo...its-platforms/
What example? all the legitimate funders never had it to begin with. So you were doing wrong corrected yourself and now you should be applauded? WTF
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03-05-2019, 12:20 PM #13
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- Aug 2016
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- 830
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03-05-2019, 12:28 PM #14
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- Jan 2014
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- 1,375
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03-05-2019, 12:30 PM #15
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03-05-2019, 01:28 PM #16
- Join Date
- Apr 2015
- Posts
- 300
Another day another misleading by line
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03-05-2019, 07:05 PM #17
It's not misleading. If the broker offers SBA loans, their "rates" are as low as X% for that particular product. That's how they get away with it.
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03-06-2019, 10:36 AM #18
- Join Date
- Oct 2014
- Location
- Naples, FL
- Posts
- 474
Based on conversations I had with them over a year ago, the 7.99% references the discount on the prepay option... probably on a 12 month deal... so, yeah 7.99% if they prepay in 30 days, on a 12 month term. I think David T. told me that Gbox couldn't make less than 4pts and broker make 3... or something to that effect.
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03-08-2019, 02:47 PM #19
- Join Date
- Nov 2014
- Posts
- 96
Thats a BIG Fat Lie ha ha , Maybe Monthly 7.99 but not APR . Plus keep in mind they add a 3% of the repayment if balance is paid off by a competitor on the payoff letters.
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06-06-2019, 04:58 PM #20
- Join Date
- Apr 2019
- Posts
- 41
Greenbox has definitely come a long way in my opinion.
Extremely strong prepayment discounts definitely gives you the advantage over others when selling a deal. It's one of my main selling factors if the client only needs the money for 30-90 days.
I strongly recommend using greenbox, they give very competitive offers and the best part is that they don't even need a COJ. It doesn't get any better than this!
-Jean, Progressive Capital
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06-06-2019, 06:31 PM #21
- Join Date
- Jun 2013
- Posts
- 293
What?
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