[freeprocessing]

Hi DF,

Does anyone here or anyone you know fund Micro deals. This one happens to not have any positions.

[showtime44]

Vader does. theyll give you like 1.4 buy rates with 10 point upsells and it closes pretty fast (they are EBF just for the smaller deals)

[freeprocessing]

Vader does. theyll give you like 1.4 buy rates with 10 point upsells and it closes pretty fast (they are EBF just for the smaller deals)

Thanks!

[Andrew Roberts]

We will fund with 5K in deposits.

Andy

[Lmonus]

CFGMS funded 12M in March and ide say maybe 50% of that funding is in 5-15k deals. Feel free to sign up if you have not already.

[paulypubco]

Fund with MainStreet. 5K minimum deposits, no minimum FICO.

[mcaguru]

Mantis funded Thousands of files under the Micro Funding Program. Offers made promptly and fund same day with contracts back-in!

[MCAdude]

Hi DF,

Does anyone here or anyone you know fund Micro deals. This one happens to not have any positions.

looks like Marcus fell into this one as well!
just in case you were serious, I think Biddy Advance does exactly that

[freeprocessing]

Mantis funded Thousands of files under the Micro Funding Program. Offers made promptly and fund same day with contracts back-in!

I will send you deals when you respond to the peak solutions thread.

[Fundingfrenzy]

PM me
Funding Micro
2k-12k 20-60 days
10% in total fees

[Iannad]

We fund as small as $2,000 and as large as $750k, we're a great tool to keep around give me a shout with small deals any time!

Ian Nadjari
Riverstrong Capital Funding
3418 Northern Blvd.
Ste. 321
LIC, NY 11101

[patrickw]

I recently signed up with Bitty Advance for my micro deals. So far good start.

[ESE5020]

Our Minimum advance is $2,000, email me for ISO agreement if interested, Submissions@EastShoreEquities.com

[dames]

Fundzio 855-386-3946 ISOrelations@fundzio.com
Bitty 800-324-3863 partners@bittyadvance.com

Reach out to Charlie or Dan

Thanks for your interest

[mcaguru]

Mantis funds NANO-FILES (2-5K) and MICRO-FILES 5-10K fewest stips and funds hours after the submission. Sign-UP today (we may in fact be the largest when it comes to Nano/Micro) we also fund Semi/Large/Jumbo Files!!

[WhoisKingsley]

$10,000 at a 1.45 at 40 days... let's do the math kids... payback is 14,500/40 days - $362.50 a day

$362.50 * 22 days a month $7,975 - Business does average of $22,000 a month
36% of the merchants rev a mo.

But WAIT! Let's add in the fees real quick - $35 wire - 10% org. - $295 UW fee - $8,670 Funded into the acct. For ****s an giggles let's make the funded amount vs. payback a factor - 1.67

Anyone can whip out $5-10k and fund. Is it worth it? How many merchants know how to flip their money? I have so many "micros" looking to buyout or for a second to payback paul.

*Get your merchant a line of credit based on their actual receivables
*Factor the trucking receivables instead of sending them to Mantis to get raped. - Yes Marcus... raped. Instead of talking double digit commissions I want to see the defaults of your trucking companies.
*Vader comes back with some crazy high risk offers and the rate makes you faint
*CFG somehow as soon as they are paid off or shortly after they are back in the deal again

All the rest of you are just putting in pocket money and setting your own rates/terms/and fees.

[abfunders]

Amanda, I agree with you.
Problem is that most MCA shops completely and totally DISAGREE with your approach. There's no fiduciary responsibility (we don't work for the merchants), and most broker shops don't want small residuals - they want a minimum of 10 points plus PSF every time.
How many brokers here talk their clients out of factoring or don't present it, especially after they had a bad experience? So what about a LOC? Why not? "Because it pays peanuts." You can't expect someone to work on a particular model.

I talked to a client (friend of an ISO of mine, they're both in Crown Heights) a few weeks ago who is doing $100mm yearly, offered him factoring, and he said, "I don't want to diverge my AR."
I offered him 0 APR credit cards for $100,000 (no UCC), he said, "I could walk into me bank and get $150,000 UBLOC tomorrow, $100,00 is a joke." He's right, however I told him that would take a PG and likely a UCC.
I offered him the concept of an MCA (no UCC), he doesn't want to show me financials and wouldn't take rates like that.
The only thing he was interested in was his own idea: A large personal loan to his business (yeah, personal or business loan, take your pick) that would have a PG from a billionaire (not him). I haven't bothered following up.

Definitely goes both ways, but WE ARE NOT THEIR FINANCIAL ADVISORS! I, like many people here, am just a broker.

[WhoisKingsley]

Amanda, I agree with you.
Problem is that most MCA shops completely and totally DISAGREE with your approach. There's no fiduciary responsibility (we don't work for the merchants), and most broker shops don't want small residuals - they want a minimum of 10 points plus PSF every time.
How many brokers here talk their clients out of factoring or don't present it, especially after they had a bad experience? So what about a LOC? Why not? "Because it pays peanuts." You can't expect someone to work on a particular model.

I talked to a client (friend of an ISO of mine, they're both in Crown Heights) a few weeks ago who is doing $100mm yearly, offered him factoring, and he said, "I don't want to diverge my AR."
I offered him 0 APR credit cards for $100,000 (no UCC), he said, "I could walk into me bank and get $150,000 UBLOC tomorrow, $100,00 is a joke." He's right, however I told him that would take a PG and likely a UCC.
I offered him the concept of an MCA (no UCC), he doesn't want to show me financials and wouldn't take rates like that.
The only thing he was interested in was his own idea: A large personal loan to his business (yeah, personal or business loan, take your pick) that would have a PG from a billionaire (not him). I haven't bothered following up.

Definitely goes both ways, but WE ARE NOT THEIR FINANCIAL ADVISORS! I, like many people here, am just a broker.

That's why I said - how many of your Merchants know "money" and how to flip their cash - not many. They only know their
"craft" aka their business and not the financial portion of it when it comes to the capital resources they have so we ARE guiding them to the products we have available as brokers which makes us somewhat "advisors"

[WhoisKingsley]

AND even if we have no fiduciary responsibility- and only "originators" of applications who "broker" submissions to applicable funders - receive a commission off doing little to nothing as such - then we shouldn't have the responsibility we have had in the years of growing the funding companies because they dont know what tf they're doing half the time.

aka claw-backs at 90 days when the UW makes the decision and has fiduciary responsibility
aka the enormous fees because a pop up funder utilizing the back office/operations of another to charge 8-10% for absolutely nothing.

All those who dont think they have NO fiduciary responsibility or advisory responsibility over their Merchants whether its 10k or 100k seriously needs to review what they are doing as a "job" or "career"

[brokerCompany]

AND even if we have no fiduciary responsibility- and only "originators" of applications who "broker" submissions to applicable funders - receive a commission off doing little to nothing as such - then we shouldn't have the responsibility we have had in the years of growing the funding companies because they dont know what tf they're doing half the time.

aka claw-backs at 90 days when the UW makes the decision and has fiduciary responsibility
aka the enormous fees because a pop up funder utilizing the back office/operations of another to charge 8-10% for absolutely nothing.

All those who dont think they have NO fiduciary responsibility or advisory responsibility over their Merchants whether its 10k or 100k seriously needs to review what they are doing as a "job" or "career"

Did you not own or work for another company when you sold MCAs? Did you see the light and realize there is more than MCAs?

[WhoisKingsley]

Did you not own or work for another company when you sold MCAs? Did you see the light and realize there is more than MCAs?

I still sell MCAs but if it doesn't fit it doesn't fit.

[mcaguru]

I still sell MCAs but if it doesn't fit it doesn't fit.

Hmmm

[brokerCompany]

I still sell MCAs but if it doesn't fit it doesn't fit.

LOL. Such Righteous indignation.

[WhoisKingsley]

LOL. Such Righteous indignation.

lol... I know It's like I'm polluting the waters and saving the manatees at the same time it seems right? Wait till you see my success videos

[Jason Sterling]

Our minimum credit card split is $5,000. Merchant must be averaging at least $6,500 per month in credit card sales.