Results 1 to 25 of 80
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05-04-2019, 11:09 AM #1
- Join Date
- Sep 2014
- Posts
- 68
Chrome Capital Funding
Last week I posted a thread asking for feedback on Chrome. I have to say they took care of the deal I was inquiring about perfectly. My original post was just me wondering if it was too good to be true (literally)
All in all they are a great lender.
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05-06-2019, 03:05 PM #2
Chrome Is Good- David gets things done.
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05-06-2019, 06:26 PM #3
- Join Date
- Apr 2014
- Location
- New York
- Posts
- 274
do they do 3rd position? I am having a hell of a time with this deal that should be a piece of cake
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05-06-2019, 08:14 PM #4
- Join Date
- Apr 2019
- Posts
- 72
My box is 250k-$1m in funding between 4-7.5 months on 3-6th position files.
Only stip for funding is COJ scan (shipping is not required). Things move super quick.
If we did get double-funded or stacked right away then I usually hold commission until 50% paid in especially if its a first deal from a new ISO. We may cut them off as well. Please do not sign up with us if you intend to double fund us. Long term broker clients who respect this and are trustworthy find themselves to be very happy with our company.
We offer our ISOs add-ons every 3 weeks or so and can do Refis at 30-35% paid in as long as we have not gotten stacked. There are many deals I am in 3-4 times for the same ISO. Many broker clients on here can attest to that.
We offer the largest early pay discounts in the industry and have a large book of clients that get effective rates of 1.1-1.19 by paying us off within the first couple of weeks. Its not for everyone but its an option we offer. Many times it helps clients who need to cover payroll and dont want a longer term expensive deal.
We offer three Unique ways of submitting:
1. Email 3 months bank statements (application is optional)
2. Submit 3 statements via our website (application is optional)
3. Fill out Merchant Qualifier on our website chromecapitalfunding.com. This allows you to input key information without the need to send statements or an application for an initial offer.
We do not fund first positions. We do not fund small deals. We are not affiliated with Yellowstone.
We do not decrease commissions on refis, renewals or add-ons.
We fund behind any other funder.
We are here to stay.
If anyone has had a negative experience with us through our restructure and capital raise period - please reach out to me. I will do my best to clear things up and make things right.
For any further questions or to consider signing up with us please contact below. I am best with e-mail; Zack is better with phone.
David Margolies
David@chromecapitalfunding.com
212 246 3227
Zack Gelsky
Zack@chromecapitalfunding.com
212-804-8559
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05-07-2019, 08:59 AM #5
- Join Date
- Sep 2014
- Posts
- 68
Yes they do - very aggressive on thirds.
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05-07-2019, 03:09 PM #6
David is awesome.
Sean Hawley
CEO
BLF
Bright Light Freight
shawley@brightlightfreight.com.com
631-210-6327
SBA, Term Loans, LOC, MCA & Equipment Finance (Transportation & Trucking)
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05-21-2019, 03:55 PM #7
- Join Date
- Feb 2017
- Posts
- 3,468
Chrome just stacked themselves for a 2nd time, at a 1.60 factor rate (not including fees) on a 90 day term.
Meanwhile, I got a 1.27 (with 12 point upsell) sell rate for 90 days.
This was a 6 position.
I would have consolidated it and gotten them money on top had we had they come to me a week ago. I would have also funded it myself had she not already had signed docs with Chrome before I realized how desperate she was to get money NOW.
Nothing bad to say about Chrome at all, but it's important to know you can always compete.
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05-21-2019, 06:40 PM #8
- Join Date
- Apr 2019
- Posts
- 72
Chrome does add-one for brokers so the broker continues to make money each time an add-on is done. This also keeps merchants very happy that they work with less funders. It’s a model not many funders are doing for brokers.
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05-22-2019, 12:00 AM #9
- Join Date
- Aug 2018
- Posts
- 897
#1 high risk funder. Cream of the crop.
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05-22-2019, 10:59 AM #10
- Join Date
- Feb 2017
- Posts
- 3,468
Chrome does true add-ons, or they stack themselves?
And add-on just makes the term longer.
A stack makes them start paying back immediately.
If it's an add-on, that makes more sense why it would be a higher factor rate.... they're not getting paid right away. However, an add-on doesn't HAVE to be higher if they don't want it to be
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07-10-2019, 03:16 PM #11
- Join Date
- Feb 2017
- Posts
- 3,468
Must admit..... the boys at Chrome are beasts! 5th position offer, 1.499, 150% more than what some other "high risk" people were offering.
But what the heck? The client claims he got a 1.40 from someone else, took the money already, and won't tell us who. Is there ANYONE out there who does a 1.40 on a 5th position? Or is he just trying to get us off his back?
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07-10-2019, 03:21 PM #12
- Join Date
- Feb 2017
- Posts
- 3,468
PS: I've seen it from Par, but they're already in the deal.
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07-10-2019, 03:31 PM #13
- Join Date
- Jun 2019
- Posts
- 78
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07-10-2019, 03:45 PM #14
- Join Date
- Jun 2019
- Posts
- 287
Send me an email Eugene@555capfunding.com
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07-10-2019, 04:04 PM #15
- Join Date
- Oct 2016
- Posts
- 4,318
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07-10-2019, 04:24 PM #16
- Join Date
- Feb 2017
- Posts
- 3,468
Par's 1.4 on a 5th was including 10 points. I submitted to Anthony at TVT, I actually never got an offer from him. Maybe it was already in the pipeline over there before I came in? There's obviously another (at least one) broker on it.
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07-10-2019, 05:27 PM #17
- Join Date
- Mar 2018
- Posts
- 110
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07-10-2019, 05:49 PM #18
- Join Date
- May 2019
- Posts
- 60
Who calls them Fundry? Yellow, Green, High-Speed.... It's all YS baby.
Not that it's a bad thing, but come on, the re-branding wasn't for us folks.
@Yellowstone, we love you for who you are
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07-10-2019, 05:55 PM #19
- Join Date
- May 2019
- Posts
- 60
deleted
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07-11-2019, 03:05 AM #20
- Join Date
- Aug 2018
- Posts
- 897
Micah,
Chrome has offered me sell rates as low as 1.37, but only paying 3-5 pts. Without his fee.
99.99% of the time, he gets more money, and a longer term, then anyone period.
Seen him do a 13th position 30 days 100k for a behavioral clinic in cali.
Hes hands down the best in the high risk space.
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07-11-2019, 10:41 AM #21
- Join Date
- Dec 2013
- Posts
- 4,713
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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07-11-2019, 10:58 AM #22
- Join Date
- Oct 2016
- Posts
- 4,318
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07-12-2019, 08:26 AM #23
- Join Date
- Apr 2019
- Posts
- 72
Chrome is doing deals now as low as 1.34 sell rates up to 150 payments. If you have a very good relationship with them they will do even better but it’s usually an ISO by ISO basis. They use a lot of data to determine which brokers’ deals lead to the highest percentage of defaults.
Also Chrome can offer 1.10-1.20 rates over a super short term (payroll deals) or the same effective rates with the early pay discount rolled in.
They are a boutique shop that works each file uniquely. Chrome is not processing any deals that generate less than 100k in monthly revenue. No max funding amount, addons every few weeks and select reverse consolidations for select ISOs.
Chrome is currently consolidating 750k throughout three positions it’s holding with one merchant.
The coolest part about working with Chrome is that they don’t require an application for a 99% accurate hard offer and if you go to their site www.chromecapitalfunding.com and click on the third option Merchant Qualifier - you don’t even need to send bank statements to get an accurate offer. They are changing the game
Credit is not pulled until doc requests and rarely matters anyway.
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07-12-2019, 09:50 AM #24
- Join Date
- Oct 2016
- Posts
- 4,318
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07-12-2019, 10:58 AM #25
aggressive funder
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