Results 1 to 24 of 24
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07-05-2019, 06:56 PM #1
Expansion Capital Group, LG Funding & Wellen
How are they? I've seeing them a lot on my recent deals! Never heard of them lol :v I will add 2 more funders to my list.
Considering LG Funding & Wellen? Are they worth ItPatrick Wilson
Managing Partner
www.PremierCapitalNetwork.com
(NO MORE LENDER/FUNDER CALL PLZ)
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07-05-2019, 07:33 PM #2
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07-05-2019, 08:09 PM #3
- Join Date
- Oct 2016
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- 4,318
Expansion is strong. They quietly can easily compete with EBF, Knight, Fundworks, etc. They were one of the few that never relied on COJs, but now that everyone is dropping them they lose their advantage. But they offer really solid early pay discounts, and let you know the discount when they send the offer. So they’re best for B-C paper where the merchant only needs money for 1-2 months to take advantage of the discount.
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07-08-2019, 10:43 AM #4
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- Jun 2017
- Posts
- 2,049
Wellen has Minimal Stips
12 Month 1.40's with 12 Points for the most part
LG does a little bit of everything
Expansion doesn't really offer anything that sets them aside from their competitors (imo anyway)
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07-08-2019, 01:17 PM #5
- Join Date
- Apr 2017
- Posts
- 96
Wellen is better than OnDeck now, even beating out Kapitus and IOU on some deals
Expansion is pretty good, but pretty picky but when they like a deal they can do a 1.25 buy over 10 months on a second
LG isn't that strong
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07-08-2019, 01:28 PM #6Patrick Wilson
Managing Partner
www.PremierCapitalNetwork.com
(NO MORE LENDER/FUNDER CALL PLZ)
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07-08-2019, 02:22 PM #7
- Join Date
- Apr 2015
- Posts
- 300
how have u never heard of these 3 companies is the real question?
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07-08-2019, 03:00 PM #8
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- Jun 2017
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07-08-2019, 03:02 PM #9
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- Jun 2017
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07-08-2019, 03:04 PM #10
- Join Date
- Apr 2017
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- 96
they won't touch that, 1.20 buy rate, but we've lost tons of deals to them pitching a 6 month everest deal at 1.38 when wellen swoopes in and gives the guy a 1.29 over 12 with 5 negative days per month
I should've said this
Wellen - cleanest
Expansion - Mid
LG - Likes it clean, but gives offers like the deals were dirtier than they are sometimes
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07-08-2019, 03:04 PM #11
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- Jun 2017
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- 2,049
Wellen is Great due to MINIMAL Stips, and their Offers BEING SOLID. Pre Approvals are pretty much solid approvals.
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07-08-2019, 03:05 PM #12
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- Jun 2017
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- 2,049
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07-08-2019, 03:06 PM #13
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- Jun 2017
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But Comparing an Everest Deal to Wellen - Yea Wellen is going to beat EBF.
But take other 1st Position Lenders, IOU, Rapid, Can, OnDeck.... Wellen really isnt going to compete
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07-08-2019, 03:11 PM #14
- Join Date
- Jun 2013
- Posts
- 293
Wellen is more in the sub $50k funding market. 6-12 month deals. 1.28-1.40 factors. They give some crazy offers on some **** looking deals.
LG seems to put out solid weekly payment deals. Not overly aggressive.
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07-08-2019, 05:05 PM #15Patrick Wilson
Managing Partner
www.PremierCapitalNetwork.com
(NO MORE LENDER/FUNDER CALL PLZ)
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07-08-2019, 07:32 PM #16
- Join Date
- Aug 2017
- Posts
- 405
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07-09-2019, 03:05 PM #17
WELLEN gives strong dollar amounts, but the factor is standard MCA pricing....not competitive on pricing.
EXPANSION used to rock the trucking SIC, but they seem to have tightened up over the last year. They send out commish right away, which is good
LG gives those % of depsit offers, which are sometimes a strong selling point. TThey also pay on the payback for commish and send out right away
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07-09-2019, 03:06 PM #18
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07-09-2019, 06:50 PM #19
- Join Date
- Nov 2018
- Posts
- 24
What fee's are you seeing on IOU deals? Ones I've done have all been 1.20-1.22 buy rate on 12 months and I can build in 10-12 points. Only fee I've seen charged outside of the payback is the $395 admin fee.
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07-10-2019, 03:24 AM #20
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- Aug 2018
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- 882
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07-10-2019, 03:27 AM #21
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- Aug 2018
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- 882
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07-10-2019, 10:59 AM #22
Look at this offer from Ondeck I got yesterday 18 months term :v :v
Click on the link
http://prntscr.com/od6ekiPatrick Wilson
Managing Partner
www.PremierCapitalNetwork.com
(NO MORE LENDER/FUNDER CALL PLZ)
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07-10-2019, 01:19 PM #23
- Join Date
- Jun 2017
- Posts
- 2,049
It may be 14, I thought it was 12 - I do so few of them.
Ive Funded One Deal w/ Wellen, Last Year. It was 14.
Wellen is Great at Minimal Stips. AND their Offers seem to Be Solid from Approval to Funded. Unlike a say Rapid who does everything once signed contracts are back.Last edited by ryan $; 07-10-2019 at 01:21 PM.
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07-10-2019, 02:12 PM #24Jonathan Kohanoff
B.R.E. #01962090
Diamond Business Loans
Beverly Hills, CA 90211
jon@diamondbl.com
www.DiamondBL.com
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