Results 26 to 50 of 62
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09-13-2019, 02:56 PM #26
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09-13-2019, 02:59 PM #27
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09-13-2019, 03:07 PM #28
but they will never fund the account the reverse and positions are in, that was my point for the clapman funder
another point how do you know if the merchant was trying to be slick and not tell the rep at Peak Solutions about this account because it was stacked more than the merchants chin? gave the other account in an attempt to double dip, merchants are on the up and up
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09-13-2019, 03:07 PM #29
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- Jun 2019
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- 78
Fool me once, shame on you...Fool me twice......well you cant get fooled again
~ GW Bush
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09-13-2019, 03:16 PM #30
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09-13-2019, 03:19 PM #31
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09-14-2019, 03:16 AM #32
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8 month reverses go bad, very quickly
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09-14-2019, 02:48 PM #33Disclaimer
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World of MCA
E.V.P Business Development
___________________________
"Success is a lousy teacher. It seduces smart people into thinking they can't lose."
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09-20-2019, 03:06 PM #34
another 1 out the door from Premier Capital 2nd position 8.5 month term $75k funded!!!!!
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09-20-2019, 09:12 PM #35
@Stacky
It's like I been saying for years and years and years:
"It doesn't matter what they saaaaaaaaaaay, it it only matter on what you do"
When you have a reverse file contact John Bulnes at Premiere, you may be surprised on the offers. Build the relationships with the funders and iso reps, suddenly this Mca industry can become more bankable right into the bank account. Test funders out and look for feedback on funders from other reputable sources. Start networking and attending debunked events. NACLB is coming up in Oct 2019 in Vegas huge event to be a part of!!!!!!Disclaimer
This message brought to you by:
CraaaCraaa Radio ®
http://debanked.com/merchant-cash-ad...nce-directory/
World of MCA
E.V.P Business Development
___________________________
"Success is a lousy teacher. It seduces smart people into thinking they can't lose."
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09-24-2019, 02:36 PM #36
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09-24-2019, 02:38 PM #37
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09-24-2019, 02:42 PM #38
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09-24-2019, 02:45 PM #39
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- Aug 2019
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What would you have them do? Give Financial Management lessons?
People make their own decisions, and put themselves in the situations they're in.
Who are you to judge or look down on someone else decisions. What if the situation they are in, is not under their control and they are having to take unconventional measures to weather the storm. Regardless who are you to judge.
Let the markets dictate if something makes sense, if the programs don't work for people they will be eliminated all on their own. We don't need hallway monitors such as yourself riding around on your high horses.
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09-24-2019, 02:57 PM #40
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- Jun 2015
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Is it our job to underwrite?even with 5 positions these guys rarely go over 40% gross. I got an ondeck approval that will take 50% of gross what is my responsibility?Should i not even give the merchant the option and decide on my own what the approval should be?do i throw in my 2 cents and let him decide?if funder a approves me for 30k and funder b for 50k should i tell merchnat that funder a does not think you can handle the payments from funder b . this is never ending
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09-24-2019, 03:00 PM #41
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- Aug 2019
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09-24-2019, 03:45 PM #42
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09-24-2019, 03:49 PM #43
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- Feb 2017
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I'm not judging, I funded a reverse back in February, but I still feel sick about it - it was his only option. My job is to find the right relationship for him, and yes, it's not my job to make decisions for him, but at the same time, to brag about it? Really?
When I see a perfect factoring client with 5 MCAs.... I feel some responsibility to the funders as well to bring them the deals that they deserve, not just figure out how fat my pocket gets. Yes, if I don't stack it, someone else will, but don't triple-stack, bait and switch, reverse them, and then feel GOOD about it.
Not saying that stackcity did that, but that's the general way of most brokers I speak with. To brag about a reverse just irks me.
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09-25-2019, 09:41 AM #44
in the end we all work in a stacking environment, no? do i not work in the same industry call the mca? as micah stated it's just the reality of the industry for years now. i do not care what addendum what funder places in the docs and the merchant signs it. 99.9 merchant will stack or align themselves with another alternative funding product. whether it be factoring invoices or trying to get collateralized funding with commercial or residential property. working capital is what it actually defines in the dictionary. in the end reverse in essence frees up all the daily debits, and gives the merchant back that cash flow. For a merchant with 5 mca's like you stated who will pay that off. industry norm is 2 balances, some do 3 if it makes sense and etc etc. having partners like premier capital to do a reverse or par funding is major power in the different funding tools isos offer. as long the merchant does not stack while on the reverse program or use another account and send file to Clapman to fund. The program really helps the merchant out in the end.
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09-30-2019, 06:15 PM #45
John Bulnes at Premiere Capital came in clutch this month for us, on reverse consolidations and 2nd position offers!!!!
Disclaimer
This message brought to you by:
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World of MCA
E.V.P Business Development
___________________________
"Success is a lousy teacher. It seduces smart people into thinking they can't lose."
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10-02-2019, 12:46 PM #46
they came in clutch for me in September
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10-03-2019, 03:39 PM #47
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- Jun 2016
- Posts
- 19
Summit Capital Does Crazy Reverses as well. They should definitely be in the conversation
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10-04-2019, 09:36 AM #48
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10-04-2019, 09:51 AM #49
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- Oct 2016
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- 4,318
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10-04-2019, 09:59 AM #50
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