[ghosthand]

It is my first month brokering mca loans. roast me

[abfunders]

Thinking back to newbie days, it's nice to hear someone admit it for once!
Comment #1: Don't call MCAs "loans"

[ghosthand]

thank you! I will keep this in mind

[pcfunder]

run as fast as you can to the middle of nowhere

https://www.youtube.com/watch?v=JDKGWaCglRM

[Finance Guru]

Good luck and wishing you all the best!

[Don Dolla]

stay off daily funder

[Michael I]

It is my first month brokering mca loans. roast me

so how was it ? pretty hard to roast a ghost

[Kevin Henry-Seacoast]

Hi Ghost,

Welcome to DF and good luck.

Words of wisdom:
-Go after companies in industries you know well.
-Build a network of reputable capital providers that provide all types of credit products.
-Understand the client's business and needs before trying to sell them on specific product.


Now...the life cycle of DF:
-Every broker wants to be a funder.
-Every funder wants to own their own business.
-Every business owner want to blow their brains out.

[Kevin Henry-Seacoast]

PS: Don't be a Ghost. Real people use real names.

[swiftcloser]

....

[BillionzandBillionz]

Consider yourself lucky you have no idea who Karen was.

I haven't been around for that long, who is that ?

[swiftcloser]

....

[ghosthand]

Good luck and wishing you all the best!

thanks!

[ghosthand]

Hi Ghost,

Welcome to DF and good luck.

Words of wisdom:
-Go after companies in industries you know well.
-Build a network of reputable capital providers that provide all types of credit products.
-Understand the client's business and needs before trying to sell them on specific product.


Now...the life cycle of DF:
-Every broker wants to be a funder.
-Every funder wants to own their own business.
-Every business owner want to blow their brains out.

thank you for the wise words

[FinancialSwissArmyKnife]

Hi Ghost,

Welcome to DF and good luck.

Words of wisdom:
-Go after companies in industries you know well.
-Build a network of reputable capital providers that provide all types of credit products.
-Understand the client's business and needs before trying to sell them on specific product.


Now...the life cycle of DF:
-Every broker wants to be a funder.
-Every funder wants to own their own business.
-Every business owner want to blow their brains out.

Pretty much sums up everything

[SantiFunder]

consider yourself lucky you have no idea who karen was.

lol

[pcfunder]

Pretty much sums up everything

-Understand the client's business and needs before trying to sell them on specific product.****

You don't have to tell the client that you can get them a bank loan/line of credit 30 days through the advance, or that you will blacklist them if they don't take your offer, or even brag about how amazing you are and how great it is for them to work with someone like you. Before pitching the deal, understand why the merchant wants money and if they tell you no, you don't have to blow up and cry. You can use real sales tactics by going back to the reason the merchant was seeking money in the first place. Explain why and how this offer makes sense and maybe even explain the reasons for the offer (was credit bad?, negative days, low revenue, industry type, etc...). Don't be a dick when explaining why offer isn't what they expect, just let them know that underwriters have to mitigate risk based on these factors and you can even tell merchant that if they establish good payment history, underwriters are willing to look past these factors on a renewal. Also, offer credit repair with your advances. If you can help the merchant repair credit so they can get into a better program over time, you are a hero to them.

[FundingStrategist]

It is my first month brokering mca loans. roast me

Humbly learn as much as you can every day, apply, and optimize along the way for what works well.

Happy Funding!


-FundingStrategist

https://fundingstrat.com

[Abe Kand]

It is my first month brokering mca loans. roast me

no roasting here. Wishing you best of luck, feel free to reach out if you need a high risk lender on board.

[mcaguru]

I find the newbies do very well.... They seem enthusiastic enough to put in the extra leg work that (usually only) newbies have when starting out a new life opportunity (Shocker: they even walk door to door in their own town!) I love when new person is not sure what ISO or MCA stands for ...Here at mantis my goal is to help you as much as possible FUND your way into this industry!

FYI -- I see new iso's joining this space more than ever since my mca start in 2005!

[WestCoastFunding]

I find the newbies do very well.... They seem enthusiastic enough to put in the extra leg work that (usually only) newbies have when starting out a new life opportunity (Shocker: they even walk door to door in their own town!) I love when new person is not sure what ISO or MCA stands for ...Here at mantis my goal is to help you as much as possible FUND your way into this industry!

No one likes you.

[mcaguru]

No one likes you.

I am sure when the latest Commission batch (largest perhaps) hits ISO's across the country there will be lots of likes!

[Jstarr]

Well, Good Luck...there is tremendous opportunity if you can develop a plan, focus and block out all the noise.

It is my first month brokering mca loans. roast me

[Jstarr]

OMG, I can hear her now, Im the only one on here that knows anything about the MCA business and Closing deals, I employed 3000 brokers yada, yada, yada.

Consider yourself lucky you have no idea who Karen was.

[showtime44]

stay off daily funder

daily FELTED as it is called in my office