Looking for broker to help with all non MCAs
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  1. #1

    Looking for broker to help with all non MCAs

    Hi guys,

    Looking for a broker who can help me place all my collateral, LOC, and term loan clients and do some type of commish split. Im not very knowledgeable in these sectors, any help would be greatly appreciated.

    TY

  2. #2
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    Happy to discuss, send me an email or give me a call.
    Kol tuv

  3. #3
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    We pay brokers all the time.
    Been doing it for 15 years.
    Hard to place real estate deals and asset based loans
    Messaged you
    Last edited by omegafund; 11-07-2019 at 10:38 PM.

  4. #4
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    I would never do this.

    You keep all the High Paying Deals. And send me all the prolonged low paying deals.

    Time VS Reward.

    And I know ill get backlash. Yes ive done HUGE SBA Deals, its just not for me.

  5. #5
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    Ryan, do stick to MCAs. You do a great job at it, keep on killing it over there.

    However, for the rest of us, if we get the 1-2 deals per year that are big enough, and it makes it all worthwhile.
    SBAs stink, I stay away - But real estate? LOC? Collateral deals? Those are doable, and can have great ROI even after the profit-splits.

  6. #6
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    Get 10-15 mix small and medium factoring deals under your belt, that's $100,000 of passive income yearly, on top of whatever you can get out with an up-front fee agreement on the line amount created. And if you're really good, that fee agreement can be a yearly thing. Or if you have the right factor, they might be able to put it on their paper without a fee agreement.

  7. #7
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    Quote Originally Posted by ryan $ View Post
    I would never do this.

    You keep all the High Paying Deals. And send me all the prolonged low paying deals.

    Time VS Reward.

    And I know ill get backlash. Yes ive done HUGE SBA Deals, its just not for me.
    Obviously, yea, don't get me wrong, 1 Mill Plus Property deals come my way ill do all day

  8. #8
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    Quote Originally Posted by abfunders View Post
    Get 10-15 mix small and medium factoring deals under your belt, that's $100,000 of passive income yearly, on top of whatever you can get out with an up-front fee agreement on the line amount created. And if you're really good, that fee agreement can be a yearly thing. Or if you have the right factor, they might be able to put it on their paper without a fee agreement.
    If you are only making $100K/year on 10-15 factoring deals a year.....you are working on tiny deals or somebody is not paying you enough.
    Kevin Henry
    VP-Business Development
    Seacoast Business Funding, a division of Seacoast Bank
    561-850-9346
    Kevin.Henry@SeacoastBF.com
    1880 N Congress Ave., Suite 404
    Boynton Beach, FL 33426

  9. #9
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    Quote Originally Posted by Kevin Henry-Seacoast View Post
    If you are only making $100K/year on 10-15 factoring deals a year.....you are working on tiny deals or somebody is not paying you enough.
    kevin how much do you make a year?

  10. #10
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    MichaelI,

    I am not disclosing my annual income on any forum.
    Kevin Henry
    VP-Business Development
    Seacoast Business Funding, a division of Seacoast Bank
    561-850-9346
    Kevin.Henry@SeacoastBF.com
    1880 N Congress Ave., Suite 404
    Boynton Beach, FL 33426

  11. #11
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    Kevin, I said very specifically "small or medium"
    I just got paid on a referral for a deal, in-bound lead with just a phone call, connection from 4 months ago, surprise check showed up. Small-time deal.
    If you get large deals, then yes, I agree with you.

  12. #12
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    Correction: His first contact with me was in February. He was a sole prop and I had to coach him how to get an LLC up and running, and have him talk to an accountant to figure out if an S corp made sense or not, etc etc etc.

    IMHO, you've got to know how to work a factoring deal, and how to send it out, and who to send it to.

  13. #13
    Quote Originally Posted by Kevin Henry-Seacoast View Post
    If you are only making $100K/year on 10-15 factoring deals a year.....you are working on tiny deals or somebody is not paying you enough.
    I think hes more so referring to the fact that even little fish that seem to not be worth our time can add up. So why pass it up? i dont think the majority have a problem where they simply dont have enough time to fund the little stuff bc they have too much volume of high revenue deals.

  14. #14
    Hello,

    We have a large staff and work all deals including Personal Loans. Very transparent agreement and no fee unless we get your deals funded.

    Please call Gil at 603.401.6408

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