[Tamira]

Hi ya'll

Thanks to the admins for accepting me into the forum!

I come from an insurance/financial advisor background (10yrs of it), and decided to switch to the other side of finance when a Getbackd recruiter reached out to me. Now I'm a Partner Manager and I spend my days on LinkedIn attempting to network. This is my second week!

A bit about me: I live in Austin, TX and work hard/play hard. I love making friends and I'm genuinely interested helping entrepreneurs.

If you are a broker and would like to partner with a funding rep that has time for you and will work hard on your behalf, I'll be your huckleberry.

Looking forward to reading the threads and picking up the pearls of wisdom you have to offer!

Cheers!

[harvey]

jesus!

[cmarks]

Hi ya'll

Thanks to the admins for accepting me into the forum!

I come from an insurance/financial advisor background (10yrs of it), and decided to switch to the other side of finance when a Getbackd recruiter reached out to me. Now I'm a Partner Manager and I spend my days on LinkedIn attempting to network. This is my second week!

A bit about me: I live in Austin, TX and work hard/play hard. I love making friends and I'm genuinely interested helping entrepreneurs.

If you are a broker and would like to partner with a funding rep that has time for you and will work hard on your behalf, I'll be your huckleberry.

Looking forward to reading the threads and picking up the pearls of wisdom you have to offer!

Cheers!

Hi Tamira, you spoke to one of our reps the other day, welcome to DF! Good luck!

[mcaguru]

Tamira -- Yep DF is a must! so your in the right place.. stock up on some popcorn you may need it in here...

[A+Paper]

Welcome. The industry can be disorienting at first, embrace the controlled chaos.

[tonymotts]

Hi ya'll

Thanks to the admins for accepting me into the forum!

I come from an insurance/financial advisor background (10yrs of it), and decided to switch to the other side of finance when a Getbackd recruiter reached out to me. Now I'm a Partner Manager and I spend my days on LinkedIn attempting to network. This is my second week!

A bit about me: I live in Austin, TX and work hard/play hard. I love making friends and I'm genuinely interested helping entrepreneurs.

If you are a broker and would like to partner with a funding rep that has time for you and will work hard on your behalf, I'll be your huckleberry.

Looking forward to reading the threads and picking up the pearls of wisdom you have to offer!

Cheers!

Welcome to the club

[Tamira]

Thanks for the welkies! I reached out because I'd like to understand what problems/issues brokers and funders face.

What's ya'll biggest annoyance?

Please dont say it's noobs like me trying to talk to ya'll

[Nunya]

What's ya'll biggest annoyance?

Marcus (aka mcaguru)

[freeprocessing]

Marcus (aka mcaguru)

I would rep this 100x if I could.

[freeprocessing]

Thanks for the welkies! I reached out because I'd like to understand what problems/issues brokers and funders face.

What's ya'll biggest annoyance?

Please dont say it's noobs like me trying to talk to ya'll

Don't promise anything you can't deliver on, explain your criteria and preferred industries to brokers, and fight for the deal.

[VitalCapJeff]

Welcome to the forum.

Jeff Pecori
ISO Relations manager
VitalCap Fund
48 Wall St. New York, NY 10005
P. 850.630.7509
F. 646.219.7949
jeff@vitalcapfund.com

[Accord Business Funding]

Welcome to the forum Tamira. I've chatted with a few of your team members earlier this week. Great team you guys have over there.

[Michael I]

Thanks for the welkies! I reached out because I'd like to understand what problems/issues brokers and funders face.

What's ya'll biggest annoyance?

Please dont say it's noobs like me trying to talk to ya'll

First off welcome to the industry.Which company are you with? To me one of the biggest annoyance is all these new companies offering the exact same thing and saying try me you will like me better, Unless someone is doing something out of the box or creative why would i leave the guys i have been funding with for years.Also dont blame me when your offers suck why i am not funding with you

[pcfunder]

hi

[Tamira]

Hi Michael,

Thanks! I see your point and how that pitch would be annoying. freeprocessing brought up a great point that we need to explain our criteria and preferred industries.

I'm with Getbackd, a startup here in Austin, TX. The industries we can be competitive in are restaurants, cannabis, adult, lawyers and liquor stores. We also just did an Oil and Gas deal, they wanted a million. We don't have a max, but the client's revenue has to be at least 10% of what they're asking for.

Right now it we are just funding Working Capital.

Listen, at this point, I'd be happy taking any old leftover deals anyone has just to see what I can and can't do. It would be my first deal! So, anybody want to feed me something? Anybody?

General Eligibility:
6 months in business
For-profit businesses
Minimum monthly deposits: $20K
Minimum annual revenue: $100K
Monthly deposits: 10+
Payoff letters - will only take 1st or 2nd positions
Credit:
Minimum personal credit score of 600
Minimum CFN of 480

Ineligible industries:
Non-profit

Ineligible states:
California
New York
New Hampshire
Connecticut
Ohio
Mississippi
Rhode Island

Ineligible areas:
South Florida

Fees
Origination fee: 3%
Admin fee - $150

Points vary, but I'll work on hard to get you paid what you ask for within reason.

[Michael I]

Hi Michael,

Thanks! I see your point and how that pitch would be annoying. freeprocessing brought up a great point that we need to explain our criteria and preferred industries.

I'm with Getbackd, a startup here in Austin, TX. The industries we can be competitive in are restaurants, cannabis, adult, lawyers and liquor stores. We also just did an Oil and Gas deal, they wanted a million. We don't have a max, but the client's revenue has to be at least 10% of what they're asking for.

Right now it we are just funding Working Capital.

Listen, at this point, I'd be happy taking any old leftover deals anyone has just to see what I can and can't do. It would be my first deal! So, anybody want to feed me something? Anybody?

General Eligibility:
6 months in business
For-profit businesses
Minimum monthly deposits: $20K
Minimum annual revenue: $100K
Monthly deposits: 10+
Payoff letters - will only take 1st or 2nd positions
Credit:
Minimum personal credit score of 600
Minimum CFN of 480

Ineligible industries:
Non-profit

Ineligible states:
California
New York
New Hampshire
Connecticut
Ohio
Mississippi
Rhode Island

Ineligible areas:
South Florida

Fees
Origination fee: 3%
Admin fee - $150

Points vary, but I'll work on hard to get you paid what you ask for within reason.

ok so you want a-b paper what type of rate and terms are you giving?

[freeprocessing]

Hi Michael,

Thanks! I see your point and how that pitch would be annoying. freeprocessing brought up a great point that we need to explain our criteria and preferred industries.

I'm with Getbackd, a startup here in Austin, TX. The industries we can be competitive in are restaurants, cannabis, adult, lawyers and liquor stores. We also just did an Oil and Gas deal, they wanted a million. We don't have a max, but the client's revenue has to be at least 10% of what they're asking for.

Right now it we are just funding Working Capital.

Listen, at this point, I'd be happy taking any old leftover deals anyone has just to see what I can and can't do. It would be my first deal! So, anybody want to feed me something? Anybody?

General Eligibility:
6 months in business
For-profit businesses
Minimum monthly deposits: $20K
Minimum annual revenue: $100K
Monthly deposits: 10+
Payoff letters - will only take 1st or 2nd positions
Credit:
Minimum personal credit score of 600
Minimum CFN of 480

Ineligible industries:
Non-profit

Ineligible states:
California
New York
New Hampshire
Connecticut
Ohio
Mississippi
Rhode Island

Ineligible areas:
South Florida

Fees
Origination fee: 3%
Admin fee - $150

Points vary, but I'll work on hard to get you paid what you ask for within reason.

We don't have a max, but the client's revenue has to be at least 10% of what they're asking for.

I am assuming you mean annual rev?

[WestCoastFunding]

Hi Michael,

Minimum monthly deposits: $20K
Minimum annual revenue: $100K

The math tho

[Michael I]

The math tho

uhhh ohhhh you woke up west coast

[Tamira]

haha youre right that doesnt make sense. I meant 10K

[Tamira]

freeprocessing- yes 10% of annual revenue is what they'll approve, anything more and underwriting scrutinizes it harder. We have an inhouse underwriting team.

[Tamira]

ok so you want a-b paper what type of rate and terms are you giving?

Terms is 4 mo-12mo
Daily and weekly repayments

Rates/pricing are fairly complex for me to insert here, would you let me email you that, Michael?

[mrmrg]

Terms is 4 mo-12mo
Daily and weekly repayments

Rates/pricing are fairly complex for me to insert here, would you let me email you that, Michael?

Word of advise; reply to his post with the rates and terms rather than deflect and trying to email him instead.

You're new to the industry and trying to solicit business on a forum. How's emailing additional info gonna help when you just made a post promoting yourself?

[Michael I]

Terms is 4 mo-12mo
Daily and weekly repayments

Rates/pricing are fairly complex for me to insert here, would you let me email you that, Michael?

I will rephrase my question, you are asking for the paper that people can get low buy rates on from the on deck bfs tbb rapid kapitus of the world. Is your buy rates going to be lower, higher or similar to those? we know your term are shorter.Back 5 years ago you were able to request that type of paper and give a 1.38 paying 12 points, but those days are over.You will either need to pay above 16 or give a lower buy rate to compete in todays world. You other option is to find noobs to send you business which you wont find from this forum. Best of luck

[Tamira]

I will rephrase my question, you are asking for the paper that people can get low buy rates on from the on deck bfs tbb rapid kapitus of the world. Is your buy rates going to be lower, higher or similar to those? we know your term are shorter.Back 5 years ago you were able to request that type of paper and give a 1.38 paying 12 points, but those days are over.You will either need to pay above 16 or give a lower buy rate to compete in todays world. You other option is to find noobs to send you business which you wont find from this forum. Best of luck

We're doing just fine, thank you.