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  1. #1
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    Who stopped funding?

    Hearing rumors that companies are pausing funding due to defaults.

    Anyone else hear of caompanies not funding rigth now

  2. #2
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    I have not heard this from my brokers.

  3. #3
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    i feel like there has defiantly been a scale back on terms .but did not hear of companies not funding

  4. #4
    Senior Member Reputation points: 119752 BR-Nightmare's Avatar
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    Lots of scale backs, but also lots of new guys and new money coming in.

    Upstart just paused business loans, Reliant Paused, B Backer was phased out, Kabbage rebranded, previously paused funders are now back.

    What's next?

    It's a little crazy out there right now.
    The Brokers Nightmare
    I don't want peace, I want problems, ALWAYS!
    Florida-Based

  5. #5
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    That explains the enormous rush of new-vendors looking to sign-up with Capybara Capital ....We just had biggest record month!!! --No slowing down here!! marcus@capybarausa.com for our guidelines and agreement.
    Marcus Clapman
    Capybara Capital
    marcus@capybarausa.com
    www.capybarausa.com
    646-708-5986 (Text Friendly!)

  6. #6
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    Marcus - you da man.
    Thank you,

    Joseph Vaknen
    Business Development
    SuperFastCap


    Direct: (646) 546-3866 (Text or Call)
    E-mail: Joe@superfastcap.com
    www.superfastcap.com

  7. #7
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    Quote Originally Posted by SuperFastJoe View Post
    Marcus - you da man.
    Ive been told that you've 100% earned the superfast term -Legit!
    Marcus Clapman
    Capybara Capital
    marcus@capybarausa.com
    www.capybarausa.com
    646-708-5986 (Text Friendly!)

  8. #8
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    Quote Originally Posted by MCA-VET View Post
    Ive been told that you've 100% earned the superfast term -Legit!
    We do try to keep it quick over here...
    Thank you,

    Joseph Vaknen
    Business Development
    SuperFastCap


    Direct: (646) 546-3866 (Text or Call)
    E-mail: Joe@superfastcap.com
    www.superfastcap.com

  9. #9
    I'm sure all the carrot "funders" are doing just fine

  10. #10
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    Quote Originally Posted by BR-Nightmare View Post
    Lots of scale backs, but also lots of new guys and new money coming in.

    Upstart just paused business loans, Reliant Paused, B Backer was phased out, Kabbage rebranded, previously paused funders are now back.

    What's next?

    It's a little crazy out there right now.
    Obviously everyone is scaling back now because they cant compete with Capybara. Marcus save some deals and ISOS for the rest of us!

    Simon Wein
    CEO- Radiance Funding
    P:516.509.9788
    W: Radiancefunding.com
    E:Simon@radiancefunding.com

  11. #11
    Senior Member Reputation points: 66298 Olderguy's Avatar
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    The federal government.
    Steve Benjamin
    Professional Business Loans

    1012 Contessa
    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    Broker, Underwriter, general business loan expert
    949.228.1050


    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 9.5% and up
    @ Equipment financing up to 7 years
    @ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Private money equity and debt for major investments
    @ Personal Loans up to gross income from personal tax return.

  12. #12
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    Reliant I heard has stopped funding. We got an email and a call from Mulligan that they have paused funding for 6 months.

  13. #13
    Mulligan Funding is still funding deals

  14. #14
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    Rapid finance seems to be declining everything

  15. #15
    Good morning

    The alternative lending space has not slowed down. Actually, banks are sending more deals to us because they have become more conservative with their lending and interest rates have gone up. Traditional banks do not have the lending capacity. Please let me know if you will need any type of assistance. I am happy to help. Thank you in advance.

    Alicia Josshua
    5555 Glenridge Connector Suite 200
    Atlanta, GA 30342
    (678) 786-7201

    https://www.nationalbusinesscapital....ner/?ref=99855
    Last edited by aliciaj72; 02-19-2023 at 12:03 PM.

  16. #16
    Quote Originally Posted by aliciaj72 View Post
    Good morning

    The alternative lending space has not slowed down. Actually, banks are sending more deals to us because they have become more conservative with their lending and interest rates have gone up. Traditional banks do not have the lending capacity. Please let me know if you will need any type of assistance. I am happy to help. Thank you in advance.

    Alicia Josshua
    5555 Glenridge Connector Suite 200
    Atlanta, GA 30342
    (678) 786-7201

    https://www.nationalbusinesscapital....ner/?ref=99855
    Nah. Definitely slowed down. Yes there may be more applications coming through due to banks tightening uo but I am seeing a huge increase in delines and most of my funders tightening up. Rapid was approving everything prior to January and since then havent even seen one approval, even on qualified renewals. Wouldnt be suprised to find out they stopped funding altogether. IOU , CAN and a good portion of my A paper funders have a similar decline rate. Bottom line is the defaults rates are insane accross the board. Whoever hasnt slowed down yet will do so shortly. good news is We got through covid, well get through this god willing

  17. #17
    Senior Member Reputation points: 119752 BR-Nightmare's Avatar
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    Quote Originally Posted by alexd12345 View Post
    Nah. Definitely slowed down. Yes there may be more applications coming through due to banks tightening uo but I am seeing a huge increase in delines and most of my funders tightening up. Rapid was approving everything prior to January and since then havent even seen one approval, even on qualified renewals. Wouldnt be suprised to find out they stopped funding altogether. IOU , CAN and a good portion of my A paper funders have a similar decline rate. Bottom line is the defaults rates are insane accross the board. Whoever hasnt slowed down yet will do so shortly. good news is We got through covid, well get through this god willing
    Slow downs indeed, defaults are increasing more and more all around to the point that funders are trying to build as much cash as possible. Funders with LOC's have also being tightening up as their costs are more due to the interest rates growing. This can not come as a surprise. Funders need to adjust accordingly, especially since they are the risktaker here on every file they fund.
    The Brokers Nightmare
    I don't want peace, I want problems, ALWAYS!
    Florida-Based

  18. #18
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    I was talking to one of the best pulse on the industry guys over the weekend who claims the MCA industry lost around 500M in the Trucking/Transportation sector alone over the past 12Months.
    Marcus Clapman
    Capybara Capital
    marcus@capybarausa.com
    www.capybarausa.com
    646-708-5986 (Text Friendly!)

  19. #19
    FUNDFI has not scaled back or adjusted terms. Disclosure states are temporarily paused but should be back soon. We are still funding construction and trucking. January was a huge month for us and continuing on. eric@fundfimerchantfunding.com

  20. #20
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    If you are looking for more A paper funders especially one like us that work like a line of credit on renewals as well as other types of paper feel free to reach out to me. We did tighten our guidelines a little especially for trucking but for the most part our guidelines always stay around the same with some tweaks to them based on what is going on in the world.

    Scott Platto
    scott@tmrnow.com
    tmrnow.com
    212-220-9872

  21. #21
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    Quote Originally Posted by alexd12345 View Post
    Nah. Definitely slowed down. Yes there may be more applications coming through due to banks tightening uo but I am seeing a huge increase in delines and most of my funders tightening up. Rapid was approving everything prior to January and since then havent even seen one approval, even on qualified renewals. Wouldnt be suprised to find out they stopped funding altogether. IOU , CAN and a good portion of my A paper funders have a similar decline rate. Bottom line is the defaults rates are insane accross the board. Whoever hasnt slowed down yet will do so shortly. good news is We got through covid, well get through this god willing
    If you are looking for more A paper funders especially one like us that work like a line of credit on renewals as well as other types of paper feel free to reach out to me. We did tighten our guidelines a little especially for trucking but for the most part our guidelines always stay around the same with some tweaks to them based on what is going on in the world.

    Scott Platto
    scott@tmrnow.com
    tmrnow.com
    212-220-9872

  22. #22
    Senior Member Reputation points: 99227 ridextreme's Avatar
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    Quote Originally Posted by aliciaj72 View Post
    The alternative lending space has not slowed down. Actually, banks are sending more deals to us because they have become more conservative with their lending and interest rates have gone up.
    I don't believe you're a good candidate to say the industry is still thriving if you think the reason merchant's don't go to banks is because the rates have gone up...

  23. #23
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    Quote Originally Posted by ridextreme View Post
    I don't believe you're a good candidate to say the industry is still thriving if you think the reason merchant's don't go to banks is because the rates have gone up...
    From the daily Sub-Count SPIKE (Jan-time) i can tell you the industry is striving!!.... The requests for Capybara ISO Agreements ...is non-stop!! --I have like a dozen+ ISO's from over the long weekend--that i will get back to today! ..( i did not forget about you!!)....I am seeing raising increase of X-mortgage-brokers getting into our space!!
    Last edited by MCA-VET; 02-22-2023 at 11:29 AM.
    Marcus Clapman
    Capybara Capital
    marcus@capybarausa.com
    www.capybarausa.com
    646-708-5986 (Text Friendly!)

  24. #24
    Senior Member Reputation points: 99227 ridextreme's Avatar
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    Quote Originally Posted by MCA-VET View Post
    From the daily Sub-Count SPIKE (Jan-time) i can tell you the industry is striving!!.... The requests for Capybara ISO Agreements ...is non-stop!! --I have like a dozen+ ISO's from over the long weekend--that i will get back to today! ..( i did not forget about you!!)....I am seeing raising increase of X-mortgage-brokers getting into our space!!
    Sending in files and signing up new ISO's doesn't really mean its striving, maybe starving would be a better world for all the ex-MTG brokers signing up with you lately.

  25. #25
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    Quote Originally Posted by ridextreme View Post
    Sending in files and signing up new ISO's doesn't really mean its striving, maybe starving would be a better world for all the ex-MTG brokers signing up with you lately.
    When its not striving. Ill be the first to come on here and announce.....last month was a Capybara Capital record funding month.... (and although the industry is coming to CAPY-Ba-Ra for the 200K-3M deals ----January we had a ton of 30-150K deals that the stip list is known to be extremely light (perhaps a little to light for my liking)...
    Marcus Clapman
    Capybara Capital
    marcus@capybarausa.com
    www.capybarausa.com
    646-708-5986 (Text Friendly!)

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