Need a Funder or Vendor? START HERE

Page 2 of 2 FirstFirst 12
Results 26 to 34 of 34
  1. #26
    Senior Member Reputation points: 503040
    Join Date
    Oct 2016
    Posts
    4,319

    Quote Originally Posted by JTS-MCA View Post
    Wait ....1.22-1.24s on 12 months paying 6-8 points on 1st and 2nds dont work?! Who would of ever guest that this model wouldnt work?!?! At our office we called them "Crazy Spot", the broker shop funded their deals no problem but we had no idea how they can give those types of offers.
    Reminds me of DealStruck making a model of consolidating multiple cash advances into 4 year terms at 10% apr.

    What could go wrong?

  2. #27
    Quote Originally Posted by WestCoastFunding View Post
    Reminds me of DealStruck making a model of consolidating multiple cash advances into 4 year terms at 10% apr.

    What could go wrong?
    I dont get it at all. Not sure how you pitch that to investors or a bank to get money. But whatever they pitched it worked so not sure who is dumber, the funder or the investor. Would love to meet the CEO and understand how they think that model is profitable.

  3. #28
    Senior Member Reputation points: 503040
    Join Date
    Oct 2016
    Posts
    4,319

    Quote Originally Posted by JTS-MCA View Post
    I dont get it at all. Not sure how you pitch that to investors or a bank to get money. But whatever they pitched it worked so not sure who is dumber, the funder or the investor. Would love to meet the CEO and understand how they think that model is profitable.
    My personal view is B paper 1.35-1.40 over 7-9 months is the lowest/longest term I would ever feel comfortable with.

  4. #29
    Senior Member Reputation points: 57713
    Join Date
    Dec 2017
    Posts
    397

    We got a 10k 5 day offer this week lol

    Have a great weekend everyone!

  5. #30
    Senior Member Reputation points: 503040
    Join Date
    Oct 2016
    Posts
    4,319

    Quote Originally Posted by Don Dolla View Post
    We got a 10k 5 day offer this week lol

    Have a great weekend everyone!
    Renewal on Wednesday at 12:01 pm

  6. #31
    Senior Member Reputation points: 57713
    Join Date
    Dec 2017
    Posts
    397

    Takes 5 days for an ach to clear , renewal and commissions pending lol

  7. #32
    Senior Member Reputation points: 503040
    Join Date
    Oct 2016
    Posts
    4,319

    Quote Originally Posted by Don Dolla View Post
    Takes 5 days for an ach to clear , renewal and commissions pending lol
    Get a MTD immediately.

  8. #33
    Banned Reputation points: 2321
    Join Date
    Dec 2018
    Posts
    19

    Quote Originally Posted by Cashman1 View Post
    Yes when people are lending at 49 percent for 60 days and you lend for 12 months at 25 percent you get fuqed!!!

    Well said !

  9. #34
    Member Reputation points: 255
    Join Date
    Dec 2018
    Location
    NY
    Posts
    11

    I think this is where it all stems from...

    https://debanked.com/2019/04/class-a...ts-and-others/

Similar Threads

  1. QuarterSpot
    By fundingsmbs in forum Merchant Cash Advance
    Replies: 5
    Last Post: 11-01-2018, 04:11 PM
  2. Quarterspot
    By Jstarr in forum Merchant Cash Advance
    Replies: 0
    Last Post: 07-06-2018, 04:37 PM
  3. Quarterspot
    By funding4fun in forum Merchant Cash Advance
    Replies: 3
    Last Post: 08-29-2017, 10:36 AM
  4. Quarterspot
    By biggr in forum Merchant Cash Advance
    Replies: 11
    Last Post: 01-19-2017, 04:29 PM
  5. Quarterspot
    By ygs in forum Merchant Cash Advance
    Replies: 4
    Last Post: 08-06-2014, 11:34 AM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

SubcontractorHub, Lendica partner
BoA launches business loan marketplace
Quickbooks adds new LOC product


DIRECTORY