LendAbiz
Need a Funder or Vendor? START HERE

Results 1 to 25 of 39

Hybrid View

  1. #1
    Senior Member Reputation points: 503040
    Join Date
    Oct 2016
    Posts
    4,318

    I mean, this program could be really good. Some of the ideas used are creative. I just have concerns about how the funders will view these referrals. Will they be like “this is great, I get a guaranteed 90% of the money now rather than get it slowly over the next 2-12 months and risk default”? Or will they be like, “I’m cutting off the ISO that referred this merchant to lawyers looking to restructure their MCAs”?

    Any funders have feedback on how you view this?

  2. #2
    Quote Originally Posted by WestCoastFunding View Post
    I mean, this program could be really good. Some of the ideas used are creative. I just have concerns about how the funders will view these referrals. Will they be like “this is great, I get a guaranteed 90% of the money now rather than get it slowly over the next 2-12 months and risk default”? Or will they be like, “I’m cutting off the ISO that referred this merchant to lawyers looking to restructure their MCAs”?

    Any funders have feedback on how you view this?

    Yes! @westcoast We are a Funder of our own fund. You been making comments since day 1. But been helping us out tremendously! Thank you. Brokers and lenders are doing really well. Lawyers and Debt Relief to this industry are pieces of ****. Excuse the French. But...

    @westcoast Focus on being a block buster and we’ll be Netflix you have to learn to stay in your lane. We have not once said any criticism about you once and heard about your back door alliance through a few sources. Stay in your lane.

    Ratios to fund a Refi deal with LendAbiz Capital:

    Want to see at least 1.5 to 1 AR to total MCA refi

    So example $100k AR to $50k-$75-
    K of MCA total refi


    And


    Have to have loan principal covered by assets 2:1


    New ISO’s inbox us today if you are dead end with the back door pros! Or lenders that need to get out of a risky file well pay out all positions including yours upfront “wire” minus a small discount.
    Last edited by MCAConsolidationLender; 02-10-2020 at 11:25 PM.

  3. #3
    Senior Member Reputation points: 503040
    Join Date
    Oct 2016
    Posts
    4,318

    Quote Originally Posted by MCAConsolidationLender View Post
    Yes! @westcoast We are a Funder of our own fund. You been making comments since day 1. But been helping us out tremendously! Thank you. Brokers and lenders are doing really well. Lawyers and Debt Relief to this industry are pieces of ****. Excuse the French. But...

    @westcoast Focus on being a block buster and we’ll be Netflix you have to learn to stay in your lane. We have not once said any criticism about you once and heard about your back door alliance through a few sources. Stay in your lane.

    Ratios to fund a Refi deal with LendAbiz Capital:

    Want to see at least 1.5 to 1 AR to total MCA refi

    So example $100k AR to $50k-$75-
    K of MCA total refi


    And


    Have to have loan principal covered by assets 2:1


    New ISO’s inbox us today if you are dead end with the back door pros! Or lenders that need to get out of a risky file well pay out all positions including yours upfront “wire” minus a small discount.
    Stop getting butthurt over people asking legit questions. For the life of me, you’d think you’d just answer the question rather than playing this passive aggressive ****. Do you inform the merchant of the negotiated “discount”?

    Then again, I don’t even give a ****. Knock yourself out.

  4. #4
    Quote Originally Posted by WestCoastFunding View Post
    Stop getting butthurt over people asking legit questions. For the life of me, you’d think you’d just answer the question rather than playing this passive aggressive ****. Do you inform the merchant of the negotiated “discount”?

    Then again, I don’t even give a ****. Knock yourself out.
    Then stop commenting you do care. Lol. Anyone can click on your profile and see you comment negatively on everyone post and don’t stop. Stay in your lane.

  5. #5
    Senior Member Reputation points: 503040
    Join Date
    Oct 2016
    Posts
    4,318

    Quote Originally Posted by MCAConsolidationLender View Post
    Then stop commenting you do care. Lol. Anyone can click on your profile and see you comment negatively on everyone post and don’t stop. Stay in your lane.
    I don’t quite understand your reaction. Let me get this straight: You want people to send you files but you don’t want to provide them info about your program? You want to come on here pitching it, but don’t dare ask questions?

    **** out of here.

    For 10 years you’ve been a damn lead reseller, and now all of the sudden you’re a Funder? Your lane is selling leads.

    Once again, you keep saying you negotiate with the MCA funders to reduce total payback. DO YOU INFORM THE MERCHANT OR NOT? YES OR NO?

    The fact you refuse to answer that tells the story. These morons come on here time and time again, pitching their products, but don’t want to explain how they work and address the grey areas.

    But it seems clear as day, working with people who are trying to negotiate a lower total payback (without the merchant even ****ing knowing) has the potential to put ISO agreements at risk.

    How is that not a reasonable question to ask? Address that rather than getting butthurt.
    Last edited by WestCoastFunding; 02-11-2020 at 09:13 AM.

Similar Threads

  1. Lendabiz
    By FIRST US in forum Merchant Cash Advance
    Replies: 4
    Last Post: 01-28-2020, 07:18 PM


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

Pipe secures $100M credit facility
Cloudsquare: 14 new lender APIs
FundKite survey finds 77%


DIRECTORY