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03-12-2020, 11:43 AM #1
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- Sep 2019
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The Coming Default? Disaster
Let's assume we all survive this and in a few months we're back on track... I'd venture to say that a very large chunk of honest, good paying merchants are going to need lowered payments to get there (and contractually they deserve/will get them).
How the heck are funders going to differentiate who actually defaulted/loweredpayments and who needed lower payments for Corona? That's going to be a wild underwriting feat.
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03-12-2020, 12:28 PM #2
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- May 2016
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- 90
The company issuing the lowered payments should provide documentation. If not then its up to the funder trying to fund them to decide but overall seems nationally merchants will get benefit of the doubt.
Btw this thing is far from reaching its peak, which should take a couple months depending on mitigation steps like cancelling all mass events.
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03-12-2020, 12:31 PM #3
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- Mar 2015
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- Boynton Beach
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- 3,493
Just floated a $3Mil ABL facility and can't wait to close it!
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
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03-12-2020, 01:04 PM #4
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- Feb 2019
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- 124
datamerch
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03-12-2020, 01:33 PM #5
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- Sep 2019
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03-12-2020, 02:02 PM #6
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- Oct 2016
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- 4,318
Just make 1.49 over 20 days with 10% fees the standard across the board. We are all going to become default funders.
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03-12-2020, 02:09 PM #7
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- Sep 2019
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03-13-2020, 01:30 PM #8
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- May 2017
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03-12-2020, 02:25 PM #9
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- Jun 2014
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- 541
Trust but verify, when it comes to mods. New decision logics will be pulled to assess the impact on revenue.
But for sure this will be painful-
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03-12-2020, 02:35 PM #10
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- Dec 2013
- Posts
- 4,713
I just checked Industry stocks:
Ondeck -26%
IOU -25%
Newtek - 14%
Square, Inc -10%
Shopify - 8%
Enova (business backer) -5%Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
——————————————————————————
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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03-12-2020, 02:55 PM #11
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- Jun 2019
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- 196
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03-12-2020, 03:04 PM #12
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- Sep 2019
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- 402
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03-12-2020, 03:13 PM #13
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- Mar 2015
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- Boynton Beach
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- 3,493
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
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03-12-2020, 03:19 PM #14
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- Sep 2019
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- 402
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03-16-2020, 04:20 PM #15
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,493
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
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03-12-2020, 03:26 PM #16
- Join Date
- Dec 2013
- Posts
- 4,713
there are hedge fund managers that have been waiting for a decade to buy stocks that are for sale at 25% discounts that will not be effected this much by current matter. (I.E. health related stocks or etc).
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
——————————————————————————
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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03-12-2020, 04:15 PM #17
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- Jan 2020
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- 20
In other news.....New York City has banned event's with more than 500 people.......I guess no Brokerfair?
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03-12-2020, 04:19 PM #18
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03-13-2020, 09:20 AM #19
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- Dec 2017
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- 238
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03-13-2020, 09:29 AM #20
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03-13-2020, 09:42 AM #21
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- Jun 2015
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03-13-2020, 10:28 AM #22
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- Sep 2019
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03-13-2020, 10:59 AM #23
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03-13-2020, 12:48 PM #24
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- Jan 2020
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- 20
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03-13-2020, 01:07 PM #25
Hello, Sean of Broker Fair here.
As of this moment, Broker Fair 2020 is proceeding as planned. It is more than 2 months away on May 18th. Last year's day of May 18th in NYC was 75 degrees. The recent NY gathering restriction is for right now. It is precautionary and it is very unlikely to continue to still be in effect in May. We are of course monitoring all the angles. Events are booked in stone with a venue typically a year in advance. We will advise you if something changes!
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