[SFC]

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.

[rhum2016]

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.

[Kevin Henry-Seacoast]

Just floated a $3Mil ABL facility and can't wait to close it!

[Get It Done]

datamerch

[SFC]

datamerch

It's good but won't address this nearly enough. This will be a MASSIVE problem. Most will have lowered payments and funders will get screwed because that route of finding defaults will not be available for months.

[WestCoastFunding]

Just make 1.49 over 20 days with 10% fees the standard across the board. We are all going to become default funders.

[SFC]

Just make 1.49 over 20 days with 10% fees the standard across the board. We are all going to become default funders.

hahah unfortunately that may be the truth! Going to make renewals super easy. Each week a merchant is alive during the pandemic they will be renewed.

[BB_Cooper]

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-

[mcaguru]

I just checked Industry stocks:
Ondeck -26%
IOU -25%
Newtek - 14%
Square, Inc -10%
Shopify - 8%
Enova (business backer) -5%

[MCN]

I just checked Industry stocks:
Ondeck -26%
IOU -25%
Newtek - 14%
Square, Inc -10%
Shopify - 8%
Enova (business backer) -5%

Thats not inustry specific. Markets are collapsing across the board

[SFC]

Thats not inustry specific. Markets are collapsing across the board

Ondeck is a STEAL right now. Anyone want to give me/partner with me on an 80mm ABL loan against Ondeck so we can take it over?

That guy Franklin has some good sources of capital?!

[Kevin Henry-Seacoast]

Ondeck is a STEAL right now. Anyone want to give me/partner with me on an 80mm ABL loan against Ondeck so we can take it over?

That guy Franklin has some good sources of capital?!

Go into your kitchen, throw a bunch of knives in the air, and try to catch them blind-folded..... It would be much safer....

[SFC]

Go into your kitchen, throw a bunch of knives in the air, and try to catch them blind-folded..... It would be much safer....

Pass. Bought a bunch of stock. I definitely will not lose any hands or fingers doing it.

[Kevin Henry-Seacoast]

Pass. Bought a bunch of stock. I definitely will not lose any hands or fingers doing it.

the Fed pumped 1.5Tril into the market today.....the market rallied and rolled right back over again.....

[mcaguru]

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).

[SFC]

the Fed pumped 1.5Tril into the market today.....the market rallied and rolled right back over again.....

Buy on the fear. Sell on the Greed. It's a tale as old as time. If we can't sack up now, we never will!

[Kevin Henry-Seacoast]

Buy on the fear. Sell on the Greed. It's a tale as old as time. If we can't sack up now, we never will!

SFC-Go out and buy 50,000 shares in 1 share lots. Ask your broker to send you the stock certificates. Toilet paper shortage solved......

[SFC]

SFC-Go out and buy 50,000 shares in 1 share lots. Ask your broker to send you the stock certificates. Toilet paper shortage solved......

Lol honestly at the rate/hoarding of toilet paper... the certificates will be worth more!

[Jack23]

In other news.....New York City has banned event's with more than 500 people.......I guess no Brokerfair?

[FUND3R1]

In other news.....New York City has banned event's with more than 500 people.......I guess no Brokerfair?

& This is what I want to know..

[mrmrg]

In other news.....New York City has banned event's with more than 500 people.......I guess no Brokerfair?

By the looks of it, there won't be any conferences happening around the world anytime soon.

[cmarks]

In other news.....New York City has banned event's with more than 500 people.......I guess no Brokerfair?

would you go?? the peak time if we are lucky might just be over by then but still thousands if not millions will still be infected. ill pass, but theres money on the line so there are some that think its a good idea still/

[Michael I]

would you go?? the peak time if we are lucky might just be over by then but still thousands if not millions will still be infected. ill pass, but theres money on the line so there are some that think its a good idea still/

wonder if they will return money. tons of pre tickets were sold

[SFC]

wonder if they will return money. tons of pre tickets were sold

I'd assume they'd just push it back worst case? It's going to happen at some point.

[FUND3R1]

I'd assume they'd just push it back worst case? It's going to happen at some point.

In The Summer would be nice