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04-02-2020, 06:27 PM #1
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- Apr 2020
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- Broomall, PA
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Looking for ISOs: Refinancing Merchant Cash Advances to a 24 to 36-Month Term Loan
We do MCA refinance (consolidations) into a 24 to 36-month term loan with ONE MONTHLY PAYMENT and offer new working capital at closing.
We are direct lenders and use our own capital to lend.
We are currently lending and haven't stopped.
Massive opportunity with our product in the small business landscape right now and for months/years to come.
Stefan Bernarsky
CIO
Kanjorski Partners LLC
570-862-7279 call or text
www.kanjorskipartners.com/refinance
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04-10-2020, 12:14 PM #2
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- Jun 2017
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I think the whole forum knows what you do by now guy
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04-10-2020, 12:48 PM #3
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- Dec 2017
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- 238
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04-10-2020, 01:34 PM #4
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- Nov 2013
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- 598
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04-10-2020, 01:39 PM #5
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- Apr 2020
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- Broomall, PA
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We do not lend in CA and we only do non-mortgage, business/commercial lending.
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04-10-2020, 01:51 PM #6
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- Nov 2013
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04-10-2020, 01:51 PM #7
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- Apr 2020
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- Broomall, PA
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- 123
No they are not.
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04-10-2020, 05:18 PM #8
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- Apr 2019
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- 318
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04-10-2020, 05:20 PM #9
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- Nov 2013
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Either they are in noncompliance with regulations and banking laws, or they are full of sh@t....me thinks both lol
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04-14-2020, 08:44 PM #10
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- Apr 2020
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- Broomall, PA
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- 123
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04-11-2020, 01:45 AM #11
You do not need a lender's license to operate in most states, even if you are structuring your transactions as a business loan.
Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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04-14-2020, 08:35 PM #12
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- Apr 2020
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- Broomall, PA
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- 123
You are correct Zach. I am glad you do your research which FCF clearly does not. He is engaged in "group speak" on this one for sure. He is fairly intelligent in other posts yet completely misses the mark on this discussions and is just flat wrong. FCF Fund doesn't know what he is talking about when it comes to state and federal regulation of non-mortgage business loans. There is very little that governs a non-mortgage business loan in most all states. There are only usury laws in each state and a few states where a license is needed like CA. Other than that, this is what the UCC is for to govern interstate commerce. And to go even further, FCF, why do MCA companies even file UCCs since they are not even secured parties other than the receivables they purchase, yet they purchase receivables and get businesses and business owners to sell their receivable and/or future sales? And in most instances its not even theirs receivable or business asset to legally sell as more senior creditors already have a blanket UCC lien over all the collateral. MCAs are a contractual joke and they are predatory; payday loans for businesses.
The wake of this COVID epidemic will bring waves of class actions law suits against MCA companies and recharacterizations of advances into loans. Wait and see. Just ask Soft Bank about Kabbage.Last edited by KanjorskiPartners; 04-14-2020 at 08:43 PM.
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04-23-2020, 09:05 AM #13
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- Apr 2017
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- 127
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04-23-2020, 10:37 AM #14
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- Apr 2020
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- Broomall, PA
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- 123
We only do MCA refinances and we have a $150k minimum refinance amount.
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04-23-2020, 10:45 AM #15
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- Apr 2015
- Posts
- 38
are you a debt consolidation company? do tell merchants to stop paying there old advances?
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04-23-2020, 11:27 AM #16
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- Aug 2016
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04-23-2020, 06:49 PM #17
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- Apr 2020
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- Broomall, PA
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- 123
No we do not tell merchants to stop paying their old advances. We pay off their MCAs and get them zero balance letters. We roll it all into one loan at the par value owed on a 24 to 36-month amortization with one monthly payment.
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04-23-2020, 07:55 PM #18
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- Jun 2017
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04-24-2020, 01:37 PM #19
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- Oct 2016
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Last edited by WestCoastFunding; 04-24-2020 at 01:59 PM.
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04-24-2020, 02:47 PM #20
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- Apr 2020
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- Broomall, PA
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- 123
this has been asked before and yes they are made aware of this right from the start. They are more-than-happy to have a new payment that is 50 to 90% less per month than it is on their MCA amortization.
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04-24-2020, 02:49 PM #21
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- Apr 2020
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- Broomall, PA
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- 123
This has been asked before and yes they are made aware of this right from the start. They are more-than-happy to have a new payment that is 50% to 90% less per month (because of their new amortization) than it is on their MCA amortization and the MCA company is more-than-happy to get an accelerated return on their capital or at minimum the expected monthly return on their capital, therefore the can reroll the compounded return into a new origination. Its a win-win-win-win transaction no matter how you try to dissect it (broker, merchant, us, MCA funder)
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04-23-2020, 10:10 PM #22
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- Apr 2014
- Posts
- 781
If hes paying the mca off early you can ask to pay less as full settlement. They are getting the mca paid off early. If mca comoany agrees whats the issue ??
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04-24-2020, 08:13 AM #23
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- Jan 2020
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- New York, NY
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- 102
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04-24-2020, 08:32 AM #24
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- Feb 2017
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FHF, there are no rules in the industry, remember? It's still the wild west. "It's technically considered a default" is in the eyes of the beholder. Everyone wants to not pay a premium for money, and there's nothing wrong or illegal about good-faith negotiations. If the MCA companies cared about "their" merchants, then they would be thrilled that they found something else. Instead, it's a show of "selling cash" and selling bandaids as "real" solutions. Funders have obligations to resell their investors money, and want the entire balance paid-in-full. The funders legally bought the future receivables, there's nothing wrong with them demanding the entire amount (there is a contract after all ), but there's something wrong with someone saying that good faith negotiations are "technically defaults."
If a merchant successfully negotiated an early payoff, there's no law stating that the funder needs to write "settled" on a ZBL, nothing preventing them from saying "paid in full." They just might do it anyway. Both may be accurate statements.
Also, I don't think that a merchant who's entering a 24-month program with a balloon will be going back for MCAs so quickly (at least I hope not). Saving the merchant the money on the payoff and increasing cash-flow might save their business.
Trying not to take sides, just pointing out what is obvious to me.
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04-24-2020, 08:39 AM #25
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- Jan 2020
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- New York, NY
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