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  1. #1
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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

  2. #2
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    I think the whole forum knows what you do by now guy

  3. #3
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    Quote Originally Posted by ryan $ View Post
    I think the whole forum knows what you do by now guy
    Admin needs to ban this guy ASAP.

  4. #4
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    Quote Originally Posted by KanjorskiPartners View Post
    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
    No Lender Lic# on your site and you are a direct lender? Sounds legit.....

  5. #5
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    We do not lend in CA and we only do non-mortgage, business/commercial lending.

  6. #6
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    Quote Originally Posted by KanjorskiPartners View Post
    We do not lend in CA and we only do non-mortgage, business/commercial lending.
    Are your contracts structured as Purchase of Futures Receivable?

  7. #7
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    No they are not.

  8. #8
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    Quote Originally Posted by KanjorskiPartners View Post
    No they are not.
    then you need a lenders license...

  9. #9
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    Quote Originally Posted by fin4all View Post
    then you need a lenders license...
    Either they are in noncompliance with regulations and banking laws, or they are full of sh@t....me thinks both lol

  10. #10
    Senior Member Reputation points: 30475 Zach's Avatar
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    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

  11. #11
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    Quote Originally Posted by Zach View Post
    You do not need a lender's license to operate in most states, even if you are structuring your transactions as a business loan.
    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.

  12. #12
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    Quote Originally Posted by fin4all View Post
    then you need a lenders license...
    Incorrect. Do your research.

  13. #13
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    Quote Originally Posted by KanjorskiPartners View Post
    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
    Will you fund a restaurant doing $30k in monthly revenue, owes $9800 to Knight?

  14. #14
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    We only do MCA refinances and we have a $150k minimum refinance amount.

  15. #15
    are you a debt consolidation company? do tell merchants to stop paying there old advances?

  16. #16
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    Quote Originally Posted by Joseph Pak View Post
    are you a debt consolidation company? do tell merchants to stop paying there old advances?
    They do not tell merchant to stop payments but they do negotiate to pay less. I called 10 funders 3 told me they do consider it debt consolidation and the others told me they do not know.
    Will admin care to chime in over here

  17. #17
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    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.

  18. #18
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    Quote Originally Posted by KanjorskiPartners View Post
    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.
    Ok you don't tell them to stop payments, but....

    Do you "Settle for Less" on the Outstanding MCA Amounts, as opposed to paying off in full.........

  19. #19
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    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 ??

  20. #20
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    Well Ryan and Ricky, please tell me the difference between these two hypothetical transactions. Ricky you will find that your statement is incorrect. My apologies in advance to make you actually have to think.

    ********WHAT WE DO NOT NOT NOT DO**********

    DEBT SETTLEMENT (what we DO NOT DO) (or is it "Advance Settlement"...we all know advances are debts/loans and not anything else if we are being honest):
    $100,000 owed at $16,667 per month in daily payments

    factor rate 1.33 over 6 months; original net amount to merchant ~$75,000 (or less after closing costs are removed from net amount raising the factor rate actually)

    3 months into a 6 month advance duration, payments lowered to $5000 per month by a debt settlement company through tortious interference (but more importantly because the company can't sustain paying out a year's worth of equity in 4 months plus having to contribute more through "stacking" or "reverse ponzi schemes" as I like to call them, but that's another conversation)

    remaining duration extended by 3.3x times therefore the ROI for the MCA company goes way down (~70% decrease in ROI) and the risk to their capital goes way up (proportionally)

    lump sum payment to the MCA company $0

    **************WHAT WE DO DO DO, DO*****************

    DEBT REFINANCE (what we DO):
    $100,000 owed at $16,667 per month in daily payments

    factor rate 1.33x over 6 months

    3 months into a 6 month advance duration, we do a lump sum pay off

    lump sum pay off $87,375 to the MCA company on the $100,000 "remaining balance"

    MCA company gets their 5.5% per month on their money like they would on a 1.333 over 6 months w/ daily payments and they can re-advance the money/put it out new/recycle it/etc)



    Every MCA company (that understands return on capital and return of capital) that we deal with do our deals ALL DAY LONG especially when they find out that there are multiple stacks on the file and their risk has exponentially increased with each stack.

    Please, again, tell me how DEBT SETTLEMENT and DEBT REFINANCE are same the same thing and then I can tell you that you know nothing about finance or return on or of capital.

    Perhaps I am wrong and 2 + 2 really does = fish
    Last edited by KanjorskiPartners; 04-23-2020 at 11:01 PM.

  21. #21
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    Read what I wrote.I understand what you are .But bottom line it goes by what funders consider it.I have no issue submitting a file to you but I will need in writing that the funders that I work with and have renewals with will not cut me off and not a single one was willing to.
    Has anyone on here gotten a different response?I assume admin agrees with you as he never banned you

  22. #22
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    Quote Originally Posted by KanjorskiPartners View Post
    Well Ryan and Ricky, please tell me the difference between these two hypothetical transactions. Ricky you will find that your statement is incorrect. My apologies in advance to make you actually have to think.

    ********WHAT WE DO NOT NOT NOT DO**********

    DEBT SETTLEMENT (what we DO NOT DO) (or is it "Advance Settlement"...we all know advances are debts/loans and not anything else if we are being honest):
    $100,000 owed at $16,667 per month in daily payments

    factor rate 1.33 over 6 months; original net amount to merchant ~$75,000 (or less after closing costs are removed from net amount raising the factor rate actually)

    3 months into a 6 month advance duration, payments lowered to $5000 per month by a debt settlement company through tortious interference (but more importantly because the company can't sustain paying out a year's worth of equity in 4 months plus having to contribute more through "stacking" or "reverse ponzi schemes" as I like to call them, but that's another conversation)

    remaining duration extended by 3.3x times therefore the ROI for the MCA company goes way down (~70% decrease in ROI) and the risk to their capital goes way up (proportionally)

    lump sum payment to the MCA company $0

    **************WHAT WE DO DO DO, DO*****************

    DEBT REFINANCE (what we DO):
    $100,000 owed at $16,667 per month in daily payments

    factor rate 1.33x over 6 months

    3 months into a 6 month advance duration, we do a lump sum pay off

    lump sum pay off $87,375 to the MCA company on the $100,000 "remaining balance"

    MCA company gets their 5.5% per month on their money like they would on a 1.333 over 6 months w/ daily payments and they can re-advance the money/put it out new/recycle it/etc)



    Every MCA company (that understands return on capital and return of capital) that we deal with do our deals ALL DAY LONG especially when they find out that there are multiple stacks on the file and their risk has exponentially increased with each stack.

    Please, again, tell me how DEBT SETTLEMENT and DEBT REFINANCE are same the same thing and then I can tell you that you know nothing about finance or return on or of capital.

    Perhaps I am wrong and 2 + 2 really does = fish
    The bottom line, is that original 'total payback' is not being paid back. In your example, the MCA company is getting $12,625 less than what is stated on the contract. You are using the word 'interest' which is the difference here. It's a very clear stated payback amount on an MCA. Anything less than that is technically considered a default. Most MCA companies won't default the client if an agreement is reached - but it's exponentially harder to get a merchant an MCA once they have 'settled' on a prior MCA. I don't think any broker on here would risk their direct lender relationships - or risk the chance that they will never be able to do another MCA for whichever client takes part in this.
    Last edited by FHFunding; 04-24-2020 at 08:14 AM. Reason: accuracy

  23. #23
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    Quote Originally Posted by golf2014 View Post
    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 ??
    Because the client's zero balance letter will not read 'paid in full'. It will say something to the effect of 'settled', or 'satisfied', or even 'negotiated'. That's a big red flag when trying to get said client future mca's.

  24. #24
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    Quote Originally Posted by FHFunding View Post
    Because the client's zero balance letter will not read 'paid in full'. It will say something to the effect of 'settled', or 'satisfied', or even 'negotiated'. That's a big red flag when trying to get said client future mca's.
    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.

  25. #25
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    Quote Originally Posted by abfunders View Post
    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.
    Couldn't agree with you more. However, this is our livelihood and I'm talking about the way things are - not how we'd hope them to be.

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