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07-22-2020, 11:55 AM #1
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- Nov 2018
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- 24
Shout out to MAYFAIR BUSINESS CAPITAL - Funded 110k 12 points!
Just wanted to give a shout out to the guys at MBC. They work very fast and are very fair.
They are one of the only funders I am signed up with still paying 12% on deals and refis
My ISO rep is Zack submissions@mayfairbusinesscapital.com
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07-22-2020, 01:32 PM #2
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- Mar 2019
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EPIC ADVANCE
Mark@epic-advance.com
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07-22-2020, 02:06 PM #3
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- Aug 2014
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- 620
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07-22-2020, 02:26 PM #4
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- Mar 2015
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- Boynton Beach
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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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07-22-2020, 02:28 PM #5
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- Mar 2019
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Im definitely nothing like the guy from mantis.
Paying 12 pts isnt a noteworthy anymore. Furthermore, saying "They are one of the only funders I am signed up with still paying 12% on deals and refis" is not accurate at all.
If it is in fact true that not too many people are paying 12 points on new and refi deals, forgive me showing John that he has options to make more money with higher-paying funders while self-promoting myself. Either way, john should not be complacent with other funders offering below the industry standard.Last edited by Akanner; 07-22-2020 at 02:32 PM.
EPIC ADVANCE
Mark@epic-advance.com
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07-22-2020, 02:39 PM #6
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- Jun 2020
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- 34
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07-22-2020, 02:53 PM #7
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- Mar 2019
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EPIC ADVANCE
Mark@epic-advance.com
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07-22-2020, 03:03 PM #8
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- Jun 2020
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- 63
IRM dont lie! the mans fast and honest as hell.
not sure how this thread became all abt IRM but im gonna back my man here cuz he not mantis type of guy and no BS he pays up to 15 pts.
not sure who in mca is trying to get away with less than 12....but not gonna happen whne u have real ppl paying 12 and more.
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07-22-2020, 03:42 PM #9
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- Mar 2015
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- Boynton Beach
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- 3,490
I bunch of fairly new forum members vouching for a funder..... Never seen that before........
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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07-22-2020, 04:20 PM #10
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- Jun 2020
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- 63
hey Kev, why dont you take a seat. all you do is trash ppl on DF and are a skeptic of anyone else trying to earn an honest living in the industry.
who do you think you are?? the Sherrif of DF?
Just cuz im fairly new to DF that all of a sudden that means that i can't stick up for my friend and if i do then something is "off". only people who have been on DF since 2015 have valid opinions??
i think you contribute to the problem of the "reputation" of this industry when you create a toxic environment.Last edited by RBcapital; 07-22-2020 at 04:24 PM.
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07-22-2020, 04:28 PM #11
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- Jul 2020
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- 14
It was a tad coincidental that a bunch of newly established accounts came to the backing of this specific post. That's all I think "Kev" had an issue with - but I'm sure this could quickly be resolved should you establish who you are and your relationship with the aforementioned funder.
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07-22-2020, 04:32 PM #12
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,490
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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07-22-2020, 04:44 PM #13
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- Jun 2020
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- 63
its not a bunch of us, it was 2 people that backed IRM up. No offense but your account looks pretty new too my friend but that should not disqualify you from saying your opinion or contributing positively on DF.
i have funded deals with IRM pre covid and they were good to me. no secret that they are a fairly new funders. and i am also fairly new broker to the industry hence the new account.
perhaps i was a bit harsh on kev but not sure why he had to question people's actions and validity.
im sure kev is a decent guy in this industry but why attack when we can help raise everyone up. especially during the slow times
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07-22-2020, 05:03 PM #14
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- Mar 2019
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- 254
Oh wow this is getting a bit intesnse.
1) Sorry for self promting and piggybacking the post. Not my intention just trying to get business moving. Not looking for problems or negative attention. That is not how we conduct business.
2) Thank you to those that vouched for me regardless of your time on this forum. Appreciate you having my back!
3) If anyone needs more info or has an inquire, feel free to look into IRM and the owner Abe Franco.
If anyone has any issues, inquires, tips or ideas feel free to Private message me.EPIC ADVANCE
Mark@epic-advance.com
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07-22-2020, 05:30 PM #15
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- Apr 2020
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- 54
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07-22-2020, 05:33 PM #16
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- Apr 2020
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Remember when this thread was about Mayfair Business Capital? Me neither
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07-22-2020, 05:44 PM #17
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- Mar 2019
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EPIC ADVANCE
Mark@epic-advance.com
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07-22-2020, 06:45 PM #18
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- Aug 2016
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- 486
That may be the million dollar question..
I don't think there is an answer, due to all the variables..
For example.
Pre Covid, Paypal was doing 83 week 100K deals with 1 weekly ACH draw for a 1.06 effective rate.
With a rate that low, I am not sure how much they are able to pay the various parties involved.
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07-22-2020, 07:09 PM #19
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- Apr 2020
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07-22-2020, 09:35 PM #20
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- Mar 2019
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I agree that the industry standard is up in the air in regards to what funders want to fund and how much they want to fund. The risk level tehy want to incur is at their own discretion. Rightfully so.
As a funder I do not agree with the notion that one can use Covid as an excuse to pay lower than normal commissions. Brokers are losing business just as much as many other business owners across the world right now. In that area, the standard should be kept at a normal industry standard. No one wants to hear from a funder that they are willing to fund but not willing to pay full commission.EPIC ADVANCE
Mark@epic-advance.com
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07-23-2020, 09:24 AM #21
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- Apr 2020
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- 54
Ultimately it should come down to when the funder informs you of how much commission you'll be getting. If a broker sends to a place that used to pay out 15% and after funding a deal uses the COVID excuse to only pay 6% then I agree with you, but if the funder is actively telling the brokers that due to covid they can't pay out 15% anymore (cuz their investor won't allow, or margins got squeezed or whatever the reason), and instead they CAN still pay out 6%-10% but at least they're funding, then it's up to the iso where they want to send their business. Even if it's less than what the industry norm used to pay out less than 4 months ago
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07-23-2020, 09:56 AM #22
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- Mar 2019
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EPIC ADVANCE
Mark@epic-advance.com
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07-23-2020, 09:59 AM #23
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- Aug 2016
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So are you saying there was a "normal industry standard" Pre Covid? From my own personal experience Pre Covid, the numbers where all over the place. It just depended on how savvy the merchant was. On the same paper, I have seen competiting offers come in from 1.15 to 1.06. Daily ACH, Weekly ACH, & Credit Card Splits.. To me, that shows no standard. It's like a box of chocolates, you never know what you gonna get.
Last edited by Winning; 07-23-2020 at 10:11 AM.
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07-24-2020, 10:40 AM #24
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- Jun 2017
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- 2,049
Par has been on point during Covid - Paying 15.
Definitely filling a void for me that Everest opened up by not funding
Need those 15 points, lol
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07-24-2020, 10:52 AM #25
- Join Date
- Jan 2014
- Posts
- 1,375
from Mayfair to IRM to Parr...this post took some interesting turns
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