Results 1 to 9 of 9
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10-22-2020, 03:13 PM #1
- Join Date
- Oct 2020
- Location
- New York
- Posts
- 8
setting up shop - going back to the industry.
Hey guys,
I am looking to set up shop and get back into the MCA/ lending space after a year and 6 months in the insurance industry.
I used to work for a broker, we used to fund with Yellowstone Cap and OnDeck. what companies are reputable and still funding?
also, what software do you recommend to start with? and any lead generation ideas?
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10-22-2020, 03:35 PM #2
- Join Date
- Oct 2020
- Location
- Guadalajara, Jalisco
- Posts
- 9
Cartel Advance- we behead the competition
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10-22-2020, 04:13 PM #3
Plenty, but this a quick generalist list from another thread.
A-paper:
OnDeck, Kapitus, Lendini
B/C-paper:
Kalamata, Knight Capital Funding, Everest/Vader, Quicksilver, Forward Financing
D-paper onward:
Yellowstone, LCF Group, LoanMe
Credit Lines:
Idea Financial, BlueVine
For CRM:
Salesforce - High budget, highly customizable
Zoho - Cost-effective, mediocre customer support
Pipedrive - Built "for salespeople by salespeople"
Hubspot - Freemium, may be good to start off with no/low software budget
Organic will always been best if you have ways to direct prospects to your site or to call in. Generally speaking, you can cold call lead lists, do email/SMS marketing, and direct mail campaigns. Obviously other channels are effective as well, affiliates and referrals, for example.Last edited by NationalCorporateData; 10-22-2020 at 04:15 PM. Reason: Editing for formatting
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10-22-2020, 07:01 PM #4
www.commercialfinanceacademy.com
Upon completion of the course we'll get you onboarded with us along with 12+ leading lenders offering a variety of funding products. SBA, factoring, MCA, equipment, real estate, cannabis, etc.
November class starts in about 3 weeks. Reach out to me for an application.
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10-23-2020, 01:57 PM #5
- Join Date
- Oct 2020
- Location
- New York
- Posts
- 8
Appreciate the list, thank you very much! what led generation companies are reputable?
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10-25-2020, 02:08 PM #6
- Join Date
- Feb 2018
- Posts
- 1,349
i would arm yourself with an equipment leasing company as well. really didn't have a big impact during downturn(leasing) and you can build residual income
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10-26-2020, 10:07 AM #7
- Join Date
- Oct 2020
- Location
- New York
- Posts
- 8
Do you have any solid equipment leasing companies out there?
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10-26-2020, 10:34 AM #8
- Join Date
- Feb 2017
- Posts
- 3,463
Hey OP (Orlandodls), I would recommend that if your only exposure to the industry is DailyFunder, OnDeck and Yellowstone, then I would recommend that instead of setting up your own shop that you join another shop and learn the ropes. You'll start making money faster and you'll learn a thing or two. Setting up your own shop with limited experience will probably take you 1-2 years to start being profitable as you figure out things. Especially if you're the only cold caller, signing ISO agreements, finding out about new programs, taxes / accounting, closing merchants and the only tech setup and support. You probably don't even have a domain name or website yet. If you want to hire 3 people and/or bring in partners, that makes it even more expensive. If you're not making money right away and you will loose a lot of time.
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10-26-2020, 11:14 AM #9
- Join Date
- Aug 2020
- Location
- New York, NY
- Posts
- 123
Hey,
ClearFund specializes in Micro Deals (2k-25)
we snap fund same day with minimal stips, no min fico requirement (as we usually never run credit at all) and we look at files doing 5k+ in monthly rev.
Give us a shot - send us an email at partners@clearfund.co or send your deals to deals@clearfund.co
Thanks.Underwriting Desk | ClearFund Solutions | New York, NY.
P: 855-543-2133 E: deals@clearfund.co W: www.clearfund.co
_____________________________
ClearFund is a Direct Funder
ISO inquires: partners@clearfund.co
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