One stop shop?
Need a Funder or Vendor? START HERE

Results 1 to 11 of 11
  1. #1
    Banned Reputation points: 15
    Join Date
    Nov 2020
    Posts
    16

    One stop shop?

    For an ISO package, which company is likely to cover all of the needs of the average MCA for the average business?

  2. #2
    Senior Member Reputation points: 226631
    Join Date
    Feb 2017
    Posts
    3,410

    "Likely"....
    I don't think that there is such a thing as "will", if you're looking for 100% direct funders. They can just broker it out.
    The reason why we brokers have space here. To match the "have money" to the "needing money"
    Not everyone is going to want an MCA.....

  3. #3
    If the goal is to cover your bases with as few funders, look into a few of the most well-known sources.

    A: OnDeck, Credibly
    B/C: Everest, Knight
    D: Mantis, LCF
    High-Risk: East Shore Equities
    Last edited by Focused; 06-28-2021 at 06:51 PM.

  4. #4
    I don't know if there's such thing as a one-stop-shop for ALL your MCA needs. However, B/C paper, we'll surely cover all your needs there. Please feel free to reach out for our guidelines
    Michael Rodriguez
    24 Capital LLC | Funding Specialist
    C: (917)-246-9858
    E: Michaelrod@24capital.com

  5. #5
    Senior Member Reputation points: 8536
    Join Date
    Dec 2015
    Location
    Los Angeles, CA
    Posts
    121

    As Yankee said, so many different products for various needs. Know your customers and then niche your services to meet those specific needs and get really good at funding those deals.

    [Example:] If you have a lot of construction/truckers/landscapers etc.
    There will be a large portion that may just want quick capital through an MCA, cool. But look at the needs of the client's in these particular industries and how their processes work. Most will need equipment within the next 3 - 5 years and an MCA may not be as beneficial as a lease. Some will have simple last minute costs come up (frequently) and it doesn't make sense to take an MCA every 2 - 3 months and are better suited with an LOC. Others may not collect up front and get paid 30 - 120 days out and would prefer to just factor their invoices to get capital opposed to all the above mentioned.

    To make things easier, don't just accept every type of file and overload yourself with burdens by with telling every client "We can do that" in order to get some type of deal. - Instead figure out what you want to do and can specialize in, find the right lenders and build good relationships, then qualify your prospects according to what you offer, inform them if they don't know, and see if there is a solution or if the idea makes sense.

    You fund a lot more deals when you stay in your lane.

  6. #6
    Senior Member Reputation points: 306908
    Join Date
    Jun 2015
    Posts
    3,321

    Quote Originally Posted by borrowmoneyhere View Post
    For an ISO package, which company is likely to cover all of the needs of the average MCA for the average business?
    a super broker will be the only option for a one stop shop

  7. #7
    Senior Member Reputation points: 1519
    Join Date
    Aug 2020
    Location
    New York, NY
    Posts
    123

    Not gonna say that we're you're one stop shop (That doesn't really exist in this industry honestly speaking)
    But you can give us a shot at your smaller deals, ClearFund specializes in small deals (2k-30k)
    We snap fund same day with no min credit requirement (we don't run credit at all) and we look at files doing 5k+ in monthly rev.

    Feel free to send us an email at partners@clearfund.co or 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

  8. #8
    Sponsor Reputation points: 9187 DannyFoxCap's Avatar
    Join Date
    Feb 2019
    Location
    Miami, FL
    Posts
    147

    Fox can be competitive for B paper through High Risk deals for merchants making at least 50k/month. Reach out if you are not already signed up.

    https://foxbusinessfunding.com/partners/
    Direct: 347-468-7528
    Cell: 305-753-3967
    Fax: 866-557-0455
    Email: Danny@foxbusinessfunding.com

  9. #9

  10. #10
    Senior Member Reputation points: 64261
    Join Date
    Oct 2020
    Posts
    129

    Quote Originally Posted by borrowmoneyhere View Post
    For an ISO package, which company is likely to cover all of the needs of the average MCA for the average business?
    Only a reputable super ISO. Worth every point.

  11. #11
    tired of getting your files declined by "B-D FUNDERS"
    SEND IT MY WAY AND I WONT WASTE YOUR TIME. APPROVALS ON ANYTHING WITH 25K REV OR UP...

    MARK@BRIDGEFUNDINGCAP.COM

    Best Regard,

    Mark Cohen

    Funding Director

    Bridge Funding Cap LLC

    http://bridgefundingcap.com/

Similar Threads

  1. Please Stop Ace
    By SFC in forum Merchant Cash Advance
    Replies: 0
    Last Post: 01-09-2020, 09:19 PM
  2. Replies: 2
    Last Post: 08-17-2016, 06:01 PM
  3. Replies: 0
    Last Post: 02-25-2016, 02:14 PM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

Fed penalizes Evolve Bank
Cloudsquare unveils Cloudsquare Lend
Pipe secures $100M credit facility


DIRECTORY