Results 1 to 11 of 11
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11-29-2020, 11:33 PM #1
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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?
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11-30-2020, 10:24 AM #2
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"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.....
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11-30-2020, 10:39 AM #3
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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 EquitiesLast edited by Focused; 06-28-2021 at 07:51 PM.
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11-30-2020, 11:25 AM #4
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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
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11-30-2020, 12:34 PM #5
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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.
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11-30-2020, 12:41 PM #6
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11-30-2020, 12:56 PM #7
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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.
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11-30-2020, 02:46 PM #8
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/
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12-02-2020, 12:23 PM #9203-705-8764
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12-04-2020, 04:25 AM #10
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12-08-2020, 06:36 PM #11
Reputation points: 33
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- Dec 2018
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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/
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