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02-24-2021, 12:12 PM #1John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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02-24-2021, 12:21 PM #2
- Join Date
- Apr 2020
- Posts
- 191
I am not disagreeing with you in certain scenarios, I see your point, but at the end of the day no-one is forcing these people to take it, and as long as everything is fully disclosed shouldnt the business owner have the right to make their own decisions?
I think were arguing two different things. You're arguing the math on hypothetical/imaginary scenarios based on your experiences, I am arguing against your absolute/blanket statements and against your desire to take options away from other grown adults who should have the right to make their own decisions. (as long as everything is fully disclosed)
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02-24-2021, 12:31 PM #3
Will never agree with knowingly selling someone something that I know will hurt their business. Especially when I know it is these programs that have put a target on the industry as a whole and will lead to regulations that could ultimately destroy the industry. Its not worth it for me or for the business ownerJohn Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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02-24-2021, 12:36 PM #4
- Join Date
- Jun 2015
- Posts
- 754
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02-24-2021, 12:37 PM #5
- Join Date
- Apr 2020
- Posts
- 191
Well what really put a target on this industry's back is not the actual deals, its the way some funders in this industry acted throughout their business dealings with merchants and as far as you never agreeing and never being willing to offer something like this, I am on the same page, I stay away from offering these but I like knowing that its based on my decision not to do so..... not another grownup who is not in my shoes deciding that I am not allowed.
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02-24-2021, 01:23 PM #6
- Join Date
- Apr 2015
- Posts
- 38
A broker should help the merchant not stress the business.
Just like a Doctor shouldn't prescribe drugs that wont help the patient ...............Look what happened to Michael Jackson.
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02-24-2021, 01:56 PM #7
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,948
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
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02-24-2021, 02:10 PM #8
- Join Date
- Jun 2017
- Posts
- 2,049
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02-24-2021, 02:18 PM #9
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,484
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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02-24-2021, 04:58 PM #10
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,948
MCA Contracts
A MCA funder is purchasing 100% of "Future Receivables" and the repayment is a % of the daily/weekly/monthly receipts.
Whatever terms the contract states.
A true MCA, not an MCA disguised as a Loan (Consult an Attorney) the devil is in the details of the contract.
My niche market is "Credit Card Splits" - The funder I work with is purchasing 100% of the "Credit Card Receipts"
until the Full Purchase is repaid. No Stacking allowed and included is a hefty "No Stacking Penalty"Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
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