Results 26 to 50 of 58
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08-04-2021, 05:55 PM #26
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- Jul 2021
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- United States
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- 145
" The world has always gone forward when people have dared to have crazy ideas . . . "
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08-04-2021, 06:01 PM #27
- Join Date
- Jul 2021
- Location
- United States
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- 145
Maybe not "classes", but plenty of videos. We actually have a few Partners that are willing to guide us and advise us.
We won't be buying leads. That is the purpose for the "Network" - to have many, many feet, eyes and ears in the street putting our products / services in front of the businesses.
All deals will first come to our inhouse team for review. If it looks good - we'll match up the business with one of our Funders until we get them a deal that makes sense for everyone.
I value all of the positive input from this Forum. Thus, the reasoning why I ask the questions. I have made some awesome connections here and appreciate it . . ." The world has always gone forward when people have dared to have crazy ideas . . . "
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08-04-2021, 06:02 PM #28
- Join Date
- Jun 2021
- Location
- miami
- Posts
- 436
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08-04-2021, 06:03 PM #29
- Join Date
- Feb 2017
- Posts
- 3,450
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08-04-2021, 06:05 PM #30
- Join Date
- Jul 2021
- Location
- United States
- Posts
- 145
" The world has always gone forward when people have dared to have crazy ideas . . . "
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08-04-2021, 06:06 PM #31
- Join Date
- Dec 2016
- Posts
- 379
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08-04-2021, 06:07 PM #32
- Join Date
- Jul 2021
- Location
- United States
- Posts
- 145
" The world has always gone forward when people have dared to have crazy ideas . . . "
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08-04-2021, 06:09 PM #33
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- Jul 2021
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- United States
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- 145
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08-04-2021, 06:15 PM #34
- Join Date
- Feb 2017
- Posts
- 3,450
That in-house team should have industry experience and already know which funders to take these deals to, and can point you in the right direction for funding, at least on the MCA side. Obviously that person should be paid a salary (W2/1099, that's your call, Karen's not here to comment), and perhaps a given % of residuals for helping you out. Then there's the "non-MCA" funding aspect (real estate, factoring, LOCs, equipment finance), which is why us super-brokers exist, but then you're cutting out from the sub-brokers and the MLM aspect.
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08-04-2021, 06:36 PM #35
- Join Date
- Feb 2018
- Posts
- 1,349
broker through broker model doesn't work very well. you are going to want to control the sale, the relationship with customer, and, as you add product services, earn ancillary revenue from those customer's. If you hand off a deal to an ISO or Broker, you earn less, and, dilute your relationship with customer. Stay direct as much as possible and with direct funders as much as possible.
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08-04-2021, 06:46 PM #36
- Join Date
- Mar 2019
- Posts
- 254
EPIC ADVANCE
Mark@epic-advance.com
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08-05-2021, 09:44 AM #37
- Join Date
- Jun 2021
- Location
- miami
- Posts
- 436
there's a reason none of us have street teams and most of us use aliases. this is a dirty industry and when someone loses everything they are going to come to you first. being in person and direct is not the way to be in this industry its not safe and not effective in the long run. its more effective to do ppc and online marketing and have a team of callers. you'll make more money and the likely hood someone shows up pissed off at your office is a lot less.
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08-05-2021, 12:06 PM #38
- Join Date
- Mar 2021
- Posts
- 53
$15k- 1mm
Please email me at info@thorcapitalgroup.com
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08-05-2021, 01:23 PM #39
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- Jul 2021
- Location
- United States
- Posts
- 145
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08-05-2021, 03:43 PM #40
- Join Date
- Dec 2016
- Posts
- 379
I remember when this one happened... wildddd
https://www.nbcnewyork.com/news/loca...siness/226059/
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08-05-2021, 03:46 PM #41
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- Jun 2021
- Location
- miami
- Posts
- 436
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08-05-2021, 04:55 PM #42
- Join Date
- Dec 2019
- Posts
- 65
We offer up to 15 months on A paper MCA submissions and 24 months on Term Loan submissions. Feel free to reach out for additional information.
Benjamin Lugassy
SOS Capital
blugassy@soscapital.com
P:212-235-5462
F:212-235-5459
www.soscapital.com
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08-06-2021, 03:31 PM #43
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- Jul 2021
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- United States
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- 145
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08-06-2021, 03:45 PM #44
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- Jun 2021
- Location
- miami
- Posts
- 436
yup this isn't like selling a silly product, you will at some point ruin someone's life and business, at some point someone will lose everything, at some point you will cause someone to lose a home and become homeless. this isn't an easy game and it has a **** ton of cons, but the positive is we can make a metric crap ton of money and the ones that use the money the right way genuinely grow their business. that's why most of us use aliases and never meet a merchant in person. this isn't a game you will destroy someone's life eventually it sucks but that's how lending money works not everyone pays it back and they default. do you really want the person who defaults and loses everything to come to pay you an office visit, do you want them to be able to search your family home and visit you while you are eating dinner. I know that sounds like an extreme example but it's the world we live in and if you arent willing to play the game we do, don't enter it you'll just get hurt.
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08-06-2021, 04:05 PM #45
- Join Date
- Jul 2021
- Location
- United States
- Posts
- 145
So long as we are 100% transparent on the deal - if everything you said above happens to them - they did it - not us. That's one of my reasons for not wanting to charge 1.29 - 1.39. I can see the 1.499 if it was over 9 to 12 months - but, dang that is expensive.
I was a District Mgr for an area Pay Day Loan company. We had to repossess vehicles quite often. Had to get Judgements on some and wait till they sold their homes, land, etc to get our money.
Also ran high revenue Rent To Own stores. Not something that will ruin someone's life - but did charge 3x on the cost." The world has always gone forward when people have dared to have crazy ideas . . . "
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08-06-2021, 04:25 PM #46
- Join Date
- Mar 2018
- Location
- Salt Lake City, UT
- Posts
- 86
Most people that enter the space think MCA rates are "expensive". You need to remember this is America where capitalism's is king and if the merchant can get better rates good for them. But if they quality for a 1.49 that is all they will get. Also I think most merchants would rather get a 1.49 at 6 months than a 1.35 at 4 months.
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08-06-2021, 04:48 PM #47
- Join Date
- Oct 2020
- Location
- Ontario,Canada
- Posts
- 141
When a client says wow "I'm not paying you back 15000 for the 10k - are you crazy?
I say yes and then I say" if I give you $10 k to purchase inventory - and you sell that inventory at 30k even if you pay me 5k for my money you still walk away with $15k you didn't have before without my money" I know it sounds fundamental however sometimes you have to break it down-sell as a concept " ya I never looked at it that way" -- point you don't sell MCA on the interest rate you sell it on the usage of the money - invested proper MCAs are an Awesome tool for IMMEDIATE CASH especially when your CREDIT SUCKS lol
(selling on interest is primarily associated with clients with great creds pursuing the traditional Term Loan)Last edited by G2efunding.com; 08-06-2021 at 04:51 PM.
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08-08-2021, 03:34 PM #48
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- Jul 2021
- Location
- United States
- Posts
- 145
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08-08-2021, 03:35 PM #49
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- Jul 2021
- Location
- United States
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- 145
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08-09-2021, 03:01 PM #50
- Join Date
- Jul 2021
- Posts
- 28
Hi
We are a High risk in house direct lenders, we have a large experience in the MCA industry.
we fund defaults, consolidations. Very aggressive amounts and rates
Please contact me at daniela@mradvancell.com so I can tell you more about our funding criteria
Daniela G. l ISO Relations
Direct:1(201)-616-6331
Fax:1(315)-758-1743
35-12 SUITE 3-W 19TH AVE,
ASTORIA, NY 11105
Website: www.MrAdvancellc.com
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