[TheUnderwritingProdigy]

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.

I remember when this one happened... wildddd

https://www.nbcnewyork.com/news/loca...siness/226059/

[Bcooper]

I remember when this one happened... wildddd

https://www.nbcnewyork.com/news/loca...siness/226059/

SEE WHAT I MEAN thankyou prod

[cruisinman]

I remember when this one happened... wildddd

https://www.nbcnewyork.com/news/loca...siness/226059/

That was an ex-employee that did that?

[abfunders]

Cruisinman, I think we would do much better with the two options that I presented you. MLM on MCA is a hard sell, it needs literally someone who can take over all of the hard work and the end seller is simply data mining and lead gen.

See here:
https://dailyfunder.com/showthread.p...298#post153298
And the youtube link I found that explains what they do.

[cruisinman]

Cruisinman, I think we would do much better with the two options that I presented you. MLM on MCA is a hard sell, it needs literally someone who can take over all of the hard work and the end seller is simply data mining and lead gen.

See here:
https://dailyfunder.com/showthread.p...298#post153298
And the youtube link I found that explains what they do.

When I was searching for alternate products / services to add to our quiver - I came across DAC. I had several conversations with David Rutz. They have an awesome Comp Plan. But - their Agent Agreement is too restrictive for us. They are great peeps tho!

[abfunders]

When I was searching for alternate products / services to add to our quiver - I came across DAC. I had several conversations with David Rutz. They have an awesome Comp Plan. But - their Agent Agreement is too restrictive for us. They are great peeps tho!

I wasn't suggesting that you work with David. I was recommending that for it to work, if it works, you need to BECOME David.

[TheUnderwritingProdigy]

I wasn't suggesting that you work with David. I was recommending that for it to work, if it works, you need to BECOME David.

banned?

[cruisinman]

I wasn't suggesting that you work with David. I was recommending that for it to work, if it works, you need to BECOME David.

Agreed . . .

That's why we decided to hire on an inhouse team to review the deals prior to seeking which Funder may take it.

I appreciate the connections you are introducing me too Micah.

[abfunders]

Agreed . . .

That's why we decided to hire on an inhouse team to review the deals prior to seeking which Funder may take it.

I appreciate the connections you are introducing me too Micah.

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.

[fundingdaily]

What’s up , are u signed up with us yet? We would love to fund some deals together. everything is in house no white label; we are in the courts so you can confirm we are direct lenders. If you are looking for another high risk lender for the arsenal would love to discuss.

Drew@infusioncapital.org

[Bcooper]

What’s up , are u signed up with us yet? We would love to fund some deals together. everything is in house no white label; we are in the courts so you can confirm we are direct lenders. If you are looking for another high risk lender for the arsenal would love to discuss.

Drew@infusioncapital.org

i think you are out of cruismens repitoire he doesnt want to go above the 1.3s in rate

[fundingdaily]

i think you are out of cruismens repitoire he doesnt want to go above the 1.3s in rate

All about the repertoire. As he said he is new; he will learn shortly that there is a lot of money to be made above the 1.3s. Doesn't hurt to have an extra funder in the arsenal. Good try though bud

[Bcooper]

All about the repertoire. As he said he is new; he will learn shortly that there is a lot of money to be made above the 1.3s. Doesn't hurt to have an extra funder in the arsenal. Good try though bud

I'm not attempting to dissuade you from trying to get him to sign up with you, I'm just pointing out he's adamant he doesn't want to leave the 1.3s and you are a high-risk lender id personally rather do high-risk 1.49s than a 1.3 any day of the week

[cruisinman]

I'm not attempting to dissuade you from trying to get him to sign up with you, I'm just pointing out he's adamant he doesn't want to leave the 1.3s and you are a high-risk lender id personally rather do high-risk 1.49s than a 1.3 any day of the week

I hear ya Bcooper. I may have spoke too soon on limiting what we will push.

1.49's sure look good on the syndicating side . . .

[cruisinman]

All about the repertoire. As he said he is new; he will learn shortly that there is a lot of money to be made above the 1.3s. Doesn't hurt to have an extra funder in the arsenal. Good try though bud

MCA money is expensive $$ . . .

Could maybe justify 1.49 on a risky client - but, would have to make sense for everyone. Just don't see us pushing that out - especially short term.

[mikem]

As some of you know - I'm new.

I don't want to make mistakes that can be avoided. Could you please give me the names of those that you recommend that we partner with?

$5k to $15k?

$15k to $50k? [ We already have Credibly ]

$50k & up? [ We already have Fresh Funding ]

TIA.

The last thing that defines a file (and which funder to submit to) is the REQUESTED AMOUNT by the merchant. Please tell me you understand this.

[fundingsmbs]

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.

[cruisinman]

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.

You have some direct Funders that you would recommend to someone that is starting out?

[ryan $]

You have some direct Funders that you would recommend to someone that is starting out?

This isnt true at all.

When your just starting out it most certainly is beneficial to work with a Large Trusted Broker Shop. For Instance.... this guys (Already have Fresh, Credibly) Comments, tells me he has no idea how to screen, place deals properly. Most ISO's have 50+ Funders, and relationships. I won't mention who, But recently an ISO Sent me a file and we Funded it at "Funder A" - The ISO sent it to Funder A and it was declined.

When your just starting out there 100% is benefit to sending files into a well established ISO, to properly place files and leverage their relationships.

Not to mention, more and more Ive been getting offers contingent that we Syndicate. So if a shop isnt syndicating, there goes that offer.

[KatieBell]

$15k- 1mm

Please email me at info@thorcapitalgroup.com

[ben2020]

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.

[danielamradvance]

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

[mikem]

As some of you know - I'm new.

I don't want to make mistakes that can be avoided. Could you please give me the names of those that you recommend that we partner with?

$5k to $15k?

$15k to $50k? [ We already have Credibly ]

$50k & up? [ We already have Fresh Funding ]

TIA.

Lincoln Funding has done some aggressive fundings in the D paper box. Weeklys behind dailies, TRUE consolidations, sometimes even bi-weekly payments very rare stuff for a D paper funder. They win the dollar amount 9/10 times for deals under 50K.

[fundingsmbs]

If your sending a deal to an A funder who declines a newer ISO's deal but approves it for you, there are bigger problems. I would also stay away from any funder who forces you to put your own money in the deal to approve it. We will agree to disagree on these topics as they say

[excelcap]

Do you have anyone offering lines of credit for your clients? GCM can hit all those brackets for 1st -4th position on MCA and LOC products. We go out from 3 -12 months. For more info or to sign up as an iso email - Inquiries@gcmcapitalgroup.com