Seasoned MCA veterans - what Funders do you recommend? - Page 3
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  1. #51
    Quote Originally Posted by patrickw View Post
    I'm not a MCA veteran but heres what I have been using for last couple of years and they are amazing.

    Ondeck
    Rapid
    Knight Capital
    CDG
    Fox Capital
    Global Funding Experts
    Lendini/Funding metrics
    Everest
    Vital Cap
    Fundworks
    Lendig Valley
    Total merchant
    BHB Fudning
    River Advance
    CFG
    Velocity
    Legend
    Fundfi
    YSC
    LCF
    Cooper
    Bitty
    GMF (they are broker)
    Credibly
    Queen
    Secure Funding Source
    Patrick, give us a try I'm confident you will be happy to work with us.

    daniel@fundsfs.com
    www.fundsfs.com

  2. #52
    Senior Member Reputation points: 6278
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    Quote Originally Posted by cruisinman View Post
    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.

  3. #53
    Senior Member Reputation points: 1223
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    Quote Originally Posted by fundingsmbs View Post
    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?
    " The world has always gone forward when people have dared to have crazy ideas . . . "

  4. #54
    Banned Reputation points: 179851
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    Quote Originally Posted by cruisinman View Post
    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.

  5. #55
    Senior Member Reputation points: 86884
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    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

  6. #56
    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

  7. #57
    I fund anywhere from 5K- 400k

    Feel free to shoot me an email or call me on my direct line!

    Kate Blaine
    ISO Relations
    __________________________________________________ ________

    8950 West Olympic Blvd. Suite 695
    Beverly Hills, CA 90210
    Direct: (424) 437-4372
    Office: (424) 255-6248
    kate@wellsadvance.com
    www.wellsadvance.com

  8. #58
    Velocity is defiantly a top 5 lender. We are very aggressive with our pricing of our B/C paper files!

    Would love to discuss more- email/call me!

    Ashleigh
    916-468-9798
    ashleigh@velocitycg.com

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