[cruisinman]

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.

[Kevin Henry-Seacoast]

Now 50 people will SPAM post claiming to be veterans or funders. You should trust their advise as much as you would gas station pizza.......

[Bcooper]

Now 50 people will SPAM post claiming to be veterans or funders. You should trust their advise as much as you would gas station pizza.......

hey I've tried to be honest with the newbie kevin, you should look at his other posts on what he's set up I dont think it'll be successful but it is interesting

[TheUnderwritingProdigy]

hey I've tried to be honest with the newbie kevin, you should look at his other posts on what he's set up I dont think it'll be successful but it is interesting

cruisinman doesn't know the first thing about MCA's, yet decides to open up a shop without ANY prior MCA experience, and at that decides to make it into an MLM to top things off. Honestly, get some experience so you don't look like a fool coming to an MCA board asking for people to handhold you through every little aspect of MCA that you would learn by spending some time working for an existing shop first.

[Bcooper]

cruisinman doesn't know the first thing about MCA's, yet decides to open up a shop without ANY prior MCA experience, and at that decides to make it into an MLM to top things off. Honestly, get some experience so you don't look like a fool coming to an MCA board asking for people to handhold you through every little aspect of MCA that you would learn by spending some time working for an existing shop first.

could not have said it better myself

[cruisinman]

cruisinman doesn't know the first thing about MCA's, yet decides to open up a shop without ANY prior MCA experience, and at that decides to make it into an MLM to top things off. Honestly, get some experience so you don't look like a fool coming to an MCA board asking for people to handhold you through every little aspect of MCA that you would learn by spending some time working for an existing shop first.

Everyone is new at some point.

MCA's aren't rocket science, but we do need to learn how they work and how to market them.

I don't have time to "work" at a shop to get experience. We will rely on our Partners to help get us up to speed quickly and efficiently.

On the MLM part - isn't just a vehicle to get to market quickly. MLM isn't vile - it's a strategy to help put money in peeps pockets quickly.

We'll start out slow and build momentum as we grow.

[TheUnderwritingProdigy]

Everyone is new at some point.

MCA's aren't rocket science, but we do need to learn how they work and how to market them.

I don't have time to "work" at a shop to get experience. We will rely on our Partners to help get us up to speed quickly and efficiently.

On the MLM part - isn't just a vehicle to get to market quickly. MLM isn't vile - it's a strategy to help put money in peeps pockets quickly.

We'll start out slow and build momentum as we grow.

LOL good luck then

[cruisinman]

hey I've tried to be honest with the newbie kevin, you should look at his other posts on what he's set up I dont think it'll be successful but it is interesting

We haven't "set up" anything yet. Working on all the pieces to the puzzle.

[Michael I]

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.

first off no one is really going to fully honestly answer this question but i will help you ask a better question
i hate backdoor credibly but why will you only use them for 15k-50k and not higher? why are you not factoring in for example type of paper? positions? industry? fico? tib? # of deposits?

[cruisinman]

first off no one is really going to fully honestly answer this question but i will help you ask a better question
i hate backdoor credibly but why will you only use them for 15k-50k and not higher? why are you not factoring in for example type of paper? positions? industry? fico? tib? # of deposits?

We'd like to have a dozen or more funders so our eggs are not all in the same basket.

All those factors above are important - but, the ones I've been speaking with are similar in those requirements.

Thanks for the reply.

[jsantos26]

We can work on any of your files over $50K and also can fund high-risk deals. Send me an email at joanna@diversecapitalllc.com and we can discuss further. We have a team of veterans on our team with over 10 years experience.

[fundingsmbs]

everyone who started out has been there. it takes trial and error to build your waterfall of funders, and, you may need to add or delete some along the way based on your own personal experience with funder's. you should add a few in each bucket and I'm sure he will do that with time. every funder will say they are the best, but, you and you alone will need to test it out. Hopefully, you get some solid ISO managers that will guide you with your deal flow and expectations.

[cruisinman]

everyone who started out has been there. it takes trial and error to build your waterfall of funders, and, you may need to add or delete some along the way based on your own personal experience with funder's. you should add a few in each bucket and I'm sure he will do that with time. every funder will say they are the best, but, you and you alone will need to test it out. Hopefully, you get some solid ISO managers that will guide you with your deal flow and expectations.

Thanks for the reply and I agree.

Slow & Steady wins the race.

[VitalBrian]

As someone said earlier. you're going to get alot of individuals offering the moon and more and claiming they're the best. All i can offer is an honest breakdown of what we do. We're an ISO driven (no inside sales) direct lender focusing and b/c paper and we conduct ourselves with integrity. If working with a funder like that is something your interested in reach out all my contact info is in my signature

[alex.isak]

As someone said earlier. you're going to get alot of individuals offering the moon and more and claiming they're the best. All i can offer is an honest breakdown of what we do. We're an ISO driven (no inside sales) direct lender focusing and b/c paper and we conduct ourselves with integrity. If working with a funder like that is something your interested in reach out all my contact info is in my signature

Vital is solid, lots of deals done with them

[cruisinman]

As someone said earlier. you're going to get alot of individuals offering the moon and more and claiming they're the best. All i can offer is an honest breakdown of what we do. We're an ISO driven (no inside sales) direct lender focusing and b/c paper and we conduct ourselves with integrity. If working with a funder like that is something your interested in reach out all my contact info is in my signature

Ha - yea quite a few in my inbox.

[aviibxfunder]

If your looking to have your files priced out quick - in the 50k - 400k range send me an email at avi@ibexfundinggroup.com

We're always looking to build relationships...Let's get it done.

[patrickw]

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

[Irving]

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

ufs

[Akanner]

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

ufs

irm

[Danny laniado]

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

[mca2150]

There are no classes you can take to learn MCA. There is no "partner" that is going to hold your hand and divulge how you can start a profitable business.

Anyone can start what you're doing and you're right, MCA isn't rocket science. However, the vast majority of people who start in this industry leave because they lose money. Whether it's buying bad leads or trying to fund bad deals. If you don't have someone who has had proven success then you're really rolling the dice.

We're not trying to discourage you from trying, but the advice some of the vets are giving you is something you should pay attention to.

[cruisinman]

There are no classes you can take to learn MCA. There is no "partner" that is going to hold your hand and divulge how you can start a profitable business.

Maybe not "classes", but plenty of videos. We actually have a few Partners that are willing to guide us and advise us.

Anyone can start what you're doing and you're right, MCA isn't rocket science. However, the vast majority of people who start in this industry leave because they lose money. Whether it's buying bad leads or trying to fund bad deals. If you don't have someone who has had proven success then you're really rolling the dice.

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.

We're not trying to discourage you from trying, but the advice some of the vets are giving you is something you should pay attention to.

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 . . .

[Bcooper]

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 . . .

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.

[cruisinman]

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.

Thanks.