Results 1 to 25 of 58
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08-03-2021, 04:15 PM #1
- Join Date
- Jul 2021
- Location
- United States
- Posts
- 145
Seasoned MCA veterans - what Funders do you recommend?
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 world has always gone forward when people have dared to have crazy ideas . . . "
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08-03-2021, 04:25 PM #2
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,493
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.......
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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08-03-2021, 04:35 PM #3
- Join Date
- Jun 2015
- Posts
- 3,325
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?
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08-04-2021, 10:09 AM #4
- Join Date
- Jun 2021
- Posts
- 6
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.
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08-04-2021, 10:18 AM #5
- Join Date
- Jun 2021
- Location
- miami
- Posts
- 436
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08-04-2021, 10:25 AM #6
- Join Date
- Dec 2016
- Posts
- 379
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.
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08-04-2021, 10:31 AM #7
- Join Date
- Jun 2021
- Location
- miami
- Posts
- 436
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08-04-2021, 10:37 AM #8
- Join Date
- Feb 2018
- Posts
- 1,349
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.
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08-04-2021, 11:47 AM #9
- Join Date
- Jun 2021
- Location
- New York
- Posts
- 31
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
Brian O'Neill • ISO Relations Manager
VitalCap Fund | 48 Wall St., 10th floor | New York, NY 10005
P. 845-665-1845 | F. 646.219.7949 | Briano@vitalcapfund.com
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08-04-2021, 01:07 PM #10
- Join Date
- Mar 2019
- Location
- NEW YORK
- Posts
- 30
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08-04-2021, 01:19 PM #11
- Join Date
- Dec 2018
- Posts
- 17
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.Avi Herskovitz
Director ISO Relations
IBEX Funding Group
Direct: (347) 618-2224
Cell: (347) 349-3199
avi@ibexfundinggroup.com
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08-04-2021, 01:28 PM #12
- 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, 01:30 PM #13
- Join Date
- Jul 2021
- Location
- United States
- Posts
- 145
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08-04-2021, 01:36 PM #14
- Join Date
- Jul 2021
- Location
- United States
- Posts
- 145
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." The world has always gone forward when people have dared to have crazy ideas . . . "
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08-04-2021, 01:38 PM #15
- Join Date
- Jul 2021
- Location
- United States
- Posts
- 145
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08-04-2021, 01:38 PM #16
- Join Date
- Dec 2016
- Posts
- 379
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08-04-2021, 01:39 PM #17
- Join Date
- Jul 2021
- Location
- United States
- Posts
- 145
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08-04-2021, 02:02 PM #18
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
QueenPatrick Wilson
Managing Partner
www.PremierCapitalNetwork.com
(NO MORE LENDER/FUNDER CALL PLZ)
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08-04-2021, 03:00 PM #19
- Join Date
- Aug 2020
- Posts
- 146
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.
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08-04-2021, 03:54 PM #20
- Join Date
- Feb 2017
- Posts
- 3,450
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.
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08-04-2021, 04:18 PM #21
- Join Date
- Sep 2016
- Posts
- 169
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08-04-2021, 04:35 PM #22
- Join Date
- Aug 2020
- Posts
- 105
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.orgDrew Matthew
Chief Executive Officer
Infusion Capital Group
40 wall St
28th floor #2765
New York, NY 10005
Company: 1 (718) 852-2233
Direct: 1 (917)525-9946
Email: drew@Infusioncapital.org
www.Infusioncapital.org
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08-04-2021, 04:37 PM #23
- Join Date
- Jun 2021
- Location
- miami
- Posts
- 436
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08-04-2021, 05:09 PM #24
- Join Date
- Aug 2020
- Posts
- 105
Drew Matthew
Chief Executive Officer
Infusion Capital Group
40 wall St
28th floor #2765
New York, NY 10005
Company: 1 (718) 852-2233
Direct: 1 (917)525-9946
Email: drew@Infusioncapital.org
www.Infusioncapital.org
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08-04-2021, 05:36 PM #25
- Join Date
- Mar 2016
- Posts
- 186
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