[freeprocessing]

Thanks!

[Zach]

Reliant

[freeprocessing]

Reliant

Thanks! I would need a better buy rate.

[samelevel]

Happy December!
We're currently taking on new ISO's and funding your A-D paper deals.
We do run credit on every deal prior to funding but do not make our decision solely off of the score.
We do not fund prior defaults or merchants with history of bankruptcy no matter the status. Buy rates starting at 1.20's. and we go out up to 15 Months.
Max upsell allowed. Commissions from 5% to as high as 15%.
Please feel free to reach to so we can get acquainted.

[freeprocessing]

Happy December!
We're currently taking on new ISO's and funding your A-D paper deals.
We do run credit on every deal prior to funding but do not make our decision solely off of the score.
We do not fund prior defaults or merchants with history of bankruptcy no matter the status. Buy rates starting at 1.20's. and we go out up to 15 Months.
Max upsell allowed. Commissions from 5% to as high as 15%.
Please feel free to reach to so we can get acquainted.

Dude, read the post and stop spamming.

Also pay for a working website.

[TheUnderwritingProdigy]

If you don't require a PG you're a moron

[Zach]

Thanks! I would need a better buy rate.

Since reliant acquired their new CEO I’ve seen a shift in terms and rates. Recently saw a 1.18 for 12. Not sure what you need to close the deal, but they do seem a bit more competitive than the Reliant of old.

[fundingsmbs]

anyone using fdic banks for their loans def has PGs and tough one's if you read through it. Finwise, Web bank, Celtic and other contracts MCA use for their loans, all have strong recourse language on defaults

what does kalamatas contract say on sections with PGs ? Must be some sort of recourse language

[Kevin Henry-Seacoast]

anyone using fdic banks for their loans def has PGs and tough one's if you read through it. Finwise, Web bank, Celtic and other contracts MCA use for their loans, all have strong recourse language on defaults

what does kalamatas contract say on sections with PGs ? Must be some sort of recourse language

Not true..... Most FDIC banks will waive a PG and use a validity guaranty instead. Some will waive PG if the collateral is far greater than the loan.

[Lily Advance]

Thanks!

Our contracts do not have a personal guarantee of performance. The "Seller" is the business, and the "owner" signs as an agent of the business and NOT a guarantor. We are a new funder, but I have been in the industry for 7 years

We primary fund higher-risk deals, but I can discuss lower factor-rate deals case by case.
Feel free to reach out!

[fundingsmbs]

Not true..... Most FDIC banks will waive a PG and use a validity guaranty instead. Some will waive PG if the collateral is far greater than the loan.

Are you talking about the contracts MCA companies use to fund "loans" through Web Bank , Finwise, Celtic and others? Have you read those PGs?

[fundingsmbs]

Our contracts do not have a personal guarantee of performance. The "Seller" is the business, and the "owner" signs as an agent of the business and NOT a guarantor. We are a new funder, but I have been in the industry for 7 years

We primary fund higher-risk deals, but I can discuss lower factor-rate deals case by case.
Feel free to reach out!

a true MCA shouldn't have a PG. Only a performance G

[Kevin Henry-Seacoast]

Are you talking about the contracts MCA companies use to fund "loans" through Web Bank , Finwise, Celtic and others? Have you read those PGs?

PGs for loans from FDIC insured banks in general...... You mentioned PGs for loans in the beginning of your statement. Most funding contracts for MCAs I have seen have a PG requirement.

[fundingsmbs]

certain funder's use banks to fund their deals to export rates across all state lines without state usury issues. within those contracts, there are pgs correct. the purchase/sale contracts, which are the MCA DNA, usually are performance pgs only. So I guess true loans, PG, MCA's, should be performance pg. Of course, for awhile there, COJs were attached to MCAs as well which was a very bold PG.

[Lily Advance]

a true MCA shouldn't have a PG. Only a performance G

Exactly. Our contracts have neither.

[TheUnderwritingProdigy]

Exactly. Our contracts have neither.

How does this make any sense? These merchants love to rip off MCA companies, then open business after business doing the same thing. Having a PG at least gives you SOME level of protection.

[fundingsmbs]

Because a PG that takes the assets of a borrower is a loan when a default occurs. An MCA, if the business suffers an adverse situation, is not held personally liable for the repayment. If you require a merchant to repay you absolutely, it may be challenged in court. *i.e. Pearl Capital Rivis Ventures V RDN Construction (re: Fixed ach payments) . I would say anyone that doesn't have a true up provision and is requiring a PG and fixed daily weekly, is a sitting duck for legal

This is why you have seen a migration of companies partnering with banks to avoid these obstacles

[FIRST US]

Since reliant acquired their new CEO I’ve seen a shift in terms and rates. Recently saw a 1.18 for 12. Not sure what you need to close the deal, but they do seem a bit more competitive than the Reliant of old.

Hey Zach, who is your contact at reliant? Thank you