Who funds defaults? - Page 2
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  1. #26
    Senior Member Reputation points: 73140 Olderguy's Avatar
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    Quote Originally Posted by abfunders View Post
    I think that they paid your owner, and your ex-boss screwed you.
    Nah they said they used all the money and couldn't pay me 5 months after they got the money...$2,500 fee allowed by the SBA on $150,000 loan for each.
    Steve Benjamin
    Professional Business Loans

    522 Contessa
    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    Broker, Underwriter, general business loan expert
    949.228.1050


    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 9.5% and up
    @ Equipment financing up to 7 years
    @ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Private money equity and debt for major investments
    @ Personal Loans up to gross income from personal tax return.

  2. #27
    Key Capital Group is Funding Defaults with satisfied Judgements or payment plans & over 3 months
    Please feel free to call me. I would love to chat.

    We specialize in:
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    -1ST to 10th position
    -Defaults & Declines
    -Reverses Consolidation

    Minimum Monthly Revenue For 2nd position & On:
    - $25,000
    Minimum Monthly Revenue For 1st Position:
    - $50,000 For 1st time taking an MCA Advance
    - $35,000 For a Merchant that has had an MCA Advance in the past

    Our Product:
    5k to 6.5 Million
    Term UP TO 95 DAYS
    Weekly payments available
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    Light Stips -DL, VC

    Gill Navarro
    Director Of ISO Relations
    Direct :1(862)-303-3225
    Email:Gill@keycapitalfunding.com

    iso pic.gif
    Last edited by keycap123; 02-22-2022 at 02:29 PM.

  3. #28
    Quote Originally Posted by funfunder1 View Post
    Anyone can call me and or facetime me 646-369-2436 i dont hide under a fake profile like these plastic linkedin girls...
    and if you have a deal to send kevin@hybridadvancellc.com is the best email for subs

    Good Day.


    Kevin Mayers
    Senior Funder
    Office:646-369-2436
    Email: kevin@hybridadvancellc.com
    so you didn't use a fake profile picture on Linkedin until you got called out?? and do you work with Shia and Alex and all of the others from World Global Fund? Are they honest????

  4. #29
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    Quote Originally Posted by Olderguy View Post
    I don't care about that. If a client gets funded, good enough.
    That
    s the dumbest thing I think I ever heard. Why would he go to a place that plays with commission?

  5. #30
    Senior Member Reputation points: 73140 Olderguy's Avatar
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    Quote Originally Posted by FunderFunding View Post
    That
    s the dumbest thing I think I ever heard. Why would he go to a place that plays with commission?
    Maybe because I don't make decisions on how many points I get or how much money is in it for me...just want to help clients.
    Steve Benjamin
    Professional Business Loans

    522 Contessa
    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    Broker, Underwriter, general business loan expert
    949.228.1050


    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 9.5% and up
    @ Equipment financing up to 7 years
    @ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Private money equity and debt for major investments
    @ Personal Loans up to gross income from personal tax return.

  6. #31
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    Quote Originally Posted by Olderguy View Post
    Maybe because I don't make decisions on how many points I get or how much money is in it for me...just want to help clients.
    So then do it for free? And why are you sending these clients to funders who screw the brokers?

  7. #32
    Senior Member Reputation points: 73140 Olderguy's Avatar
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    Quote Originally Posted by abfunders View Post
    So then do it for free? And why are you sending these clients to funders who screw the brokers?
    I don't do daily background checks on lenders. If a lender screws me, I'll take appropriate action if it makes sense and appropriate. And move on. Clients lie, brokers lie, lenders lie...it's the way of the world. Get over it.
    Steve Benjamin
    Professional Business Loans

    522 Contessa
    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    Broker, Underwriter, general business loan expert
    949.228.1050


    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 9.5% and up
    @ Equipment financing up to 7 years
    @ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Private money equity and debt for major investments
    @ Personal Loans up to gross income from personal tax return.

  8. #33
    Senior Member Reputation points: 45359 SendDocsPlox's Avatar
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    Just cut all the bull**** out and send to infusion this thread is people arguing about trannies on linkedin and some guy whos either pretending to be retarded (or it just comes natural to him) talking about how he got absoutely smoked on commissions lol

  9. #34
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    I try getting the info on every funder I work with but its hard because they all have 28 names. Best advise I can give to protect yourself, don't blast your sub out. Send it to two people at a time max. You'll be able to keep track of it a lot easier and you'll be know in two weeks who you can or can't trust.. Jan was a bad month. Its the second of the month. Most banks generated their statements already. If you're on here arguing about nonsense instead of closing deals, you are wasting your time.
    Go work, go close some deals and make some money so when you show off at least you got something to show for it.
    If you have any deals that you are trying to get funded and can't I will gladly work with you to find the right offer for you and spilt the commission with you.
    PM me for more details.

  10. #35
    Quote Originally Posted by Russell View Post
    so you didn't use a fake profile picture on Linkedin until you got called out?? and do you work with Shia and Alex and all of the others from World Global Fund? Are they honest????
    Hey, at least they're consistent with this behavior! And @olderguy doesn't care about getting paid or keeping his deals so I guess there is a place for them

  11. #36
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    Quote Originally Posted by Olderguy View Post
    Nah they said they used all the money and couldn't pay me 5 months after they got the money...$2,500 fee allowed by the SBA on $150,000 loan for each.
    Hold up. The funder/broker/leader that you used said that they could not pay you the commission because they used all the money??? You gotta be trolling now

  12. #37
    Senior Member Reputation points: 73140 Olderguy's Avatar
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    Quote Originally Posted by mistamca View Post
    Hold up. The funder/broker/leader that you used said that they could not pay you the commission because they used all the money??? You gotta be trolling now
    Yeah and Funding Circle doesn't steal clients going direct on renewals, blah, blah, blah....
    Steve Benjamin
    Professional Business Loans

    522 Contessa
    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    Broker, Underwriter, general business loan expert
    949.228.1050


    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 9.5% and up
    @ Equipment financing up to 7 years
    @ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Private money equity and debt for major investments
    @ Personal Loans up to gross income from personal tax return.

  13. #38
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    Every funder steals. Some are more sloppy than others. That’s why it’s always important to charge FAT PSFs

  14. #39
    Senior Member Reputation points: 125088 BR-Nightmare's Avatar
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    Quote Originally Posted by SmartAdvanced View Post
    Every funder steals. Some are more sloppy than others. That’s why it’s always important to charge FAT PSFs
    That's why as Hedley (KH) would say "Know your funder/customer/lender. Know their capital." Do your due diligence on where your sending your file to fund.

    A PSF is the most grey-ist aspect in this industry. Especially when you intend to double or triple fund them and charge the PSF on all the fundings. That's a douche move IMO that hurts your renewal odds. There are people that have a reasonable fee they charge, that's ok. Tell your Merchant upfront and be clear about it. Some brokers pull the "This ACH page was missing from your contract" bs after the file is funded. SMH
    The Brokers Nightmare
    I don't want peace, I want problems, ALWAYS!
    Florida-Based

  15. #40
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    Quote Originally Posted by abfunders View Post
    Cyril is the owner of WG Financing Inc in Florida, read up more here: https://debanked.com/2018/12/defunct...n-of-judgment/
    I knew that there was another thread about WG Financing Inc. It didn't go so well for WG.... https://dailyfunder.com/showthread.p...he-banks/page2

  16. #41
    Senior Member Reputation points: 45359 SendDocsPlox's Avatar
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    Quote Originally Posted by SmartAdvanced View Post
    Every funder steals. Some are more sloppy than others. That’s why it’s always important to charge FAT PSFs
    This guy ****s

  17. #42
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    Quote Originally Posted by Olderguy View Post
    Yeah and Funding Circle doesn't steal clients going direct on renewals, blah, blah, blah....
    Funding Circle? Since when has any normal broker actually been paid by them? They haven't been "reputable" since they cut off their brokers 4+ years ago. If I worked for you or was your cobroker, I'd be FURIOUS that you sent them there without a fee agreement up-front and then you pulled a fee, like some people do with PayPal. Why would you advertise on DF to co-broker and then tell everyone that you submitted to funders who steal? Do you think that is going to attract customers?

  18. #43
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    Quote Originally Posted by SendDocsPlox View Post
    This guy ****s
    lmaooooooo
    Drew Matthew
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  19. #44
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    Quote Originally Posted by Olderguy View Post
    They were all EIDL's $150,000 each and could only get paid after funded.
    Any broker that spent time peddling PPP and EIDL expecting to make a fortune or actually get paid by the likes of some finance companies promoting the products..... Erik Estrada has some "prime" real estate he would like to sell you.........
    Last edited by Kevin Henry-Seacoast; 02-03-2022 at 12:32 PM.
    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

  20. #45
    Senior Member Reputation points: 125088 BR-Nightmare's Avatar
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    Quote Originally Posted by Hedley Lamarr View Post
    Any broker that spent time peddling PPP and EIDL expecting to make a fortune or actually gat paid by the likes of some finance companies promoting the products..... Erik Estrada has some "prime" real estate he would like to sell you.........
    Comes with a free gas station pizza. LMAO
    The Brokers Nightmare
    I don't want peace, I want problems, ALWAYS!
    Florida-Based

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