[DennisM]

How can the process be more streamlined from a tech perspective?

[AlfaAdvanceFunding]

How can the process be more streamlined from a tech perspective?

In the MCA space it should take less than 24 hours to fund a deal. At ALFA Advance we prioritize speed of transaction. When you work with Alfa Advance you will experience a speed of process that’s next to none in the MCA business. We work faster than most MCA providers, because we know how time plays a key role in the business. Every deal is looked at within minutes of its submission and the underwriters work the deals immediately.

Submit your deals today for access to faster processing, higher commission, and lower rates!

Submission email: rasheed@alfaadvancefunding.com

[MCA-VET]

At Capybara offers are made pretty quickly and can fund same day. for ISO Agreement Email: Marcus@capybarausa.com

Capybara Overview


1) We have NO SALES TEAM!!
2) 3-12Months terms.
3)Daily & Weekly repayment options
4)A-C Paper
5)1-4th Position
6)We can payoff other funders (case by case) ​maximizing the funding amount and your commission payout.
7)Low Buy-Rates low 1.20's with ability to earn up to 15 points upsell. (you keep the entire upsell)
8) Full exclusivity on deals submitted
9) Offers as soon as 15 Minutes.
10) We Fund Used Auto & Attorneys.


To become a Capybara Capital ISO please call 646-708-5986 or email me at marcus@capybarausa.com

[FLORIDAMAN]

It is very deal dependent but id say average funding time is 4 hours. We have funded deals in under 2 hours from start to finish but the main holdup most times is lack of merchant responsiveness and the level of difficulty in retrieving closing stips if they aren't sent with the contract request.

[Ericr123]

I have funded with Delta in a matter of 45 minutes.

[BR-Nightmare]

How can the process be more streamlined from a tech perspective?

Clean files can be quick, originations with no positions and ownership issues can delay the process.

As well, it depends on response times from Brokers AND Merchants.

There are MANY scenarios that can delay the process. I've seen files done in minutes and I have seen files take days. All depends on the MANY senarios that can come into play.

[ABillionPoints]

A lot of variables in play so it varies. Average time from offer to funded for me would be around 2-3 business days. I see a lot of deals sized on the larger size for the most part so gathering stips takes a bit of time and merchant has to crunch numbers or weigh options.

I've had deals close in an hour from offer coming out to taking over 30 days. Just depends.

[Franklin]

3 to 5 business days is industry average.


There are shops that fund in an hour, those are usually C to D paper and those are usually smaller amounts (but not always) $2995 to $50,000.

Bigger deals usually require site inspections and (or appraisals), and more thorough underwriting (A to B paper) because the terms are longer/capital exposure is higher.


The merchant typically has to have great urgency, and have the time to get you everything you need (many merchants are running operations themselves).

They also have to understand and be comfortable with paying a higher rate, so they won't take a week to "ponder" the offer, or look for "better" options that they won't qualify for.


Merchants who took alternative funding previously, close much faster.









www.UccRadar.com

[Arsenal]

Same Day

Shane Johnson
Regional ISO/Broker Rep | Arsenal Funding
M: 917-743-1895

E: shane@arsenalfunding.com

A: 6365 Collins Ave Miami Beach FL 33141

arsenalfunding.com
High Risk
1-10th
C/D

[FUND3R1]

I have funded with Delta in a matter of 45 minutes.

Half An Hour. lol

[pcfunder]

Once contract is signed and all stips are in how long does it usually take for an underwriter to reach out for bank login and then for funding call?

[Michael I]

i think you all missing the point of the poster. he is asking how tech can speed up your process you already have in place

[pcfunder]

i think you all missing the point of the poster. he is asking how tech can speed up your process you already have in place

thats very true but I'm still curious how long it takes for the bank login and funding call once all stips are in

[BR-Nightmare]

In a perfect world, we could use the following.

With a detailed app containing all the important information with applicable PDF statements that are not scanned, we could use some form of system that can auto generate the bank analysis, run credit, decision logic or plaid verification, AND intergrade with Court searches and Data merch searches all in one shot. This could streamline files more accordingly. (Again, this is wishful thinking IMO unless someone can pull this off)

In regards to background I would prefer that to be manually retrieved to avoid accessing duplicate or same name information that can provide inaccuracies.

[MediaBiz]

My name is Steve, my company is BizConnect and I’ll keep this quick.

We are running scalable Lead Generation platforms for over 70 of your competitors that are performing VERY well.

I can explain the process in 10 minutes or less and have leads flowing to you and your team within a few days if you like it. We have several mortgage bankers and brokers on our platform.

It works for all financial service businesses including Merchant Cash Advance, Invoice Factoring, Equipment Financing, Hard Money Lending, Residential Mortgage and more…. Basically, for any business that needs Exclusive, Real Time Leads, Clients, Customers, Patients, etc.

If you could find some time this week or next, let’s meet and talk for a few minutes to see if it fits your business – I think you’ll love what we do….
Here is a link to my Calendar, let me know when you are available:

https://calendly.com/steve-0412/free...&month=2022-02

Thanks,
Steve


Steve Rosenblum
Senior Vice President of Sales
516.383.8407
steve@bizconnectads.com