Results 1 to 9 of 9
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04-03-2022, 02:26 PM #1
- Join Date
- Mar 2022
- Posts
- 6
Does anyone have information on this Company
https://www.ftechcapital.co/
Person running it goes by the name of "Michael Richards"
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04-03-2022, 02:45 PM #2
- Join Date
- Jun 2015
- Posts
- 754
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04-03-2022, 03:47 PM #3
- Join Date
- Feb 2017
- Posts
- 3,429
Looks incredible, but take a look at the bottom line and run the numbers:
"Funding offers two categories of products (a) Merchant Cash Advance and (B) Revenue Based Funding"
The terms he's quoting on the equipment loans are $514800 over 120 months, which is a joke (and SBA doesn't do working capital loans very well), and 52 weeks for $500k total payback is $506480, that's a 1.013 fact rate.
Good ole bait and switch.
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04-03-2022, 09:03 PM #4
- Join Date
- Jul 2013
- Posts
- 352
Broker for Rok based on the app page
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04-05-2022, 11:23 AM #5
- Join Date
- Mar 2022
- Posts
- 6
Can you please explain what "Rok" means (Sorry, I'm new to all of this)
This guy ran an ad claiming to need reps to work for him, so checking this company out before doing so.
And what app page are you referring to, application page? (I'm assuming you must mean you requested an app from this site and it looks familiar too you?)
Thank you for any help.
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04-05-2022, 11:24 AM #6
- Join Date
- Mar 2022
- Posts
- 6
ty for your input
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04-05-2022, 11:25 AM #7
- Join Date
- Mar 2022
- Posts
- 6
Yes, i thought that looked odd as well, and i'm new to all of this, but thought the rate and terms he stated sounded pretty unbelievable
Thank you
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04-05-2022, 11:54 AM #8
- Join Date
- Feb 2017
- Posts
- 3,429
@RCG Rok is a super-broker with a platform for submitting deals, and they pay between 40 to 60% per deal. They do basically what all of us super-brokers do, but they have some sort of portal that they created to make it fancier and supposedly more efficient.
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04-05-2022, 03:47 PM #9
- Join Date
- Mar 2022
- Posts
- 6
ok great, now I understand, thank you
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