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  1. #1

    Does anyone have information on this Company

    https://www.ftechcapital.co/

    Person running it goes by the name of "Michael Richards"

  2. #2
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    Quote Originally Posted by RCG View Post
    https://www.ftechcapital.co/

    Person running it goes by the name of "Michael Richards"
    Whoever this is, it looks pretty incredible (definitely serves the purpose..)

  3. #3
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    Quote Originally Posted by SmartAdvanced View Post
    Whoever this is, it looks pretty incredible (definitely serves the purpose..)
    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.

  4. #4
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    Broker for Rok based on the app page

  5. #5
    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.

  6. #6
    ty for your input

  7. #7
    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

  8. #8
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    @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.

  9. #9
    ok great, now I understand, thank you

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