Results 1 to 25 of 56
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05-09-2022, 10:32 AM #1
- Join Date
- May 2022
- Posts
- 62
Wondering about my lenders
As of now we have 15 lenders and I was curious if anyone had any good/ bad things to say about them and if bad who I should have instead of them?
Here they are:
Hunter Caroline
Amerifi
Daka Cap
Ein Cap
Spartan/Scrappy Cap
Fenix
Fundingmetrics (lendini/quickfixcap)
Fundkite
Lending Vally
Liquidibee
Rapid Finance
OnePercent
Velocity Capital Group
any and all feedback is appreciated
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05-09-2022, 10:37 AM #2
You should add ALFA Advance to this list. We provide aggressive approvals to B-C paper files over $50k. Our commission is also pretty good with the average deal getting 13 pts.
Email me for more info
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05-09-2022, 10:43 AM #3
- Join Date
- Aug 2021
- Posts
- 163
Fundingmetrics (lendini/quickfixcap)
Rapid Finance
Fenix
reputable lenders
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05-09-2022, 10:46 AM #4
- Join Date
- Dec 2018
- Location
- 48 Wall St. New York, NY 10005
- Posts
- 271
VitalCap Fund would be a good add to that list for your B&C paper 2nd - 4th position files.
Reach out and we can set up a call to discuss our updated 2022 guidelines.
Same day funding
Minimal stips
daily and weekly
early pay discounts
Syndication opportunitiesJeff Pecori
Business Development & ISO Relations
VitalCap Fund | 48 Wall St. | New York, NY 10005
P. 850.630.7509 Ext.101 | F. 646.219.7949
jeff@vitalcapfund.com
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05-09-2022, 11:04 AM #5
- Join Date
- Dec 2021
- Posts
- 637
Capybara Capital would be a great fit when you need longer terms with lower factor rates to play with and higher $ amounts (as we are from the few that fund 7Digit Deals). Plus we are very flexible with adjustment to offers to help you win the deal. Sign-Up today by emailing: marcus@capybarausa.com
Marcus Clapman
Capybara Capital
marcus@capybarausa.com
www.capybarausa.com
646-708-5986 (Text Friendly!)
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05-09-2022, 11:07 AM #6
- Join Date
- Jun 2017
- Posts
- 2,049
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05-09-2022, 11:43 AM #7
- Join Date
- Apr 2022
- Posts
- 28
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05-09-2022, 11:46 AM #8
- Join Date
- Jun 2017
- Posts
- 2,049
Liquidibee is his highest risk funder....
And even they pass on LOTS of stuff that gets funded elsewhere
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05-09-2022, 11:54 AM #9
- Join Date
- May 2022
- Posts
- 62
At the risk of being roasted, that's why I joined recently , I've been observing this site for a while , and had to join so i could ask my own questions. I have no metric for who is and is not good , a small idea of who is low risk , and Im here to see if who i have already is good and to get insight on who I'm missing. I have witnessed that most people on here like to have P***ing contests and seldom give help , especially considering when helping john could make him a more difficult competitor to themselves (which is understandable ). Ideally Id like help with understanding the must haves , the always avoids , and the good mid tier for lenders , as well as how yall actually send deals , Do you hail marry and submit to all eligible lenders , or one by one ? Again I understand I'm putting myself into the oven.
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05-09-2022, 11:56 AM #10
- Join Date
- Feb 2020
- Location
- Anaheim, CA
- Posts
- 85
LoanMe can provide a monthly term loan option for your book of business in 29 states + Washington D.C.
I'll spare the forum another pitch and simply invite you to E-mail us at business.loans@loanme.com for additional info and to sign up.
All the best to you.Joel S Galasso
Senior National Accounts Manager
Small Business Loans
Main: 949-535-7798 | business.loans@loanme.com
1900 S. State College Blvd. Suite 300 Anaheim, CA 92806
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05-09-2022, 12:48 PM #11
- Join Date
- Apr 2022
- Posts
- 28
dont disagree with what ur saying at all. but there are alot of good funders (A-C) who are not on that list. IMO there should be a few more on that list for starters.
like Credibly, Mulligan, CFG, Mantis, Newco, EBF, ondeck, Kapitus, delta bridge, bitty.
not saying that these have to be your go to. but I think it is always good to have a large arsenal of funders and then work from there to see who works best for you. and then you can always add in some of the smaller boutique funders as well (where you get better service and creative on deals)
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05-09-2022, 01:34 PM #12
- Join Date
- May 2022
- Posts
- 62
How do you go about sending deals , would you send to all at once ( thats what we do , helps to have mutiple offers for merchant to pick , its not do you want this deal yes or no , its what deal do you want) or do you send one at a time down a prioritized list ?
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05-09-2022, 01:44 PM #13
- Join Date
- Apr 2022
- Posts
- 28
first, you have to look in the deal and see who is in there and who the file might work for.
once I do that, I send to 3-4 funders, if they dont bite or give the offer im looking for, I move down teh list.
sometimes you can work offers into better ones. othertimes if I have history on the deal, I call us funders im close with and discuss what I need
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05-09-2022, 01:48 PM #14
- Join Date
- Apr 2022
- Location
- New York
- Posts
- 78
Missing Reliable Funding Source on your list doing clean and higher risk files
A-D paper
1-10 positions
20-240 day term offering weekly payments
Funding previous defaults with ZBL
Email me for the rest of the guidelines
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05-09-2022, 01:59 PM #15
- Join Date
- May 2022
- Posts
- 62
That was the original plan but sadly our complex configuration of salesforce to ensure a speedy merchant to lender matching system is taking a while and so we are sending out to all lenders , with the exception of amerifi who wont do 1st pos. Another annoying bit about our current process is that our lead sources have been flooding us with trucking lately and a lot of our lenders have very strict or specific guidelines for them.
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05-09-2022, 02:35 PM #16
- Join Date
- Aug 2021
- Posts
- 120
I can get you good offers on trucking files, we don't have a minimum on how many trucks the merchant needs either.. Minimum revenue $15K // max funding $750K up to 12 months.
Email or call me I can go over our guidelines with you.
Andrew@efinancialtree.com or 815 260 0284Andrew@efinancialtree.com
eFinancial Tree
C: 815 260 0284 (Call or Text)
Submissions@efinancialtree.com
https://www.efinancialtree.com/
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05-09-2022, 02:35 PM #17
- Join Date
- Dec 2021
- Posts
- 154
Capitalize constantly funds trucking deals. We only have a minimum revenue req of 10k and fund 5k and up.
We do prefer 2nd position and up but will give offers on 1st position as well.
We would also give offers on a deals that most of the funders on your list would decline.
Please reach out to charles@capitalizegroup.com to start submitting deals.
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05-09-2022, 03:29 PM #18
- Join Date
- Oct 2020
- Posts
- 92
[QUOTE=TheMattTasticVoyage;165631]At the risk of being roasted, that's why I joined recently , I've been observing this site for a while , and had to join so i could ask my own questions. I have no metric for who is and is not good , a small idea of who is low risk , and Im here to see if who i have already is good and to get insight on who I'm missing. I have witnessed that most people on here like to have P***ing contests and seldom give help , especially considering when helping john could make him a more difficult competitor to themselves (which is understandable ). Ideally Id like help with understanding the must haves , the always avoids , and the good mid tier for lenders , as well as how yall actually send deals , Do you hail marry and submit to all eligible lenders , or one by one ? Again I understand I'm putting myself into the oven.[/QUO
Im gonna ignore the risk of opening the floodgates to unwanted competition, UFS is a must have 2nd-5th funder. Honest , incredibly fast and just good people. Rare breed in this field . I work with irving@ufsfunding.com. I promise you wont regret and is a must add. everest as well is absolutely a must.
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05-09-2022, 03:33 PM #19
- Join Date
- May 2022
- Posts
- 62
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05-10-2022, 10:53 AM #20
- Join Date
- Jun 2017
- Posts
- 2,049
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05-10-2022, 11:13 AM #21
- Join Date
- Mar 2021
- Posts
- 186
The Fundworks is a better version of EBF IMO.. pickier..But will almost always come in stronger on dollar amount.
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05-10-2022, 12:05 PM #22
updated Banner.gif
Hello,
If you need a home for high risk deals, or submissions that you are getting declines for we can assist.
Key Capital Group is Funding 1st to 12th position, no restricted industries & entertain default submissions. We do what we can to approve as many deals as possible, within reason of course. We also pay full commissions on renewals.
Please feel free to reach out. My contact info is below. Thank You
We Specialize In:
- Large deals
- High risk
- B to D Paper
- 1st to 12th position
- Default deals are entertained on a deal-by-deal basis
(Satisfied judgments, payment plan, time of default & more)
- Other Company Declines (Deals that are hard to get offers on)
- Reverse Consolidation
(Daily ending balances must be at least 5k to 10k. The term left on the advance needs to end within 40 days or less. 0 bounced
payments paying minimum of 50k monthly in MCAs)
- Exceptionally competitive with dollar amount for high revenue merchants
Our Product:
10k to 3MM
(For increase of funds, a deal-by-deal basis)
-Terms up to 95 days
(Flexible with large funding amounts)
-Weekly payments available (Deal by deal basis)
-Early payoff discount (Deal by deal basis)
-Instant DocuSign contracts
-All submissions are priced at 1.49 with brokers discretion to down sell
Minimum monthly revenue - $50,000
-Minimum monthly deposit count - 5
-Average daily balances - $1,500.00
-Time in business - 6 Months (12 months preferred)
-All credit scores accepted
-No credit checks (We focus on healthy ledgers and payments history)
-Restricted industries minimum monthly revenue - $100,000
-Canada - Yes, but must be a US bank account
-Tax Liens - Must be on payment plan
-Ownership 100% (All parties must sign)
-We can only fund traditional bank accounts.
(Not accepted banks E.g. PayPal, BlueVine, Square, Kabbage, etc.)
Gill Navarro
Director of ISO Relations
Direct: 1(862)-303-3225
Email: Gill@keycapitalfunding.com
Website: https://keycapitalfunding.com/iso/
updated Banner.gif
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05-10-2022, 05:42 PM #23
- Join Date
- Feb 2018
- Posts
- 1,349
the established brands are much more picky with who they let enroll these days. they don't need to enroll that many at this stage of their cycle because they have all the large shops and will vet heavily for any newer entrants.
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05-11-2022, 11:39 AM #24
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05-11-2022, 11:40 AM #25
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