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  1. #1
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    MCA Funders have a Quote

    Hey, do MCA funders that are corporate have a quote for you to work with them.

    Company does SBA and LOC and some MCA.

    Would it be an issue to sign up with tier A lenders like ondeck, rapid and forward if we dont have lots of mca volume.

  2. #2
    Senior Member Reputation points: 42992 SendDocsPlox's Avatar
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    If you don't have existing MCA volume you're not being signed up with A Paper funders in most cases

    Doing SBAs can be a liability also in some cases assuming you're not doing them up to code (i.e. ripping 20% EIDL Fees)
    Last edited by SendDocsPlox; 06-23-2022 at 02:11 PM.

  3. #3
    Senior Member Reputation points: 66298 Olderguy's Avatar
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    You can sign up with FundShop or SmartBiz to get access to term loans. (I am sure there are are others). Smartbiz accesses Funding Circle if their SBA Express UW gets denied.
    Steve Benjamin
    Professional Business Loans

    1012 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.

  4. #4
    Senior Member Reputation points: 22201
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    Capybara Capital funds A paper deals (and B-C) and you don't need to send x amount to work with us!!! ..In fact with the way the economy goes and some funders may cut back ...It would be smart to sign-up with Capybara Capital just to be up and running with us....... For ISO agreement Email marcus@capybarausa.com
    Marcus Clapman
    Capybara Capital
    marcus@capybarausa.com
    www.capybarausa.com
    646-708-5986 (Text Friendly!)

  5. #5
    Fund shop's site looks like every other MCA business, what do the do different?

    Smartbiz - has that been a good resource? We sent them a few deals during 2020 covid but they stopped responding but were highly recommended.

  6. #6
    Senior Member Reputation points: 66298 Olderguy's Avatar
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    Quote Originally Posted by Cali Working Cap BJJ View Post
    Fund shop's site looks like every other MCA business, what do the do different?

    Smartbiz - has that been a good resource? We sent them a few deals during 2020 covid but they stopped responding but were highly recommended.
    FundShop is a superbroker and Chris Kenul, their VP will work with you and also contact borrowers directly for you and with you.

    SmartBiz has always been responsive and I've contacted their Senior guy Michael Friedman when necessary.
    Last edited by Olderguy; 06-25-2022 at 10:35 PM.
    Steve Benjamin
    Professional Business Loans

    1012 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.

  7. #7
    Quote Originally Posted by Olderguy View Post
    FundShop is a superbroker and Chris Kenul, their VP will work with you and also contact borrowers directly for you and with you.

    SmartBiz has always been responsive and I've contacted their Senior guy Michael Friedman when necessary.
    Signed them up, gave them very competitive offers @ high commission, and they didn't close a single deal. Pulled the plug on them. Super brokers are a waste of time to deal with in most cases.

  8. #8
    Veteran Reputation points: 157541 J.Celifarco's Avatar
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    Quote Originally Posted by TheUnderwritingProdigy View Post
    Signed them up, gave them very competitive offers @ high commission, and they didn't close a single deal. Pulled the plug on them. Super brokers are a waste of time to deal with in most cases.
    Hey, not all of us, only the one who pretend to be direct funders are. Those of us that are honest in what we are and offer are the one who can actually bring something to a relationship with newer unexperienced ISO's
    John Celifarco
    Managing Partner
    Horizon Funding Group

    3423 Ave S
    Brooklyn, NY 11234
    T: (347) 773-3990 | F: (718) 795-1990
    Linkedin: Profile
    Email: john@horizonfundinggroup.com

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