RECORDS SHATTERED - Thanks you Diverse!
Need a Funder or Vendor? START HERE

Page 1 of 2 12 LastLast
Results 1 to 25 of 42

Hybrid View

  1. #1

    RECORDS SHATTERED - Thanks you Diverse!

    CONGRATS TO ARIEL AND JOHNNY AT DIVERSE! From submission to contracts, log in fc all done within 17 minutes (5:12-5:29, yes optimum allows wires until 5:30)

    This is the fastest transaction we have closed since we entered the industry! Congrats again!

  2. #2
    and you'll be getting a claw back notice within 30 days and they'll be out their money - congrats!


    I'm sure the merchant completely read through their contract and wasn't acting out of desperation.

  3. #3
    nope, it was a 230k deal, 4th position, doing 1m in revenue with no side accounts so easy to uw. Approvals were available everywhere, Diverse has optimum and was able to wire between 5-5:29 so they got the deal and we closed up.. yes, if you send bad deals to them and they default you will not get paid, hate the game not the players.

  4. #4
    Senior Member Reputation points: 19568
    Join Date
    Aug 2020
    Posts
    148

    At least make the story semi-believable

  5. #5
    How long did it take to underwrite the file though? Good luck on that one lol

  6. #6
    Senior Member Reputation points: 97075
    Join Date
    Jun 2015
    Posts
    754

    So rumour has it, it was a $7k deal

  7. #7
    ive done 7 figure deals with them in under 24 hours got paid full commission on time personally never had a problem with them.

  8. #8
    Senior Member Reputation points: 17416
    Join Date
    Jul 2013
    Posts
    352

    For clarity's sake what is Optimum? The cable company? The approval?

  9. #9
    optimum bank.

  10. #10
    Member Reputation points: 10
    Join Date
    Sep 2022
    Location
    New York, NY
    Posts
    11

    First day in MCA?
    Chuck Conway

    Hendrix Funding Group
    Minneapolis, MN
    Triple Deking 1.49s

  11. #11
    Member Reputation points: 10
    Join Date
    Sep 2022
    Location
    New York, NY
    Posts
    11

    Quote Originally Posted by channin19 View Post
    For clarity's sake what is Optimum? The cable company? The approval?
    First day in MCA?
    Chuck Conway

    Hendrix Funding Group
    Minneapolis, MN
    Triple Deking 1.49s

  12. #12
    Send the full email thread so we know its real
    Lifetime Funding
    nicholas@lifetimefundingllc.com
    516-604-0609

  13. #13
    Senior Member Reputation points: 22201
    Join Date
    Dec 2021
    Posts
    638

    your funny!
    Marcus Clapman
    Capybara Capital
    marcus@capybarausa.com
    www.capybarausa.com
    646-708-5986 (Text Friendly!)

  14. #14
    Senior Member Reputation points: 20323
    Join Date
    Oct 2013
    Location
    Designer
    Posts
    592

    I'm sure there were multiple conversations and a full breakdown of the deal and particulars, before the docs were submitted.











    www.UccRadar.com

  15. #15
    Senior Member Reputation points: 35870
    Join Date
    Jun 2019
    Posts
    196

    This is such a weird thread

  16. #16
    If you want to sign up with us call or email me. Don’t listen to the jealous clowns in this thread.

    (646) 239 - 2887

    Adam@diversecapitalllc.com
    Adam Cohen
    Diverse Capital
    Direct Funders
    (646) 239 - 2887
    adam@diversecapitalllc.com

  17. #17
    Senior Member Reputation points: 118256 ridextreme's Avatar
    Join Date
    Dec 2014
    Posts
    1,119

    Quote Originally Posted by mca2150 View Post
    At least make the story semi-believable
    yeah at least say it was A paper 1st pos

    Quote Originally Posted by davedamoneyman View Post
    nope, it was a 230k deal, 4th position
    Last edited by ridextreme; 08-22-2022 at 12:12 PM.

  18. #18
    Senior Member Reputation points: 97075
    Join Date
    Jun 2015
    Posts
    754

    I don’t think anyone is jealous. More like calling out the bull****.

  19. #19
    Wells Fargo wire cutoff is 6:15PM EST FYI.

  20. #20
    Senior Member Reputation points: 125088 BR-Nightmare's Avatar
    Join Date
    Nov 2018
    Location
    South Florida
    Posts
    745

    Quote Originally Posted by BiggerPocketsCapital View Post
    Wells Fargo wire cutoff is 6:15PM EST FYI.
    Not according to Wells Fargo, just FYI

    https://www.wellsfargo.com/help/onli...business%20day.
    The Brokers Nightmare
    I don't want peace, I want problems, ALWAYS!
    Florida-Based

  21. #21
    Quote Originally Posted by BR-Nightmare View Post
    Not according to Wells Fargo, just FYI

    https://www.wellsfargo.com/help/onli...business%20day.
    I bank w/WF and send wires through 6:15PM EST every day. I also am a WF CEO account holder so that's probably why I get extended cutoff times.

  22. #22
    Adam Cohen
    Diverse Capital
    Direct Funders
    (646) 239 - 2887
    adam@diversecapitalllc.com

  23. #23
    Quote Originally Posted by BiggerPocketsCapital View Post
    I bank w/WF and send wires through 6:15PM EST every day. I also am a WF CEO account holder so that's probably why I get extended cutoff times.
    Have you ever seen a funder that uses Wells Fargo for banking? The answer is no. There are a handful of banks that MCA funders work with. So letting everyone know that Wells Fargo has a late wire cut-off is pointless.
    Adam Cohen
    Diverse Capital
    Direct Funders
    (646) 239 - 2887
    adam@diversecapitalllc.com

  24. #24
    Senior Member Reputation points: 125088 BR-Nightmare's Avatar
    Join Date
    Nov 2018
    Location
    South Florida
    Posts
    745

    You can maybe send them up to 6:15 however anytime after 5 pm transmits next business day.
    The Brokers Nightmare
    I don't want peace, I want problems, ALWAYS!
    Florida-Based

  25. #25
    Quote Originally Posted by BR-Nightmare View Post
    You can maybe send them up to 6:15 however anytime after 5 pm transmits next business day.
    Nope, incorrect.

Similar Threads

  1. Replies: 0
    Last Post: 01-11-2022, 11:24 AM
  2. Diverse Capital - anyone ever do business with them?
    By PullFee in forum Merchant Cash Advance
    Replies: 21
    Last Post: 10-21-2021, 12:26 PM
  3. Personal Records
    By abfunders in forum Merchant Cash Advance
    Replies: 2
    Last Post: 10-19-2021, 12:56 PM
  4. Replies: 0
    Last Post: 04-18-2016, 04:49 PM
  5. UCC Records Directly From State SOS
    By len@accfunding.com in forum Merchant Cash Advance
    Replies: 4
    Last Post: 11-19-2015, 02:03 PM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

Blue Owl Capital acquires Atalaya
Kansas added to disclosure service tool
FIS launches SMB digital lending


DIRECTORY