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  1. #1

    Lenders Similar to Forward Finance

    Who would you guys recommend are similar to Forward Finance?

  2. #2
    Senior Member Reputation points: 99
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    We compete with Forward often - reach out for our UW Guidelines.

    6-12 Month Terms
    1st to 3rd Pos
    Funding up to $750K
    Daily & Weekly

  3. #3
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    Would you say its ethically correct for a funding company to hold off on sending a payoff letter that a merchant requested, so that they can internally underwrite the deal and try to get them an offer before losing them to someone else?

  4. #4
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    Quote Originally Posted by FunYouMan View Post
    Would you say its ethically correct for a funding company to hold off on sending a payoff letter that a merchant requested, so that they can internally underwrite the deal and try to get them an offer before losing them to someone else?
    Most lender/factors have a first right of refusal condition in their documents. Most lender/factors will always adjust pricing and/or terms to try and keep a client. Not sure about MCA funders. In the lending/factoring world it is standard practice.
    Hedley Lamarr......That's Hedley

  5. #5
    newco i believe

  6. #6
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    EBF & Fundworks would be in that box.....Capybara Capital you'll have to try for yourself to know !
    Marcus Clapman
    Capybara Capital
    marcus@capybarausa.com
    www.capybarausa.com
    646-708-5986 (Text Friendly!)

  7. #7
    Herman Ospina
    ISO Rep:
    (O): 347 899 4677 Ext 1111
    herman@advantagecapitalfunding.com

    Advantage Merchant Funding
    104 E. 25th St.10th FL.
    NY, NY 10010
    advantagemerchantfunding.com/

    Offers up to $2mm
    Merchants 1+ years in business
    Businesses with minimum 20k average
    monthly revenue (30k for trucking)
    A - C Paper Type
    Fund all positions, as long as there is room
    Terms ranging from 3-10 months
    With buy rates ranging from 1.27 - 1.37
    Credit scores over 500 (Min 525
    for trucking & 625 for construction

  8. #8
    Senior Member Reputation points: 9802
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    Quote Originally Posted by bizfinanceUSA View Post
    Who would you guys recommend are similar to Forward Finance?
    My company tmrnow is competitive with any funder if we like the file and fits in our box on the first deal. Our renewals on first position deals beat anyone other funder out there. We do not refinance the merchants balance to charge the merchant double and shortens the original term. We work like a credit line in a way were we will just add on the money to the back of the open balance which extends the term out longer and they payment stays the same and when the old is finished then the new balances starts getting paid into.

  9. #9
    Veteran Reputation points: 157541 J.Celifarco's Avatar
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    Quote Originally Posted by MCA-VET View Post
    EBF & Fundworks would be in that box.....Capybara Capital you'll have to try for yourself to know !
    he hit the mark with these two. I would also add Simply to the mix for this level funder
    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

  10. #10
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    Quote Originally Posted by closer129 View Post
    My company tmrnow is competitive with any funder if we like the file and fits in our box on the first deal. Our renewals on first position deals beat anyone other funder out there. We do not refinance the merchants balance to charge the merchant double and shortens the original term. We work like a credit line in a way were we will just add on the money to the back of the open balance which extends the term out longer and they payment stays the same and when the old is finished then the new balances starts getting paid into.
    Scott, give it a break, your box is not in the same high risk sphere as EBF or FF. You guys are extremely conservative.

  11. #11
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    Quote Originally Posted by FCF Fund View Post
    Scott, give it a break, your box is not in the same high risk sphere as EBF or FF. You guys are extremely conservative.
    You are right it is not the same. We are not conservative we are smart and use and protect our own money. We will not take over 25% of the merchants gross if they have strong daily balances and less than that if they do not keep strong daily balances. Most business have a 15-25% profit margin after all expenses so how can they afford to pay out over 25% of the gross. So we rather decline a file than give a 3 month term at 1.499 and 10% in fees.

    Even with our guide lines we are funding millions a month and have brokers renewing there merchants 5-15 times over the last few years. This is because we look at what the merchant can afford and we have a very low default rate.

  12. #12
    Quote Originally Posted by bizfinanceUSA View Post
    Who would you guys recommend are similar to Forward Finance?
    Nobody will win every deal but from my ISO's feedback, Lifetime tends to beat or match on both dollar amount and term with the funders mentioned with a maximum term of 11 months and generous early payoff discounts to further incentivize your merchants on taking the additional funding
    Lifetime Funding
    nicholas@lifetimefundingllc.com
    516-604-0609

  13. #13
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    Right here. Info in signature.
    Thank you,

    Joseph Vaknen
    Business Development
    SuperFastCap


    Direct: (646) 546-3866 (Text or Call)
    E-mail: Joe@superfastcap.com
    www.superfastcap.com

  14. #14
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    Quote Originally Posted by SuperFastJoe View Post
    Right here. Info in signature.
    Joe - your slow to posting lately but perhaps its because your busy funding FAST! also whose SuperFast --- selling equity ?
    Marcus Clapman
    Capybara Capital
    marcus@capybarausa.com
    www.capybarausa.com
    646-708-5986 (Text Friendly!)

  15. #15
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    CFG Merchant Solutions competes heavily with Forward - feel free to reach out, ill appoint you an iso rep.
    Thank you,

    Lior Monus
    Business Development Manager
    CFG Merchant Solutions


    Direct: (646) 880-6764
    Cell: (516) 319-5826
    Fax: (646) 278-7322
    Lmonus@cfgms.com
    180 Maiden Lane New York, NY 10038

    www.cfgmerchantsolutions.com

  16. #16
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    We always compete with Forward. Feel free to reach out to discuss our guidelines.
    Jeff 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

  17. #17
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    Quote Originally Posted by J.Celifarco View Post
    he hit the mark with these two. I would also add Simply to the mix for this level funder
    Thank you John!

    We absolutely do compete with Forward and EBF, 1.26 buy rates and up to 12 months.

    Simon Wein
    CEO- Radiance Funding
    P:516.509.9788
    W: Radiancefunding.com
    E:Simon@radiancefunding.com

  18. #18
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    There is Compete and there is Compete!! I'd rather have 2% of the EBF/Fundworks/Forward then 80%% ownership of most that brag they compete with these behemoth's.
    Marcus Clapman
    Capybara Capital
    marcus@capybarausa.com
    www.capybarausa.com
    646-708-5986 (Text Friendly!)

  19. #19
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    Want in? Sorry, i'm busy working and can't spend much time on here. Got ISO's and merchants to service.
    Thank you,

    Joseph Vaknen
    Business Development
    SuperFastCap


    Direct: (646) 546-3866 (Text or Call)
    E-mail: Joe@superfastcap.com
    www.superfastcap.com

  20. #20
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    Quote Originally Posted by SuperFastJoe View Post
    Want in? Sorry, i'm busy working and can't spend much time on here. Got ISO's and merchants to service.
    No one works more ISO's then me and always find time for DailyFunder.... I find myself actually checking Dfunder (much) more when I'm knee deep in the final hours of funding back-to-back-WHALES! -- the DFunder to me is what Gatorade is to an athlete!
    Last edited by MCA-VET; 10-26-2022 at 12:19 PM.
    Marcus Clapman
    Capybara Capital
    marcus@capybarausa.com
    www.capybarausa.com
    646-708-5986 (Text Friendly!)

  21. #21
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    Quote Originally Posted by MCA-VET View Post
    No one works more ISO's then me and always find time for DailyFunder.... I find myself actually checking Dfunder (much) more when I'm knee deep in the final hours of funding back-to-back-WHALES! -- the DFunder to me is what Gatorade is to an athlete!
    You're good
    Thank you,

    Joseph Vaknen
    Business Development
    SuperFastCap


    Direct: (646) 546-3866 (Text or Call)
    E-mail: Joe@superfastcap.com
    www.superfastcap.com

  22. #22
    Hi My name is Herman. I’m with Advantage Capital Funding. We are a Direct Lender. I’d love to help you find a home for your deals and do business together. Click on the link for a copy of our funding guidelines. Please let me know what I can do for us to work together.

    We CAN fund

    Offers up to $2mm
    Merchants 1+ years in business
    Businesses with minimum 20k average
    monthly revenue (30k for trucking)
    A - C Paper Type
    Fund all positions, as long as there is room
    Terms ranging from 3-10 months
    With buy rates ranging from 1.27 - 1.37
    Credit scores over 500 (Min 525
    for trucking & 625 for construction
    Regards,

    Herman Ospina
    ISO Rep:
    (O): 3478994677 Ext 1111
    herman@advantagecapitalfunding.com

    Advantage Merchant Funding
    104 E. 25th St.10th FL.
    NY, NY 10010


    advantagemerchantfunding.com/ Facebook icon LinkedIn icon Instagram icon

    The content of this email is confidential and intended for the recipient specified in the message only. It is strictly forbidden to share any part of this message with any third party, without the written consent of the sender. If you received this message by mistake, please reply to this message and follow with its deletion, so that we can ensure such a mistake does not occur in the future.

  23. #23
    Senior Member Reputation points: 119752 BR-Nightmare's Avatar
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    Quote Originally Posted by hermosp View Post
    Hi My name is Herman. I’m with Advantage Capital Funding. We are a Direct Lender. I’d love to help you find a home for your deals and do business together. Click on the link for a copy of our funding guidelines. Please let me know what I can do for us to work together.

    We CAN fund

    Offers up to $2mm
    Merchants 1+ years in business
    Businesses with minimum 20k average
    monthly revenue (30k for trucking)
    A - C Paper Type
    Fund all positions, as long as there is room
    Terms ranging from 3-10 months
    With buy rates ranging from 1.27 - 1.37
    Credit scores over 500 (Min 525
    for trucking & 625 for construction
    Regards,

    Herman Ospina
    ISO Rep:
    (O): 3478994677 Ext 1111
    herman@advantagecapitalfunding.com

    Advantage Merchant Funding
    104 E. 25th St.10th FL.
    NY, NY 10010


    advantagemerchantfunding.com/ Facebook icon LinkedIn icon Instagram icon

    The content of this email is confidential and intended for the recipient specified in the message only. It is strictly forbidden to share any part of this message with any third party, without the written consent of the sender. If you received this message by mistake, please reply to this message and follow with its deletion, so that we can ensure such a mistake does not occur in the future.
    Must be new to cut and paste....
    The Brokers Nightmare
    I don't want peace, I want problems, ALWAYS!
    Florida-Based

  24. #24
    Quote Originally Posted by hermosp View Post
    Hi My name is Herman. I’m with Advantage Capital Funding. We are a Direct Lender. I’d love to help you find a home for your deals and do business together. Click on the link for a copy of our funding guidelines. Please let me know what I can do for us to work together.

    We CAN fund

    Offers up to $2mm
    Merchants 1+ years in business
    Businesses with minimum 20k average
    monthly revenue (30k for trucking)
    A - C Paper Type
    Fund all positions, as long as there is room
    Terms ranging from 3-10 months
    With buy rates ranging from 1.27 - 1.37
    Credit scores over 500 (Min 525
    for trucking & 625 for construction
    Regards,

    Herman Ospina
    ISO Rep:
    (O): 3478994677 Ext 1111
    herman@advantagecapitalfunding.com

    Advantage Merchant Funding
    104 E. 25th St.10th FL.
    NY, NY 10010


    advantagemerchantfunding.com/ Facebook icon LinkedIn icon Instagram icon

    The content of this email is confidential and intended for the recipient specified in the message only. It is strictly forbidden to share any part of this message with any third party, without the written consent of the sender. If you received this message by mistake, please reply to this message and follow with its deletion, so that we can ensure such a mistake does not occur in the future.
    Backdoor Kings, everything to Westwood

  25. #25

    I suggest Supreme

    Supreme Funding shares the same high-risk box as FF. We also pay up to 15 points for B+ deals. Give us a try
    We specialize in funding:
    Deals w prior Defaults
    "Over Leveraged" deals
    All Positions (as long as there is space)
    Low FICO scores
    and all other "difficult" deals

    To submit a file or to request an ISO Agreement, kindly email underwriting@supremefunding.net.
    I look forward to hearing from you.

    Rasheed Miller
    (917) 933-3095 (text or call)
    https://supremefunding.net/

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