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12-23-2022, 09:04 AM #1
- Join Date
- May 2017
- Posts
- 25
Thoughts on current collections / default rate?
This guy seems pretty passionate about it...
https://www.youtube.com/watch?v=nnCnT7fzLWA
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12-23-2022, 09:10 AM #2
Take money from a loan shark. If you can't pay, Guido will come for you.
Steve Benjamin
Professional Business Loans
522 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.
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12-23-2022, 10:52 AM #3
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12-23-2022, 12:21 PM #4
God, this kid is the biggest tool.
He somehow appears in my instagram feed and it's so obvious that he came from the sewer like most ISO reps, and knows nothing important and does not even want to try and learn to be better.
He's constantly going on about pitching toxic-structured sub-25k-50k sized deals to low revenue and high risk merchants...
He's obviously slow, in the way he speaks. Now this video confirms how slow. His social media is aimed at trying to "teach" new people about MCA sales which is really a toxic thing to do altogether (advertising the industry to more and more new inexperienced, uneducated people to mass-force-sell sub prime deals.) So here he creates a video rant directed at merchants who default... that's good, I hope they see all his other content lol.
Important life lesson @ 1:40 - "someone once told me, there's no shortcuts in life. just pay your cash advance." He doesn't even understand the structure of the contract he's selling or what a default truly is.
Then he goes on to inform merchants subliminally how to default by "switching bank accts and LLCs" in this video.
And somehow includes himself in "we" as if he's a funder.
Love it, honestly. This type of **** is my biggest pet peeve and the worst side of the industry.
I'm triggered.Anthony Diamond
Underwriter
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12-23-2022, 01:18 PM #5
- Join Date
- May 2017
- Posts
- 25
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12-28-2022, 12:39 PM #6
- Join Date
- Dec 2019
- Posts
- 158
Thank you,
Joseph Vaknen
Business Development
SuperFastCap
Direct: (646) 546-3866 (Text or Call)
E-mail: Joe@superfastcap.com
www.superfastcap.com
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12-28-2022, 12:49 PM #7The Brokers Nightmare
I don't want peace, I want problems, ALWAYS!
Florida-Based
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12-28-2022, 12:50 PM #8
- Join Date
- Jul 2015
- Posts
- 215
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12-28-2022, 12:51 PM #9
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12-28-2022, 01:36 PM #10
- Join Date
- Dec 2015
- Posts
- 610
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12-28-2022, 01:41 PM #11
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12-23-2022, 03:30 PM #12
- Join Date
- May 2022
- Posts
- 87
There's a reason Funderhunt no longer submits to A, B, or even C funders. They all caught on to his antics and want nothing to do with them.
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12-23-2022, 06:21 PM #13
- Join Date
- Oct 2021
- Posts
- 223
Seems like he about to cry throughout the entire video yet pulls some shady **** when it comes to deals and dealing with funders and merchants. Amazing how bad his rep is.
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12-27-2022, 10:03 AM #14
- Join Date
- Jun 2022
- Posts
- 20
This guy is smoking something special
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12-27-2022, 12:43 PM #15
Not sure who this is, but I feel sorry for him. Clawback can be a *****, especially when bigger deals default
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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12-28-2022, 12:33 PM #16
Anything this young man says is to be taken with a grain of salt.
Remember this is the same kid Sean took the time to potentially do a reality piece on, he made that disappear quick when he was met with backlash and saw his true colors.
The kid tried something to get noticed, it worked. However, his true colors are exposed by the amount of actual funders that cut him off or wont touch him with a 10 ft pole.
I know I am not alone when I say if I were to meet the kid, he's in for a rude verbal awakening.Last edited by BR-Nightmare; 12-28-2022 at 12:41 PM.
The Brokers Nightmare
I don't want peace, I want problems, ALWAYS!
Florida-Based
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12-29-2022, 09:14 AM #17
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12-30-2022, 11:58 AM #18
Yes, I attempted to make a video series where I tried to teach someone who had a lot of ambition and passion for the camera on how to do things the right way; things you can do, can't do, things you can say, can't say, what he needed to fix, etc, and produced in such a way that a lot of other young people that may be making mistakes or didn't get proper training would find helpful and entertaining so that they'd actually watch it (getting people to care is the hardest part). However, this indeed received backlash.
Unfortunately, some people find it more gratifying to point out people's mistakes than to make the efforts to change their ways. Or maybe it's believed that they can't change. I don't know. Apparently it was in bad taste for me to take on a challenge and try to reach many people that would benefit from it. He was willing to listen to my advice even if he didn't like it and there were funders that told me they valued his business.
Some people said that I was trying to "cash in." I stood to make zero dollars from it. Anyways...Last edited by admin; 12-30-2022 at 12:08 PM.
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12-30-2022, 12:39 PM #19
Sean,
I meant no offense or intended to call your actions out as a cash grab of any kind.
Although now we understand your intentions on why you attempted this, I honestly believe your decision to not proceed was the right one.
I for one do enjoy your companies stories, news, and editorials.
I don't find it gratifying to point out these types of mistakes we find people doing. I find it disappointing that these "mistakes" happen ALOT is our industry that gets plagued with bad press of these bad apples.
As if there aren't enough eyes looking down on us to find anything to make inaccurate reports or editorials about the industry.
I can say in the year the Bloomberg piece came out, you were guns blazing pointing out all the false and inaccurate information they reported. We thank you for that.
I've dealt with the young man, there's the good, the bad, and the ugly. That's all I will say on that front.
Anyways, Happy New Year kind sir! Best wishes to everyone here.The Brokers Nightmare
I don't want peace, I want problems, ALWAYS!
Florida-Based
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12-28-2022, 12:47 PM #20
- Join Date
- Jun 2019
- Posts
- 196
DAVRON. The legend himself returns
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12-28-2022, 01:00 PM #21
- Join Date
- Jun 2015
- Posts
- 3,325
best was when he posted on LinkedIn that he stacks all his merchants
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12-28-2022, 02:48 PM #22
- Join Date
- Dec 2021
- Posts
- 637
Gino may be in Miami collecting and can come give a hand ...........just remind him a few times that guys in the ring our NOT merchants. (and all will run smooth).
Marcus Clapman
Capybara Capital
marcus@capybarausa.com
www.capybarausa.com
646-708-5986 (Text Friendly!)
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12-28-2022, 03:08 PM #23
- Join Date
- Feb 2017
- Posts
- 3,433
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12-28-2022, 03:13 PM #24
- Join Date
- Dec 2021
- Posts
- 637
Matt Washington and Paul Boxer can handle security --- NO one getting past them. (maybe a merchant).
Marcus Clapman
Capybara Capital
marcus@capybarausa.com
www.capybarausa.com
646-708-5986 (Text Friendly!)
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12-28-2022, 04:00 PM #25
- Join Date
- Feb 2017
- Posts
- 3,433
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