[Friendly funder]

Allied capital services

They had a table at the Miami Broker Fair

They proccess the ERC and pay a 50-50 split on 20% fee

I am considering getting my clients the ERC with them

Any one ever work with them and have any feedback on them?

[Olderguy]

20% is excessive. IMHO - too many of these places rip people off.

I have a guy that charges 15% when funded or 10% when paid at submission.

There are no fees required until we have your packet ready to be sent to the IRS which takes a week to three after receiving all of your documents. Again, The fee is 10% if you pay at time of approval or 15% if we all wait until the IRS sends the check.

Items needed include:

Average number of 30 hour plus a week employees in 2020 & 2021.
Dates you received PPP and how long it took to be discharged
Information on EIDL and any other stimulus money you many have received
Payroll for the last 3 quarters of 2020 and first 3 quarters of 2021
941s for the last 3 quarters of 2020 and the first 3 of 2021.
FYI: Different ways businesses can qualify which we will go through when we do the survey.
Revenue reduction - 50% drop in 2020 and/or 20% in 2021 quarterlys compared to the same quarter in 2019. As per our conversation you do not qualify based on revenue reduction.
Supply Chain Issues - Businesses qualify even if revenue increased. Based on our conversation you'll qualify for all 6 available quarters.
Full or Partial Government mandated shut downs - if you were mandated to shutdown in any of the 6 eligible quarters.
Reduction in hours, Reduction in capacity, Inability to access equipment, Travel Restrictions, Reduction in services offered, are other ways to qualify.
New businesses that opened after 2/15/2020
Businesses that were sold but still own the EIN can qualify.

Larry Goldstein
​602-989-4200