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  1. #1

    No Fin

    Who doesnt need financials for 1m deal 1st pos

  2. #2
    Senior Member Reputation points: 76541
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    Have him fill out an app with Capybara.
    Joseph, The Brokers Nightmare
    I don't want peace, I want problems, ALWAYS!
    Florida-Based

  3. #3
    nebach capybara i saw 2 deals today both stop payments day after funding

  4. #4
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    Quote Originally Posted by FunYouMan View Post
    nebach capybara i saw 2 deals today both stop payments day after funding
    First time i saw them in a deal was today they gave a merchant that defaulted on 3 lenders 50k and that was not even the crazy part. The merchant was negative 35k right before funding ,he transferred from his personal account got funded and transferred the 35k out. I might need to get over how much of a scumbag Marcus is. Marcus do you officially fund active defaults or was it a mistake?

  5. #5
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    Quote Originally Posted by Dailyfrog View Post
    Who doesnt need financials for 1m deal 1st pos
    Tell Randy I say hi. Not a chance though withthat credit.

  6. #6
    Senior Member Reputation points: 14064
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    Please don't say i fund defaults...or i will have to give you ISO-Recruiter of the month award. When you write that you get 30 ISO's to come running our way.
    Marcus Clapman
    Capybara Capital
    marcus@capybarausa.com
    www.capybarausa.com
    646-708-5986 (Text Friendly!)

  7. #7
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    Quote Originally Posted by Dailyfrog View Post
    Who doesnt need financials for 1m deal 1st pos
    Just curious, if it was your money - would you write a $1M contract without financials?
    Dave Lambert
    FC Financial LLC
    dave@fcbankcard.com
    Phone: 1-727-233-1111
    Text/VM: 1-727-291-7890

  8. #8
    Senior Member Reputation points: 291081
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    Quote Originally Posted by RickyR3712 View Post
    First time i saw them in a deal was today they gave a merchant that defaulted on 3 lenders 50k and that was not even the crazy part. The merchant was negative 35k right before funding ,he transferred from his personal account got funded and transferred the 35k out. I might need to get over how much of a scumbag Marcus is. Marcus do you officially fund active defaults or was it a mistake?
    ,
    If it was 57k i saw the same deal , that guy has 10 different bank statements and knows the game well

  9. #9
    Senior Member Reputation points: 291081
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    Quote Originally Posted by Yankeeman07 View Post
    Just curious, if it was your money - would you write a $1M contract without financials?
    with some business financials dont mean much . Better question is who will fund it with bad financials

  10. #10
    Thanks for this interesting information!

  11. #11
    Senior Member Reputation points: 14064
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    Quote Originally Posted by Michael I View Post
    ,
    If it was 57k i saw the same deal , that guy has 10 different bank statements and knows the game well
    What keeps the good funders around is this industry is (sadly) having defaults....(Newbies slowdown and get scared rightfully so + they dont have the good performers to purify the portfolio )Those funders with 50M-500M on the street can handle a spill in aisle 17.
    Last edited by MCA-VET; 01-24-2023 at 07:34 PM.
    Marcus Clapman
    Capybara Capital
    marcus@capybarausa.com
    www.capybarausa.com
    646-708-5986 (Text Friendly!)

  12. #12
    Senior Member Reputation points: 53677
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    Quote Originally Posted by MCA-VET View Post
    What keeps the good funders around is this industry is (sadly) having defaults....(Newbies slowdown and get scared rightfully so + they dont have the good performers to purify the portfolio )Those funders with 50M-500M on the street can handle a spill in aisle 17.



    Regardless of anything else, that is kind of a boss response, I have to admit....



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