Need a Funder or Vendor? START HERE

Results 1 to 11 of 11
  1. #1

    No Fin

    Who doesnt need financials for 1m deal 1st pos

  2. #2
    Senior Member Reputation points: 119752 BR-Nightmare's Avatar
    Join Date
    Nov 2018
    Location
    South Florida
    Posts
    724

    Have him fill out an app with Capybara.
    The Brokers Nightmare
    I don't want peace, I want problems, ALWAYS!
    Florida-Based

  3. #3
    Senior Member Reputation points: 12684
    Join Date
    Jan 2019
    Posts
    139

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

  4. #4
    Senior Member Reputation points: 107104
    Join Date
    Aug 2016
    Posts
    834

    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
    Senior Member Reputation points: 65969
    Join Date
    Jul 2017
    Posts
    542

    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: 22201
    Join Date
    Dec 2021
    Posts
    630

    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
    Senior Member Reputation points: 81655
    Join Date
    Mar 2014
    Location
    Florida
    Posts
    2,854

    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, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

  8. #8
    Senior Member Reputation points: 301165
    Join Date
    Jun 2015
    Posts
    3,313

    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: 301165
    Join Date
    Jun 2015
    Posts
    3,313

    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
    Senior Member Reputation points: 22201
    Join Date
    Dec 2021
    Posts
    630

    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 06:34 PM.
    Marcus Clapman
    Capybara Capital
    marcus@capybarausa.com
    www.capybarausa.com
    646-708-5986 (Text Friendly!)

  11. #11
    Senior Member Reputation points: 55949
    Join Date
    Dec 2015
    Posts
    574

    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....



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

BoA launches business loan marketplace
Quickbooks adds new LOC product
Dext Capital upsizes corp note


DIRECTORY