Results 1 to 24 of 24
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01-26-2023, 10:07 PM #1
- Join Date
- Oct 2021
- Posts
- 223
Reliant Shutdown??
Anyone hear they closed?
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01-27-2023, 08:47 AM #2
On LinkedIn I do see a lot of their employees are #lookingforwork
Either a massive layoff or shutdown, I have no confirmation of eitherThe Brokers Nightmare
I don't want peace, I want problems, ALWAYS!
Florida-Based
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01-27-2023, 01:45 PM #3
- Join Date
- Sep 2021
- Posts
- 43
Got a decline email from them today...it was an auto repair business 3 years in biz. They declined it for "wholesaling", also my rep is not answering his phone on 2 renewals & a payoff letter. Not sure what is going on over there.
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01-27-2023, 01:59 PM #4
- Join Date
- Nov 2021
- Posts
- 60
Got Confirmation of being closed yesterday
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01-27-2023, 02:03 PM #5
- Join Date
- Jul 2015
- Posts
- 215
I wonder what happened. They just recently had a great article written about them about their over 100% yoy growth.
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01-27-2023, 02:37 PM #6
- Join Date
- Aug 2019
- Posts
- 163
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01-27-2023, 06:26 PM #7
- Join Date
- Feb 2022
- Posts
- 4
nvm
Last edited by nvarner; 02-17-2023 at 05:49 PM.
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01-28-2023, 11:03 PM #8
- Join Date
- Dec 2021
- Posts
- 637
well BB was acquired by Enova. them closing down would be closer to 1 bottling water company buying another and then phasing out that label.
Marcus Clapman
Capybara Capital
marcus@capybarausa.com
www.capybarausa.com
646-708-5986 (Text Friendly!)
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01-30-2023, 10:25 AM #9
- Join Date
- Jul 2014
- Posts
- 70
Reliant Funding closed down is an oxymoron
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01-30-2023, 10:36 AM #10
- Join Date
- Jul 2015
- Posts
- 215
Still waiting to see something actually verifiable on this
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01-30-2023, 10:43 AM #11
- Join Date
- Feb 2018
- Posts
- 1,349
Enova got a huge Win with that acquisition of ODC. TBB was a very small footprint in business lending for them. It makes sense they are rolling it all under one brand, ODC, that had a much larger footprint.
As for Reliant, time will tell what's really happening there and if they can't fund anymore, another prospect for someone to acquire their assets. Can Capital in the past had some pause in funding's but is still funding today so sometimes its a covenant issue and new sources of capital have to be found.
Will 2023 see more M & A?
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01-30-2023, 11:07 AM #12
- Join Date
- Dec 2021
- Posts
- 637
I think a few large ISO's may be sooner then later gobbled up by the big boys.
Marcus Clapman
Capybara Capital
marcus@capybarausa.com
www.capybarausa.com
646-708-5986 (Text Friendly!)
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01-30-2023, 11:09 AM #13
- Join Date
- Dec 2021
- Posts
- 637
Marcus Clapman
Capybara Capital
marcus@capybarausa.com
www.capybarausa.com
646-708-5986 (Text Friendly!)
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01-30-2023, 11:10 AM #14
- Join Date
- Jul 2015
- Posts
- 215
Still seems weird to me to have such success and then just fold up shop. There has to be more to the story. Why would anyone that is experiencing that growth ever stop?
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01-30-2023, 11:41 AM #15
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- Oct 2021
- Posts
- 223
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01-30-2023, 11:42 AM #16
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- Jul 2015
- Posts
- 215
https://www.monitordaily.com/news-po...olume-in-2022/
I mean they may have just paid for this article to be written. So who knows.
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01-30-2023, 11:45 AM #17
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- Oct 2021
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- 223
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01-30-2023, 11:45 AM #18
- Join Date
- Nov 2019
- Posts
- 679
If you still need a home for that file or your renewals I can take a look at them.
Sott Platto
Scott@tmrnow.com
tmrnow.com
212-220-9872.
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01-30-2023, 11:48 AM #19
- Join Date
- Nov 2019
- Posts
- 679
If you still need a home for that file or your renewals I can take a look at them.
Sott Platto
Scott@tmrnow.com
tmrnow.com
212-220-9872.
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01-30-2023, 11:53 AM #20
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- Jul 2015
- Posts
- 215
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02-02-2023, 12:45 PM #21
- Join Date
- Feb 2018
- Posts
- 1,349
credibility (not the same co as credibly) lost their credit facility and temp shut down. debanked better get their reporters on the scenes. the tsunami has begun.
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02-02-2023, 01:09 PM #22
- Join Date
- Dec 2021
- Posts
- 637
Ive been telling evreyone to sign-up with Capybara Capital ASAP....floodgates of new ISO's requesting to board has been non-stop! marcus@capybarausa.com
Last edited by MCA-VET; 02-02-2023 at 01:12 PM.
Marcus Clapman
Capybara Capital
marcus@capybarausa.com
www.capybarausa.com
646-708-5986 (Text Friendly!)
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02-02-2023, 01:13 PM #23
- Join Date
- Dec 2021
- Posts
- 637
I've been told its not uncommon for funders to be paying MCA Rates for Capital.....I don't see how that model lasts....
Marcus Clapman
Capybara Capital
marcus@capybarausa.com
www.capybarausa.com
646-708-5986 (Text Friendly!)
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02-03-2023, 07:54 PM #24
- Join Date
- Oct 2021
- Posts
- 223
https://debanked.com/2023/02/reliant...-shifts-gears/
Pretty funny. Poor decision makingLast edited by TheUnderwriter; 02-03-2023 at 08:08 PM.
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