Results 1 to 25 of 34
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02-17-2023, 01:22 PM #1
- Join Date
- Jan 2019
- Posts
- 140
Who stopped funding?
Hearing rumors that companies are pausing funding due to defaults.
Anyone else hear of caompanies not funding rigth now
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02-17-2023, 01:25 PM #2
- Join Date
- Nov 2019
- Posts
- 679
I have not heard this from my brokers.
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02-17-2023, 01:32 PM #3
- Join Date
- Jun 2015
- Posts
- 3,325
i feel like there has defiantly been a scale back on terms .but did not hear of companies not funding
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02-17-2023, 02:33 PM #4
Lots of scale backs, but also lots of new guys and new money coming in.
Upstart just paused business loans, Reliant Paused, B Backer was phased out, Kabbage rebranded, previously paused funders are now back.
What's next?
It's a little crazy out there right now.The Brokers Nightmare
I don't want peace, I want problems, ALWAYS!
Florida-Based
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02-17-2023, 02:49 PM #5
- Join Date
- Dec 2021
- Posts
- 637
That explains the enormous rush of new-vendors looking to sign-up with Capybara Capital ....We just had biggest record month!!! --No slowing down here!! marcus@capybarausa.com for our guidelines and agreement.
Marcus Clapman
Capybara Capital
marcus@capybarausa.com
www.capybarausa.com
646-708-5986 (Text Friendly!)
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02-17-2023, 02:54 PM #6
- Join Date
- Dec 2019
- Posts
- 158
Marcus - you da man.
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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02-17-2023, 03:05 PM #7
- 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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02-17-2023, 03:09 PM #8
- 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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02-17-2023, 03:17 PM #9
- Join Date
- Feb 2023
- Posts
- 25
I'm sure all the carrot "funders" are doing just fine
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02-17-2023, 03:32 PM #10
- Join Date
- Aug 2019
- Posts
- 163
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02-17-2023, 04:41 PM #11
The federal government.
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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02-17-2023, 04:44 PM #12
- Join Date
- Aug 2017
- Posts
- 405
Reliant I heard has stopped funding. We got an email and a call from Mulligan that they have paused funding for 6 months.
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02-17-2023, 05:35 PM #13
- Join Date
- Dec 2022
- Posts
- 1
Mulligan Funding is still funding deals
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02-18-2023, 06:15 PM #14
- Join Date
- Aug 2021
- Posts
- 163
Rapid finance seems to be declining everything
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02-19-2023, 12:01 PM #15
- Join Date
- Jan 2023
- Posts
- 5
Good morning
The alternative lending space has not slowed down. Actually, banks are sending more deals to us because they have become more conservative with their lending and interest rates have gone up. Traditional banks do not have the lending capacity. Please let me know if you will need any type of assistance. I am happy to help. Thank you in advance.
Alicia Josshua
5555 Glenridge Connector Suite 200
Atlanta, GA 30342
(678) 786-7201
https://www.nationalbusinesscapital....ner/?ref=99855Last edited by aliciaj72; 02-19-2023 at 12:03 PM.
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02-19-2023, 07:42 PM #16
- Join Date
- Oct 2020
- Posts
- 92
Nah. Definitely slowed down. Yes there may be more applications coming through due to banks tightening uo but I am seeing a huge increase in delines and most of my funders tightening up. Rapid was approving everything prior to January and since then havent even seen one approval, even on qualified renewals. Wouldnt be suprised to find out they stopped funding altogether. IOU , CAN and a good portion of my A paper funders have a similar decline rate. Bottom line is the defaults rates are insane accross the board. Whoever hasnt slowed down yet will do so shortly. good news is We got through covid, well get through this god willing
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02-20-2023, 10:15 AM #17
Slow downs indeed, defaults are increasing more and more all around to the point that funders are trying to build as much cash as possible. Funders with LOC's have also being tightening up as their costs are more due to the interest rates growing. This can not come as a surprise. Funders need to adjust accordingly, especially since they are the risktaker here on every file they fund.
The Brokers Nightmare
I don't want peace, I want problems, ALWAYS!
Florida-Based
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02-21-2023, 11:49 AM #18
- Join Date
- Dec 2021
- Posts
- 637
I was talking to one of the best pulse on the industry guys over the weekend who claims the MCA industry lost around 500M in the Trucking/Transportation sector alone over the past 12Months.
Marcus Clapman
Capybara Capital
marcus@capybarausa.com
www.capybarausa.com
646-708-5986 (Text Friendly!)
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02-21-2023, 01:06 PM #19
- Join Date
- Nov 2020
- Posts
- 14
FUNDFI has not scaled back or adjusted terms. Disclosure states are temporarily paused but should be back soon. We are still funding construction and trucking. January was a huge month for us and continuing on. eric@fundfimerchantfunding.com
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02-21-2023, 01:47 PM #20
- Join Date
- Nov 2019
- Posts
- 679
If you are looking for more A paper funders especially one like us that work like a line of credit on renewals as well as other types of paper feel free to reach out to me. We did tighten our guidelines a little especially for trucking but for the most part our guidelines always stay around the same with some tweaks to them based on what is going on in the world.
Scott Platto
scott@tmrnow.com
tmrnow.com
212-220-9872
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02-21-2023, 01:49 PM #21
- Join Date
- Nov 2019
- Posts
- 679
If you are looking for more A paper funders especially one like us that work like a line of credit on renewals as well as other types of paper feel free to reach out to me. We did tighten our guidelines a little especially for trucking but for the most part our guidelines always stay around the same with some tweaks to them based on what is going on in the world.
Scott Platto
scott@tmrnow.com
tmrnow.com
212-220-9872
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02-21-2023, 04:02 PM #22
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02-22-2023, 11:27 AM #23
- Join Date
- Dec 2021
- Posts
- 637
From the daily Sub-Count SPIKE (Jan-time) i can tell you the industry is striving!!.... The requests for Capybara ISO Agreements ...is non-stop!! --I have like a dozen+ ISO's from over the long weekend--that i will get back to today! ..( i did not forget about you!!)....I am seeing raising increase of X-mortgage-brokers getting into our space!!
Last edited by MCA-VET; 02-22-2023 at 11:29 AM.
Marcus Clapman
Capybara Capital
marcus@capybarausa.com
www.capybarausa.com
646-708-5986 (Text Friendly!)
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02-22-2023, 11:46 AM #24
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02-22-2023, 12:11 PM #25
- Join Date
- Dec 2021
- Posts
- 637
When its not striving. Ill be the first to come on here and announce.....last month was a Capybara Capital record funding month.... (and although the industry is coming to CAPY-Ba-Ra for the 200K-3M deals ----January we had a ton of 30-150K deals that the stip list is known to be extremely light (perhaps a little to light for my liking)...
Marcus Clapman
Capybara Capital
marcus@capybarausa.com
www.capybarausa.com
646-708-5986 (Text Friendly!)
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