Lenders with the lowest buy rates
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  1. #1

    Lenders with the lowest buy rates

    Looking to add some new lenders with low buy rates. Feel free to drop some names below.

    Currently signed up with:

    Kapitus
    PIRS
    Kalamata
    Aquina
    Mulligan
    Credibly

  2. #2
    when you go back to the 1.49 life give us a call

  3. #3
    Senior Member Reputation points: 10476
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    Quote Originally Posted by 1.49howyadoin View Post
    Looking to add some new lenders with low buy rates. Feel free to drop some names below.

    Currently signed up with:

    Kapitus
    PIRS
    Kalamata
    Aquina
    Mulligan
    Credibly
    My buy rates are lower than some funders depending on the file and term. But on our first position renewals compared to all other funders we do not refinance the balance on renewals to cut the term shorter and charge double on the new money. We just extend the term out when the old money pays of they new balance starts. The money gets cheaper as time goes on. Feel free to reach out to me to learn more.

    Scott Platto
    scott@tmrnow.com
    tmrnow.com
    212-220-9872

  4. #4
    Senior Member Reputation points: 72398 Olderguy's Avatar
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    From a colleague....Balboa 1.17 over 12 months.
    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.

  5. #5
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    Balboa is one I use often. 12-18 month terms, good rates. Only issue with Balboa is they have a glitch in contract at times that will not allow a couple pages to be signed delays deal. Platform is a little slow in general. However, they are not too hard on stips and payout on time. I appreciate the information and time you put in to share Steve. Thanks!

  6. #6
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    Quote Originally Posted by closer129 View Post
    My buy rates are lower than some funders depending on the file and term. But on our first position renewals compared to all other funders we do not refinance the balance on renewals to cut the term shorter and charge double on the new money. We just extend the term out when the old money pays of they new balance starts. The money gets cheaper as time goes on. Feel free to reach out to me to learn more.

    Scott Platto
    scott@tmrnow.com
    tmrnow.com
    212-220-9872
    just curious what do you fund as I've never seen tmrnow in a statement?

  7. #7
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    They were the lender on Shark Tank https://totalmerchantresources.com/

  8. #8
    Senior Member Reputation points: 72398 Olderguy's Avatar
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    Quote Originally Posted by MCApphub View Post
    Balboa is one I use often. 12-18 month terms, good rates. Only issue with Balboa is they have a glitch in contract at times that will not allow a couple pages to be signed delays deal. Platform is a little slow in general. However, they are not too hard on stips and payout on time. I appreciate the information and time you put in to share Steve. Thanks!
    Their stips are very difficult as well....nit pick the crap out of a file to get to funding.
    Last edited by Olderguy; 04-03-2023 at 06:03 PM.
    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.

  9. #9

    Samson Funding

    Quote Originally Posted by 1.49howyadoin View Post
    Looking to add some new lenders with low buy rates. Feel free to drop some names below.

    Currently signed up with:

    Kapitus
    PIRS
    Kalamata
    Aquina
    Mulligan
    Credibly
    Samson Funding will compete with all this companies to get big deals done, we give really good buy rates. Reach out to me get your deals funded with us

  10. #10
    Ill send my doodoo paper your way. 20% PSF on every deal Mr. Jokester

  11. #11
    Quote Originally Posted by ADVENTUREFUNDINGROUP View Post
    when you go back to the 1.49 life give us a call
    Ill send my doodoo paper your way. 20% PSF on every deal Mr. Jokester

  12. #12
    Rates as low as 1.20 here

    nicholas@greenbuckcapital.com
    6319423364

  13. #13
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    Hi Steve, Maybe you can help. I have a dentist who is in a partial reverse. Paying out $26K a month with a couple MCA, LoanMe, PayPal deals. However, he has had enough and is looking for a collateralized loan using the equity in his 2nd home to get a lower interest loan to pay everything off. He pays on time but it is taking over 27% of incoming monthly revenue. If you have any options I have no issue going 50/50 with you on the deal. Your the only I would bring this to on here as I have looked into your work and your a top-notch personal loan guy. Thanks

  14. #14
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    Quote Originally Posted by 1.49howyadoin View Post
    Looking to add some new lenders with low buy rates. Feel free to drop some names below.

    Currently signed up with:

    Kapitus
    PIRS
    Kalamata
    Aquina
    Mulligan
    Credibly
    channel partners

    Simon Wein
    CEO- Radiance Funding
    P:516.509.9788
    W: Radiancefunding.com
    E:Simon@radiancefunding.com

  15. #15
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    Marcus Clapman
    Capybara Capital
    marcus@capybarausa.com
    www.capybarausa.com
    646-708-5986 (Text Friendly!)

  16. #16
    Quote Originally Posted by 1.49howyadoin View Post
    Ill send my doodoo paper your way. 20% PSF on every deal Mr. Jokester
    10%*^
    1.49 man couldn't handle the 1.49?

  17. #17
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    Quote Originally Posted by MCApphub View Post
    Hi Steve, Maybe you can help. I have a dentist who is in a partial reverse. Paying out $26K a month with a couple MCA, LoanMe, PayPal deals. However, he has had enough and is looking for a collateralized loan using the equity in his 2nd home to get a lower interest loan to pay everything off. He pays on time but it is taking over 27% of incoming monthly revenue. If you have any options I have no issue going 50/50 with you on the deal. Your the only I would bring this to on here as I have looked into your work and your a top-notch personal loan guy. Thanks
    Whenever a buyer tells me that they want to use "equity on their home," the first question that you have to ask on the 2nd home is already collateralized for a mortgage with the bank at 70-80% LTV already, and if there's enough juice left to cashout refi and get enough money to pay down any of those loans. Also, if it's a 2nd home, it's going to be harder because there's no rent, and it's owner-occupied.

  18. #18
    Quote Originally Posted by simonwein12 View Post
    channel partners
    Agreed, Channel

  19. #19
    Quote Originally Posted by ADVENTUREFUNDINGROUP View Post
    10%*^
    1.49 man couldn't handle the 1.49?
    Joke went right over your head huh?

  20. #20
    Senior Member Reputation points: 72398 Olderguy's Avatar
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    Quote Originally Posted by MCApphub View Post
    Hi Steve, Maybe you can help. I have a dentist who is in a partial reverse. Paying out $26K a month with a couple MCA, LoanMe, PayPal deals. However, he has had enough and is looking for a collateralized loan using the equity in his 2nd home to get a lower interest loan to pay everything off. He pays on time but it is taking over 27% of incoming monthly revenue. If you have any options I have no issue going 50/50 with you on the deal. Your the only I would bring this to on here as I have looked into your work and your a top-notch personal loan guy. Thanks
    Hard money on second home is a first position lien. And now it's running 10%. Best bet is for him to go to a credit union and get a LOC on the second home.
    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.

  21. #21
    Minimum Monthly Rev: 25,000
    Maximum Funding Amount: 1,000,000
    Buy Rate: 1.20 - 1.42
    Maximum Up Sell: 15%
    Minimum Time in Business: 1 Year
    Minimum Average Bank Balance: $1,000
    Minimum Fico: 550
    Expected Terms: 4-12 Months
    Maximum Negative Days: 5
    Minimum Deposits Per Month: 5
    Minimum Ownership %: 51

    *B PAPER ONLY*
    We will mainly offer daily payment options, Weekly are possible but is on a strict deal to deal basis! We Fund Trucking, Construction, Cannabis, Lawyers, Puerto Rico and much more!

    Nicholas Curcio
    O: (888) 425-2825
    C: (631) 942-3364
    E: nicholas@greenbuckcapital.com
    www.greenbuckcapital.com

  22. #22
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    FYI .. Capybara Capital has a program for 10MPLUS in annual revs 1M 1.09 buy 1.12 sell (for select merchants -- 30days). some large wholesalers/Distributors love this program. --- Otherwise for A-Merchants we got some buy-rates few can compete with--- especially on the 350K-3M deals.
    Last edited by MCA-VET; 04-05-2023 at 12:54 PM.
    Marcus Clapman
    Capybara Capital
    marcus@capybarausa.com
    www.capybarausa.com
    646-708-5986 (Text Friendly!)

  23. #23
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    Quote Originally Posted by Bcooper View Post
    just curious what do you fund as I've never seen tmrnow in a statement?
    It pulls under total merchant resources. But most of our merchants do not shop and our brokers do not usually stack on us. We fund all types of paper depending on the file. On lower tier paper due to daily balances we will only do a cc split as a first position only. We will do stacks as long as the merchant has strong daily balances and not over extended with current payments. We will do cc splits on stacks. We will buy out a position or maybe two to even become a stack potion depending on the file.

  24. #24
    Senior Member Reputation points: 16767 fundinggrasshopper's Avatar
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    Scott, very interested in learning more about your funding products & the other services tmr offers businesses. sending you a pm

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