[fundingsmbs]

Keep hearing rumors about layoffs and issues is there liquidity issues there? How many mcas are having liquidity issues right now

[alexd12345]

Prior to this week we did not recieve a single approval from Rapid even on renewals since January, Funded one term loan and one line of credit this week with them so im hoping whatever was going on is now behind them,.

[Kevin Henry-Seacoast]

Keep hearing rumors about layoffs and issues is there liquidity issues there? How many mcas are having liquidity issues right now

You know who owns this company right???

[goldenhippo80]

You know who owns this company right???

Please enlighten us

[Kevin Henry-Seacoast]

Please enlighten us

You have to be kidding me.......

[goldenhippo80]

You have to be kidding me.......

No I'm not kidding you, that's why I'm asking.

[alex.isak]

Simple google search reveals all

[Olderguy]

It was acquired by Dan Gilbert's Rockbridge Growth Equity, LLC in 2013. It is part of Rock Family of Companies that include the Cleveland Cavaliers, Fathead, Rocket Mortgage and Genius.

[fundinggrasshopper]

i feel like they are trying to transition their operations towards focusing more on their compliance/UW API called Decisioneer.

[MakeTruckingGreatAgain]

we have not seen an offer from Rapid in a while. does anyone know whats going on with them?

[Robinhood21]

I’m honestly pretty surprised I got approval from rapid (renewal ) 250k no financials required construction.

They are doing renewals just to those merchant who don’t miss any payments

[MCA-VET]

I cant connect the dots... But there has been a major rush of ISO's signing up with Capybara Capital recently who seem to be very laser focused on understanding (just) our A Box.

[GoldStandard]

Wow I am sure all companies have been hit with an uptick of Defaults and are deciding how to move forward. Once they figure out how to handle or adjust increased risk taking on for the Commercial markets. Big news is saying all time High default rates on the Commercial property loans and this is probably just the beginning the EIDL did not really help just buy time. We all need to get creative fast bring prices up and serve more people before the bubble bursts.

Oh yeah IOU Financial is killing it call my Guy Cameron Stanton | Account Executive
678.894.1773 or cstanton@ioufinancial.com, He got a Renewal on a Dr no one would consolidate and they Funded $675k Yesterday paying off 2 other MCA's for $365k. Keep in mind it was a renewal but hes getting exceptions done on new deals too "BEAST MODE"

[Big Mack]

I noticed that they're not sponsoring Broker Fair, which is odd since they're usually a platinum sponsor.