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05-18-2023, 09:16 PM #1
- Join Date
- Aug 2019
- Posts
- 165
definitely some really bad funders in this industry, But the ridiculous amount brokers promising the LOC pending a 30 day 1.499 with 20% fees is getting out of control.
funders need to start asking the merchants on funding call if any LOC or term loan was promised in any way in the presentation of their mca offer.
Simon Wein
CEO- Radiance Funding
P:516.509.9788
W: Radiancefunding.com
E:Simon@radiancefunding.com
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05-19-2023, 09:32 AM #2
- 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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05-19-2023, 09:42 AM #3
- Join Date
- Feb 2017
- Posts
- 3,463
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05-19-2023, 09:51 AM #4
- 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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05-19-2023, 02:35 PM #5
- Join Date
- Nov 2019
- Posts
- 691
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05-19-2023, 02:47 PM #6
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05-24-2023, 12:47 PM #7
- Join Date
- Apr 2021
- Posts
- 114
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05-24-2023, 01:04 PM #8
- Join Date
- Jun 2021
- Location
- miami
- Posts
- 436
As someone who has actually used an MCA as a bridge successfully 9 times out of 10 the broker has no relationships with sba banks and is speaking out their ass. Before funding a mca as a bridge always have the bank verify if they can purchase the debt before funding it and get an EOI out with the MCA incorporated before funding the mca. If you have questions on how to do it properly without ****ing your merchant please feel free to reach out.
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