Who's hopping first positions?
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  1. #1

    Who's hopping first positions?

    Like the title says, who's hopping 1st position fundings? Coming in as a 2nd with very little payment history. My regular guys like to wait for atleast 3-4 weeks of payment history. Who can fund days after the first position funds?

  2. #2
    hey , we do .. send me an email Jake@bowapplecapital.com

  3. #3
    Any offer of ours that gets beaten by a competitor we will hop/stack same or next day as long as the holdback is not too high.
    Cris Gonzalez
    Iso Relations Manager
    (786) 368-1815
    Cris@clarityadvance.com
    www.clarityadvance.com

  4. #4
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    We like to wait 2 weeks to offer a hop, if you are looking for a great funder with stelar customer service, reach out.

    Thank you,
    Paul Boxer
    Merchant Marketplace

    Chief Operating Officer
    Chief Revenue Officer

    Cell: (516) 805-9209
    paul@merchantmarketplace.com
    www.merchantmarketplace.com

  5. #5
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    Quote Originally Posted by Essential$$$ View Post
    Like the title says, who's hopping 1st position fundings? Coming in as a 2nd with very little payment history. My regular guys like to wait for atleast 3-4 weeks of payment history. Who can fund days after the first position funds?
    Always looking to fund deals. Period.
    Last edited by MCA-VET; 05-23-2023 at 11:44 AM.
    Marcus Clapman
    Capybara Capital
    marcus@capybarausa.com
    www.capybarausa.com
    646-708-5986 (Text Friendly!)

  6. #6
    Senior Member Reputation points: 52185 ADiamond's Avatar
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    Quote Originally Posted by MCA-VET View Post
    Always looking to fund deals. Period.
    Never Not Funding?
    Anthony Diamond
    Underwriter

  7. #7
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    Agreed

    Quote Originally Posted by MCA-VET View Post
    Always looking to fund deals. Period.
    That's because, you're the man.....
    Thank you,

    Joseph Vaknen
    Business Development
    SuperFastCap


    Direct: (646) 546-3866 (Text or Call)
    E-mail: Joe@superfastcap.com
    www.superfastcap.com

  8. #8

  9. #9
    Who hops first positions?

    Capybara does
    They have 102% of the isos sending deals in every day
    Why they just signed up 82 ISO's 5 minutes ago who sent in a trucking deal and they funded it right behind an auto dealership.

    They stacked a 1st position before the merchant even filed an EIN

    They've been in the space for 60 years and the only people who have bad things to say about them are the people who clean their offices.

  10. #10
    Somebody needs a cheeseburger

  11. #11
    Symplifi Capital does hops. If the numbers make sense and holdback is within reason we can give you an offer within an hour. Contact info below if you'd like to give us a shot!
    Ivan M.
    ivan@symplificapital.com
    (917) 633-5832

    1st-4th position B/C paper deals, DIRECT FUNDING SOURCE
    Terms up to 200 payments w. weekly payment options
    Renewal at 40%
    15% COMMISSIONS AVAILABLE FOR YOU TODAY!
    CALL ME FOR AN ISO AGREEMENT NOW!

  12. #12
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    Stacking a merchant any any time is really not a good thing. Funding the merchant days after they take one is horrible on the brokers funders and merchants end. The first position funder is giving the deal based on a first positions risk of only having one deal and then the merchant goes out to take another position. The second position is giving a higher rate and shorter term knowing the risk that there is two positions. What usually happens when the merchants revenue hs issues the bigger first position payment bounces and the smaller second position payment usually clears. It is hard to trust anyone in this business.

  13. #13
    I recommend advil, helps with the pain

  14. #14
    I couldn't agree with you more -- Your biggest issue with stacks is that you're stopping at 2. You need to get the merchant a third position or you're really screwing over the first position.

  15. #15
    Senior Member Reputation points: 122873 BR-Nightmare's Avatar
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    Point Blank

    There are two sides people can choose to be on in this industry

    You have a side that looks after the best interest of the Merchant & you have the other side that looks after their own best interest.

    Which side are you on?
    The Brokers Nightmare
    I don't want peace, I want problems, ALWAYS!
    Florida-Based

  16. #16
    Senior Member Reputation points: 338241
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    Quote Originally Posted by BR-Nightmare View Post
    Point Blank

    There are two sides people can choose to be on in this industry

    You have a side that looks after the best interest of the Merchant & you have the other side that looks after their own best interest.

    Which side are you on?
    Ah....some come to this forum to "do business".... Other come to learn whom to stay far away from.....
    Kevin Henry
    VP-Business Development
    Seacoast Business Funding, a division of Seacoast Bank
    561-850-9346
    Kevin.Henry@SeacoastBF.com
    1880 N Congress Ave., Suite 404
    Boynton Beach, FL 33426

  17. #17

  18. #18
    Quote Originally Posted by Essential$$$ View Post
    Like the title says, who's hopping 1st position fundings? Coming in as a 2nd with very little payment history. My regular guys like to wait for atleast 3-4 weeks of payment history. Who can fund days after the first position funds?
    9/10 times these are the same merchants you see a few months later trying to figure out how they managed to get 8 more positions
    Lifetime Funding
    nicholas@lifetimefundingllc.com
    516-604-0609

  19. #19
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    Torro Funding will hop same day as long as we believe the merchant can maintain both positions.

    Please an email evan.ensign@torro.com, and we can get an iso agreement over.
    Evan Ensign
    Director of Business Development
    Torro Funding
    o: 267.592.4291
    evan.ensign@torro.com

  20. #20
    Veteran Reputation points: 135672 Chambo's Avatar
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    Quote Originally Posted by FLORIDAMAN View Post
    9/10 times these are the same merchants you see a few months later trying to figure out how they managed to get 8 more positions
    I love the merchants who come to you as a first position with bank rate demands. When you cannot provide, you see the file 4-5-6 months later and they have 3 or 4 positions and are choking on the payments...STILL coming at you with the same demands (but they last took a 3 month 1.499 w 8% up front fee)

  21. #21
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    Quote Originally Posted by Chambo View Post
    I love the merchants who come to you as a first position with bank rate demands. When you cannot provide, you see the file 4-5-6 months later and they have 3 or 4 positions and are choking on the payments...STILL coming at you with the same demands (but they last took a 3 month 1.499 w 8% up front fee)


    Chambo, are they looking at you like some kind of MCA simp with 3 baby daddies, trying to get you to pay their last 3 months rent? You gotta step it up and get them when they're young and hot.

    I recommend you enroll in our www.DmmbLeads.com High Value Man's man classes.

  22. #22
    I may be able to - we do it often - it is a case by case basis. BizFund Canada - LMK if you are still looking

    Jodi Levy
    Head of Sales and Business Development
    BizFund Canada
    e: jodi.l@bizfund.ca
    c: 416-892-1600

  23. #23
    Quote Originally Posted by Essential$$$ View Post
    Like the title says, who's hopping 1st position fundings? Coming in as a 2nd with very little payment history. My regular guys like to wait for atleast 3-4 weeks of payment history. Who can fund days after the first position funds?
    Case by case but we will hop if the file is strong.

    Lendbug Is Now Doing Asset Based Funding !!!
    We have revamped our lending criteria for aggressive offers and maximum deal flow. We pride ourselves on being extremely creative and flexible.

    Our Asset Based Lending Criteria:

    - Non-primary residences only
    - Commercial and investment properties only
    - funding up to 50% LTV
    - Up to 18 month terms
    - Funding in as quickly as 5 days
    - 10 point commission

    Our MCA Criteria:

    - As low as 2k micro funding
    - 6 month Min.time in business
    - B, C, D paper
    - Offers not based on credit score - low credit ok
    - Response time (realistically) as low as 60 minutes
    - 1st - 5th position - Up to 38% withhold of net deposits
    - As low as 1.32 buy rates
    - Terms up to 140 days (weekly's upon approval)
    - Max Upsell to 15 points
    - Early Payoff Discounts
    - 25k a month average revenue
    - Minimum of 5 deposits per month
    - Minimal stips for contract (VC & ID)
    - Docusign Contracts

    - We also offer asset/inventory/accounts receivable backed term loans/lines of credit. Not MCA based. Bankable rates.

    ISO Agreement Link Bellow;
    https://na4.docusign.net/Member/Powe...db752ace08&v=2

    Michael Ross
    Lendbug LLC
    New York, NY
    Mross@lendbug.com
    646-360-0411

  24. #24
    we will! BizFund Canada - call or email me directly - Jodi Levy, Head of Sales/BD, BizFund Canada, 416-892-1600 or email jodilevy123@gmail.com OR jodi.l@bizfund.ca

  25. #25
    Senior Member Reputation points: 22201
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    Nice % of people on this chat have never had a cheeseburger. (As per the kosher dietary laws)
    Marcus Clapman
    Capybara Capital
    marcus@capybarausa.com
    www.capybarausa.com
    646-708-5986 (Text Friendly!)

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