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05-22-2023, 04:14 PM #1
- Join Date
- Jun 2021
- Posts
- 39
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?
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05-22-2023, 04:15 PM #2
hey , we do .. send me an email Jake@bowapplecapital.com
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05-22-2023, 04:37 PM #3
- Join Date
- Sep 2022
- Posts
- 58
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.
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05-22-2023, 04:54 PM #4
- Join Date
- Jan 2017
- Posts
- 387
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
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05-23-2023, 11:22 AM #5
- Join Date
- Dec 2021
- Posts
- 637
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!)
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05-24-2023, 07:27 PM #6
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05-26-2023, 09:11 AM #7
- 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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05-23-2023, 12:21 PM #8
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05-23-2023, 03:40 PM #9
- Join Date
- May 2019
- Posts
- 60
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.
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07-24-2023, 05:24 PM #10
- Join Date
- May 2020
- Posts
- 7
Somebody needs a cheeseburger
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05-23-2023, 04:36 PM #11
- Join Date
- May 2023
- Posts
- 10
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!
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05-23-2023, 05:40 PM #12
- Join Date
- Nov 2019
- Posts
- 676
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.
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05-24-2023, 07:15 PM #13
- Join Date
- May 2019
- Posts
- 60
I recommend advil, helps with the pain
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05-24-2023, 07:16 PM #14
- Join Date
- May 2019
- Posts
- 60
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.
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05-25-2023, 08:59 AM #15
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
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05-25-2023, 10:13 AM #16
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,485
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
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05-30-2023, 02:42 PM #17
- Join Date
- Apr 2023
- Posts
- 17
Clarity Advance
email: erika@clarityadvance.com
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05-30-2023, 04:54 PM #18
- Join Date
- Apr 2021
- Posts
- 92
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05-31-2023, 12:35 PM #19
- Join Date
- Sep 2020
- Location
- Salt Lake City, Utah
- Posts
- 34
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.
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05-31-2023, 06:57 PM #20
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)
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06-05-2023, 02:53 PM #21
- Join Date
- Dec 2015
- Posts
- 610
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.
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05-31-2023, 01:12 PM #22
- Join Date
- May 2023
- Posts
- 20
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
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06-05-2023, 12:07 PM #23
- Join Date
- May 2022
- Posts
- 98
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
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06-05-2023, 02:37 PM #24
- Join Date
- May 2023
- Posts
- 20
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
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07-25-2023, 03:13 PM #25
- Join Date
- Dec 2021
- Posts
- 637
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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