June
Need a Funder or Vendor? START HERE

Results 1 to 5 of 5
  1. #1

    June

    Many believe the market will pick up dramatically in june based on historical data. id love to hear any arguments for or against this.

  2. #2
    Senior Member Reputation points: 14752
    Join Date
    Apr 2020
    Posts
    127

    MCA industry turned into the ERC industry....everyone's getting large amounts of cash with no payback.. once that fizzles out it'll pick back up. Just like it did with the EIDL loans. My 2 cents. I think it will remain the way it is for at least a few more months.

  3. #3
    Senior Member Reputation points: 66013 TheConfidentBroker's Avatar
    Join Date
    Jan 2018
    Location
    Florida
    Posts
    189

    Without rambling on - We would love history to repeat itself if it means more $ but there is uncertainty.

    Origination is abundant but the deals are donkey sh*t. Funders cast such a wide net that most deals aren't fundable to your liking anymore. Even if you're a great ISO - you are still working and shopping the same deal from the other ones. Let's take this time to refocus and be realistic rather than idealistic. Just for a day. There's a lot of clarity coming in June and many of you are worth the effort to put into yourself.
    Funding is Temporary. Wu-Tang is Forever.

  4. #4
    Senior Member Reputation points: 22201
    Join Date
    Dec 2021
    Posts
    637

    America has Millions and Millions of merchants --- Those partnerships that are laser focused on marketing -- are truly killing it... when running a brokerage-shop (or 1 man show) one most spend 2-3 hours a day on studying new marketing strategies that will keep a constant flow of prospects coming across the table.
    Marcus Clapman
    Capybara Capital
    marcus@capybarausa.com
    www.capybarausa.com
    646-708-5986 (Text Friendly!)

  5. #5
    Senior Member Reputation points: 78887 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
    Posts
    2,333

    I am currently seeing:

    Broker shops in trouble
    increase in declines
    Lenders doing more risk analysis
    Lenders terminating ISO's
    more calls from brokers who know nothing about finance or loans.
    incredible increase in SBA loans - Bolt, EXpress and regular 7A.
    Incredible increase in hard money and traditional property loans for people who have no other options.
    People just calling and asking questions about loans, guidelines, qualifications - brokers and prospects...
    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.

Similar Threads

  1. $40-90k monthly deposits. Only open since June
    By Soundview CG in forum Deal Bin
    Replies: 10
    Last Post: 10-20-2020, 03:42 PM
  2. Finish June Strong!!!
    By Loyola in forum Promotions
    Replies: 0
    Last Post: 06-26-2020, 01:42 PM
  3. Replies: 3
    Last Post: 08-06-2018, 01:45 PM
  4. June bonus
    By Irving in forum Promotions
    Replies: 0
    Last Post: 06-11-2018, 01:49 PM
  5. 16 points until end of june
    By PDM Cap in forum Promotions
    Replies: 0
    Last Post: 06-15-2017, 05:22 PM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

eBay announces new MCA program
Lendistry welcomes new CFO
LegalZoom partners w/ businessloans.com


DIRECTORY