Results 1 to 5 of 5
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05-25-2023, 10:18 AM #1
- Join Date
- May 2023
- Posts
- 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.
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05-25-2023, 10:41 AM #2
- 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.
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05-25-2023, 10:49 AM #3
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.
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05-25-2023, 11:53 AM #4
- 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!)
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05-25-2023, 12:38 PM #5
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.
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