Results 1 to 21 of 21
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07-12-2023, 12:42 PM #1
- Join Date
- Mar 2023
- Posts
- 10
Who Funds similar offers to Break out?
Have a 1st pos buy out deal. Currently have an offer for 12 mo. Need 13-14 months to get it done. Any takers?
Last edited by Dominic S; 07-12-2023 at 12:46 PM.
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07-12-2023, 04:24 PM #2
- Join Date
- Aug 2018
- Posts
- 837
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07-12-2023, 04:25 PM #3
- Join Date
- Aug 2018
- Posts
- 837
I forgot, credibly. I don't use them anymore. They had an iso rep backdoor their iso subs sometime back called Adam Grudman, whom they fired. When I found out I stopped sending them my business.
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07-12-2023, 04:30 PM #4
- Join Date
- Nov 2018
- Posts
- 24
To add to zonefund... Select funding, Channel partners, Balboa, Kapitus.
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07-12-2023, 04:37 PM #5
- Join Date
- Jul 2021
- Posts
- 26
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07-12-2023, 04:39 PM #6
- Join Date
- Aug 2018
- Posts
- 837
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07-17-2023, 10:34 AM #7
- Join Date
- Aug 2018
- Posts
- 837
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07-17-2023, 11:16 AM #8
- Join Date
- Feb 2017
- Posts
- 3,450
Select is in California. Really good funder. They also started doing equipment and Prime A+ loans. Best prepay on the market for MCAs.
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07-17-2023, 11:19 AM #9
- Join Date
- Jun 2023
- Location
- NJ
- Posts
- 11
SmartStep (formerly Principis) can max out at 16 months (they might go to 18, I'm not sure)
Hard to compete with Breakout, at least the way they used to be, with Monthly payments and 1.1X or low 1.2X sell rates
IOU, Kapitus, Channel
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07-17-2023, 12:05 PM #10
- Join Date
- Nov 2019
- Posts
- 685
Depends on why they want a longer term for. You can see if they would rather take a shore term that has add ons that work like a line of credit where they can take a 6-9 month term and renew every 3-4 months or so that will just extend the term out longer keep the payments the same the rate is based on the shorter term and get funded 10-15 times over the next few years. Doing it that way they get more money at a cheaper cost and you have a renewal every few months. This is how my company does it and we fund a lot of deals over the long term offers since business always need money at one point or another usually several times a year.
Scott Platto
scott@tmrnow.com
tmrnow.com
212-220-9872
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07-17-2023, 12:07 PM #11
- Join Date
- Dec 2021
- Posts
- 637
Marcus Clapman
Capybara Capital
marcus@capybarausa.com
www.capybarausa.com
646-708-5986 (Text Friendly!)
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07-18-2023, 06:59 AM #12
- Join Date
- Aug 2018
- Posts
- 837
Marcus, please stop bs'ing. You are no better then TVT / EFINANCIAL / SPECIALTY. You max out at 9 months and you have full stips for 75k deals. Your 9 month deals are 1.35 buy rates. Every deal comes with a 5% orig fee and at 10 points is maxed around a 1.45 between 6-9 months. From the deals i have seen you in, which are terrible, i am sure you have a very high default % and you are going to fold soon unless you're backed by a LOT of money. To top that off the peak solutions thread puts you in a very bad light with any iso looking to conduct business with any company that you represent.
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07-18-2023, 07:49 AM #13
- Join Date
- Aug 2018
- Posts
- 837
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07-18-2023, 08:10 AM #14Steve 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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07-18-2023, 08:23 AM #15
- Join Date
- Aug 2018
- Posts
- 837
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07-18-2023, 11:22 AM #16
- Join Date
- Feb 2017
- Posts
- 3,450
submissions@specialtycapital.com
They had a table at the Broker Fair in October in NY.
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08-11-2023, 08:15 AM #17
- Join Date
- May 2022
- Posts
- 6
Appreciate the support Micah!
Dakota Cooley
Business Development Representative
(818) 928-3957 (w)
dakota@selectfunding.com
https://www.selectfunding.com/partner
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08-11-2023, 08:18 AM #18
- Join Date
- May 2022
- Posts
- 6
Sorry for jumping in this thread late!
We have some good programs that could fit what you are looking for. Including a industry leading prepay!
Reach out...lets see if it makes sense to sign up with us!
Dakota Cooley
Business Development Representative
(818) 928-3957 (w)
dakota@selectfunding.com
https://www.selectfunding.com/partner
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08-11-2023, 08:20 AM #19
- Join Date
- May 2022
- Posts
- 6
Thanks for the shoutout!
Dakota Cooley
Business Development Representative
(818) 928-3957 (w)
dakota@selectfunding.com
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08-18-2023, 01:45 AM #20
- Join Date
- Mar 2023
- Posts
- 54
Yes that's right! We FUND TRUCKING AND CONSTRUCTION and more! Come on lets chat!
Minimum Monthly Rev: 25,000
Maximum Funding Amount: 1,000,000
Buy Rate: 1.20 - 1.42
Maximum Up Sell: 15%
Minimum Time in Business: 1 Year
Minimum Average Bank Balance: $1,000
Minimum Fico: 550
Expected Terms: 4-12 Months
Maximum Negative Days: 5
Minimum Deposits Per Month: 5
Minimum Ownership %: 51
*B PAPER ONLY*
We will mainly offer daily payment options, Weekly are possible but is on a strict deal to deal basis! We Fund Trucking, Construction, Cannabis, Lawyers, Puerto Rico, Restaurants and much more!
Nicholas Curcio
O: (888) 425-2825
C: (631) 942-3364
E: nicholas@greenbuckcapital.com
www.greenbuckcapital.com
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08-18-2023, 04:52 AM #21
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,493
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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