Results 1 to 5 of 5
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10-12-2023, 12:24 PM #1
- Join Date
- Oct 2023
- Posts
- 20
setting up shop
Hello everyone,
My partner and I finally decided to pull the trigger and setup a broker shop. I would greatly appreciate your advice and things to look out for.
We are trying to stay away from the backdooring lenders any of them you can suggest I stay away from?
Thank you so much
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10-12-2023, 12:38 PM #2
- Join Date
- Feb 2017
- Posts
- 3,463
The first thing to do is to learn to use the "search" on the top right. We literally discuss this every other week or so. Compile a list and then post it here, and ask about experience of specific places. These guys change names regularly and their banks apparently don't care.
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10-12-2023, 01:07 PM #3
- Join Date
- Mar 2020
- Posts
- 133
Do you have experience in the industry? Have you worked as a broker yourself? It sounds like maybe the answer is no because then you would already have an idea of funders that you like and don't like from those you have funded deals with in the past. This is going to be a very tough industry for you to navigate without at least someone on your team who has been around for a while. Or if you have an extremely large war chest and can spend your way into the all the right answers. Because make no mistake as a new shop especially you are heading into battle.
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10-25-2023, 10:41 PM #4
- Join Date
- Dec 2015
- Location
- Costa Mesa
- Posts
- 234
You are going to need some good tech. We are dedicated to the finance sector and offer a ton of products all under one roof.
https://www.centrexsoftware.com/
Cheers,
Trey Markel
(888) 622-5810
tmarkel@centrexsoftware.com
www.centrexsoftware.com
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10-26-2023, 10:36 AM #5
Reach out if you have prospects outside the MCA arena and need help in any of those areas.
SBA, Equipment, personal loans, any real estate, asset based lending, etc.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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