A challenge to the MCA brokers here...
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  1. #1
    Senior Member Reputation points: 72398 Olderguy's Avatar
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    Irvine, CA
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    A challenge to the MCA brokers here...

    Many of you have called me about loans outside the MCA arena.

    Many have posted about getting another position for merchant who have 2+ stacked MCA's now.

    Any many of you have complained amount my suggesting you look into getting something better than an MCA for a merchant...by doing a better job of discovery. (I don't make any money, blah, blah, )

    so - heres my challenge to you all...

    Get a stacked merchant that needs another position and let's have a conference call with you, me and the merchant Let's see if I can do some discover, determine options and set a new direction that might be a better alternative, than another stacked MCA.

    Maybe we take out a stacked position if good cash flow
    Maybe we try a term loan, SBA loan
    Maybe a Hard money real estate loan with equity
    Maybe cash out on owned equipment
    Maybe a Personal loan based on personal tax return
    Maybe a Heloc based on their primary residence
    Asset based lending based on A/R A/R inventory, etc.
    Maybe you need a developer deal - maybe horizontal and/or vertical
    Accounting services or virtual CFO to fix their finances so they can qualify for something better. They may know their products but so many don't know how to run their businsses.

    Maybe you can listen and learn.

    For too many of them - their finances are a mess and need overhauling.

    So maybe I am your new back office underwriter...

    Are you man enough to try???

    Throwing down the gauntlet to the skeptics...

    What do you have to lose? What might you learn in the process?
    Last edited by Olderguy; 02-04-2024 at 06:59 PM.
    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.

  2. #2
    Senior Member Reputation points: 11887 KINGCASH's Avatar
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    Jan 2017
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    Would love to connect with you

    We work with all products mentioned above, but always open to broadening even further

    Connect this week to discuss how we can do business together?

  3. #3
    Senior Member Reputation points: 72398 Olderguy's Avatar
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    Irvine, CA
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    Quote Originally Posted by KINGCASH View Post
    Would love to connect with you

    We work with all products mentioned above, but always open to broadening even further

    Connect this week to discuss how we can do business together?
    Reach out...this is a 24/7 job.

    My intent isn't for connecting with someone who doesn't this now...it's for MCA brokers that are stuck with over leveraged merchants, or with merchants who have needs that are beyond the brokers skill set.

    Learn or die...
    Last edited by Olderguy; 02-04-2024 at 06:04 PM.
    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.

  4. #4
    Senior Member Reputation points: 11887 KINGCASH's Avatar
    Join Date
    Jan 2017
    Posts
    190

    We're on the same page

    Will do- thank you

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