Olderguy BANNED??
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  1. #1

    Question Olderguy BANNED??

    Hey everyone, it seems that one of the most genuine guys on this entire forum got his account deleted. I personally have gone to him to help out a bunch of merchants out of the endless debt cycle. This is not a post bashing MCA at all, but there comes a point when merchants are getting tricked into taking deals that make no financial sense and puts them in situations that no one wants to be in. From factoring to secured deals, Steve (Olderguy) has gotten a handful of merchants out of this cycle. All he wants to do is help people and he's clearly not in it to make money, I personally have gone to him with a handful of files that he wasn't able to do anything but he had resources to point the merchants in the right direction.

    @Admins, was Olderguy banned? What was the reason for his ban? I believe he was a great resource for this forum and industry to turn dead files into revenue in some shape or form. I don't have a single complaint and think that this ban will hurt the forum much more than deleting it. Let me know your thoughts.

  2. #2
    Petition to unban Olderguy! He is one of the good ones

  3. #3
    Senior Member Reputation points: 107104
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    No clue why he was banned , However i can tell you that he bashes mca all day to get in submissions and is signed up with mca funders. I will let you all draw your own conclusions.

  4. #4
    Quote Originally Posted by RickyR3712 View Post
    No clue why he was banned , However i can tell you that he bashes mca all day to get in submissions and is signed up with mca funders. I will let you all draw your own conclusions.
    Is this implying he backdoors? He's signed up with Channel and a few others... I've gotten a handful of deals done through him and so far no issues.

  5. #5
    Senior Member Reputation points: 87866 Olderguy's Avatar
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    Quote Originally Posted by RickyR3712 View Post
    No clue why he was banned , However i can tell you that he bashes mca all day to get in submissions and is signed up with mca funders. I will let you all draw your own conclusions.
    Unfortunately you don't understand the bigger picture I am trying to get across. I suggest options that may be in their better interests - for the merchants. People that take more than 2 positions need financial guidance which I have access to.
    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.

  6. #6
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    he is back . steve , what happened ?

  7. #7
    Senior Member Reputation points: 87866 Olderguy's Avatar
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    Quote Originally Posted by Michael I View Post
    he is back . steve , what happened ?
    No idea....but did get calls from forum loved ones though....hahaha...
    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.

  8. #8
    Senior Member Reputation points: 32283
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    Quote Originally Posted by Olderguy View Post
    Unfortunately you don't understand the bigger picture I am trying to get across. I suggest options that may be in their better interests - for the merchants. People that take more than 2 positions need financial guidance which I have access to.
    Maybe the bigger picture you seem to be misunderstanding is that it looks like you are playing both sides of the fence. You bash mca and say customers qualify for a better product, yet in your other had you are providing the "bad" product you are preaching to get merchants away from. I am not judging you since I offer both products as well, I just don't solicit business in an online forum acting like others are predatory and I am not.

  9. #9
    Senior Member Reputation points: 87866 Olderguy's Avatar
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    Quote Originally Posted by Oxforddan View Post
    Maybe the bigger picture you seem to be misunderstanding is that it looks like you are playing both sides of the fence. You bash mca and say customers qualify for a better product, yet in your other had you are providing the "bad" product you are preaching to get merchants away from. I am not judging you since I offer both products as well, I just don't solicit business in an online forum acting like others are predatory and I am not.
    In a sense you are correct.....I'll get someone an MCA if there is no other immediate option but in many instances am able to get them a SBA in 6 weeks to take out the MCA with an early pay discount.

    I am suggesting that there are better options for merchants than MCA's in many instances...where a broker might provide multiple loan products....immediate MCA, then A/R factoring, then equipment financing, and maybe cash out real estate or personal loan or even SBA. Where I differ is I start with the best product and work backwards.
    Last edited by Olderguy; 09-18-2024 at 12:16 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.

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