Results 1 to 8 of 8
-
05-27-2025, 12:52 PM #1Noob
Reputation points: 10
- Join Date
- Oct 2024
- Posts
- 4
Top Tier Financial or MCA PAYMENTS LLC
Has anyone dealt with them before. Top Tier must be a broker and MCA Payments LLC is offering a term loan for 24 months, but requiring a payment up front to put in escrow. Is this legit?
-
05-27-2025, 01:08 PM #2Senior Member
Reputation points: 301013
- Join Date
- Feb 2017
- Posts
- 3,734
Have the client ask for the name of the escrow attorney to speak with him directly about with what mechanism the escrow will be released. (Hint: they won't give it because there isn't one)
-
05-27-2025, 01:38 PM #3Senior Member
Reputation points: 136559
- Join Date
- Sep 2021
- Location
- Irvine, CA
- Posts
- 3,008
Sounds like BS to me.
Steve Benjamin
Professional Business Loans
522 Contessa
Irvine, CA 92620
[email protected]
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.
-
05-27-2025, 01:52 PM #4Noob
Reputation points: 10
- Join Date
- Oct 2024
- Posts
- 4
I thought so but I wasn't sure. Usually a payment up front is a scam, but I have never dealt with a term loan before so I wasn't sure
-
05-27-2025, 03:02 PM #5Senior Member
Reputation points: 301013
- Join Date
- Feb 2017
- Posts
- 3,734
Just to let you know though, many banks or lenders WILL require some up-front due diligence fees, so you have to be on your toes with those and know who's legit and who isn't. However, Chris, send me an email, let me introduce you to a term loan lender that does NOT require up-front fees and one that does.
Originally Posted by Chrisjpierce23
-
05-27-2025, 03:47 PM #6Senior Member
Reputation points: 136559
- Join Date
- Sep 2021
- Location
- Irvine, CA
- Posts
- 3,008
Due Diligence fee for 24 months?
Steve Benjamin
Professional Business Loans
522 Contessa
Irvine, CA 92620
[email protected]
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.
-
05-28-2025, 04:22 PM #7Member
Reputation points: 11
- Join Date
- Feb 2024
- Posts
- 51
Top Tier Financial is the name of the MCA brokerage that Sagy from Fidelity Funding opened up when he split shop and opened up in Florida. I'm sure theres other out there with the same name though.
-
05-29-2025, 12:56 PM #8Member
Reputation points: 10075
- Join Date
- Jan 2023
- Posts
- 76
Yea that's not true. Originally Posted by RichDennisPoorDad
Reply With Quote
Similar Threads
-
C-D Tier LENDERS NEEDED!!
By FundyMonkey in forum Merchant Cash AdvanceReplies: 2Last Post: 08-07-2023, 12:30 PM -
ranking lenders by tier
By Paperchaser in forum Merchant Cash AdvanceReplies: 7Last Post: 09-25-2014, 05:01 PM -
Lenders by Risk Tier
By Paperchaser in forum Merchant Cash AdvanceReplies: 0Last Post: 09-08-2014, 10:57 AM -
BGC launches Tier 1 Program
By businessgrowthcapital in forum PromotionsReplies: 2Last Post: 06-03-2014, 10:46 AM
