Who is doing construction?

**skideeppow** · 08-14-2013, 11:44 AM

Who is doing construction besides Rapid, GRP.
No CC just bank

**CO1** · 08-14-2013, 11:47 AM

FUF = First Us Funding

**MCNetwork** · 08-14-2013, 11:50 AM

New Logic has been funding a lot of construction lately

**Chambo** · 08-14-2013, 12:11 PM

SFS, TBB, FFM, CPSTK...the list goes on

**CO1** · 08-14-2013, 01:02 PM

Whos tbb an ffm?

**isaacdstern** · 08-14-2013, 01:26 PM

Funding for Merchants and The business Backer

Yellowstone is doing construction as well

**CO1** · 08-14-2013, 01:32 PM

So many to pick from! Who will it be?!

**Sean Cash** · 08-14-2013, 02:37 PM

yellowstone and chambo are the only time I ever hear TBB mentioned. Actually the last time I heard someone mention TBB that wasn't from someone at yellowstone was 5 years ago. How many deals are they actually doing?

**Scott Williams** · 08-14-2013, 02:41 PM

TBB is one of the best funders out there in my opinion. I always try and send them a large part of my submissions.

**CO1** · 08-14-2013, 02:56 PM

Express Working Capital.

**isaacdstern** · 08-14-2013, 04:13 PM

TBB is great for your clean files...they fund larger, longer and cheaper deals...but still paying a fair commish

**channin19** · 08-14-2013, 04:56 PM

CO1 You mean CapRock Services?

**CO1** · 08-14-2013, 06:17 PM

Yes. I do my big deals with them, The factor rates are great, the funding amounts they approve for are great! Over all they are great!

**Sean Cash** · 08-14-2013, 06:28 PM

what about these quickbridge guys in california. Anyone doing deals with them?

**Chambo** · 08-14-2013, 06:32 PM

Originally Posted by sean bash

yellowstone and chambo are the only time I ever hear TBB mentioned. Actually the last time I heard someone mention TBB that wasn't from someone at yellowstone was 5 years ago. How many deals are they actually doing?

TBB is slow and (in my opinion) overly thorough in their UW and stips, but in terms of payment and transparency, there is nobody better out there. Commissions are paid the same day as funding, residuals are timely at end of month. no surprise downselling. when you get your offer, the commissions are right up front for you. they do add ons and make concessions for merchants when it is deemed necessary. they truly look our for the best interest of the merchant.

I have told Jim & Nicole on numerous occasions, if they could get their act together with stips and UW, I would never, ever go anywhere else

**Chambo** · 08-14-2013, 06:33 PM

Originally Posted by sean bash

yellowstone and chambo are the only time I ever hear TBB mentioned. Actually the last time I heard someone mention TBB that wasn't from someone at yellowstone was 5 years ago. How many deals are they actually doing?

I first learned of TBB while at NLF Sean...sitting across from YOU

**Sean Cash** · 08-14-2013, 07:14 PM

Originally Posted by Chambo

I first learned of TBB while at NLF Sean...sitting across from YOU

lol. that was the last time I ever talked about them personally. If I remember correctly, NLF got banned from sending them any more deals because we sent them 150 declines in like 48 hours and scared the crap out of them.

**Chambo** · 08-14-2013, 08:29 PM

Originally Posted by sean bash

lol. that was the last time I ever talked about them personally. If I remember correctly, NLF got banned from sending them any more deals because we sent them 150 declines in like 48 hours and scared the crap out of them.

Yeah, they aren't that big, so they get touchy about fokls who flood them with paper...ESPECIALLY an MCA ISO that is clearly sending decline only their way.

**CO1** · 08-14-2013, 10:21 PM

Quikbridge isnt as aggressive with there pricing.

**MCAVeteran** · 08-14-2013, 11:26 PM

" 150 declines in like 48 hours and scared the crap out of them" that would scare most funders! yikes... why the abuse? did those fund elsewhere?

**Sean Cash** · 08-15-2013, 12:17 AM

Originally Posted by MCAVeteran

" 150 declines in like 48 hours and scared the crap out of them" that would scare most funders! yikes... why the abuse? did those fund elsewhere?

it was one of those situations where a funder said they were willing to take a look at deals we couldn't get done elsewhere. Some reps heard that and forwarded all of the deals that had gotten declined in the last 2 months to them without using any discretion. Ultimately I think those particular reps were asked not to send any more there, but others could.

**Chambo** · 08-15-2013, 12:49 PM

Originally Posted by sean bash

it was one of those situations where a funder said they were willing to take a look at deals we couldn't get done elsewhere. Some reps heard that and forwarded all of the deals that had gotten declined in the last 2 months to them without using any discretion. Ultimately I think those particular reps were asked not to send any more there, but others could.

Sean is being polite! Jared told folks to send all the declines there

**J.Celifarco** · 08-15-2013, 03:20 PM

TBB???? Who is that/

Honestly the list of companies that are not doing construction is shorter then the list of companies that are.. Maybe I am wrong but lately I have seen any Bank offering a bank only loan product is willing to look at construction deals

**J.Celifarco** · 08-15-2013, 03:22 PM

Sean it all started with one of my deals they were willing to let the merchant net like 30% of the funded amount, it got around the office next thing we new there were over 100 submissions

**Sean Cash** · 08-15-2013, 05:58 PM

a merchant netting 30% on an advance is news that spreads like wildfire

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