Coincidental deals - small world, or small industry?
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  1. #1
    Senior Member Reputation points: 50566 ADiamond's Avatar
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    Coincidental deals - small world, or small industry?

    Every now and again I come across deals that I can somehow relate to and it's somewhat awkward because it makes me wonder how small and tight-knit the industry actually is.

    Yesterday got a deal for a supermarket in Brooklyn, same zip code as where I live so I google map it - it's the market right across the street from my building where I shop all the time. So weird how it landed on my desk, through a sales company in Miami.

    Today I was looking through bank statements and saw that the merchant I was reviewing purchases supplies from another merchant I funded a few weeks ago. Wasn't a deal where one merchant referred the other to a MCA, just pure coincidence.

    I know the small business industry isn't THAT small, but these types of things really open my eyes to how intertwined we all are.
    Anthony Diamond
    Underwriter

  2. #2
    You got your own little "Credit Bubble" going on there.

  3. #3
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    Hence the reason why it is ever so important to do a good job and be respectful to ALL prospects, even if you can't help them. Someday, somewhere, somehow, they or a related opportunity will wind up on your desk.

  4. #4
    Senior Member Reputation points: 99408 ridextreme's Avatar
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    this only proves how much money we're leaving on the table when we don't ask our local business owners who we know and frequent on a daily basis if they need any cash

  5. #5
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    i had a deal that when i sent the contract to the merchant he asked me if he needs to fax this to me or can i go down 2 flights to give it straight to the lender .

  6. #6
    Senior Member Reputation points: 50566 ADiamond's Avatar
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    just had another deal, a restaurant that orders fish from a fisheries deal i had a few weeks back... so weird
    Anthony Diamond
    Underwriter

  7. #7
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    Quote Originally Posted by ADiamond View Post
    Every now and again I come across deals that I can somehow relate to and it's somewhat awkward because it makes me wonder how small and tight-knit the industry actually is.

    Yesterday got a deal for a supermarket in Brooklyn, same zip code as where I live so I google map it - it's the market right across the street from my building where I shop all the time. So weird how it landed on my desk, through a sales company in Miami.

    Today I was looking through bank statements and saw that the merchant I was reviewing purchases supplies from another merchant I funded a few weeks ago. Wasn't a deal where one merchant referred the other to a MCA, just pure coincidence.

    I know the small business industry isn't THAT small, but these types of things really open my eyes to how intertwined we all are.
    *Furiously Googles ADiamond's exact location and then cold calls every supermarket within a quarter mile...

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