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04-04-2016, 05:09 PM #1
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- Dec 2014
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Consolidations With NO ( ZERO ) Net Requirements
Bizbrella has had a tremendous amount of success with our consolidation program. Traditionally the merchant would have to net a certain percentage of the advance after paying off the existing balances. anywhere from 40% to 60% would be the "net amount" requirement.
Bizbrella will pay off multiple balances and the merchant does not need to net any of the advanced amount. The idea of this and why it has been so successful is because it will consolidate the current payments into just one payment that will in essence be a lower amount that the current amount being paid on a daily / weekly basis. This will save the merchant money and make his or her book keeping a lot easier.
Please contact me for more information. Any deal is worth taking a look at.
Thank you for your time.
Robert Menzel
www.bizbrella.com
Office: 516-299-8240
Cell : 631-235-3423
Email : rmenzel@bizbrella.comLast edited by Bank; 04-04-2016 at 05:11 PM. Reason: misplaced % symbol
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04-04-2016, 05:18 PM #2
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- Sep 2014
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- 720
not every deal with multiple advances, looking for zero-net is worth looking at, trust me lol.
that said, how many positions are you willing to pay off, what is max funding amount, nsf allowance, credit minimum - let's hear it. giving you the benefit of the doubt after a quick glimpse at your ondk-esque site and assuming you are an actual, direct lender.Last edited by anonymous; 04-04-2016 at 05:24 PM.
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04-04-2016, 06:05 PM #3
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- Dec 2014
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- 114
Michael I - my apologies in missing your question about commission. I responded to a few replies to my initial post and am now getting back to you. The commission is simple, the referral partner would be paid 25% of the total revenue earned by Bizbrella. For example a $100,000.00 advance could warrant revenue of $15,000.00 and the referral partner would be compensated 25% of that figure = $3,750.00 .
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04-04-2016, 06:07 PM #4
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- Jun 2015
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04-04-2016, 06:12 PM #5
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04-04-2016, 05:33 PM #6
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04-04-2016, 05:56 PM #7
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- Dec 2014
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Merchant will get terms similar to any Cash Advance deal. What ever they get approved for between 3 month to 18 months / Daily or Weekly payment if they are approved for a weekly / Factor rates anywhere from 1.18 to 1.50 . Every merchants situation / business is unique.
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04-04-2016, 05:44 PM #8
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- Sep 2014
- Posts
- 430
OP, your LinkedIn page is a joke. It says you have 15 years of experience in commercial finance and doesn't list a single company for which you worked. I also feel I should mention the two "jobs" listed only add up to 12 years and 5 months.
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04-04-2016, 05:48 PM #9
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- Jul 2014
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04-04-2016, 05:52 PM #10
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- Jul 2013
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04-04-2016, 06:00 PM #11
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- Dec 2014
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- 114
Yes, the vets Highway address is an old address we need to update on the web page. New Location is 114 Old Country Road , Mineola NY Suite 652.
Yes a couple guys here have had experience at WBL.
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04-04-2016, 06:23 PM #12
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- Aug 2015
- Location
- Boulder, CO
- Posts
- 755
This sounds similar to Power Up
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04-04-2016, 05:57 PM #13
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- Dec 2014
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- 114
You will be impressed with what I can do.
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04-04-2016, 05:53 PM #14
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- Dec 2014
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- 114
I appreciate your input CreditGuy. I have built a lot of experience that I should add to my LinkedIn page you are correct.
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04-04-2016, 05:46 PM #15
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- Dec 2014
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- 114
I agree with you that not every deal is worth taking a look at. My reasoning for saying such a thing is just to really try my best to make a great impression off the bat.
The amount of positions we will pay off is dependent on the cash flow of the business, daily average balance , and the total amount of the outstanding balances. If a merchant owes $100,000.00 between 4 different lenders and the daily payments add up to be $500 per day, what we would like to do is pay off the $100,000.00, stretch out the term and lower the overall daily payment. So this way merchant is saving money daily, weekly and monthly.
The MAX funding amount that we are doing right now with this program is $500,000.00
Credit Minimum is 600 UNLESS of course the revenue / daily balances are staggering, then an exception can be made.
NSF's are not an issue, we are more concerned about the amount of days the bank account is negative. If NSF's and negative balances are due to their current advance payments being too high or aggressive then we can make exceptions to that as well in order to make our payments more affordable.
Thank you for your questions.
Robert Menzel
www.bizbrella.com
Office: 516-299-8240
Cell : 631-235-3423
Email : rmenzel@bizbrella.com
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04-04-2016, 05:52 PM #16
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04-04-2016, 06:12 PM #17
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- Dec 2014
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Super ISO /Super Broker/ Funder/ Syndicate . We use every avenue in our network possible to get a deal done. Making 25% on the revenue of a deal is a lot better than 0% and not being able to help your merchant find a solution.
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04-04-2016, 06:26 PM #18
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- Jun 2015
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04-04-2016, 06:21 PM #19
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- Dec 2014
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- 114
I appreciate and respect all of you protecting your turf. I'm here to help. I know one post wont prove anything but over time actions will show my true intentions.
I do appreciate all your questions and feed back
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04-04-2016, 06:23 PM #20
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- Sep 2014
- Posts
- 720
Consolidations With NO ( ZERO ) Net Requirements
Pass.
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04-04-2016, 06:27 PM #21
Let's start with experience....
You say you have had "A tremendous amount of success..." OK, how long have you been doing these "super consolidations"? and don't lie with the typical sales BS "we have over X years in the financials sales industry...". Nobody has ever heard of you, so you are obviously new at this....so just try some honesty. Being located on Old Country Road, or Boiler-room Boulevard, already puts you at a disadvantage
You are dealing with folks here who have been to a couple rodeos, so trying "Sales Pitch 101" just won't work.
You'll get a lot farther if you come out with honest, realistic pitches. those pie in the sky, too good to be true pitches are just garbage.
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04-04-2016, 06:28 PM #22
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- Jul 2014
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04-04-2016, 07:06 PM #23
- Join Date
- Apr 2015
- Location
- Louisiana
- Posts
- 299
Consolidations With NO ( ZERO ) Net Requirements
He is looking for newbies on this forum. Not guys like FUNd and Chambo or a lot of the seasoned and experienced people on this forum.
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04-04-2016, 08:13 PM #24
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- Dec 2014
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- 114
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04-04-2016, 08:15 PM #25
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- Dec 2014
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funD your not rough on newbies at all, but there's no reason to doubt me right off the bat.
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