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  1. #1
    Senior Member Reputation points: 7360
    Join Date
    Aug 2015
    Location
    Boulder, CO
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    Best Banks for Lenders

    We are a direct funder and have been using M&T as our bank for the last seven years.

    Even though we are not a MCA lender (we do monthly payments, not daily), they have unilaterally determined that we are, and they no longer want us to work with them (even though we move millions through our account monthly with large balances, so go figure). Apparently, they redline the MCA industry and think that is what we do. This might be a blessing in disguise, since they have been difficult to work with.

    Anyway...do any of my esteemed colleagues have some recommendations on the best banks to work with?

    We are ideally looking for an intuitively easy platform, with the ability to move a lot of funds in and out via ACH and wire.

    Thanks in advance,

    Dan Page
    Funding Strategy Partners
    dan@fundingstrategypartners.com

  2. #2
    Senior Member Reputation points: 54989
    Join Date
    Dec 2013
    Posts
    4,713

    Wells Fargo.
    Marcus Clapman | Business Development | Cresthill Capital
    (High Commissions Payout Group)
    覧覧覧覧覧覧覧覧覧覧覧覧覧
    Tel: 917-521-6528 | Fax: 212.671.1473
    Email: bizdev@cresthillcapital.com
    http://www.cresthillcapital.com

  3. #3
    Member Reputation points: 11
    Join Date
    Apr 2015
    Location
    New York City & Florida
    Posts
    82

    Quote Originally Posted by dpFund View Post
    We are a direct funder and have been using M&T as our bank for the last seven years.

    Even though we are not a MCA lender (we do monthly payments, not daily), they have unilaterally determined that we are, and they no longer want us to work with them (even though we move millions through our account monthly with large balances, so go figure). Apparently, they redline the MCA industry and think that is what we do. This might be a blessing in disguise, since they have been difficult to work with.

    Anyway...do any of my esteemed colleagues have some recommendations on the best banks to work with?

    We are ideally looking for an intuitively easy platform, with the ability to move a lot of funds in and out via ACH and wire.

    Thanks in advance,

    Dan Page
    Funding Strategy Partners
    dan@fundingstrategypartners.com

    Dan when you have a chence please call me at 917 651 6834 George

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