[anonymous]

IT's not that they are necessarily doing second positions. They (like On Deck) look at their product as a true loan, and everyone else as a cash advance. Therefore, it isn't stacking, it is simply a different product.

Yet they would stack OnDeck which is also a "loan," making it a stack regardless. Plus if there are two advances outstanding, they won't stack a third. The number of cash advance positions they were coming in behind would be irrelevant by that logic. That said, (from what I've been able to gather) the scoring system is starting to cater a lot more to 1st than it is to 2nd. Don't get me wrong, it still pumps out great 2P approvals, merchant has to score out well though.

[thefundingdiaries]

I am not an UW and don't look under the hood on that side of the business...But it seems like landlord should cap rent from commercial and consumers at a specific % of the consumer or businesses cash flow. -(let alone uncle sam).

I may sound to people on the forum like a lunatic, I think if we brought rush Limbaugh and conservatives minds they will say we are treading in a very dangerous place if government should decide what is good for a business owner and what is not. Last week i decided to ask my friend who owns a bottle (for vitamins) company why he takes our capital? he was like Marcus your 65K allows me to stock up for a year from my Malaysian Manufacturer 90 days later your out of the scene and i book 1.2M in sales off that specific order.

what kind of guru doesn't look under the hood?

[mcaguru]

We got dozen plus people looking under the hood for us.

[MCNetwork]

Hi,

We are a Direct Lender in the MCA industry which specializes in multiple position (2nd to 10th)

Yeah but I'm looking for someone who does 11th to 20th positions...

[Jonathon]

10th position? wtf

[J.Celifarco]

Hi,

We are a Direct Lender in the MCA industry which specializes in multiple position (2nd to 10th), high-risk, low credit advances from $2,500-$70,000 in practically ALL industries.

I do a pre-credit underwriting on all deals that you submit so that my ISOs get immediate responses and same day funding. I am reachable from morning to night.

We are NOT an ISO and do not employ direct sales reps. We strictly work with ISOs like yours and are looking for strong, long-term and honest relationships.

We are currently accepting new ISOs and invite all DailyFunder members to reach out to discuss working together.


Dave Margolies
Director of ISO Relations

465A Central Avenue, Ste 128
Cedarhurst, NY 11516
Tel 866-856-7482 x108
Dave@MLFactors.com

please go away and never come back with your 10th position nonsense... BYE BYE

[VFG]

Damn i was really hoping he'd do a 13th position so i can send him this clean file..... Rolleyes!

[J.Celifarco]

Yeah but I'm looking for someone who does 11th to 20th positions...

MCN they used to but recently tightened their underwriting so nothing past 10th.. How is this real??? I dont get it

[MCNetwork]

You know we're in an industry bubble when new funders proudly advertise the fact that they do 10th positions...

[admin]

I'm disappointed that he posted the same thing 10x in a row and then didn't answer anyone's questions, including mine about how it is they "lend"

[mcaguru]

I leave for 1 day and i got to get the Mop out!

[nrh1lp]

I smell a ban coming

[mcaguru]

ban ?? NA! hes probably a good guy just new here and thinks offering 10th position is like when a hotels offering 4PM checkout.

[J.Celifarco]

nahhhhhh BAN

[AlexSMF]

Is IOU stacking now ? Our dozen+ Pre-underwriters/Scrubbers keep a list of evrey time we see an A paper house taking a 2nd and recently its been growing...

IOU has been providing 2nd positions for as long as I have worked with them. There is a difference between a 12 month 1.24-1.30 2nd to a 3 month 1.46 however.

[Vfunding]

Imagine if Funding sources industry wide all agreed to publish the name of the ISO of record in the inbound wire note. It would be clear when a broker brings a pristine deal to an A paper funder, then to 5 other shops in the next 2 weeks for 5 more positions. I am not here to judge this increasingly common act, but at the very least this kind of policy would create complete transparency throughout all segments of our industry. MAYHEM?!

[FUNd]

Director of ISO Relations

"Director". No. No. NO. If you don't have at least 20 subordinates or direct reports that are in middle management, you can't use the director title. Stop with this.

[J.Celifarco]

Imagine if Funding sources industry wide all agreed to publish the name of the ISO of record in the inbound wire note. It would be clear when a broker brings a pristine deal to an A paper funder, then to 5 other shops in the next 2 weeks for 5 more positions. I am not here to judge this increasingly common act, but at the very least this kind of policy would create complete transparency throughout all segments of our industry. MAYHEM?!

If someone funds a deal with an A lender then stacks on themselves the A lender should cut them off. Why anyone would do this kill the merchant and destroy their own renewal possibilities and also risk a relationship with a bank is beyond me.. Why??? To make a couple extra dollars now rather then a lot more money over the course of multiple fundings in the future. The short sightedness of some people is amazing

[TheShitzuofMCA]

I hear you, so much competition forcing funding companies to put money on the street. Most 1st position funding companies keep the hold back % between 12-15%, as you know this leaves room for stacking. 1st position companies are going to need to give more capital or find other ways to keep brokers loyal etc. If not it will continue in a growing industry. I have joined the "Dark Side".

[J.Celifarco]

I hear you, so much competition forcing funding companies to put money on the street. Most 1st position funding companies keep the hold back % between 12-15%, as you know this leaves room for stacking. 1st position companies are going to need to give more capital or find other ways to keep brokers loyal etc. If not it will continue in a growing industry. I have joined the "Dark Side".

not worth risking the relationship with the A paper banks

[TheShitzuofMCA]

I would have to Agree with you in 99% of the cases its not worth it.

[Chambo]

Hi,

We are a Direct Lender in the MCA industry which specializes in multiple position (2nd to 10th), high-risk, low credit advances from $2,500-$70,000 in practically ALL industries.

I do a pre-credit underwriting on all deals that you submit so that my ISOs get immediate responses and same day funding. I am reachable from morning to night.

We are NOT an ISO and do not employ direct sales reps. We strictly work with ISOs like yours and are looking for strong, long-term and honest relationships.

We are currently accepting new ISOs and invite all DailyFunder members to reach out to discuss working together.


Dave Margolies
Director of ISO Relations

465A Central Avenue, Ste 128
Cedarhurst, NY 11516
Tel 866-856-7482 x108
Dave@MLFactors.com

Margolies....did you used to work at Rickel?

[admin]

Re: running around posting like crazy that you're a "direct lender" and ignoring a simple question, read this:

http://dailyfunder.com/showthread.ph...6820#post46820