Results 1 to 13 of 13
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08-26-2016, 09:44 AM #1
- Join Date
- Apr 2015
- Location
- Florida, First MCA sold in 85/ WS in 76. CFP/RIA, series 3,6,7,8,10,63,Ins218,220.
- Posts
- 554
super G out of Cali?
Anyone ever do business with them?
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08-26-2016, 09:45 AM #2
- Join Date
- Oct 2014
- Posts
- 257
super G out of Cali?
Solid company for big deals. Just did a 5 million dollar deal with them.
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08-26-2016, 09:52 AM #3
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,484
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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08-26-2016, 09:58 AM #4
- Join Date
- Oct 2013
- Posts
- 45
super G out of Cali?
Asset based lender ran by Darren Ginsburg business model lending against recurrent revenue such as credit card processing residuals, insurance agent residuals , sas recurrent revenue
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08-26-2016, 10:01 AM #5
- Join Date
- Jun 2015
- Posts
- 3,322
john i guarantee you , you will be on here crying how they screwed you in a week .
they will fund a 5 million dollar deal , they will underwrite like crazy .however they took over the deal . now you can make up to 12 points but based on a rep there the average they wind up on paying is 1-3 % .
i had some other rep named devin that that promised me 12% . after 2 weeks my deal funded for 500k and super g response was "your" merchant doesnt feel you deserve more then 1 point . of course my merchant will say that as i was cut out for 2 weeks with him talking to them also .
bottom line if you are ok with 1-2 points then they are a company that can fund big deals on regular mca rates 12-18 months .Last edited by Michael I; 08-26-2016 at 10:29 AM.
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08-26-2016, 10:01 AM #6
- Join Date
- Sep 2012
- Location
- New York, NY
- Posts
- 1,780
Never heard of them but they seem to have a good mix of products for high end merchants
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08-26-2016, 10:07 AM #7
- Join Date
- Oct 2014
- Posts
- 257
super G out of Cali?
They took out an over advance on a big staffing deal so we could get them a 50 million dollar facility. Really solid group of guys over there. Even subordinated on the AR (which they don't usually do). Nothing but good things to say about those guys....and no they don't pay 12 points lol.
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08-26-2016, 10:08 AM #8
- Join Date
- Oct 2014
- Posts
- 257
super G out of Cali?
And yes they take over the relationship....rightfully so as they are giving the client millions of dollars.
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08-26-2016, 10:19 AM #9
Darrin Ginsburg posted on LinkedIn that Bob Sliker passed away 2 weeks ago. They posted a donation page for his family. Very sad news.
Last edited by Scott Williams; 08-26-2016 at 10:26 AM.
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08-26-2016, 10:29 AM #10
- Join Date
- Jun 2015
- Posts
- 3,322
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08-26-2016, 10:32 AM #11
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
Scott's right.. He was a nice man.. They're great for subordinating debt on larger deals once they wrap around the premise. Typically like firms with 10M or more per year in revenue.
Need to negotiate what your desired point structure is upfront. Pricing is similar to an advance with longer terms..
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08-26-2016, 11:04 AM #12
- Join Date
- Apr 2015
- Location
- Florida, First MCA sold in 85/ WS in 76. CFP/RIA, series 3,6,7,8,10,63,Ins218,220.
- Posts
- 554
It's actually on their website August 13.
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08-26-2016, 12:00 PM #13
- Join Date
- Jun 2015
- Posts
- 3,322
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