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12-01-2016, 11:31 AM #1
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,508
Buying future receivables or receipts are assets that may be secured by another party.
Most Senior Lenders either don't know their customer has taken a cash advance or have ignored it not to upset the relationship because the client is current on payments. If things go sideways, you can cool believe the senior lender or bank will defend their position.
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12-01-2016, 11:36 AM #2
I am having a hard time following what you are trying to say. The whole reason MCA can charge what they do is because we are buying future receivables this is an unsecured transaction. Once it is secured you are subject to different lending guidelines and need licenses depending on the state. You cant have it both ways either it is a LOAN or it is an MCA but what you are describing sounds like you are trying to be both at the same time which you cant do.
Also please let me know what you mean by SENIOR LENDERJohn Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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12-01-2016, 11:47 AM #3
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,508
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12-01-2016, 12:01 PM #4
I did not know that differentiated you from anyone else who helped facilitate funding for their clients. I dont think the products you offer makes any company different from another what matters is how the clients are treated and if the products and services they receive help or hurt them. No offense Senior Lender sounds like a title you gave yourself to make you sound superior to other people when you are doing the same thing as everyone else getting people money
John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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12-01-2016, 11:48 AM #5
- Join Date
- Nov 2014
- Location
- NYC
- Posts
- 187
David Obstfeld
Chief Executive Officer
SOS Capital
1330 Ave of the Americas, NY, NY 10019
212-235-5455
SOSCapital.com
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12-01-2016, 11:58 AM #6
what I read was a UCC with specific language to stacking which i did not think was possible , and SOS like you said most dont care which is why even if there is a magic UCC that people want to file it would require these companies taking the time to do a UCC search which i doubt they will do
John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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12-01-2016, 11:43 AM #7
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