[MCASPECIALIST]

Looking for lender that does not file ucc upfront. Please advise. Already have Quarterspot. Thank you!

[ShawnYSC]

Hello

I have ways of getting deals funded without UCC's being placed right away...

Please let me know if you need my help and any additional info that maybe relative ...

sthomas@yellowstonecapllc.com

Thanks

Shawn

[HDF]

Hello

I have ways of getting deals funded without UCC's being placed right away...

Please let me know if you need my help and any additional info that maybe relative ...

sthomas@yellowstonecapllc.com

Thanks

Shawn

Are you a direct lender on deals that don't file a UCC? Does your firm loan money?

[ShawnYSC]

Yessir. We directly fund, we directly pay out commission, we directly speak to your merchants.

On a case by case my underwriter may take into consideration certain situations such as the aforementioned to get it done. Yes the client will have to sign a COJ, however.

[HDF]

Does YSC file UCCs? What is your standard commission and loan rate?

[ShawnYSC]

I pm'ed you

[Michael I]

We directly speak to your merchant .
Huh come again

[HDF]

For the purposes of this thread's creator, Yellowstone is NOT a direct funder. Y'all can judge the rest of the issues. Including this one ^

[ShawnYSC]

Michael that was sarcastic.

HDC - if YSC is not a direct lender, I must have been working at another company for 5 strong years , funding millions of dollars in business with the same funders I see everyday. If you work in cash advances, this shouldn't even be a discussion. Read up

[HDF]

Name the funders Shawn. And especially the one that arranges to delay the UCC filing just for you.

[HDF]

And who is the funder on the contract? Or does that vary?

[HDF]

And why are your "commissions" so comparatively low? Can it be because there are so many people wetting their beak along the way on the business owner's back?

[HDF]

HDC - if YSC is not a direct lender, I must have been working at another company for 5 strong years

How long has Yellowstone been "lending" money to SMBs? Where is your chartered bank located?

[HDF]

Bueller??

[ShawnYSC]

There are several funders in house that will consider this, along with CEO approval this can happen. I'm not at liberty to discuss names and such, nor is it necessary for me to put out there for you to get what I'm telling you. BASED on Experience , it's not far'fetched or something that hasn't been done for some of my clients. Commissions are on a case by case basis depending on the rep you work with and volume you are sending. I sent you what I would pay on THAT deal to a new Iso that I have no history with. I could always adjust commission if there is a quality Iso relationship behind that one deal. I'm always up for discussion.

[HDF]

Safety Dance. Zero questions answered. Jibberish as usual.
https://www.youtube.com/watch?v=AjPau5QYtYs

[ShawnYSC]

I have no interest in swaying what you already assume to be true. You believed your own hype kid. And you apparently have a little more time on your hands than I do. Not interested in going back and forth ...let me get back to work. Have a good evening.

[AdvanceFund]

Looking for lender that does not file ucc upfront. Please advise. Already have Quarterspot. Thank you!

Hey, we are direct funders that do not file UCC up front.

[RobertTide]

TransMark Funding. They never file a UCC, nor a COJ, nor a PG of any kind. They believe those items fly in the face of a Merchant Cash Advance. How can it be an MCA if collateral is also gained? Hmmm, good question, for lots of people, I'm sure.

If you're brokering for a funder who gets COJ's upfront, guess who may be targeted first if/when regulation comes down? And maybe even the brokers who, at that point, may be deemed as un-licensed loan agents.

And before some jump on that "we don't get a PG" bandwagon, take a look at their merchant purchase agreement. Why do many refer to the Signer as the Guarantor? Sounds like a PG to me.

Be careful out there, choosing the wrong funder may put you in harm's way.

You can contact:
TransMark Funding
Jennifer Polito - Business Development
Jpolito@TransMarkFunding.com
Ph: 601-292-6998

TransMark Funding's ISO page is:

www.TransMarkFunding.com/iso

[RobertTide]

TransMark

Btw in case it matters, TransMark Funding only does 1st positions (or consolidations, paying off other positions), and the merchant must have a defined receivable they can purchase, such as credit card processing. But they're a direct funder and they go deep on their apps.

They only do 1st positions for several reasons...

First, doesn't everyone in the biz complain about being stacked? Then why is it fair to do the stacking?

Second, don't kid yourself, you're hardly ever doing the merchant a favor by allowing them to stack, even if you're getting paid to do so.

Third, the odds of default go up dramatically when a merchant stacks. You're also very likely dealing with a merchant who has no respect for the terms of their contract, as nearly everyone prohibits stacking.

Fourth, regulation. If/when regulation happens, many will point the finger at funders and agents who they claim did a disservice by burying merchants with stacking.

Stacking, in case you didn't know, is not good for anyone or our industry. It seems one of the primary reasons merchants stack is because agents like getting paid, not because it's good for the merchant.

[nrh1lp]

TransMark

Btw in case it matters, TransMark Funding only does 1st positions (or consolidations, paying off other positions), and the merchant must have a defined receivable they can purchase, such as credit card processing. But they're a direct funder and they go deep on their apps.

They only do 1st positions for several reasons...

First, doesn't everyone in the biz complain about being stacked? Then why is it fair to do the stacking?

Second, don't kid yourself, you're hardly ever doing the merchant a favor by allowing them to stack, even if you're getting paid to do so.

Third, the odds of default go up dramatically when a merchant stacks. You're also very likely dealing with a merchant who has no respect for the terms of their contract, as nearly everyone prohibits stacking.

Fourth, regulation. If/when regulation happens, many will point the finger at funders and agents who they claim did a disservice by burying merchants with stacking.

Stacking, in case you didn't know, is not good for anyone or our industry. It seems one of the primary reasons merchants stack is because agents like getting paid, not because it's good for the merchant.

Do you work for TransMark or are you an ISO? Just curious

[Yankeeman07]

Do you work for TransMark or are you an ISO? Just curious

I represent TransMark Funding.

[WestCoastFunding]

I'm pretty sure Expansion doesn't file a UCC.

[RobertTide]

Yes, I'm with TransMark, and primarily handle collections and legal. Jennifer Polito handles business development.

[LoanMe]

LoanMe does not file a UCC for Loans <$75k