[bizloanbroker]

I was told by a close source to the company that former Pearl owners Abe and Meir now own Kings Cash.

[WestCoastFunding]

I was told by a close source to the company that former Pearl owners Abe and Meir now own Kings Cash.

Is that who owns it? I was told it was someone that used to be at YSC. Regardless, I'm a fan of their pricing.

[sigmundpannu]

What's their contact information?

[SFllc]

What's their contact information?

Bruce is Great to work with over there!
Bruce Gurvitsch
Director of Business Development
Direct: 212 659 6226
Fax: 212 537 0638
Email: Bruce@KingsCashGroup.com
Kings Cash Group, LLC
30 Broad Street | 12th Floor
New York, New York 10004

[WestCoastFunding]

Gonna agree that Bruce is good.

[nrh1lp]

Is that who owns it? I was told it was someone that used to be at YSC. Regardless, I'm a fan of their pricing.

What is their pricing like? I have seen them pop up on statements before but haven't looked much further into it. PM me if you don't want to post it on the board, thanks.

[Anthony@torro]

They do make very good offers and pay up to 14 I believe at 1.43. The last deal one of my ISO's did with them was a 6 month term.

[Keebler]

Hey SF & West Coast,

First of all, Bruce is awesome! What I heard was that Abe and Meir purchased equity in the company, however Mike and Albert are still the managing partners of KCG. I'm pretty sure they now have a ton of money to fund more

[USFUND]

Had to jump in and reference Andy,have been working with him for years, standup guy.

Andy Stone • ISO Relations • Kings Cash Group


Direct. (212) 547-3213

[funded]

Are they cash crunch as well got some crazy approvals from them I guess it's there high risk department not sure

[WestCoastFunding]

Are they cash crunch as well got some crazy approvals from them I guess it's there high risk department not sure

Yeah, apparently they've merged with cash crunch, and will offer really short term offers now, too. Like 2 month terms. I like what Kings is doing. So many new companies step into the space and offer no creativity. These guys are bringing creative products that can compete.

[ddm]

Bruce is the MAN

[ADiamond]

Yeah, apparently they've merged with cash crunch, and will offer really short term offers now, too. Like 2 month terms. I like what Kings is doing. So many new companies step into the space and offer no creativity. These guys are bringing creative products that can compete.

what is creative about paying 14% on a 1.43 6 month deal? or doing a 2 month term to lower the buy rate to let's say... 1.15?

sounds like the least creative thing imaginable not to mention i can name 3 companies off the top of my head that have been doing that for at least 2 years.

[GoodCustomerService]

Nice mood kill, Anthony.

[WestCoastFunding]

what is creative about paying 14% on a 1.43 6 month deal? or doing a 2 month term to lower the buy rate to let's say... 1.15?

sounds like the least creative thing imaginable not to mention i can name 3 companies off the top of my head that have been doing that for at least 2 years.

Actually, the creativity comes in their aggressive pricing/funding amounts, even if (especially) they know the merchant is going to fund with a longer term in front of them.

[AdvanceFund]

Actually, the creativity comes in their aggressive pricing/funding amounts, even if (especially) they know the merchant is going to fund with a longer term in front of them.

I know all the peeps at King's Cash. They are good people. Their box is 1-4th positions up to a few hundred thousand at a 1.29 buy rate.

[Chambo]

and last I heard, they do auto sales!

[mcaguru]

Chambo! long time no see!

[GoodCustomerService]

They don't do auto sales anymore, and hopefully nobody else still does.

[BB_Cooper]

They don't do auto sales anymore, and hopefully nobody else still does.

??? What's wrong with auto sales? There's still more than a few of us swimming in the deep end of that particular swamp-

[mcaguru]

Nothing wrong with the concept of used auto sales. I don't know anyone that consistently made money funding them. Most that do fund eventually stop.

[ADiamond]

??? What's wrong with auto sales? There's still more than a few of us swimming in the deep end of that particular swamp-

10% gross margin, 1% net margin is what's wrong with auto sales. pass-through revenue.

i was doing them for a while too but i've learned my lesson just as KCG has as well.

[mcaguru]

10% gross margin, 1% net margin is what's wrong with auto sales. pass-through revenue.

i was doing them for a while too but i've learned my lesson just as KCG has as well.

What other industries do you find default almost as high as Used Auto >?

[ADiamond]

What other industries do you find default almost as high as Used Auto >?

hard to say my friend. you have a book, why don't you tell us? i would say any of the major restricted industries - a lot of lenders ban trucking, financial services, real estate, etc - i suppose any type of broker-type of revenue or pass through revenue such as insurance because the deals are over priced and the offer inflated. low margin aside - nearly 60% of small businesses have a "low margin" but i'd say the ones with a very low cash flow are unable to keep up with high daily payments

[mcaguru]

hard to say my friend. you have a book, why don't you tell us? i would say any of the major restricted industries - a lot of lenders ban trucking, financial services, real estate, etc - i suppose any type of broker-type of revenue or pass through revenue such as insurance because the deals are over priced and the offer inflated. low margin aside - nearly 60% of small businesses have a "low margin" but i'd say the ones with a very low cash flow are unable to keep up with high daily payments

Landscaping / Excavation / Management / Miscellaneous-Financial

However we try our best and keep funding them.