Results 1 to 14 of 14
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05-04-2017, 08:03 PM #1
- Join Date
- May 2017
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- 21
Smart money/Dumb money
Which funders do you consider smart money? Which dumb money?
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05-04-2017, 08:48 PM #2
- Join Date
- Sep 2012
- Location
- New York, NY
- Posts
- 1,780
The smart money funders are the ones that are very selective and have low approval rates. They know exactly what fits in their wheelhouse and are willing to say no to everything else. The dumb money funders are the ones that try to fund almost everything and like to stack high risk merchants to the hilt.
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05-04-2017, 09:07 PM #3
- Join Date
- Oct 2016
- Posts
- 4,318
Smart money funders are profitable. Dumb money lenders aren't.
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05-05-2017, 10:32 AM #4
- Join Date
- Oct 2014
- Posts
- 260
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05-05-2017, 10:37 AM #5
I think consistency is the judge of this. If a company has a set of underwriting guidelines that they feel is profitable and sticks to them and they make money then they are smart. if a funder is trying to reinvent the wheel every month with new programs and different programs then even if they fund more deals chances are they will lose more money then they make
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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05-05-2017, 10:39 AM #6
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,508
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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05-05-2017, 10:46 AM #7
- Join Date
- Aug 2016
- Posts
- 831
smart money is wbl,they make over a 100% apr and have no risk due to collateral.Dumb money is the funding circles that can not make any money with rates to low and terms high.
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05-05-2017, 10:57 AM #8Karen37aGuest
Now I know why. Light bulb moment.
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05-05-2017, 12:26 PM #9
- Join Date
- May 2017
- Posts
- 21
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05-05-2017, 12:30 PM #10
my favorite are the funders who underwrite based solely on who gave the first position. Look ondeck funded them must be a good deal lets give them a second position. These are the guys who get my nomination for the dumb award
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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05-05-2017, 12:52 PM #11
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05-05-2017, 01:02 PM #12John 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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05-05-2017, 01:09 PM #13
- Join Date
- Sep 2012
- Location
- New York, NY
- Posts
- 1,780
It's called social proof. Many second rate funders are sheeple and blindly follow the big dogs. Saves money on underwriting expenses. Hey if it's good enough for them it's gotta be good enough for us! Percentage of gross revenue? WTF is that?
Last edited by MCNetwork; 05-05-2017 at 01:11 PM.
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05-05-2017, 05:27 PM #14
- Join Date
- Aug 2014
- Posts
- 194
Lol ask can and ondeck about that...
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