[SFC]

I just got word. Unreal times.

No one is funding. Anyone who says they are is either lying, backdooring, or throwing money in the garbage (that's not called funding).

Industry is just dead right now. Hopefully we'll come back stronger than ever and I hope everyone rides it out, but for now, this is DONE.

[Franklin]

No one is funding. Anyone who says they are is either lying, backdooring, or throwing money in the garbage (that's not called funding).

Industry is just dead right now. Hopefully we'll come back stronger than ever and I hope everyone rides it out, but for now, this is DONE.

MOST are not funding, not no one. I saw two six-figure offers yesterday, both in the medical industry. Now it didn't go through the normal channels, the owner is underwriting the deal himself.





























www.UccRadar.com

[mb_]

We had 3 $100k deals go out on Friday and one was with a lender who had "suspended funding until further notice." 1. Medical distribution - latex gloves, face masks, etc. (no brainer) depositing $700k monthly and then $2M MTD, 2. Freight forwarding - food and beverage, depositing $500k monthly with 50% of that factored payments from a national supermarket chain (another duh), and 3. Waste management facility that was just clean. Strong balances and great A/R.

Granted, these were all MUCH lower approvals than they would have been pre-corona, but the industry is not dead. It's just changing again. If a deal makes sense, it's going to get done, but I think we're going to start seeing those daily ACHs slowly replaced by invoice factoring, real asset-based lending (not you, WBL), and PO financing, etc.

[blashley]

We had 3 $100k deals go out on Friday and one was with a lender who had "suspended funding until further notice." 1. Medical distribution - latex gloves, face masks, etc. (no brainer) depositing $700k monthly and then $2M MTD, 2. Freight forwarding - food and beverage, depositing $500k monthly with 50% of that factored payments from a national supermarket chain (another duh), and 3. Waste management facility that was just clean. Strong balances and great A/R.

Granted, these were all MUCH lower approvals than they would have been pre-corona, but the industry is not dead. It's just changing again. If a deal makes sense, it's going to get done, but I think we're going to start seeing those daily ACHs slowly replaced by invoice factoring, real asset-based lending (not you, WBL), and PO financing, etc.

Who does PO financing? TIA

[MCAking$$]

Trutttttthhhhhhhhh- does anyone know if Platinum Rapid Funding Group is still alive? they just stopped answering submissions, not even communicating and I heard a rumor that there was fraud involved in the business and they've shut down - I've submitted deals tho so I guess I should stop?