[ryan $]

#1 Tone? Read what you'd like into it, didn't mean any "tone". I'm glad you didn't compare me to Dave, that would have been devastating!
#2 Correct... I haven't heard anyone call him out for backdooring
#3 Fair enough question Ryan could answer. Just some guesses, but Ryan should be able to answer better: Could be he hasn't had a default yet? Could be that he's using a platform and syndicating some super-high percent? (I was once offered to fund a deal 100% on a funder's platform for a 7% fee.) Could be that he has about 30-40 files total and you haven't seen them. Something else?

Was Paying 8% to use the Platform. And had Plenty of Defaults.....Plenty of Slow Pays that went to Collections I would say, Overall performance was pretty solid.
Funded my Own deals. If the Deal was too high dollar amount wise than I felt comfortable with it would go out to syndicating partners....but at the same time we fund small deals, so didn't like kicking it out to syndicators.

[FlexibleCapitalSolutions]

If the Deal was too high dollar amount wise than I felt comfortable with it would go out to syndicating partners

so you still broker out?

[abfunders]

so you still broker out?

I'll ask the existential question I always ask: Who cares as long as you're getting paid the same 10 points? If the funder syndicates with other people's money to reduce risk, and gives you the SAME buy rate as you would had it been in house, but now it's an even better deal because it's more money, who cares if it's 100% Ryan's money, or 50%?

[FlexibleCapitalSolutions]

I'll ask the existential question I always ask: Who cares as long as you're getting paid the same 10 points? If the funder syndicates with other people's money to reduce risk, and gives you the SAME buy rate as you would had it been in house, but now it's an even better deal because it's more money, who cares if it's 100% Ryan's money, or 50%?

lol are you his lawyer?

[ryan $]

so you still broker out?

To answer your Question. If you an ISO sends us a deal, No it will not be brokered out. For the most part, we will just kick back an Offer or decline, and leave it at that. From time to time, If I see a file that I feel you as the broker, and myself, could make More money by Funding it elsewhere, I will Offer to send it out, and give you the reasons why I feel this way, and Often let you know which Lender I want to send it to, It's usually just one.

This mostly happens with Default deals, There are certain Funders that miss certain scenario's of defaults. So yea, I could offer a default deal at 8k 1.49 Over 20 Days. But if we could get a 80k, 12 Month 1.36 Done Paying 12-14 - Everyone Invloved is going to make more money, Except me maybe.

Just about Every Funder has started as a Broker, or Brokered at one point or the other. Granted there are a few that have never been brokers, but alot have, either with their current entity, or started as a broker elsewhere then founded a funding company.

Credibly is a pretty big Funder right? They Broker Deals as well to high risk companies. I won't tell you what I don't know as a fact, Is it Broker Submissions? They rework after 30 days, Or in House Generated files, Not sure.

Ideally, let's say I Fund 100% and don't Broker, I would lose Brokering the Inside Sales generated stuff that doesn't fit my box, Maybe there will come a time where I'm willing to fund 18 Month 1.30's but that isn't now, and I don't anticipate it being any time soon. I don't think i would ever stop brokering or having inside sales because each have a benefit, What's the alternative? On In House generated stuff that doesn't want a High Risk Offer, I do what? Throw it away? Start Selling Declined Leads? Lol- If i Decline a file in house, I throw it away? What about the money spent in generating that file? Im supposed to RAM a 1.40-1.49 Offer at them when It's a clean file? No. I'll Broker it Out...So for me, Inside Sales will always be there because the profit on In House Generated Stuff is more than Broker Submitted Stuff, and I don't think ill get rid of Broker Side because there is alot of Value in that, What would I do with the Stuff I generate In-House that doesn't fit my box? And I have enough Headaches without growing a Massive Inside Sales force to supplement not having brokers.

So at least for me, for now, maybe my opinion will change, No matter how big the funding side gets, as long as I have Inside Sales there is always going to need to be a broker side, I mean it just makes sense, I'm not going to Decline a file in House then not broker it, that is wasting money.

It Just comes down to being Open, and having trust with the brokers who send you files. If you send me a File to Fund In-House it will NEVER be sent out without your Permission, Sometimes I'll even kick back an In House offer and let the broker know like Hey, I think we can probably get him more if I send it to X,Y or Z..... - And that's taking Money out of my pocket for the benefit of the ISO and Merchant, because chances are my piddly 20%-30% co-brokering, I would of made more just funding the 10k in House.

Find me ONE person who has accused of us/ME SPRECIFICALLY of BACKDOORING, not Even on the Lender Side but even on the broker side....I encouraged ISO's to submit Applications with all contact info rescinded.

Have there been Issues? Yea...over the years, In 15 Years, I've been accused maybe 5 times of Backdooring. But I'm the asshole that will spend a few hours putting together a fake submission and sending it out to any questionable people i sent their file to, all with Emails and Phone Numbers in my Control (and Different on Each App) to weed out where the leak came from.

[FlexibleCapitalSolutions]

To answer your Question. If you an ISO sends us a deal, No it will not be brokered out. For the most part, we will just kick back an Offer or decline, and leave it at that. From time to time, If I see a file that I feel you as the broker, and myself, could make More money by Funding it elsewhere, I will Offer to send it out, and give you the reasons why I feel this way, and Often let you know which Lender I want to send it to, It's usually just one.

This mostly happens with Default deals, There are certain Funders that miss certain scenario's of defaults. So yea, I could offer a default deal at 8k 1.49 Over 20 Days. But if we could get a 80k, 12 Month 1.36 Done Paying 12-14 - Everyone Invloved is going to make more money, Except me maybe.

Just about Every Funder has started as a Broker, or Brokered at one point or the other. Granted there are a few that have never been brokers, but alot have, either with their current entity, or started as a broker elsewhere then founded a funding company.

Credibly is a pretty big Funder right? They Broker Deals as well to high risk companies. I won't tell you what I don't know as a fact, Is it Broker Submissions? They rework after 30 days, Or in House Generated files, Not sure.

Ideally, let's say I Fund 100% and don't Broker, I would lose Brokering the Inside Sales generated stuff that doesn't fit my box, Maybe there will come a time where I'm willing to fund 18 Month 1.30's but that isn't now, and I don't anticipate it being any time soon. I don't think i would ever stop brokering or having inside sales because each have a benefit, What's the alternative? On In House generated stuff that doesn't want a High Risk Offer, I do what? Throw it away? Start Selling Declined Leads? Lol- If i Decline a file in house, I throw it away? What about the money spent in generating that file? Im supposed to RAM a 1.40-1.49 Offer at them when It's a clean file? No. I'll Broker it Out...So for me, Inside Sales will always be there because the profit on In House Generated Stuff is more than Broker Submitted Stuff, and I don't think ill get rid of Broker Side because there is alot of Value in that, What would I do with the Stuff I generate In-House that doesn't fit my box? And I have enough Headaches without growing a Massive Inside Sales force to supplement not having brokers.

So at least for me, for now, maybe my opinion will change, No matter how big the funding side gets, as long as I have Inside Sales there is always going to need to be a broker side, I mean it just makes sense, I'm not going to Decline a file in House then not broker it, that is wasting money.

It Just comes down to being Open, and having trust with the brokers who send you files. If you send me a File to Fund In-House it will NEVER be sent out without your Permission, Sometimes I'll even kick back an In House offer and let the broker know like Hey, I think we can probably get him more if I send it to X,Y or Z..... - And that's taking Money out of my pocket for the benefit of the ISO and Merchant, because chances are my piddly 20%-30% co-brokering, I would of made more just funding the 10k in House.

Find me ONE person who has accused of us/ME SPRECIFICALLY of BACKDOORING, not Even on the Lender Side but even on the broker side....I encouraged ISO's to submit Applications with all contact info rescinded.

Have there been Issues? Yea...over the years, In 15 Years, I've been accused maybe 5 times of Backdooring. But I'm the asshole that will spend a few hours putting together a fake submission and sending it out to any questionable people i sent their file to, all with Emails and Phone Numbers in my Control (and Different on Each App) to weed out where the leak came from.

I understand what you are saying, and I may or may not agree with your reasoning for why you broker out.

In all reality there is a reason why people don't like to send deals to funders that broker out, and that is because you never know if your deals are getting shopped out or back doored. Especially from someone who has been accused of backdooring 5 times, by your own admission. How do we know that you wont be backdooring a 6th time?

Here is what we know so far, you didnt, until now fund on your own platform so you never show up in statements (convenient for a broker to say), you never show up in UCCs because you dont file them (convenient for a broker, I wonder how you collect without them) and no lawsuits.

So technically you could have funded a total of 3 deals and called yourself a funder and are using this to get people to send you deals. I am just asking questions the same way you have done to many others on this forum when you were admitting you were a broker.

I look forward to your answers.

Take a guy like Mr Kevin Henry - VP of Business Development Seacoast Business Funding... he never brokers out.

[ryan $]

I understand what you are saying, and I may or may not agree with your reasoning for why you broker out.

In all reality there is a reason why people don't like to send deals to funders that broker out, and that is because you never know if your deals are getting shopped out or back doored. Especially from someone who has been accused of backdooring 5 times, by your own admission. How do we know that you wont be backdooring a 6th time?

Here is what we know so far, you didnt, until now fund on your own platform so you never show up in statements (convenient for a broker to say), you never show up in UCCs because you dont file them (convenient for a broker, I wonder how you collect without them) and no lawsuits.

So technically you could have funded a total of 3 deals and called yourself a funder and are using this to get people to send you deals. I am just asking questions the same way you have done to many others on this forum when you were admitting you were a broker.

I look forward to your answers.

Take a guy like Mr Kevin Henry - VP of Business Development Seacoast Business Funding... he never brokers out.

Yes Under the Platform, Files have Defaulted and went to Court. Under the Platform they used COJ’s, even after NY Changed their Laws we used COJ’s from another State, Until getting rid of them. The Platform also filed UCC’s in the event of Default. I don't know who told you that you need to file a UCC to collect from a Client, you don't, many Funders do not use UCC's, many Funders abuse UCC's, and many Funders file UCC's in the Event of Default to warn other Funders. The UCC System for MCA's is pretty much a **** show. It;s DataMerch essentially at this point. I've seen UCC's filed BEFORE funding in attempts to deter competitors, UCCs filed for 4 years on a business that Never took funding. Etc. You don't need to file a UCC in order to Collect. Essentially you just need a good collections team. Since leaving the Platform, and Building our own System, and way to do things, we do Not file UCC’s. We have a Power of Attorney portion of our contract which helps with collections.

As for being accused of Backdooring….
5 times in 15 Years? You say that like it is a BAD thing. I'm actually pretty proud of the fact I've only been accused of Backdooring 5 times, especially when Operating in the high-risk space, and getting files after they have been shopped and declined, only then does the ISO send it your way to find a home. 5 times in 15 years? And 3 times, I was able to find out I was the Source, not myself, or my team, but someone we sent the file to. We looked at who we sent it to, got down to suspects we weren't 100% Certain on (If you can ever be 100% certain, all it takes is one employee at a company you have trusted for over a decade) and were able to send Seeded Applications out, and Catch the Same Random Company calling and Emailing Applications we sent to one place. After Identifying where it came from we reached out to the company and let them know what was going on so they could take appropriate action, apologized to the ISO and Moved on. Actually Funded the deal that spurred the accusation and investigation, and we still work with the ISO today.

In this Industry it happens, but telling our ISO's to scrub Contact data from Apps, and then (when they forget to) taking it upon ourselves to scrub the Contact Info (Emails and Phone Numbers) Replacing them with our google voice Numbers (we probably have 5,000 active google voice numbers for this purpose, Just as we do with In House Submissions that go out, HAS ALL BUT GOT RID OF ANY ISSUES.

The Fact is, I could have Funded 3 deals, and call myself a Funder. And, What would be wrong with that? Everyone has to start somewhere. Some of the Newer Companies Operate better than Funders whom have been doing this for YEARS!

In my experience Funders can sell you and say all the right things and then after you sign up it's a **** show, then other Funders you thought were a mess or were going to be a mess, turn out to be Amazing. Different ISO's have different opinions of Funders that completely contradict each other. In my experience its up to you to form an opinion, and you can only do that by seeing how they work. I can sit here and rebuttal you, and defend our/my name until I'm blue in the face, but that's not why I posted or what I'm interested in doing. I've seen Brokers whom attempt to pretend they are brokers, White Labeling, some who even try claiming they are Funders without White labeling, they just issue you an Approval, then send a Docusign out (Without CCing you - Specifically so you don't see the Lender whom is on the Contract, and then Pass a Number to you to Provide the Merchant for the Funding Call, the Number can't be attached to any lender, by design, I swear it is a ghost number) All in an Effort to APPEAR to be a FUNDER. I've gone back and forth with Owners of Companies, and ISO REPS whom Appear to have drunken the Koolaid their employers gave them, who truly may believe they are funding In-Hose and the various names of companies on the contracts are their Funding Partners. It's ****ing weird.

In reference to your Comment "I am just asking questions the same way you have done to many others on this forum when you were admitting you were a broker" - I have for a long time said that I broker and fund my own in house deals. I have co-brokered deals and funded In house deals for people on this forum. People on this forum have Syndicated on In-House deals with me, I have even let a Broker fund a deal via me 100% on his own, and he got 100% of the Daily Remit, renewed the deal twice actually. I can explain to you until I'm blue in the face that when you submit a deal to me for In-House funding it won't be brokered out.

But in the end I could say anything, send me a couple files, find out for yourself, rither you can run back here and say hey look Ryan was a ****ing dick, this and that, He issued me a White labeled contract from blah blah blah.

Or we can Fund some ****ing deals.

[FlexibleCapitalSolutions]

Yes Under the Platform, Files have Defaulted and went to Court. Under the Platform they used COJ’s, even after NY Changed their Laws we used COJ’s from another State, Until getting rid of them. The Platform also filed UCC’s in the event of Default. I don't know who told you that you need to file a UCC to collect from a Client, you don't, many Funders do not use UCC's, many Funders abuse UCC's, and many Funders file UCC's in the Event of Default to warn other Funders. The UCC System for MCA's is pretty much a **** show. It;s DataMerch essentially at this point. I've seen UCC's filed BEFORE funding in attempts to deter competitors, UCCs filed for 4 years on a business that Never took funding. Etc. You don't need to file a UCC in order to Collect. Essentially you just need a good collections team. Since leaving the Platform, and Building our own System, and way to do things, we do Not file UCC’s. We have a Power of Attorney portion of our contract which helps with collections.

As for being accused of Backdooring….
5 times in 15 Years? You say that like it is a BAD thing. I'm actually pretty proud of the fact I've only been accused of Backdooring 5 times, especially when Operating in the high-risk space, and getting files after they have been shopped and declined, only then does the ISO send it your way to find a home. 5 times in 15 years? And 3 times, I was able to find out I was the Source, not myself, or my team, but someone we sent the file to. We looked at who we sent it to, got down to suspects we weren't 100% Certain on (If you can ever be 100% certain, all it takes is one employee at a company you have trusted for over a decade) and were able to send Seeded Applications out, and Catch the Same Random Company calling and Emailing Applications we sent to one place. After Identifying where it came from we reached out to the company and let them know what was going on so they could take appropriate action, apologized to the ISO and Moved on. Actually Funded the deal that spurred the accusation and investigation, and we still work with the ISO today.

In this Industry it happens, but telling our ISO's to scrub Contact data from Apps, and then (when they forget to) taking it upon ourselves to scrub the Contact Info (Emails and Phone Numbers) Replacing them with our google voice Numbers (we probably have 5,000 active google voice numbers for this purpose, Just as we do with In House Submissions that go out, HAS ALL BUT GOT RID OF ANY ISSUES.

The Fact is, I could have Funded 3 deals, and call myself a Funder. And, What would be wrong with that? Everyone has to start somewhere. Some of the Newer Companies Operate better than Funders whom have been doing this for YEARS!

In my experience Funders can sell you and say all the right things and then after you sign up it's a **** show, then other Funders you thought were a mess or were going to be a mess, turn out to be Amazing. Different ISO's have different opinions of Funders that completely contradict each other. In my experience its up to you to form an opinion, and you can only do that by seeing how they work. I can sit here and rebuttal you, and defend our/my name until I'm blue in the face, but that's not why I posted or what I'm interested in doing. I've seen Brokers whom attempt to pretend they are brokers, White Labeling, some who even try claiming they are Funders without White labeling, they just issue you an Approval, then send a Docusign out (Without CCing you - Specifically so you don't see the Lender whom is on the Contract, and then Pass a Number to you to Provide the Merchant for the Funding Call, the Number can't be attached to any lender, by design, I swear it is a ghost number) All in an Effort to APPEAR to be a FUNDER. I've gone back and forth with Owners of Companies, and ISO REPS whom Appear to have drunken the Koolaid their employers gave them, who truly may believe they are funding In-Hose and the various names of companies on the contracts are their Funding Partners. It's ****ing weird.

In reference to your Comment "I am just asking questions the same way you have done to many others on this forum when you were admitting you were a broker" - I have for a long time said that I broker and fund my own in house deals. I have co-brokered deals and funded In house deals for people on this forum. People on this forum have Syndicated on In-House deals with me, I have even let a Broker fund a deal via me 100% on his own, and he got 100% of the Daily Remit, renewed the deal twice actually. I can explain to you until I'm blue in the face that when you submit a deal to me for In-House funding it won't be brokered out.

But in the end I could say anything, send me a couple files, find out for yourself, rither you can run back here and say hey look Ryan was a ****ing dick, this and that, He issued me a White labeled contract from blah blah blah.

Or we can Fund some ****ing deals.

I am not going to go through this whole thing, people can make their own decisions but basically this whole essay's point is that you have no proof that you fund deals regularly and you admitted you broker out ISO submissions on occasion. Maybe you end up being a great funder, I hope so, I wish you best of luck, and I look forward to it.

here is what interests me: Everyone has power of attorney on their contracts, and you are funding high risk deals so there are several people with Power of attorney before you. No-one honors the power of attorney, not a bank, not a processor, noone. which is why I doubt that you are collecting with this POA clause. Very questionable. I am curious as to how you use power of attorney to collect.

[ryan $]

I am not going to go through this whole thing, people can make their own decisions but basically this whole essay's point is that you have no proof that you fund deals regularly and you admitted you broker out ISO submissions on occasion. Maybe you end up being a great funder, I hope so, I wish you best of luck, and I look forward to it.

here is what interests me: Everyone has power of attorney on their contracts, and you are funding high risk deals so there are several people with Power of attorney before you. No-one honors the power of attorney, not a bank, not a processor, noone. which is why I doubt that you are collecting with this POA clause. Very questionable. I am curious as to how you use power of attorney to collect.

I have come to the conclusion, Your just an Idiot. I am being 100% Transparent and honest, and your zeroing in on certain things like "You said you broker out ISO submissions on occasion" Wtf are you talking about? Stop twisting what I'm saying. In reality I Broker out ISO Submissions EVERY SINGLE DAY. And have been doing so for almost 2 decades. There are 2 sides to my business, the Broker Side which I have been doing for 17 Years now. And the In House Funding side which I have been slowly getting more involved with year after year, started out Syndicating a while back, Funded a few of my own deals here and there, started providing in house offers to submitted files....on the broker side. Then took things a step further and signed on a few iso's here and there on the In House Funding Side. If you submit it to the In-House lending side, you will get an In-House offer, and once in a blue Ill suggest we try somewhere else (If it is obviously in the Broker who submitted the file's best interest, and if they agree i'll send it out, Never without permission - SO DON'T TWIST WHAT I AM SAYING - but 99.9 Percent of the time you will get an In-House offer or decline.

Let's just go down the History Books....
Yellowstone, Super Broker turned Super Funder
Paramount Merchant Funding (One of the Largest ISO's) - Is now Fora Financial
Uplyft Capital - Broker turned Funder (Also retains an Inside Sales Team)
Merchant Cash and Capital (Funding Side)& Next level Funding(Broker Side), Which eventually became Bizfi
Vital Started on Strategics Platform, Prior to Building their own

And that is just whom i can think of off the top of my head.

As for the Power of Attorney, Sure I've seen a Paragraph or something, I'm told our Addendum is alot stronger and more enforceable....but I am happy with the suggestions made by the collection firm we use, they came highly recommended from other funders I trust whom have let me see their collection numbers, and I am more than comfortable with our choices, the collection firm, the additions to our contract, and everything so far. I mean ****, maybe time will prove that you actually knew what you were talking about and we will have to adjust, pivot, and go a different route for collections.... but that is what GROWING involves.

I've never said I am something I wasn't nor tried to hide or not disclose anything I am doing. If ISO's want to Sign up and get In House deals only, that is what we are looking for. On the off chance i get a file that I feel sending it somewhere else will benefit everyone involved, I may make that suggestion, at the time the ISO can choose what they want to do, or make it clear they only want In House offers and tell me to shut the **** up, that is their choice, why they would rather have a 10k Offer over 30 Days when i see a Possibility for a regular deal, much higher dollar amount and much higher commission..... who knows.

That being said Brokers, Funders send me Files. I sometimes Co-Broker. There are relationships people have that I don't and relationships I have that others don't. I'm open with everyone, and have Indulged you for longer than I care to.

Want proof I fund? Send a file and fund it - then ask the merchant for a MTD.

[mistamca]

I am not going to go through this whole thing, people can make their own decisions but basically this whole essay's point is that you have no proof that you fund deals regularly and you admitted you broker out ISO submissions on occasion. Maybe you end up being a great funder, I hope so, I wish you best of luck, and I look forward to it.

here is what interests me: Everyone has power of attorney on their contracts, and you are funding high risk deals so there are several people with Power of attorney before you. No-one honors the power of attorney, not a bank, not a processor, noone. which is why I doubt that you are collecting with this POA clause. Very questionable. I am curious as to how you use power of attorney to collect.

You sound like a clown, to be honest. You asked a great question. Why isn't Ryan's company on statements, courts, or UCCs? He said that he runs it off another platform, which is not uncommon ( I actually did the same exact thing so I get it)
The amount of funders without any broker side is minuscule & the majority of those got crushed back last March ( I wonder why? )

Let's take a step back & consider how 99% of new/upcoming funders solicit on this forum. It is coming from a new account, says they fund A-Z, provides a Gmail submission address, and then spam every post in the last 2 weeks & a couple from last year. You ask them some simple, verifiable questions & then they just keep digging themselves in a hole while clenching onto the fact that they are a "direct funder"

Ryan's responses were long & detailed & then you just end up saying, "I am not going to go through the whole thing." Go pay the troll toll elsewhere

Ryan - congrats on the growth. My biggest regret when I built out my own funding platform? Not putting a bigger emphasis on servicing. It can go from manageable to a time-blackhole real quick. (Great problem to have because it is simply a growing pain but still)

[k lion]

ive seen SBLI many times on statements. Working one right now. Unless theres more than one SBLI. I realize this an old post.