[FlexibleCapitalSolutions]

Sorry about that, I gave my old email, which has since been changed to another Employee, Its weird how Google, if you Change an Email to a New Email (In this case Ryan@ was changed to Jeron@) Emails to Ryan@ will still goto Jeron, and you will be unable to get Ryan@ back into the System. Hence my new correct email is RyanP@SBLFunding.biz - However Ryan@SBLFunding will still goto my coworker as you can see below, we received and responded to DF Hall Monitor Dave's Email...... but yea, correct email is RYAN@SBLFUNDING.BIZ - Friday was a hectic day

I have never seen you on statements, on court cases, or UCC searches. Are you sure you are not just a broker pretending to be a funder?

Also you claim to have all this technology but cant get your email to work, sounds a little fishy.

[abfunders]

I have never seen you on statements, on court cases, or UCC searches. Are you sure you are not just a broker pretending to be a funder?

Also you claim to have all this technology but cant get your email to work, sounds a little fishy.

Ryan's been here a VERY long time. From his posts on the form, he's not the type of person to broker out without telling you what he's doing. He's told everyone about this new high-risk thing he's been doing for quite a while. In fact, I think that most funders started out this way. And if they didn't, they're participating in a material way on the deal themselves, until they make enough to do it themselves, or they find an investor and do it "themselves in house" or whatever you call it.

[FlexibleCapitalSolutions]

Ryan's been here a VERY long time. From his posts on the form, he's not the type of person to broker out without telling you what he's doing. He's told everyone about this new high-risk thing he's been doing for quite a while. In fact, I think that most funders started out this way. And if they didn't, they're participating in a material way on the deal themselves, until they make enough to do it themselves, or they find an investor and do it "themselves in house" or whatever you call it.

3 points

#1 Watch your tone with me, you are no Kevin Henry- VP Business Development Seacoast Business Funding to be speaking to me like that
#2 He's been on here as a broker for a long time.
#3 I still haven't seen him on statements, UCC searches or anything that would indicate he is a funder. Your answer told me absolutely nothing, I am not doubting he can be a funder, but I think we need to see some proof before believing it. Ryan himself has called many people out on DF over the years, why would he hold himself to a different standard?

[abfunders]

3 points

#1 Watch your tone with me, you are no Kevin Henry- VP Business Development Seacoast Business Funding to be speaking to me like that
#2 He's been on here as a broker for a long time.
#3 I still haven't seen him on statements, UCC searches or anything that would indicate he is a funder. Your answer told me absolutely nothing, I am not doubting he can be a funder, but I think we need to see some proof before believing it. Ryan himself has called many people out on DF over the years, why would he hold himself to a different standard?

#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?

[FlexibleCapitalSolutions]

#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?

the fact that you confused; Kevin Henry- VP Business Development Seacoast Business Funding for Dave? that shows me you have not been in this business long enough, Kevin Henry- VP Business Development Seacoast Business Funding is a legend in this business. He is known for cold calling 50 people and closing 48 deals with 2 of them being wrong numbers.

Also I doubt with how aggressive Broker Ryan claims he is he hasnt had a default, lets be realistic, with your logic, hes either not as aggressive as he says and has like 5 deals he funded or he is not funding at all and just brokering.

[Steven_O]

the fact that you confused; Kevin Henry- VP Business Development Seacoast Business Funding for Dave? that shows me you have not been in this business long enough, Kevin Henry- VP Business Development Seacoast Business Funding is a legend in this business. He is known for cold calling 50 people and closing 48 deals with 2 of them being wrong numbers.

Also I doubt with how aggressive Broker Ryan claims he is he hasnt had a default, lets be realistic, with your logic, hes either not as aggressive as he says and has like 5 deals he funded or he is not funding at all and just brokering.

Someone just showed their weakness... Micah is a legend.

[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%?

[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.

[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.

[Kevin Henry-Seacoast]

3 points

#1 Watch your tone with me, you are no Kevin Henry- VP Business Development Seacoast Business Funding to be speaking to me like that
#2 He's been on here as a broker for a long time.
#3 I still haven't seen him on statements, UCC searches or anything that would indicate he is a funder. Your answer told me absolutely nothing, I am not doubting he can be a funder, but I think we need to see some proof before believing it. Ryan himself has called many people out on DF over the years, why would he hold himself to a different standard?

Can you please stop mentioning me in threads? On another note: I resigned from Seacoast yesterday.

Best,

Kevin