Results 26 to 50 of 135
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11-29-2016, 05:57 PM #26Karen37aGuest
...channin thats funny.
West Coast thats smart....good idea.
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11-29-2016, 05:58 PM #27
Their loans already come with a prepay discount.
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11-29-2016, 06:06 PM #28
- Join Date
- Jul 2015
- Posts
- 1,202
What is the company saying if anything?
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11-29-2016, 06:10 PM #29Karen37aGuest
BTW. If Wells is out...Does anyone think Web Bank or BOFI is staying in??????????????????????????????
Certain people are going to have to go to Large Hedge Funds, Large Brokerage firms or European Banks...I do not know of any other way to get money. And I heard some people are burned on the street.
Thats why I said weeks ago I was retaking the securities exam. .
Top Mca shops are going to make it out the other side... I am going to put my head down, grind it out...see you thereLast edited by Karen37a; 11-29-2016 at 06:15 PM.
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11-29-2016, 06:13 PM #30
- Join Date
- Apr 2013
- Posts
- 117
Wow.... terrible strategic communication from Can. Corporate recovery is going to be all over their entire portfolio tomorrow. "Your lender is going under....I can get you a deal"
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11-29-2016, 06:30 PM #31
- Join Date
- Jun 2015
- Posts
- 3,320
If they have colletaral with those numbers wbl can loan them 50 million .
Don't worry about how they can continue business if they pay a 1.7 lol
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11-29-2016, 06:33 PM #32
- Join Date
- Apr 2013
- Posts
- 117
Execs put on leave....this is fraud. Not a Wells Issue.
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11-29-2016, 06:42 PM #33
Although wells leads the pack they still have several syndicates to tap
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11-29-2016, 06:51 PM #34
- Join Date
- Apr 2013
- Posts
- 117
No dice. Exec go "on leave" for fraud.
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11-29-2016, 09:09 PM #35Karen37aGuest
Can Capital....Parris Sanz The Chief Legal officer and Compliance officer is stepping in to be acting Ceo....citing collections and underperforming assets
These Lending companies including On deck are citing competition and concerns that regulators will clamp down on their business model
And the regulation lie becomes the truth
.rate rate rate everyone running around not able to sell MCAs at a sustainable rates so they drop rate and call us rip off artists etc . Tell us we have no ethics.
No Ethics because I KNEW you cant sell a MCA that low.
Regulation concerns and too low rates...which is what I said would be the demise of everyone. I am not the Lender...why wouldn't I want the lowest rates possible?????????Last edited by Karen37a; 11-29-2016 at 09:35 PM.
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11-30-2016, 09:04 AM #36
- Join Date
- Nov 2014
- Location
- NYC
- Posts
- 187
Regulation concerns and too low rates...which is what I said would be the demise of everyone. I am not the Lender...why wouldn't I want the lowest rates possible?????????[/QUOTE]
Where do you see this as being the cause? "As the board and our leadership team conducted our business reviews and looked at how we can best position the firm for future growth, we self-identified that some assets were not performing as expected and that there was a need for process improvements in collections. It became clear that our business has grown and evolved faster than some of our internal processes. As we work to improve these processes, the Board has named twelve-year CAN Capital veteran and senior executive, Parris Sanz acting head of the company and promoted Ritesh Gupta to COO, while Dan DeMeo, CEO, and two other members of his team are on a leave of absence. Over the past 18 years CAN Capital has consistently made decisions to position ourselves for growth and leadership in the industry and we look forward to helping small businesses succeed for many years to come."
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11-30-2016, 09:18 AM #37
https://www.ft.com/content/80d919d2-...5-95d1533d9a62
"The disclosure from privately owned CAN, which says it has supplied more than $6bn of loans and other credit products to small businesses since it was founded in 1998, comes amid broad fears that a new crop of online lenders has extended more credit than customers and small businesses can cope with."
that is basically the definition of stacking
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11-30-2016, 09:28 AM #38
- Join Date
- Nov 2014
- Location
- NYC
- Posts
- 187
That's not what CAN said but what FT is. "we self-identified that some assets were not performing as expected and that there was a need for process improvements in collections." I heard that they were using old software that wasn't meant for daily payments and their process was killing them. Note that what I said is unconfirmed.
Last edited by soscap; 11-30-2016 at 10:06 AM.
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11-30-2016, 12:04 PM #39
- Join Date
- Dec 2013
- Posts
- 4,713
Can capital
Last edited by mcaguru; 11-30-2016 at 12:06 PM.
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
——————————————————————————
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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11-30-2016, 12:30 PM #40
so with CAN gone, Deal Struck gone and knight. What funders are stepping up and filling up that space?
What other funders will close up?
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11-30-2016, 12:33 PM #41Karen37aGuest
socap...I cant explain again ...read my old long winded posts
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11-30-2016, 12:49 PM #42
- Join Date
- Apr 2015
- Location
- Florida, First MCA sold in 85/ WS in 76. CFP/RIA, series 3,6,7,8,10,63,Ins218,220.
- Posts
- 554
DealStruck is not gone, just tightened underwriting.
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11-30-2016, 12:56 PM #43
- Join Date
- May 2014
- Posts
- 187
Looks like Funding Circle is tightening the belt too, required FICO increased from 620 to 660 recently. I wondering how their loans are performing.
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11-30-2016, 12:59 PM #44Karen37aGuest
I would take the can uccs if you were serious lol
Last edited by Karen37a; 11-30-2016 at 01:04 PM.
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11-30-2016, 01:12 PM #45
- Join Date
- Jul 2014
- Location
- Jackson Hole Wy
- Posts
- 726
got a lot of emails from other funders already advertising CAN is down send deals their way
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11-30-2016, 01:22 PM #46
- Join Date
- Nov 2014
- Location
- NYC
- Posts
- 187
https://www.crowdfundinsider.com/201...ts-operations/
"Although we are not currently originating new loans, we are continuing to provide our clients with the high-level of service they have come to expect from us. Over the past few years, we’ve helped thousands of small businesses create thousands more jobs, and we’ll be looking for strategic options to allow us to continue delivering on our mission to provide unique, appropriate, and affordable financing to small businesses nationwide."David Obstfeld
Chief Executive Officer
SOS Capital
1330 Ave of the Americas, NY, NY 10019
212-235-5455
SOSCapital.com
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11-30-2016, 01:23 PM #47
- Join Date
- Nov 2014
- Location
- NYC
- Posts
- 187
David Obstfeld
Chief Executive Officer
SOS Capital
1330 Ave of the Americas, NY, NY 10019
212-235-5455
SOSCapital.com
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11-30-2016, 01:25 PM #48
- Join Date
- Aug 2014
- Posts
- 620
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11-30-2016, 01:25 PM #49
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11-30-2016, 01:28 PM #50
- Join Date
- Sep 2014
- Posts
- 720
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