Results 26 to 46 of 46
-
03-13-2018, 11:02 AM #26
Reputation points: 305250
- Join Date
- Jun 2015
- Posts
- 3,317
-
03-13-2018, 11:05 AM #27
Reputation points: 179851
- Join Date
- Jun 2017
- Posts
- 2,049
Lmao
-
03-13-2018, 11:13 AM #28
-
03-13-2018, 11:23 AM #29
Reputation points: 83840
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,914
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
-
03-13-2018, 11:26 AM #30Karen37aGuest
he is just going to look you up in Delaware or nevada
Also florida has "business tax" rules and certain areas are required to get a licence with the local building authority to do business...depends if you are in the inc villages or not
My area is split up so once of my offices had a licence the other didnt have to
There are also home based business rules...licence etc
-
03-13-2018, 11:32 AM #31
Reputation points: 83840
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,914
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
-
03-13-2018, 11:37 AM #32Karen37aGuest
-
03-13-2018, 11:55 AM #33
Reputation points: 83840
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,914
Then stop commenting - I made a simple statement - MCA are NOT LOANS!!
Look up the numerous Case Law regarding MCA.
If and when the regulations change, then I would abide by them, in the meantime we move forward.
Fact be known, I avoid most MCA products and I sure don't stack.Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
-
03-13-2018, 12:51 PM #34Karen37aGuest
**again this was posted.
(Ive seen and heard of many people arrested in various states. We are not regulated( its an advance not loan) but it drags you into compliance territory and the danger zone )
"we have to sustain the species" "mcas are not LOans they are advances" ....wow really you dont say
-
03-13-2018, 01:30 PM #35
Reputation points: 503040
- Join Date
- Oct 2016
- Posts
- 4,318
-
03-13-2018, 06:33 PM #36
Reputation points: 203690
- Join Date
- Jan 2014
- Posts
- 1,366
YOu can try LQD although hard to qualify I have not had any luck with approvals there yet. If merchant has real estate with Equity you can try Lift Forward. Sean is sometimes on here I forgot his handle, he is stand up guy though working deal with him now actually very nice one too.
-
03-13-2018, 06:35 PM #37
True Story -
Our office has seen kind of a lag or delays in follow-ups from Lendistry thru a few steps in the process. But they are still a solid option.
They usual go thru the SBA route and try to offer a loan in between. We have not been able to figure out the rhyme or reason .... yet...Jonathan Kohanoff
B.R.E. #01962090
Diamond Business Loans
Beverly Hills, CA 90211
jon@diamondbl.com
www.DiamondBL.com
-
03-13-2018, 08:14 PM #38
-
03-13-2018, 08:15 PM #39
Reputation points: 608
- Join Date
- Jun 2017
- Posts
- 15
-
03-14-2018, 08:37 AM #40Karen37aGuest
-
03-15-2018, 06:36 PM #41
Reputation points: 8659
- Join Date
- May 2014
- Posts
- 187
Be prepared for a very extensive stip list if you are dealing with lendistry. ALL UCC's must be cleared and they want the borrower to take out additional life insurance, and its the slowest process ever. One rep here funded a deal with them that took 4 months, and didnt pay ****
-
03-19-2018, 05:10 PM #42
Reputation points: 105
- Join Date
- Apr 2016
- Posts
- 103
If you have questions, contact Janet Perez. She will explain lending guidelines and fee structure. Also, RG identified what the potential fees could be surrounding this request. They are a lender and Janet can assist with clarifying their product.
https://htmlsigs.s3.amazonaws.com/lo...ransparent.png LinkedIn https://s3.amazonaws.com/htmlsig-ass...ets/spacer.gif https://s3.amazonaws.com/htmlsig-assets/spacer.gif
https://s3.amazonaws.com/htmlsig-assets/spacer.gif
Janet Perez / VP, Business Development
Janet.perez@lendistry.com / 714.615.3971
Lendistry
Office: 562.242.2993 / Fax: 562.475.4981
lendistry.com
-
04-21-2018, 10:19 AM #43
Reputation points: 68233
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
Sean, you're a great guy- and we get along. However as relates to this: the folks at Lendistry have demonstrated on a recent deal that they're not sure if they want to lend- or if they would prefer to act as an intermediary. They took 4 weeks to NOT do a deal for 250k over three years- that we are closing for 350k over 10. Their Underwriter was falling all over assets- while not paying attention to 500k in AR, and a client with a NOI of 300k from 2017!!! Not a clue. As for Ms. Perez- she tried to step in and assist- but was far from pleasant. If the SBA is faster than them- I can't fathom a situation where they would be useful- especially if they have a 3 year amortization as opposed to 10!
We have had considerably more success dealing regular banks, ABL's, and the Government -on term loans- than any of the folks mentioned. If however you are looking for subordinating debt, the folks mentioned previously might be able to help..
RG
www.businesscapitalconsultants.com
-
05-08-2018, 09:40 AM #44
Reputation points: 203690
- Join Date
- Jan 2014
- Posts
- 1,366
From what I heard Lendistry is going state by state getting gov backed money. I know they have Cali covered already thats why deals in Cali they close super quick, and some other states on west coast I believe not sure which ones specifically. But that is their plan
-
05-08-2018, 09:48 AM #45
Reputation points: 68233
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
The deal we brought them WAS A CALI deal.. The government closed the deal BEFORE THEY DID..
Unless they made a complete overhaul of their entire model/staff I can't see any value at all in working with them
-
10-10-2018, 02:57 PM #46
Reputation points: 10
- Join Date
- Oct 2018
- Posts
- 2
Similar Threads
-
ISOs charging their own fees.
By FoxIso in forum Merchant Cash AdvanceReplies: 52Last Post: 01-08-2016, 02:06 PM -
Charging a Professional Service Fee (with lenders who allow it ofc)
By WhiteHorse in forum Merchant Cash AdvanceReplies: 0Last Post: 05-13-2015, 07:41 PM -
Charging for leads after the sale
By Project Starter in forum Merchant Cash AdvanceReplies: 4Last Post: 09-03-2014, 02:19 AM -
Merchant Cash Group offering to pay fees instead of charging them!
By HeatherF in forum Merchant Cash AdvanceReplies: 3Last Post: 02-26-2013, 02:36 PM