Results 1 to 25 of 26
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09-28-2022, 10:23 AM #1
- Join Date
- Jun 2020
- Posts
- 13
Lenders Similar to Forward Finance
Who would you guys recommend are similar to Forward Finance?
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09-28-2022, 11:16 AM #2
- Join Date
- Aug 2021
- Posts
- 120
We compete with Forward often - reach out for our UW Guidelines.
6-12 Month Terms
1st to 3rd Pos
Funding up to $750K
Daily & WeeklyAndrew@efinancialtree.com
eFinancial Tree
C: 815 260 0284 (Call or Text)
Submissions@efinancialtree.com
https://www.efinancialtree.com/
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09-28-2022, 11:23 AM #3
- Join Date
- Jan 2019
- Posts
- 140
Would you say its ethically correct for a funding company to hold off on sending a payoff letter that a merchant requested, so that they can internally underwrite the deal and try to get them an offer before losing them to someone else?
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09-28-2022, 11:29 AM #4
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,471
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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09-28-2022, 03:54 PM #5
- Join Date
- Sep 2022
- Posts
- 12
newco i believe
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09-29-2022, 12:14 AM #6
- Join Date
- Dec 2021
- Posts
- 637
EBF & Fundworks would be in that box.....Capybara Capital you'll have to try for yourself to know !
Marcus Clapman
Capybara Capital
marcus@capybarausa.com
www.capybarausa.com
646-708-5986 (Text Friendly!)
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10-18-2022, 04:57 PM #7
- Join Date
- Oct 2022
- Posts
- 24
Herman Ospina
ISO Rep:
(O): 347 899 4677 Ext 1111
herman@advantagecapitalfunding.com
Advantage Merchant Funding
104 E. 25th St.10th FL.
NY, NY 10010
advantagemerchantfunding.com/
Offers up to $2mm
Merchants 1+ years in business
Businesses with minimum 20k average
monthly revenue (30k for trucking)
A - C Paper Type
Fund all positions, as long as there is room
Terms ranging from 3-10 months
With buy rates ranging from 1.27 - 1.37
Credit scores over 500 (Min 525
for trucking & 625 for construction
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10-19-2022, 11:36 AM #8
- Join Date
- Nov 2019
- Posts
- 667
My company tmrnow is competitive with any funder if we like the file and fits in our box on the first deal. Our renewals on first position deals beat anyone other funder out there. We do not refinance the merchants balance to charge the merchant double and shortens the original term. We work like a credit line in a way were we will just add on the money to the back of the open balance which extends the term out longer and they payment stays the same and when the old is finished then the new balances starts getting paid into.
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10-19-2022, 11:50 AM #9John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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10-19-2022, 12:20 PM #10
- Join Date
- Nov 2013
- Posts
- 598
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10-19-2022, 01:21 PM #11
- Join Date
- Nov 2019
- Posts
- 667
You are right it is not the same. We are not conservative we are smart and use and protect our own money. We will not take over 25% of the merchants gross if they have strong daily balances and less than that if they do not keep strong daily balances. Most business have a 15-25% profit margin after all expenses so how can they afford to pay out over 25% of the gross. So we rather decline a file than give a 3 month term at 1.499 and 10% in fees.
Even with our guide lines we are funding millions a month and have brokers renewing there merchants 5-15 times over the last few years. This is because we look at what the merchant can afford and we have a very low default rate.
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10-19-2022, 02:23 PM #12
- Join Date
- Apr 2021
- Posts
- 92
Nobody will win every deal but from my ISO's feedback, Lifetime tends to beat or match on both dollar amount and term with the funders mentioned with a maximum term of 11 months and generous early payoff discounts to further incentivize your merchants on taking the additional funding
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10-20-2022, 02:04 PM #13
- Join Date
- Dec 2019
- Posts
- 158
Right here. Info in signature.
Thank you,
Joseph Vaknen
Business Development
SuperFastCap
Direct: (646) 546-3866 (Text or Call)
E-mail: Joe@superfastcap.com
www.superfastcap.com
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10-20-2022, 03:53 PM #14
- Join Date
- Dec 2021
- Posts
- 637
Marcus Clapman
Capybara Capital
marcus@capybarausa.com
www.capybarausa.com
646-708-5986 (Text Friendly!)
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10-21-2022, 09:54 AM #15
- Join Date
- Mar 2016
- Posts
- 904
CFG Merchant Solutions competes heavily with Forward - feel free to reach out, ill appoint you an iso rep.
Thank you,
Lior Monus
Business Development Manager
CFG Merchant Solutions
Direct: (646) 880-6764
Cell: (516) 319-5826
Fax: (646) 278-7322
Lmonus@cfgms.com
180 Maiden Lane New York, NY 10038
www.cfgmerchantsolutions.com
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10-25-2022, 01:09 PM #16
- Join Date
- Dec 2018
- Location
- 48 Wall St. New York, NY 10005
- Posts
- 271
We always compete with Forward. Feel free to reach out to discuss our guidelines.
Jeff Pecori
Business Development & ISO Relations
VitalCap Fund | 48 Wall St. | New York, NY 10005
P. 850.630.7509 Ext.101 | F. 646.219.7949
jeff@vitalcapfund.com
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10-25-2022, 01:21 PM #17
- Join Date
- Aug 2019
- Posts
- 159
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10-25-2022, 01:39 PM #18
- Join Date
- Dec 2021
- Posts
- 637
There is Compete and there is Compete!! I'd rather have 2% of the EBF/Fundworks/Forward then 80%% ownership of most that brag they compete with these behemoth's.
Marcus Clapman
Capybara Capital
marcus@capybarausa.com
www.capybarausa.com
646-708-5986 (Text Friendly!)
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10-26-2022, 11:29 AM #19
- Join Date
- Dec 2019
- Posts
- 158
Want in? Sorry, i'm busy working and can't spend much time on here. Got ISO's and merchants to service.
Thank you,
Joseph Vaknen
Business Development
SuperFastCap
Direct: (646) 546-3866 (Text or Call)
E-mail: Joe@superfastcap.com
www.superfastcap.com
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10-26-2022, 12:16 PM #20
- Join Date
- Dec 2021
- Posts
- 637
Last edited by MCA-VET; 10-26-2022 at 12:19 PM.
Marcus Clapman
Capybara Capital
marcus@capybarausa.com
www.capybarausa.com
646-708-5986 (Text Friendly!)
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10-26-2022, 12:33 PM #21
- Join Date
- Dec 2019
- Posts
- 158
Thank you,
Joseph Vaknen
Business Development
SuperFastCap
Direct: (646) 546-3866 (Text or Call)
E-mail: Joe@superfastcap.com
www.superfastcap.com
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10-26-2022, 12:41 PM #22
- Join Date
- Oct 2022
- Posts
- 24
Hi My name is Herman. I’m with Advantage Capital Funding. We are a Direct Lender. I’d love to help you find a home for your deals and do business together. Click on the link for a copy of our funding guidelines. Please let me know what I can do for us to work together.
We CAN fund
Offers up to $2mm
Merchants 1+ years in business
Businesses with minimum 20k average
monthly revenue (30k for trucking)
A - C Paper Type
Fund all positions, as long as there is room
Terms ranging from 3-10 months
With buy rates ranging from 1.27 - 1.37
Credit scores over 500 (Min 525
for trucking & 625 for construction
Regards,
Herman Ospina
ISO Rep:
(O): 3478994677 Ext 1111
herman@advantagecapitalfunding.com
Advantage Merchant Funding
104 E. 25th St.10th FL.
NY, NY 10010
advantagemerchantfunding.com/ Facebook icon LinkedIn icon Instagram icon
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10-26-2022, 01:04 PM #23
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10-26-2022, 03:04 PM #24
- Join Date
- Oct 2021
- Posts
- 20
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10-27-2022, 10:52 AM #25
I suggest Supreme
Supreme Funding shares the same high-risk box as FF. We also pay up to 15 points for B+ deals. Give us a try
We specialize in funding:
Deals w prior Defaults
"Over Leveraged" deals
All Positions (as long as there is space)
Low FICO scores
and all other "difficult" deals
To submit a file or to request an ISO Agreement, kindly email underwriting@supremefunding.net.
I look forward to hearing from you.
Rasheed Miller
(917) 933-3095 (text or call)
https://supremefunding.net/
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