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80% of you may not know who I am; the other 20% are probably in shock to see me take time to dispense a nugget of information on a platform not run by Metromedia. That should tell you that you are in the right place to learn, network, and grow as a funder, a broker, or a service provider. That is not what we are here to talk about today. No... I don't want the spotlight on me, no parades, no pep rally meetings, and no B.S. No matter where you are in this industry, if you take nothing else from watching me on The Funded Project or working as a news reporter for M.C.C.N. News, I need you to understand this... Your merchant trusts you with their business the minute they start sending information about them or their business over to you in hopes that they obtain funding. They need you to do more than "just sell money." They need you to help them. How, or what, do I mean by helping them? Keep reading... Please become familiar with their business, shoot them some ideas in an email, and tell them about a deal on something they need when you find it. Merchant Cash Advances are not for everybody; if your merchant is taking one, it is a good idea to ask them how they will put the money to work to not only cover the payments but also make money doing it. I have seen merchants work with me for a few years, pay off and disappear and reappear years later with a more significant business or making more money from it. Many would consider that a loss, but it is not a loss; that is a success story. If you are a broker in this space, and you would like to work with us, we would like to hear from you. We will work hard to help you and your merchant find solutions for funding, web development, videography, advertising, and growth. Our payout structure is 50/50 for rookie agents all the way up to 80/20 for experienced agents. We also pay 15 points on web services and we finance them inhouse. You can build a great book of business with us, and always get paid out on renewals. We have lease buyback programs for property and some unique property backed programs too. We don't hide the funders for MCA's because anyone inside at Metromedia will tell you that selling MCA's is only a fraction of what you really make in business development. If you have been following The Funded Project on YouTube, or Facebook and wondered when we will be uploading a new episode, we want you to know it is coming soon. The project we are working on is hands-on. We have discussed many topics at The Funded Project, but now we are going to show you each one of them in motion. We did this by jumping into ownership of a few news stations online, and a startup handyman business. Working closely with a few friends from a local fire department that started up a towing business in partnership with our lawyer, we cannot wait to share this content because it is epic! Speaking of which, we have a fall festival coming up in October, what a fun season to launch this whole concept. I sold the virtual mall and video sharing platforms off to dump my money into these locals because we need to show the world how it is done, next season on The Funded Project

I have a client needing to purchase tools and equipment for his new business. Any funders out here that can help please message me! Sorry not interested in 0% credit card either.

I have a client with a purchase order of over 1m. looking to factor or finance. any help PLZ.

Everyone has been there, the deal you know that could fund, but it is not going to fund with your funders. You know that merchant will find the solution if you don't, and this is how you make a living. Sounds familiar doesn't it... Co-brokering a deal in the merchant cash advance space is dangerous because if you are not careful, you could be eating a bad deal and destroying a relationship you worked hard to build. Before you "jump in the car" on a deal, you need to look at who you are jumping in with. TIP #1 Talk to the funders about a possible co-brokering scenario before you start sending deals over. Find out if the other party is already signed up as an ISO; if they are, you should question why you should work with them if they could have gone direct. That should be a red flag. Of course, it will take the ISO manager of that funder to be honest about it and respect your relationship, and you won't be able to do this with everyone. You take a risk of that ISO manager going around you and onboarding that shop and cutting you out of the deal, which brings us to the next tip. TIP #2 Don't co-broker with someone you don't trust. Everyone needs to earn their keep, a co-brokering situation is great if you have someone that is good at opening deals, but the other party is better at closing them. Whichever company is holding the ISO with the funder is ultimately responsible for that deal, so you need to make sure that you trust the merchant and the broker. If you don't have a good feeling about it, don't do it. Pros and Cons Opening better opportunities for your merchant even outside of the merchant cash advance space brings value to your shop and to your relationship with your merchant. In an industry where backdooring is seen often; when you collaborate with another broker you should both work together to stay in control of the file. The cons are that you cannot control the relationship of the shop that has the ISO and you have to work with them, that is why it is important to only co-broker with someone that will earn their keep. We see several co-brokering scenarios at Metromedia Funding Solutions with the real estate backed deals like secured advances and lease buybacks. It should be a mutually beneficial relationship too. Why should you or when should you co-broker? First off, make sure that you are only co-brokering deals that you originated, they should not belong to another unsuspecting broker, the funders nor the ISO shops involved will not benefit because you still have a 3rd person controlling the deal. Co-brokering is good for shops that have minimum-sized deal requirements, some shops won't deal with micro deals while others do. Some shops do not deal with asset-based products, these are great candidates for a possible collaboration. Rick's take: Co-brokering is not to be used to "stack up merchants." It must be remembered that a stacked merchant is not a win for anyone. If you have a merchant that needs an asset-based product and you only sell merchant cash advances, it is a good idea to work with someone that is familiar with that space so you can get the deal done rather than just "signing up with someone." There is a flood of new ISO's in the space and deals that could close are often lost because the ISO is not aware of how labor intensive they can be. I have worked many of these deals with newer ISO's, and there are several veterans that have learned along the way it is better to work with someone that understands the space. Communication is key- in closing You have to have a strong communication base between the ISO shops, the funder, and the merchant, Be morally responsible, don't steal from each other, if that merchant contacts you directly you should be a stand-up person and make it known to the other shop. If you cannot trust the parties you are working with to do this, then do not co-broker with them. Earn your keep in every deal and work hard with each other, you will find that you get twice as much done in half the time. Follow me for more!

Hey all! Are there any lenders that do not require a PG? Caveats: No receivables to leverage One is a SaaS company with $300k in Revenue, TIB 3 years but Revenue Generating 1 year. Another one has inventory that is perishable with very lumpy Revenue Let me know! Thanks, Anna

If you don't have an USDA lender in your portfolio then North Avenue Capital should be at the top of the list. But they just announced they started offering SBA 7 loans so you have even more reason to become a partner with them. A person from NAC you should talk to is one of our site members @Jessica Johnston. She is a great person to speak to for these products as an industry veteran! Here is the info from the NAC LinkedIn post announcing the SBA 7a product offering:

Looking for a MCA friendly bank preferably in the Miami area. I have used Metropolitan and IDB before. TIA, Ed.

Does anyone write loans with ERC credits as collateral? I have 2 Clients looking for loans-4-5 month waiting period for funds. Anna Hunter ERC Advisors Group 912-220-7798 approvals@erc-advisor.com

Break Bread Lending is offering reps 7 points to file and "flash" their clients Employee Retention Tax Credits. 15% to client only to file- rep earns 6 points on the total credit value 20% to client only to flash- we package credits as a trade asset and execute a trade with our hedge fund to net the client 80% in 5-10 business days of a full submit. Reps earns 1 point. Commission is paid when client is paid. Rep would also get paid on whatever compensation they may have earned from the initial calculating and filing of the credits. 35% to file and flash- The rep will earn 7 points on the total credit amount within a month. (client is also fully filed and funded) Ex: rep would earn $70,000 commission within a month for a million dollar file. Client's are loving the white glove service, and being able to maximize the time value principle which is a financial principle that states the value of a dollar today is worth more than the value of a dollar in the future. This philosophy holds true because money today can be invested and potentially grow into a larger amount in the future. ISO partners and reps are also loving being financially free and achieving dreams beyond their wildest imagination. This is not hyperbole. It's starting to get pretty wild.., we're having fun, and clients are receiving exceptional service. There has never been an opportunity as unique as this. Phone:(877) 381-8338 http://www.ERCflashpass.com

We are looking for 2-5 reps. MCA Experience a plus but not necessary, and 2-5 Closers that make sure every approval is worked to the bone and hold themselves to the highest standard. If either of those sound like you, I am currently in the process of expanding and will have up to 10 desks open for the right people!! If you live on Long Island and have been looking for a long-term home to lay down roots and build an incredible career reach out and let's have a conversation and see if you're a fit. I am looking for hungry, self-disciplined and most importantly COACHABLE individuals to bring aboard our growing team. Shoot me a DM or Text/Email me with the subject "Funder Intel Job Post" Thanks Chris Oliveto Owner Bullhammer Business Solutions Coliveto@Bullhammer.org (C) 631-579-8628

Hi Guys, Along with your lending. I can provide credit card processing to the same merchant. I am looking for ISO's and ISV's to offer such services. Please PM me for details. I have all the banks and all the POS systems one could ever need. Thanks!

Invalid PSF's Merchant reaches out to me about a $80,000 bill he got from a broker for $3M SBA loan. He said all the broker did was refer him to a bank who handled the whole transaction. The PSF is invalid and not legal as far as the SBA is concerned and isn't justified for a referral. This is because the SBA doesn't recognize or allow any service fee for ANY SBA loan. The merchant signed the SBA note which clearly states something like: "I did not pay a lender search service fee for this loan". The lender will pay the broker a 1% referrral fee and that is all the broker is entitled to for this transaction. The wording on the PSF is just not something that is in the best interests of the merchant or this industry. You get paid by the lender for a referral and the loan may allow a broker fee if applicable. If you can't survive on that, please go find another industry to ply your trade. If you did supply services for compiling documents and assisting in the process, then yes you are deserving of a fee which the SBA allows on their form 159. The allowed amount is 2% up to $1M and 1/4% for amounts above $1M. The PSF has the following wording: "The Broker specializes in factoring and debt financing, aiming to provide insightful guidance through collaboration. Leveraging an exclusive network of lending professionals and industryexperts, I offer comprehensive services aimed at sourcing the best funding options for my clients. Unlike brokers who connect clients with a single or short list of lenders, I leverage my extensive network to secure the most suitable financing solutions. It's important to note thatwhile I am compensated for my services by my clients, I also receive compensation from the lenders with whom funding is arranged. This dual compensation structure enables me to keep my fees low, and remain impartial and focused on securing optimal financing terms for my clients.Transparency is paramount in my practice, and I am committed to openly communicating this arrangement to ensure clarity and trust throughout our partnership." Sooner or later this industry will be regulated and I hope that all of this nonsense goes away. Steve Benjamin Professional Business Loans 522 ContessaIrvine, CA 92620 steveprobiz@gmail.com https://probizloans.net/ Broker, Underwriter, general business loan expert 949.228.1050