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- Lets get you onboard With Alliance Capital US LLCIn Everything Else·April 17, 2024Funding between 5K-200K •1st thru 7th position •Prior defaults and bankruptcies (if discharged) •20k minimum monthly revenue •Minimum 6 months’ time in business •B-D paper •We pay 10-14 points on commissions the same dayof funding •Renewals 8 points minimum •Same day approvals •Upfront underwriting, low decline rate in final •Weekly reporting to Duns & Bradstreet on merchants(2746
- Seeking Business Acquisition LenderIn Other Business Finance·March 4, 2024All, I have a client seeking a business acquisition loan and I'm looking for a lender that can help.27103
- HelpIn Everything Else·October 3, 2024Anyone due 401k lending ?3416
- Welcome to some of our newest members!In Everything Else·September 12, 2022@Dustin Jacobson @Paula Sborovsky @Fray Contreras @Andrew Bruder @Javier Alvarez @Frankie DiAntonio @Don Adams @Jaemes Bonanno @Chris Doster @Graham Lloyd @tomer malca @Armon Nezamabadi @Ramzi Balshe @Boruch Orzel @John Lehmann @Miles Masters @Jacob Saada Thanks for joining! If we didn't mention you we apologize for overlooking but feel free to comment below or start a new post. 😎34147
- Just announced our next mixer date and location!In Promotions·July 30, 2024We are excited to announce the venue for our next business lending/fintech industry networking event, Fort Lauderdale hotspot Moxies! Join fellow finance industry stakeholders on September 10th to network over a drink and incredible food on the restaurant's second floor looking over Las Olas Blvd. As we embrace our new venue, please note that while it offers a superior experience, this is a more exclusive event with limited capacity. We encourage you to secure your tickets promptly, as sales will cease once we reach capacity—this includes at-the-door ticket availability as well. Looking forward to seeing everyone there! @Joshua Karp @Sharon Guiliano @Yaniv Ben Hamo @Rodrigo Fritis @Paula Sborovsky @CLAUDE DARMONY @Maria Pappas @Paul Boxer @Julia Dunai @Jessica Reed @Bob Squiers @Joey Cohen https://www.funderintel.com/event-details/business-lending-industry-mixer-1-14117
- Top 3 MCA lendersIn Everything Else·October 9, 2024Hi wanted to reach and ask who are your top 3 lenders and why?4136
- 0% Interest $50-250k Business Credit StackingIn Other Business Finance·June 4, 2024Business Credit card stacking is the practice of applying for multiple credit cards in a particular order with specific contacts at the banks to access a more extensive unsecured line of credit. It works as an alternative financing solution for startups and small business owners, especially those who cannot qualify for a small business loan. All of the clients that MCA Shops cannot get funded due to low revenue, time in business, too many loans out, as long as they have a 700 credit score and an active LLC we can get them funded. If you are looking for more information about Business credit card stacking. Please reach out anytime. 443-742-4655 Zev Shekel Stack41318
- Do More, be more, they need more.In Everything Else·August 12, 202280% 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 Project3325
- Looking for a good PO financing lenderIn Other Business Finance·December 12, 2023I have a client with a purchase order of over 1m. looking to factor or finance. any help PLZ.3333
- Should you co-broker? Rick from Metromedia Talks About ItIn Everything Else·August 20, 2022Everyone 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!3328
- Need a Funder that doesn't require a PGIn Other Business Finance·February 26, 2024Hey 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, Anna3328
- North Avenue Capital now offering SBA 7a loansIn Other Business Finance·July 3, 2024If 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:2552
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