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Exclusive Mixer Hosted by Funder Intel, Join us! 🌟 Attention all small business lending, commercial finance, and fintech industry stakeholders! Funder Intel is hosting our next networking mixer on December 9th, 2024 at Moxies in Fort Lauderdale. Since our last one was SOLD OUT we thought why mess with a good thing?! 🔗 Why Attend? • Connect:  Forge meaningful relationships with fellow industry stakeholders. • Learn:  Gain insights from leading voices in the business lending and commercial finance sector. • Enjoy: cocktails and food in a great setting. 🎟️ Tickets Available Now! Secure your spot for this must-attend mixer! Online tickets are now available for purchase but act now because there is limited capacity and tickets will NOT be sold at the door. Hotel Option Hyatt Centric Las Olas Fort Lauderdale 100 E Las Olas Blvd, Fort Lauderdale, FL 33301 $235 per night on 12/9-12/10 Visit Hyatt Website Parking Options Parking on the Street, the lot on 2nd Street between 2nd and 3rd Ave (use the Airgarage app), and the garage nearby. Sponsorships are available for a limited time! Purchase HERE https://www.funderintel.com/event-details/funder-intel-industry-mixer-1

Article from CNBC KEY POINTS • The Employee Retention Credit, or ERC, was intended to be a financial lifeline to small businesses struggling to make ends meet during the pandemic. The government program led to the emergence of an industry focused on helping businesses claim these credits, with some taking large percentages of the awarded refunds for their services.  • In September, the Internal Revenue Service put a moratorium on new applications until 2024, citing “questionable claims″ and “fraud” concerns across the entire industry. The agency said it was looking into businesses who claimed the credit and ERC promotion companies that helped businesses submit applications to the IRS. • Innovation Refunds, an ERC consulting firm, was among the most visible advertisers promoting the credit to small business owners. It takes a 25 percent fee of the credit claimed for its work, after a business is paid by the IRS. • CNBC spoke to 20 former employees and contractors at the company, many of whom described a culture of aggressive sales of the ERC to Main Street. But others spoke well of both their time at the company and its practices, saying it complied with guidelines and helped small businesses access needed capital. The Employee Retention Credit was intended to be a financial lifeline (https://www.cnbc.com/2023/06/20/irs-weighs-guidance-for-employee-retention-tax-credit.html)to small businesses struggling to make ends meet during the pandemic. The government program, seemingly flush with cash, led to the emergence of an industry of its own, which focused on helping businesses claim the credits. Suddenly, a parade of ads (https://www.cnbc.com/2023/06/18/how-to-know-if-your-business-qualifies-for-employee-retention-tax-credit.html)encouraging businesses to apply for the credit were everywhere. Companies promised fast approvals and made statements claiming many businesses qualify for the Employee Retention Credit, or ERC. Some of the companies also took large percentages of the awarded refunds for their services.  Demand for the aid surged, as businesses deemed eligible for the credit could claim up to $26,000 per employee by submitting amended tax returns for years in which their operations were affected by Covid-19. In September, the Internal Revenue Service, the agency that processes these credits, put a moratorium on new applications (https://www.irs.gov/newsroom/to-protect-taxpayers-from-scams-irs-orders-immediate-stop-to-new-employee-retention-credit-processing-amid-surge-of-questionable-claims-concerns-from-tax-pros)until 2024. The agency cited “questionable claims″ and “fraud” concerns across the entire industry. IRS Commissioner Danny Werfel said the ERC program was not meant to become a “gravy train” for companies that promote and profit from the refund. The IRS has not named individual promotion companies or consultants. Innovation Refunds — a consulting firm that focuses on the ERC — was one of the most visible advertisers during the tax credit’s heyday. CNBC spoke to 20 former employees and contractors at varying levels of the company, many of whom requested to remain anonymous due to fears of retaliation. From many of those interviews, a picture emerged of a company focused on “aggressive” growth and sales of the product that some called “bullying” or “hound”[ing] of small businesses, up against a “shot clock” to cash in on the ERC. But others spoke well of both their time at the company and its practices, saying it complied with guidelines and helped small businesses access needed capital. How Innovation Refunds works On its website,(https://www.innovationrefunds.com/) Innovation Refunds makes it clear it is not a tax professional. The company is positioned as a middleman between small business owners and independent tax attorneys. Innovation Refunds markets to clients, determines if they are viable candidates for the credit and then collects businesses’ documentation. For its services, it charges a contingency fee, which amounts to 25% of the refund once it’s paid out to the business, according to its website. READ FULL STORY https://www.cnbc.com/2023/10/27/how-innovation-refunds-cashed-in-on-the-employee-retention-credit.html?qsearchterm=innovation

I am actively seeking to partner with a direct lender who can fund real estate deals. My clients require reliable financing solutions for various real estate ventures, including fix-and-flip projects, ground-up developments, and DSCR-based loans.

Meet Our Esteemed Sponsors This Thursday! Come on out on Thursday for your chance to meet our sponsors and so many others. Get there early to get your drink, and food, and network with all of the following sponsors: • Everest Business Funding • CFG Merchant Solutions • WeFund • Revenue Based Finance Coalition • Cloudsquare • Meridian Leads Read more about them in our blog post https://www.funderintel.com/post/meet-our-esteemed-sponsors-this-thursday Business Lending Industry Mixer https://www.wix.app/events/4c467abc-de81-4e85-8c91-08ed4fd1eba9/bc53a162-51a1-4aac-bd35-2b124e1dc92f/details?d=https://www.funderintel.com/event-details/business-lending-industry-mixer-Feb Comment below with any questions or if you are going. See you soon @CLAUDE DARMONY @Jeffrey Morgenstein @Diosalet Martinez @Joshua Karp @Matthew Washington @Leslie Lopez @Abel J. Fernandez @Marcus Clapman @Diane Marchese @Zev Sklar @Tiffany Pena

Looking for connect with lenders that offer business term loans and lines of credit. I can be reached @ andy@thenoevalgroup.com and look forward to hearing back. Thanks

Hey Everyone! I have a client looking for 2nd position funding to consolidate some current debt. If anyone is interested message me. I’d love to connect them with someone that will be able to assist him quickly

I need lenders that can do line of credit Or terms loans. Are their anyone that can?

Looking for an Lender that can help with an acquisition. Seeking: $12M Industry: Leisure Avg Revenue of company being acquired: $40M TIB: 16 years

If you are hiring, remote or in South Florida, we have people reaching out to us looking for work. Please drop a comment.

My name is Marcelo, and I run Shōkunin.   I am a licensed broker, certified exit planning advisor/business broker, State Bar certified mediator/receiver, and place capital for commercial real estate and small and lower middle market businesses.   While I have a very strong presence in commercial real estate finance, I am looking to build on my capital sources for business owners. Several of my existing lenders have become a little flaky or are busy asset managing a portfolio experiencing diminishing returns/NPL’s so they’re reluctant to write new business.   I would like to learn more about your lending capacity, appetite and underwriting guidelines to determine if you are good fit for my client pipeline.     I don’t do MCA and very little factoring. It’s just not a good fit for who I work with. My focus is mezzanine finance, private capital, working capital, credit lines, and term loans where a traditional commercial bank isn’t a fit because of timing issues or uneven revenue/NOI. I can do SBA 7(a)/504 blindfolded, but oftentimes the needs of my clients can’t sustain a 45-75 day credit review process.   Most of my clients are in the $5-75MM revenue range who are in unique situations – partner buyouts, litigation settlements, DIP financing, expansion capital (but don’t own the real estate).   Most of my deal sizes are $500K-$10MM for business capital requests.   I have two deals in hand.   $5MM – Partnership buyout/litigation settlement – Restaurant Operator - $30MM Revenues – Multiple locations in Southern California. Appraisal included for partnership buyout to settle litigation. Full package with tax returns, but would like to find faster capital instead of an SBA 7(a) process.   $500K - Working Capital Line – Healthcare Collections Company - $8M revenue, Uneven NOI, $440K in A/R, onboarding three new clients including Cedars Sinai and the County of Ventura (California) that will help create a turnaround story with working capital. Has been in business for nearly 40 years.   I know getting through administrative requirements for ISO can be overwhelming, but I can produce deals. I’ve done about $10MM so far with other alternative lenders in the last two quarters. Given the state of the economy, I believe 2024 will be quite busy.   If I can be a resource to you, I have a deep understanding of credit and underwriting, and have larger checkwriter relationships for commercial real estate and lower middle market companies. Happy to help co-broker deals as I have a small cadre eight brokers around the country that I help get their deals closed.   Thanks in advance.   Marcelo Bermudez, CEPA www.marcelobermudezinc.com(http://www.marcelobermudezinc.com) www.youtube.com/@shokuninamerica(http://www.youtube.com/@shokuninamerica)

I have a contraction deal 800 credit doing more than 7-00k monthly and he is looking for a offer with very low interet. He alrady turned down a 1.25% offer. He is looking for something omore like a line of credit or term loan that is fully unsecured. Rate in the teens or lower.