Tuesday, October 13
Clean file, just outside my box. Brooklyn Italian spot, 11 years, $92K/mo avg deposits, one existing position paid down 70%. Paying 3 points to whoever places it.
QuickFund Direct — program update. Same-day funding now available up to $150K on files submitted by 11am ET. Commission bumped to 12 points on renewals through Q4. Construction is back on the menu.
Trucking, 14 trucks, $1.1M annual. Federal tax lien on a payment plan — 9 months of on-time installments. Who's taking liens right now? Not wasting anyone's time with the usual suspects.
POS split vs ACH on seasonal beach restaurants — anyone seeing better performance on splits during the off-season? Funders keep quoting me the same factor either way.
Dental group opening location #3. 740 FICO, owner has strong personal liquidity. Better fit for a term product, but they want speed. Open to a co-broke.
Q4 inventory deal for a Shopify store — seasonal spike is real, 3 years of Nov/Dec deposits to back it. $50K ask.
Pearl is pausing trucking under 2 years TIB until further notice. Existing approvals honored.
Everest just launched a dedicated healthcare MCA program with insurance-receivable-based sizing. Thread for broker experiences.
GC with $4M in receivables and $300K need for equipment + bridge on payroll. This is a factoring + equipment combo, not an MCA. Anyone with a real ABL relationship?
Weekly funder appetite index, compiled from 312 program updates and 4,100 broker submissions this week.
Freight rates are finally bouncing. Seeing deposit recovery on my owner-operator book for the first time since spring.
Bridge lenders are pricing 11–12.5% on 70% LTV commercial right now. Anyone beating that?
Retainage is killing my GC deals. Funders see $600K receivables and forget 10% is locked until close-out.
Posts, deals and news from the funders, brokers and ISOs you follow.
