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.
Straw poll — what's your current average factor on first-position restaurant deals under $100K?
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.
One of the MCA industry's largest direct funders with $1.2B in annual originations has filed for bankruptcy, citing rising default rates and liquidity constraints. The fallout could impact hundreds of broker relationships.
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.
We ran 2,000 historical files through an LLM-based bank statement parser against our human underwriters. It matched on NSF counts 97% of the time and flagged 3x more deposit anomalies. It's not replacing underwriters — it's replacing the first 40 minutes of every file.
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.
Unpopular opinion from the funder side: the stacking problem is a broker comp problem. If renewals paid like new deals, half of this goes away. We're piloting 1.5x renewal points starting next month.
Quick read on the California disclosure amendments: estimated APR must now appear on the first page of the offer summary, and brokers are explicitly in scope for the recordkeeping requirement. Effective Jan 1. Happy to answer questions here.
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.
Deal Box 2.0 is live. Every deal now carries a match score against 1,200+ funder programs, claim-to-fund tracking, and escrowed referral agreements. Post a file in #deal-box and you'll see which funders are likely to bite before you send a single email.
Funder approved at 1.29, then retraded to 1.38 after I told the merchant. Third time this month from the same shop. How are you all handling retrades?
What car are you driving from MCA money? Mine is a 2019 Camry with 140K miles and I've never been prouder.
Q1 funder rankings are out. Methodology is volume-weighted by verified submissions — nobody paid for placement. Tell us what we got wrong.
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.
Fraud pattern worth flagging: doctored statements where the running balance math is right but the check numbers repeat across months. Three this week, all from the same lead source.
The Federal Trade Commission has published a proposed rule that would create nationwide disclosure requirements for MCA providers, potentially superseding the patchwork of state-level regulations.
For the folks asking: Greenline's minimum is now 6 months TIB with $30K monthly deposits, and we're back to funding 2nd position on restaurants. Submission portal is linked on our profile.
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.
Industry origination data shows February 2026 is on track to be the strongest month since mid-2024, driven by seasonal demand and loosening underwriting criteria among top-tier funders.
Our decline-to-approval time went from 4.2 hours to 38 minutes after we moved document intake to an agent. The bottleneck is now brokers sending incomplete files.
Freight rates are finally bouncing. Seeing deposit recovery on my owner-operator book for the first time since spring.
The Miami-based funder says its new system can approve deals under $50,000 in under 90 seconds with 40% fewer defaults than traditional underwriting methods.
Hiring 4 remote closers. $150K+ OTE, warm inbound only, no cold calling. DM me or apply below.
Mike, Sarah, Rachel, Nicole·8.9K views·FundingMetrics now syncs funder programs from Time in Business's directory directly into your submission screen. Matching funders update as programs change.
A growing cohort of MCA brokers are building massive pipelines through short-form video content. We interviewed three who are each closing $2M+ monthly from social media alone.
Rule of thumb we train on: if the merchant can wait 45 days and has 680+, you owe it to them to try SBA first. Your reputation compounds.
Bridge lenders are pricing 11–12.5% on 70% LTV commercial right now. Anyone beating that?
Sources close to the deal say Velocity Funding is finalizing the acquisition of BridgePoint Financial, a 12-state ISO network with 400+ active broker relationships.
Retainage is killing my GC deals. Funders see $600K receivables and forget 10% is locked until close-out.
After years of reactive lobbying, the industry's largest trade groups are finally recognizing that proactive engagement with regulators produces better outcomes for everyone.
Anyone placing spot factoring under $50K/month in volume? Most factors I talk to want a full-book commitment.
CEO Maria Espinoza explains how the New York-based funder grew from $80M to $320M in annual funding volume by focusing exclusively on healthcare and construction verticals.
Attorney General Letitia James's office has opened a formal investigation into aggressive collection tactics used by at least five MCA providers operating in New York state.
We put the three leading MCA CRM platforms through a comprehensive head-to-head comparison across underwriting, broker management, and reporting capabilities.
Broker Summit NYC early-bird closes Friday. Members save 20% — the code is already applied to your account.
Reminder that COJ enforcement in NY is effectively over for out-of-state merchants. If your collections playbook still leans on it, rewrite it.
Sarah·14.2K views·
New: Catch me up. Open any channel you've been away from and Time in Business will summarize what you missed, with links to the messages that matter. It's in the top bar of every channel.
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