1 00:00:00.300 --> 00:00:03.400 Hey guys, I'm back with Joshua Provost. Joshua, 2 00:00:03.670 --> 00:00:04.920 tell me a little bit about your company. 3 00:00:05.420 --> 00:00:07.760 Uh, our company is Capital Resource International. 4 00:00:07.810 --> 00:00:11.880 We're a commercial collection agency that specializes in M C A recovery. Um, 5 00:00:11.970 --> 00:00:15.640 we're kind of a hybrid between your traditional law firm and your traditional 6 00:00:15.640 --> 00:00:19.040 collection agency where, uh, we have a collection agency, 7 00:00:19.060 --> 00:00:23.400 but the collectors that reach out to the merchants of these delin of these MCA 8 00:00:23.820 --> 00:00:26.040 are actually lawyers. So, uh, 9 00:00:26.100 --> 00:00:30.160 the business model's built around being able to pack the punch of, uh, 10 00:00:30.690 --> 00:00:35.480 litigation and legal tools without the having to incur the expense of 11 00:00:35.480 --> 00:00:36.520 full-blown litigation. 12 00:00:36.900 --> 00:00:40.600 Gotcha. And I talked to you guys a little bit at your, um, booth. 13 00:00:40.860 --> 00:00:42.120 Now you guys are attorneys, 14 00:00:42.120 --> 00:00:45.160 so you guys are the bigger guys in the game that the people have to answer to 15 00:00:45.270 --> 00:00:46.880 when they get that letter? Well, 16 00:00:46.920 --> 00:00:50.560 I, I, I think your mindset there is kind of what we're trying to enforce is, 17 00:00:50.700 --> 00:00:53.600 you know, these, these merchants that become delinquents with, 18 00:00:53.600 --> 00:00:55.880 with these M C A contracts, 19 00:00:56.190 --> 00:01:00.560 they tend to have a few different collectors contacting them and trying to get 20 00:01:00.560 --> 00:01:02.240 them to pay. And these merchants, they're, you know, 21 00:01:02.240 --> 00:01:05.440 they're trying to do the right thing. They have a a, a finite amount of money, 22 00:01:05.700 --> 00:01:07.960 and they're trying to prioritize who's going to get paid. 23 00:01:08.380 --> 00:01:10.920 So they have collection agencies already reaching out. 24 00:01:11.140 --> 00:01:15.320 And when we reach out as lawyers and we're in competition with a typical 25 00:01:15.320 --> 00:01:20.080 collection agency, we tend to, uh, get more attention. I'd say we, we, 26 00:01:20.080 --> 00:01:24.560 we pack a pretty good impact because we can utilize legal tools and 27 00:01:25.040 --> 00:01:28.880 approaches and, uh, leverage that your typical collection agency can't. 28 00:01:28.880 --> 00:01:31.640 And we're doing it at a fraction of the cost of what a typical law firm would 29 00:01:31.640 --> 00:01:32.340 charge. 30 00:01:32.340 --> 00:01:35.280 Gotcha. And now is this your first time at d banked, 31 00:01:35.280 --> 00:01:36.480 or have you guys been here before? 32 00:01:36.670 --> 00:01:38.840 This is our first time at the bank and we're really excited to be here. 33 00:01:39.030 --> 00:01:41.600 This is a great event. You guys have done a great job with it and, 34 00:01:41.860 --> 00:01:44.920 and I think we made a great decision to come down here and be a part of it. 35 00:01:45.350 --> 00:01:49.760 Yeah. And how did, um, you guys figure that, you know, this conference, 36 00:01:49.760 --> 00:01:53.760 this d bank conference kind of fit with your brand model and what you guys Well, 37 00:01:53.760 --> 00:01:55.520 Part of it was you're local. Yeah. So, you know, 38 00:01:55.520 --> 00:01:58.000 typically when we go to these conventions, we gotta go across the country. 39 00:01:58.060 --> 00:02:01.400 And when you're bring in a, a team of people, you know, by the time it's, 40 00:02:01.400 --> 00:02:04.400 you're said and done, it's, it can be, you know, a pretty hefty investment. 41 00:02:04.630 --> 00:02:06.160 This was, you guys are right down the street. I mean, 42 00:02:06.160 --> 00:02:09.240 we couldn't turn away the event that you're putting on and, 43 00:02:09.260 --> 00:02:12.280 and the fact that it's local, I mean, we didn't have an excuse not to, 44 00:02:12.350 --> 00:02:15.280 it's almost like, you know, the stars aligned for it. So here we are. 45 00:02:15.470 --> 00:02:17.720 Yeah. I've been talking to a lot of people, um, 46 00:02:17.780 --> 00:02:21.360 around the event space and just talking about how the energy and the vibe is 47 00:02:21.360 --> 00:02:24.280 different from San Diego than where a lot of the other conferences are. 48 00:02:24.280 --> 00:02:27.480 Like Vegas, Miami, New York, the energy's different. 49 00:02:28.020 --> 00:02:29.280 Can you talk a little bit about that? 50 00:02:29.870 --> 00:02:32.200 Well, I think part of it is you're in San Diego, right? Mm-hmm. 51 00:02:32.280 --> 00:02:35.120 This is like a place that, you know, when it, when it comes up on the agenda of, 52 00:02:35.120 --> 00:02:37.000 Hey, you know, we gotta go to another convention. 53 00:02:37.000 --> 00:02:40.160 Not too many people are upset about having to go to San Diego. So there is that, 54 00:02:40.160 --> 00:02:42.880 you know, laid back vibe here. And I think, you know, 55 00:02:42.940 --> 00:02:45.000 the group of people that you have here, while it is professional, 56 00:02:45.320 --> 00:02:46.680 I think you have a lot of, uh, 57 00:02:46.680 --> 00:02:48.600 people that are here to have a little bit of fun too. 58 00:02:48.620 --> 00:02:51.800 So you're blowing off steam at the same time, putting you in a mindset, 59 00:02:52.080 --> 00:02:54.160 a networking mindset where you can make good connections, 60 00:02:54.310 --> 00:02:57.040 have a little bit of fun, maybe not be so rigid. Mm-hmm. And, uh, 61 00:02:57.040 --> 00:02:59.080 it turns out to be, you know, a successful day. For sure. 62 00:02:59.390 --> 00:03:01.320 Well, thank you so much for being here with us, 63 00:03:01.320 --> 00:03:04.200 and we hope you have just as a successful day as I'm having, 64 00:03:05.540 --> 00:03:07.200 and we'll be back here with more interviews.