- This file was automatically generated by VIMEO 0 00:00:00.220 --> 00:00:02.520 All right, you guys. Welcome back. So in just a moment, 1 00:00:02.530 --> 00:00:06.280 we're gonna go ahead and recap the funding Your Arsenal session and what that's 2 00:00:06.280 --> 00:00:10.360 been about. But right now we have a very, very, very exciting guest here. 3 00:00:10.620 --> 00:00:13.320 So go ahead and introduce yourself and the company that you're with. Sure. 4 00:00:13.380 --> 00:00:16.680 Uh, my name is Brenda LaFave and I'm with Currents, Brenda and Monahan. Uh, 5 00:00:16.680 --> 00:00:19.560 we've been around for 18 years and we do commercial debt recovery. Um, 6 00:00:19.680 --> 00:00:23.000 a large part of our portfolio is in the MCA industry and alternative lending. 7 00:00:23.180 --> 00:00:25.000 So, you know, we're really excited to be here. 8 00:00:25.130 --> 00:00:28.040 Great to be able to come and meet with a lot of our clients, and, uh, 9 00:00:28.040 --> 00:00:29.520 excited to kind of meet some new ones. 10 00:00:29.860 --> 00:00:32.880 So let, let's talk a little bit. You just, you just got off your flight, 11 00:00:32.880 --> 00:00:35.120 you're here, you're gonna enjoy the day so far. 12 00:00:35.120 --> 00:00:36.440 What are you looking forward to the most? 13 00:00:37.480 --> 00:00:41.080 Honestly, it's just putting a, a face to name. Uh, you know, 14 00:00:41.080 --> 00:00:44.040 a lot of the time our work is done over the phone, over Zoom. Um, 15 00:00:44.060 --> 00:00:47.640 so really getting that chance to be able to connect with people and develop that 16 00:00:47.640 --> 00:00:49.720 kind of relationship. It's, uh, it's key in this business. 17 00:00:49.720 --> 00:00:52.000 That's what a lot of this is all based on is relationships. 18 00:00:52.580 --> 00:00:54.640 So let's talk about, I mean, there's different panels, 19 00:00:54.640 --> 00:00:55.640 there's different sessions going on. 20 00:00:55.640 --> 00:00:59.360 Is there anyone specific thing that you're looking at because you're, you're, 21 00:00:59.450 --> 00:01:03.040 where you're at and what you do is a little bit different than your typical mca, 22 00:01:03.540 --> 00:01:04.920 you know, I'm a broker, I'm a lender. 23 00:01:05.180 --> 00:01:07.800 So anything specific that you're looking forward to the most? Sure. 24 00:01:07.880 --> 00:01:10.920 I, I really enjoy looking at the tech side of things strangely. Um, 25 00:01:10.920 --> 00:01:13.400 and that's just because a lot of the paper that we get, 26 00:01:13.520 --> 00:01:17.680 a lot of it is due to fraud or, you know, maybe it's some sort of, um, 27 00:01:17.870 --> 00:01:21.280 mailbox that's been listed as an address, things of that nature. Right. 28 00:01:21.380 --> 00:01:24.360 So I like seeing exactly how these lenders are gonna be able to underwrite 29 00:01:24.360 --> 00:01:27.840 better and really go through these documents and try and figure out exactly 30 00:01:27.900 --> 00:01:31.240 what's worth it and not, um, cause that makes our job easier on our end. Right. 31 00:01:31.380 --> 00:01:33.600 So it's, uh, it's always an interesting point to go listen to. 32 00:01:34.060 --> 00:01:38.200 So I know right now there the industry, you know, alternative finance, mca, 33 00:01:38.230 --> 00:01:41.280 it's in a really interesting transitional time period where there's a lot of 34 00:01:41.280 --> 00:01:44.640 things changing very quick. What would you say is the one thing that you, 35 00:01:44.640 --> 00:01:47.760 you're seeing on and off again regarding your clients, you know, 36 00:01:47.760 --> 00:01:51.000 like going into debt collection, that whole aspect, 37 00:01:51.000 --> 00:01:54.440 like what's been the one pattern that you would say that has kind of been a 38 00:01:54.440 --> 00:01:55.273 common theme? 39 00:01:55.740 --> 00:01:59.200 Man, the, the pattern that we have seen is everyone's being very, 40 00:01:59.200 --> 00:02:01.160 very close to measuring at this point. Um, 41 00:02:01.160 --> 00:02:05.120 their metrics are pretty much their big key point if you're not hitting the 42 00:02:05.120 --> 00:02:06.400 numbers, um, you know, 43 00:02:06.400 --> 00:02:08.480 even though we're just talking about relationships and making sure that those 44 00:02:08.480 --> 00:02:11.880 are great, those can help your backend if maybe you're having a down month. 45 00:02:12.140 --> 00:02:15.640 But really people are keeping an eye on their vendors, placing them one, two, 46 00:02:15.640 --> 00:02:17.800 and three, having them constantly compete against each other. 47 00:02:18.100 --> 00:02:21.680 So that's the biggest pattern we've seen recently because, you know, we're in, 48 00:02:21.700 --> 00:02:25.680 uh, economic downturn, uh, more than likely. So, um, it's, 49 00:02:25.680 --> 00:02:28.600 it's a matter of having that recovery and making sure that, you know, 50 00:02:29.200 --> 00:02:30.800 business is being done correctly. Yeah. 51 00:02:31.100 --> 00:02:34.080 So what are you looking forward to the most, uh, while you're here in New York? 52 00:02:34.160 --> 00:02:37.280 I mean, you didn't do, you weren't at the pre-show obviously, but just, 53 00:02:37.420 --> 00:02:38.040 you know, 54 00:02:38.040 --> 00:02:42.000 anything that you're looking forward to besides meeting clients and doing the 55 00:02:42.000 --> 00:02:43.800 sessions. Is there anything else that you're looking forward to the most? 56 00:02:44.100 --> 00:02:47.080 Man, I, I always love a good New York bagel and pizza. 57 00:02:47.420 --> 00:02:50.120 It sounds so stereotypical, but, uh, I, 58 00:02:50.280 --> 00:02:52.000 I have to get it every single time I come here. Yeah. 59 00:02:52.060 --> 00:02:54.560 Is there any specific spot you, you, uh, you're looking at? Oh, 60 00:02:54.620 --> 00:02:58.120 No, I, I, I'm always open for suggestions to whatever you got for me, prince 61 00:02:58.120 --> 00:03:00.640 Street Pizza on Prince Street. Yeah. All right. Well Brandon, 62 00:03:00.640 --> 00:03:03.080 thanks so much for hanging out with us and chatting with us. Appreciate it. 63 00:03:03.150 --> 00:03:06.200 I'll let you go enjoy the rest of your time here, but appreciate your, 64 00:03:06.200 --> 00:03:07.760 your insight and your thoughts on collections, 65 00:03:07.760 --> 00:03:10.600 cuz that's definitely something that we don't hear too much here on the red 66 00:03:10.600 --> 00:03:12.800 carpet. Yeah. So. Awesome. Well, thank you so much, brother. All right. 67 00:03:12.800 --> 00:03:13.840 Have a good one, man. Pleasure man. Bye.