All right, so I am now back taking over for Anaya,
and I'm here with a familiar face, uh, to our de Bank family. So, David,
for those that don't know you and don't know, uh, your company,
introduce yourself and the company that you're with.
Thank you. Well, it's good to see you again. Uh, my name is David Golden. I was,
uh, the founder of one of the world's first merchant cash advanced companies 20
years ago that still exists today in the UK and Australia called capi. Uh,
I also provide capital to the MCA platforms through, uh,
lender Capital Partners, which is part of Base Point.
And my latest venture is finance erc,
where we're purchasing employee retention credits or rcs from businesses. All
Right. So David, so you've been, you,
you've been in this industry since the start. Uh, we did a video on you,
you know, kind of like the, the birth of this alternative finance space. Yep.
Now, we're in a time when there's a lot of transition,
there's a lot of movement going on there,
there's a lot of changes coming to an event like this. Why is it important,
especially at, at a time like this?
Well, I think the uha industry, obviously, you know,
each year gets bigger and bigger, alternative financing.
And I think what's going on in the world right now obviously can't be ignored.
You know, this country's going through a banking crisis, uh,
when it comes to certain size banks,
credit and liquidity is definitely tightening up, uh,
which means a couple different things. We're dealing with high inflation,
we're dealing with some challenges,
which means for the funding companies defaults are gonna go up,
or if they've not already, they're inevitable, which is gonna be a challenge.
But I think that also, uh, you know, provides opportunity as,
as the banks tighten up, the brokers and the funding,
companies will see higher credit quality customers that can go to the bank that
typically don't use alternative financing.
So I think the smart brokers and the smart funding companies,
while there's definitely challenges ahead, there's always opportunities.
So it's really about pivoting and not doing the same old, same old.
So there's a lot of different topics, um, in regards to the general sessions,
breakout sessions, uh, you know, they're talking about er, tcs, you're,
you're speaking in, in one of them. Then there's just a wide variety of topics,
ul ultimately to help people maneuver this industry. Uh, which, uh,
session are you most excited about?
Well,
I think I'd be self-promoting if I was gonna talk about the session later today
about ERCs, but it's really good one to see everyone back, right?
The pandemic kind of, you know, isolated a lot of people in the industry. But,
um, I don't think I have one particular session in general,
but it's really good to hear that people are on top of the latest trends right
here. And of course, uh,
you guys and the hold the bank family bringing amazing service to the industry.
So
Let's talk a little bit about ERC and kind of walk us through what you,
what will be discussed in your panel.
Sure. So, uh, MCA brokers or, or small business lending brokers,
um, obviously they know how to do what they know how to do,
which is just small business lending. Um,
the E R C E R TC is a once in a lifetime opportunity from our government to
provide stimulus to businesses. That's not a loan,
it's not like the PPP and the amount of money that each business owner qualifies
for is exponentially greater than an MCA and they don't have to pay it back.
The revenue is exponentially greater and the strain on the customer is
nonexistent cuz it's not an mc or a loan. So there's great opportunities that I,
I'm excited to, uh, talk about later about not just filing rcs,
but also funding rcs, which is what we do at Finance.
Rc the IRS can take three to 12 months plus to send out the ERC
refund checks and we'll factor that today with a payment that,
believe it or not, has no payment due, no daily, no weekly, no monthly.
We get paid when the checks arrive and there's plenty of commissions on all
sides of this ecosystem for the brokers.
And then for someone that is watching this that has never been to a broker fair,
uh, to any de banked event, what would you tell them?
Well, I think it's a combination. I think you need to sit in the,
the sessions learn and then obviously like anything else in life,
it's all about who you know, sometimes greater than what you know.
It's all about the networking here.
That's the networking here is second to none,
whether you wanna be talking to funders or vendors for funders or other brokers
to really meet people, whether it's at the, you know,
the various social events or just walking around the, the exhibit.
But this event's second to none.
Awesome. Well thanks so much for joining us again, dude. Nice seeing you.
Likewise. Great seeing you, Tyler. Go ahead and let you, uh,
enjoy the rest of the event.