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All right, so I am now back taking over for Anaya,

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and I'm here with a familiar face, uh, to our de Bank family. So, David,

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for those that don't know you and don't know, uh, your company,

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introduce yourself and the company that you're with.

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Thank you. Well, it's good to see you again. Uh, my name is David Golden. I was,

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uh, the founder of one of the world's first merchant cash advanced companies 20

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years ago that still exists today in the UK and Australia called capi. Uh,

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I also provide capital to the MCA platforms through, uh,

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lender Capital Partners, which is part of Base Point.

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And my latest venture is finance erc,

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where we're purchasing employee retention credits or rcs from businesses. All

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Right. So David, so you've been, you,

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you've been in this industry since the start. Uh, we did a video on you,

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you know, kind of like the, the birth of this alternative finance space. Yep.

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Now, we're in a time when there's a lot of transition,

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there's a lot of movement going on there,

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there's a lot of changes coming to an event like this. Why is it important,

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especially at, at a time like this?

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Well, I think the uha industry, obviously, you know,

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each year gets bigger and bigger, alternative financing.

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And I think what's going on in the world right now obviously can't be ignored.

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You know, this country's going through a banking crisis, uh,

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when it comes to certain size banks,

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credit and liquidity is definitely tightening up, uh,

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which means a couple different things. We're dealing with high inflation,

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we're dealing with some challenges,

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which means for the funding companies defaults are gonna go up,

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or if they've not already, they're inevitable, which is gonna be a challenge.

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But I think that also, uh, you know, provides opportunity as,

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as the banks tighten up, the brokers and the funding,

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companies will see higher credit quality customers that can go to the bank that

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typically don't use alternative financing.

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So I think the smart brokers and the smart funding companies,

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while there's definitely challenges ahead, there's always opportunities.

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So it's really about pivoting and not doing the same old, same old.

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So there's a lot of different topics, um, in regards to the general sessions,

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breakout sessions, uh, you know, they're talking about er, tcs, you're,

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you're speaking in, in one of them. Then there's just a wide variety of topics,

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ul ultimately to help people maneuver this industry. Uh, which, uh,

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session are you most excited about?

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Well,

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I think I'd be self-promoting if I was gonna talk about the session later today

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about ERCs, but it's really good one to see everyone back, right?

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The pandemic kind of, you know, isolated a lot of people in the industry. But,

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um, I don't think I have one particular session in general,

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but it's really good to hear that people are on top of the latest trends right

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here. And of course, uh,

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you guys and the hold the bank family bringing amazing service to the industry.

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So

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Let's talk a little bit about ERC and kind of walk us through what you,

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what will be discussed in your panel.

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Sure. So, uh, MCA brokers or, or small business lending brokers,

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um, obviously they know how to do what they know how to do,

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which is just small business lending. Um,

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the E R C E R TC is a once in a lifetime opportunity from our government to

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provide stimulus to businesses. That's not a loan,

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it's not like the PPP and the amount of money that each business owner qualifies

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for is exponentially greater than an MCA and they don't have to pay it back.

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The revenue is exponentially greater and the strain on the customer is

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nonexistent cuz it's not an mc or a loan. So there's great opportunities that I,

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I'm excited to, uh, talk about later about not just filing rcs,

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but also funding rcs, which is what we do at Finance.

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Rc the IRS can take three to 12 months plus to send out the ERC

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refund checks and we'll factor that today with a payment that,

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believe it or not, has no payment due, no daily, no weekly, no monthly.

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We get paid when the checks arrive and there's plenty of commissions on all

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sides of this ecosystem for the brokers.

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And then for someone that is watching this that has never been to a broker fair,

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uh, to any de banked event, what would you tell them?

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Well, I think it's a combination. I think you need to sit in the,

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the sessions learn and then obviously like anything else in life,

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it's all about who you know, sometimes greater than what you know.

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It's all about the networking here.

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That's the networking here is second to none,

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whether you wanna be talking to funders or vendors for funders or other brokers

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to really meet people, whether it's at the, you know,

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the various social events or just walking around the, the exhibit.

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But this event's second to none.

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Awesome. Well thanks so much for joining us again, dude. Nice seeing you.

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Likewise. Great seeing you, Tyler. Go ahead and let you, uh,

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enjoy the rest of the event.