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Has anyone done business with capfundnow.com (advertised in the December 2016 issue of debanked magazine)
what I know: they work with smaller broker shops, the broker submits a generic loan app to them, which they pass along to a number of MCA funders in their network based on the best allocation of what a funders looks for. They claim over 40 different funders and get paid by the volume they produce for their group of lenders. They also say it doesn't affect the brokers commissions, and there looking to get multiple offers on your deal. They have been doing this since November 2016.
The concept sounds great, and I wouldn't mind paying a little hit out of my commission for the convenience if that was the case. What I'm concerned about is the security of my accounts for doing second, third, or multiple deals, I don't want my deal sold behind my back by some employee at their group. Sounds like there's a lot of trust involved.
what I know: they work with smaller broker shops, the broker submits a generic loan app to them, which they pass along to a number of MCA funders in their network based on the best allocation of what a funders looks for. They claim over 40 different funders and get paid by the volume they produce for their group of lenders. They also say it doesn't affect the brokers commissions, and there looking to get multiple offers on your deal. They have been doing this since November 2016.
The concept sounds great, and I wouldn't mind paying a little hit out of my commission for the convenience if that was the case. What I'm concerned about is the security of my accounts for doing second, third, or multiple deals, I don't want my deal sold behind my back by some employee at their group. Sounds like there's a lot of trust involved.
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