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JetLife89

New Contributor
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Jul 31, 2020
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Denver, CO
Hi Everyone,

When the pandemic hit last spring I started cold calling businesses for merchant cash advances, as I was concerned about the future of my airline career that I love. After a few short months of listening to entrepreneurs and learning more about the products I was peddling, I couldn't in good conscience continue to market these loans.

What I found was that for most business owners, merchant cash advances don't make sense. Unless you have awful credit and are in a serious pinch for a quick injection of cash, merchant cash advances are not smart. The interest rates are ridiculous (can be 40-50% or more) and can cause more harm than good to a business if the business owner doesn't convert the loan into an immediate return. In some cases where MCA's are the only option for funding and you know that a $50K advance allows you to buy a piece of equipment that increases profit by 50%, MAYBE it's the right choice. I just found that for most entrepreneurs, it wasn't.

Since then, I have partnered as an affiliate with a group called 7 Figures Funding based out of Utah. They have 4.9 out of 5 stars on Google Reviews and every interaction I have had with them had been very professional.

7 Figures Funding offers traditional unsecured loans, and lines of credit. The credit scores required might be a little higher than a merchant cash advance (generally 650 or above unless you have other equipment, inventory, or real estate you want to use as collateral), but the rates are much more reasonable. The lines of credit are available at 0% interest for 12-18 months.

One of the best things I like about 7 Figures Funding is that they are able to offer loans to entrepreneurs starting new businesses, as opposed to just established businesses looking to expand. This can be a huge value to entrepreneurs who aren't able to get initial startup funding they need elsewhere.

If you have any questions at all, feel free to reach out. Or if you're ready to apply for a loan with 7 Figures Funding, copy and paste the link below. Happy New Year everyone!

 
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Azure

Perpetual Motion
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Mar 12, 2016
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It seems you took the "unsecured" part a bit too literally and forgot the SSL certificate for your website.
 

JetLife89

New Contributor
Read Millionaire Fastlane!
Read Unscripted!
Jul 31, 2020
12
8
15
Denver, CO
It seems you took the "unsecured" part a bit too literally and forgot the SSL certificate for your website.

I don't actually run that site itself but I'm curious why you think there's not an SSL certificate? When I go to the link through a browser on my phone or laptop, the lock symbol shows up saying the connection is secure. I'm not saying you're wrong, but need to know where you're seeing this so I can direct someone to correct that.
 

JetLife89

New Contributor
Read Millionaire Fastlane!
Read Unscripted!
Jul 31, 2020
12
8
15
Denver, CO
Do you do anything else?

My username is a reference to the fact that I'm an airline pilot, not that I feel the need to buy a jet.

I'm still working on finding the right CENTS business for me and my skill set. Until then, I market loans for a company that I respect and fly for the airlines.

I thought that an entrepreneurship forum would be a decent place to see how my target market responds to what I'm offering.
 
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PayneEdward

New Contributor
Jan 23, 2021
10
1
2
I've also been looking for the best choice for quite a while and to be honest, I've seen an increase in loan demand when the pandemic hit, cause people just wanted to save their businesses. It's the normal thing to do because everyone is desperate now, we don't need to hide it. You feel like this situation can't last any longer, and yet it does and you are stuck with loans that you can't pay. I'm not in this situation, thankfully, but I do have friends that are, and it's hard to look at them struggling with day-to-day bills. I've always thought that contacting professionals, like this company that my brother worked with krea.se some time ago, is the best way to go when you are unsure about what the best move for you or your company is. It's because when you are desperate you make desperate moves.
 
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