MobyCap 🐋 💰

Who is MobyCap? We are the premier alternative funding company for small to medium-sized businesses. We offer an array of customizable business loans & alternative financing. Let’s take a look at our ways to grow your business…

@WilsonCompanies Congrats!

Had our yearly 'State of the Wilson' today to update the team on what we've done this year. We're killing it. $1.6 million on advertising over 12 months 22,850 homes visited the last 12 months 6,100 HVAC systems serviced 3,103 drains cleaned 190,000 phone calls Big time.

@pestctrlguy @somethingb_d Congrats that’s awesome! Let us know if we can ever help.

@somethingb_d Currently have $600k in annual contracts for the next 12 months. Adding ~$5k in sales everyday

I own a growing pest control business. I share everything I can openly here on X. Sometimes that’s not enough though. If you want to start a bug business, I offer a business in a box solution. You can find all the info you need in the link in my bio. I also offer consulting in 30 and 60 minute chunks. Just visit the link in my bio and set up a time. Don’t let all these other guys on X post their numbers everyday and leave you in the dust. Control your own destiny and get something started. If your having a hard time growing it, book a call and we will blow it up!

@gas_biz Congrats!

@APompliano @LiquidDeath @peterpham Amazing! Let us know if we can help!

The folks at @LiquidDeath don’t miss 🔥 From @peterpham handing out individual cans to a $1+ billion valuation. Wild journey.

@franchisewolf Incredible story! @LMitchellHQ If you're still looking to fuel more growth, we're the ones to talk about non-dilutive funding. Reach out and we can discuss!

FROM MANAGING A FIVE GUYS....TO OWNING 20 7 years ago, Lucas Mitchell quit his job managing Five Guys restaurants, and decided to become an owner. Without any financial head start, he had to start from square 1. Here’s his wild journey going from 1 to 20 locations: STEP 1 - FIND THE DEAL As a manager of 8 Five Guys restaurants for an existing owner, he knew he had the chops to run his own units. Before figuring out how he could afford it, he had to find an owner willing to sell their locations to him. He worked the Five Guys corporate team *and* did his own outbound work to get in front of owners. He eventually found one in Arizona (Lucas lived in Nevada) who was looking to sell 5 restaurants. STEP 2 - BE HONEST IN NEGOTIATIONS Lucas knew he had zero leverage, so he didn’t try any negotiating jiu-jitsu with the Five Guys owner. He told the owner, “I will give you a fair valuation for your stores. I am not going to try to nickel and dime you. But I need time to put the money together”. Because the owner knew he’d get a fair exit price, he was willing to be patient and give Lucas the time he needed (which turned out to be another 12 months!). STEP 3 - BANK FIRST, THEN OUTSIDE CAPITAL Five restaurants meant Lucas needed a ~few million $ to get the deal done. He went to banks to figure out how much they’d be willing to lend him to finance the acquisition. Five Guys is a national brand AND these were existing cash flowing restaurants - so finding a lending partner for this kind of deal was far more attainable than a ground-up build of an emerging brand. After determining how much the bank would finance for him, there was a problem. He still needed an additional $700k! And (relatively speaking) Lucas had no money, and neither did his “network”. There was no “friends and family” money he could ask for. That leads us to... STEP 4 - WIDENING YOUR NETWORK At first, he thought he was going to come up short. But…he started thinking about his network in a different way. It’s not about “who do I know?”, it’s about “who is connected with the people I know, and who are those people connected with” Turns out, when he went 3 to 4 layers out from his inner circle, he found folks who were in the position to invest in an up & coming hustler like Lucas. He was able to get in front of those people, and raise that $700k to buy the 5 restaurants. And since then…5 restaurants have grown into 20. My favorite part? He hasn’t had to raise anymore equity capital since that initial $700k. Franchise grit and entrepreneurship at it’s finest 💪 Keep crushing @LMitchellHQ, and if anyone wants to check out our podcast conversation to hear the full story, the link is in the next tweet 🤝

⭐️⭐️⭐️⭐️⭐️ Two new glowing 5-Star Reviews just in the last 24 hours! There's good reason why we are rated 4.7 stars out of 5 on Google Reviews. We turn growing businesses into rocket ships. Call us today if you're interested in taking your business goals to the moon!

MobyCap is the secret tool for fast-growing companies. Get approved with just a phone call and hear how much you're eligible for. Used by 1,000s of business across 100s of industries to explode your growth. Contact us today!

💰🐳💰 Do you have a business in one of these industries we recently funded? - 🏨 Hospitality company just received $600,000 - 🏡 Real estate company just received $500,000 - 🍁 Cannabis company just received $400,000 - 🍎 Produce company just received $250,000

💰🐋💰 Here are a few funding callouts from just before the weekend: - 🏠 A drywall company received $1,150,000 - 🏗 A construction company received $1,000,000 - 🖥 An electronics company received $600,000 - 🍷 A food & beverage company received $400,000 #SmallBusiness

Have you thought about taking a business loan but not sure about what to consider? This guide is an easy breakdown to make sure you choose correctly. Interested in more specifics on how we can help your company grow? Call our funding specialists today! mobycap.com/news/how-to-ch…

@collin_ruth89 Yes we do! Normally we only need your 6 most recent months of business bank statements to get an approval. If your business is seasonal, we would recommend 12 months just so we can show underwriting the full picture.

@MobyCap Do you provide funding for seasonal businesses?

This year, my company: - Hired 38 employees - Tripled our geographic presence - Increased revenue from $270,000 to $500,000 Hiring 38 many employees isn't easy. Here is our recruiting process (feel free to copy):

@STLChrisH @WilsonCompanies Agree about fixing the AR issues! But we have Factoring along with a few other products, like our Revenue Advance or Virtual Line of Credit It's not for everyone but expensive is always relative. 1% rate with no return is bad. 50% rate but you have a return at 3x, that's cheap!

@MobyCap @WilsonCompanies Factoring? That’s expensive. I’d rather fix / reduce AR issues!

A few months ago - @STLChrisH dropped a post on how his business has nearly no AR. 50k. His business is roughly 5x my size and my AR was $1.6M. It was an unofficial challenge that we took on. I haven’t had AR under $1M for four years. Today, my AR sits at 190k!

@STLChrisH This is a great breakdown, Chris! For those slow collections you have to wait on, have you ever considered working with a company like ours that can give you the capital upfront so you can put the money towards the next initiative for your business? So you can move even faster!

Do you have a hard time getting customers to pay on time? A growing receivables balance, when you shouldn’t have any AR? Here is how we keep write-offs below $50k per year in our $100+ million residential service business: ... see Thread

🐋💰 We had some BIG FUNDINGS yesterday! - 🚚 A logistics company received $2,350,000 - 🏗 A construction company received $1,500,000 MobyCap can easily fund as much as $5M at a time for your business. Call today if you're looking to get started with your biggest business goals!

@mitchell_sorkin Love the amazing growth you're experiencing! If you need help with fueling even more growth, we know a guy...

Sitting here thinking back on two short years in this business… We went from a $36k acquisition, to $75k, to $185k, to $950k, to $1.8M. We’re now looking at two deals in the $5-10m range that may close in 2024. It’s intimidating. But the beautiful thing about businesses with low labour intensity is that climbing the stakes carries fewer unknowns. Underwriting is much more straightforward. Humans have wants, needs, and emotions - capital doesn’t. Our entire portfolio does about ~$150k/mo in revenue… And we have 2 FT employees + one PT (not including me and my brother). If we 5x from here, we’ll probably go from 2.5 employees to 10, but we’ll be doing close to $10M a year. There aren’t many businesses out there that can produce $1M/yr per employee (software aside). I’ve never been more bullish about our trajectory, and as always, I owe it largely in part to this community. Business twitter is the 🐐 I love each and every one of you ❤️

@DBarnettMoncton Not having access to capital has killed more good businesses than probably anything else. That's why you need to have someone you can rely on when you're in a cash crunch that can help you ASAP!

One of the scariest situations in business is running out of Cash. Last year, one Holiday Chat caller asked for my help. We just recorded the follow up and you'll be amazed at how things turned out. But, you have to be on the list to hear it DavidCBarnettList.com

@PaulNiklas8 We can definitely help when it comes to needing access to capital 💰

I think business goes in phases where the first phase you have 0 leverage apart from blood, sweat & tears (not always - e.g, if you have a banking background you might have network or access to capital, but this is the general rule) Capital or access to capital is one form of leverage. For a lot of guys on this side of twitter we are a bit more "rough around the edges" - we aren't ivy league graduates with investors lining up to fund us (yet), so it won't be access to capital it will either be your own capital or nothing. So when you are still in first phase and you spend money on dumb shit you are forcing yourself to spend more time there than you need to. Once you escape exit velocity and you gain more leverage (skills, network/access to info, capital/access to capital) business and making money becomes easier, and more fun. And then you can spend on all the dumb shit you want.

@RobertCialdini What a legend!

I have never had heroes, except for Charlie Munger. Today I learned that the man who was my longtime friend, mentor, and supporter passed yesterday at 99 years and 11 months. Although he missed the century-old mark by only a few days, I don't think it would have mattered to him at all. Charlie didn't care about such designations. He only cared about finding ways to generate positive outcomes--and, crucially, not just for himself. He wanted everyone he could reach to benefit, too. Charlie was a capitalist to the bone. But, he advocated a rarified form: selfless capitalism. Two sentiments I heard him express make the case. In describing the importance of acquired wealth, he said it was, "to be in a position to help others when trouble comes." So, it wasn't to protect oneself from tribulation; it was to rescue the less well-positioned from it. Even more impressive to me was a statement he made on the moral responsibility of highly successful businesspeople to share fully their methods for producing that success--something he and Warren Buffett do relentlessly at Berkshire Hathaway. "Amazing," I remember saying to myself when I heard his claim. Here's a man at remarkably elevated levels of business attainment who, rather than secreting his causal practices and strategies, recommends revealing them widely to spread and thereby enlarge the gain. What's more, he walks his talk. Just amazing. I haven't cried in years. But, today, I wept.