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Good question, its a 40 year old Non profit run by 75 y/o+ directors using local/regional bank that likely doesnt use MFA/ 2FA.

Yes. Call me. 5163983918

Im not sure how a funder over debiting from a merchants bank account or a merchant not changing their bank login is negligence on my part. This is a merchant with 700k in revenue per month and hundreds of credits and debits in their ledger who has utilized MCA products for years this caught both of us off guard as ive never seen this happen in my 12 years of experience in the industry. When they caught it that is exactly what i advised them to do. But yes it will likely proceed to a lawsuit unfortunately.

You could've have easily advised your merchant to a) call the bank and tell them to block this funder or b) change their password. From your story, it seems you were incredibly negligent.

Credibly, Kapitus, IOU

That is insane.... Simple lawsuit should have this guy dead to rights. Over-debiting is a huge problem with these BS high risk funders- make sure to change passwords especially when balance is paid off!!!!

Just a curiosity question - Why did the merchant not change their login credentials , plus nearly every bank I know of utilizes MFA - why not in this situation?

A heads Up to any ISOs/ Brokers out there. Run dont walk away from these guys. 12 years in this industry ive never seen a deal handled worse. Funded Client 25k deal with 30% origination, 25 day deal 1.499 payback 37,500. Upon completion of the deal and full RTR paid . Jacob Proceeded to use merchants login 40 days later and pull additional ACHS totaling 51k.. All while ignoring the merchants calls for 2 weeks while pulling ACHS. First excuse was its passover, second excuse was im sick, third excuse was you owe me 10k for stack ( Shocker. Client did not stack) . We have plenty of unethical people in this business but this was by far the most unethical conducting of business ive ever seen by an egregious measure. Oh and as for the max comission, of course it was never paid. Again proceed at your own risk but RUN dont Walk from FND.

QFS Capital is onboarding Iso's! If you have any reverse files feel free to reach out.

Leads like this restaurant doing $50K a month https://butaquerestaurants.com/ had over 10 leads doing 50K plus go unsold, if you fund PR youre missing out here.

Thank you

who is a good funder for dr in ca has ondeck 50k weekly does 250-300k deposits LOAN FALCOON!!! lol but really

I know them very well- Great guys. They are owned by a huge company called IDT which is publicly traded. Super compliant in every way

Reach out.... Here's my real estate funding submission request form: https://docs.google.com/document/d/1m1yrDyTkRWohqYtW9lfqFZNL-WVY1xoW/edit?usp=sharing&ouid=105603638146100170340&rtpof=true&sd=true Complete and email to me.

We are onboarding new ISO/Broker partners. Please email or call to get started with us now.

As a funder, we screen all of our brokers before signing them up. But the same should go both ways. As brokers, ask questions, don't submit anything until you've read over their ISO Agreement and it's fully executed. Please exercise caution in not only who is funding your file, but who gets to see your merchants' personal and financial information. I get people asking to send me deals all the time before screening, but I tell them to sign an agreement before doing so, for my protection and yours. I know everyone's obsessed with speed and turnaround in this industry, but sometimes you need to hold your horses just a little bit and act more prudently. An ounce of prevention is worth a pound of cure.

InstaFund Advance is now onboarding new ISO's Reach out for all of your B-D paper needs Ben Allen InstaFund Advance - ISO Relations Manager ben@instafundadvance.com

Nathan Capital Group | https://nathancapgroup.com | deals@nathancapgroup.com

Just emailed you! our 1st position renewals work like a line of credit rather than refinancing the merchant over and over. Hopefully we can fund some good deals for you!

Goldenhippo has a good point. You got them into the mess and expect to get paid. As brokers, our job is to create a good relationship and we get paid when it gets consummated. Sounds like FND was a really bad deal, and the funder was really bad, and the merchant has somewhat of a right to blame you for finding and "vetting" them. I hope you didn't take a PSF.

maybe someone should finally call YOU out for promoting business loans in the merchant cash advance section. "Belongs in business loans"

We have been a super broker in Commercial RE for the past 30 years. We can help you fund this deal. You can contact me at 305-420-5605 to discuss this further if you like. Sia Heravi www.afgfunding.com

Imagine facilitating a scam due to negligence as a broker and wanting a cut.

MNY Capital is onboarding new ISOs, Reach out!

I mean you might as well sign up with us since we have very similar names! We fund B/C paper I'll send you an email with our full underwriting guidelines. One of our best traits as a funder is that we give out quick offers, we don't ask for many stips if any at all, and we do the bank verification/funding call quickly after receiving signed docs. my email is matthew@riveradvance.com I'll shoot over some more info about our company.

Start getting to know legitimate figures in the space, sign up with funders based on vouches and experiences.

We're onboarding new ISO's, reach out to me.

It's up to the broker to vet what funders they send their clients to. The merchant came to you for financial help and you provide them with an absolute dog**** deal in turn ****ing yourself over. I'm sorry that happened to you but you should've done your research on FND. It always gets hairy when you do horrible 25 day deals.