Results 1 to 8 of 8
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10-21-2016, 12:26 PM #1
Principis Capital
Three of the most irritating, non-fatal things I face:
1) Going to the dentist
2) Principis Capital Underwriting
3) Jock Itch
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10-21-2016, 01:21 PM #2
- Join Date
- Nov 2013
- Posts
- 598
Whats your take on their UW?
Im going through a deal myself with them right now and they keep coming back constantly with more stips.
As far as jock itch there's a cream for that lol
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10-21-2016, 01:51 PM #3
- Join Date
- Apr 2015
- Location
- Florida, First MCA sold in 85/ WS in 76. CFP/RIA, series 3,6,7,8,10,63,Ins218,220.
- Posts
- 554
I've done a few accts with them, 2 in the US and one in Canada....they did completely screw up the Canada acct with last minute stips and lost the renewal.
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10-21-2016, 02:08 PM #4
- Join Date
- Nov 2013
- Posts
- 598
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10-21-2016, 03:38 PM #5
They are absolutely brutal with their underwriting...constant rounds of stips. I've dealt with this three times in a row on deals that have been previously funded, I'm having the merchant take less money with another funder because they are absurd.
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10-21-2016, 03:41 PM #6
And you're right FCF, thank God for jock itch cream lol
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10-21-2016, 04:36 PM #7
- Join Date
- May 2015
- Location
- NYC
- Posts
- 197
From what I've heard this is the general consensus. One of my ISO's submitted a file that needed same day funding because Principis was about to take this merchants first born in terms of stips and were asking for more each day. I did take a look at the contract and they do provide solid rates and terms but its not the type of program the focuses on getting it done quick.
Tommy Stein
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01-25-2017, 11:00 AM #8
- Join Date
- Jan 2015
- Location
- Laguna Beach
- Posts
- 463
But they issue approvals in less than 120 minutes!!!
And then denials after signing.
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