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Top ISOs are signing these or newbie ISOs who don't know any better? Part of owning a corp is so you don't have to PG anything individually. Until the top funders who fund the bulk of this industry adopt this, not much movement is happening with this thread . your better off chasing the merchant who breached your contract and took your money and ran and going back to underwriting basics.

We've had many ISOs question it but they always sign once we explain why it's there. It was put in once an ISO decided not to pay a 23k clawback. This seems like a good opportunity to warn people about OCEAN CAP FUNDING located at 75 Lincoln Hwy, Woodbridge Township (Iselin), NJ 08830.

Is it a recruiting or staffing company? Very big difference in terms of profit margins. We can fund a recruiting company. Though we're strictly MCA.

Recently had an ISO tell me he's not signing my agreement because of the Personal Guarantee. I told him bye bye

It did not.

Great way of putting it. No malicious intent behind having it in the agreement.

As far as a funder is concerned, if an ISO isn't personally willing to back up the terms of the ISO agreement then he isn't worth doing business with. At the end of the day, anyone who's doing business with some common sense will solve most issues without having to resort to a contract. If it gets to the point where the funder needs to pull out the contract, then it means the ISO likely did something malicious. The personal guarantee is to protect from those people, not your every day, hard working, honest ISO.

You must be the first High Risk funder to have 0% default rate, that's impressive. You have no filings in courts Teach us your ways

Have you tried BlueVine LOC

John, Your right and many of the times threads turn-out that way ... but i will give you many examples of Industries much larger than RBF/MCA that have seen active forums at one point and very busy but was controlled more and became more boring than gargling sawdust and today many of my other industry forums have outright died...... I think people are very busy in our space and come on to see some popcorn moments as-well. The Green SheetBoard index This board has no forums. Information Login • Register Username: Password: I forgot my password | Remember me Who is online In total there are 38 users online :: 1 registered, 0 hidden and 37 guests (based on users active over the past 5 minutes) Most users ever online was 1434 on Thu Mar 30, 2017 12:17 pm Legend: Administrators, Global moderators Statistics Total posts 288441 • Total topics 42484 • Total members 47386 • Currently the Greensheet has 47,386 Members only 38 NOW on the forum and 1 is from the 47K+ members (the rest are visitors) --- however in 2017 1434 was on the forum at the same time!! ..... so now they got a great email list with 47K members but on a reg Monday only 1 member is on. (maybe admin?)....

see below

was the default satisfied ?

Has anyone OUTSIDE of California actually done this? I'm really considering doing it. The only thing that's stopping me now is if I am actually required to file a Foreign Qualification for my non-CA LLC and then the annual minimum $800 tax to the California Franchise Tax Board. (But hey, until June 2023, the $70 fee is waived!) Anybody have insights?

And that's my Point the contracts do no differentiate between these issues. In theory signing a blanket guarantee for the ISO is also on the deal

here it is -

Funders need to protect ourselves. There are brokers out there with criminal records lying to get paid commissions or scumbags brokers that also hide stuff and lie.[/QUOTE its very tough. When I meet with the top funders we walk about it --that we are in the business of taking risk with merchants -- some risk comes with partners. unless you fly down and date them for a year its really hard to be risk-free.....

Get her a CC stack.

Funders need to protect ourselves. There are brokers out there with criminal records lying to get paid commissions or scumbags brokers that also hide stuff and lie.

Michael.... SSN # makes sense -- In fact when I owned part of Manhattan's largest independent Bottles water cooler group - Getting approved with a leasing company was a 3 month process (we leased the coolers for $70-$99 per month for 60Months / (leasing company gave us 42 months upfront) Now regarding SSN & Personal guarantees its NOT a capybara Capital request.

Which lenders are asking for BG? So i just so i understand if you dont pay on a clawback they will put you in collections?

Should be quick . Connect to discuss bzuniga@omegafund.com

On clawbacks? Or deals?

Look into Ironwood, they offer a property sale lease back program.. 50% LTV..

If you can prove the default was from 2017, Rapid should do this. They require 5 years since default occurred.