[WestCoastFunding]

My #1 rule: if a potential business partner lies to you about who they are and what they do, you probably shouldn't trust them.

[J.Celifarco]

My #1 rule: if a potential business partner lies to you about who they are and what they do, you probably shouldn't trust them.

I agree completely with this. I also just feel people put too much on someone being a direct lender. If someone is better at a certain type of file then I am and can get it done I have no problem with them doing it. I personally have a number of ISO's that send deals through me because they say they make more money going through me or get better buy rates then if they went direct to certain banks. I know I am not the only one this is true for. For those of us who have been around awhile some of the relationships we have built allow us to get pricing service and commissions others can't at certain banks. There are people I use for their relationships at the same time people use me for mine. As long as everyone is upfront about the relationship does what they say they will and pay commissions when they should these relationships can work for all parties.. I think a lot more deals would get done across the board if people worked together a little more.

[WestCoastFunding]

I agree completely with this. I also just feel people put too much on someone being a direct lender. If someone is better at a certain type of file then I am and can get it done I have no problem with them doing it. I personally have a number of ISO's that send deals through me because they say they make more money going through me or get better buy rates then if they went direct to certain banks. I know I am not the only one this is true for. For those of us who have been around awhile some of the relationships we have built allow us to get pricing service and commissions others can't at certain banks. There are people I use for their relationships at the same time people use me for mine. As long as everyone is upfront about the relationship does what they say they will and pay commissions when they should these relationships can work for all parties.. I think a lot more deals would get done across the board if people worked together a little more.

I agree with all of this and do the same myself. Some brokers have valuable relationships that other brokers can benefit from. So I'm all for relationships.

With that having been said, this guys press release was just a repackaging of WBL. And I see no evidence yet that they are anything other than a broker packaging WBL (they give you 5 points and keep 3 for themselves). I really don't see anyone needing to find a person who has a relationship with WBL because if you check your spam box, there are dozens of WBL emails waiting for you.

[Michael I]

How many merchants do you still see that have 5 advances that are all 3 months or less. It has been years since i have seen someone that can benefit from a 6 month consolidation . Now if they can let say leave the first 2 alone and consolidate 3-5 only , i can see that helping people.

[Chris7lender]

We agree, it is very important to be upfront. We started as a broker and have grown from there. We now work with in house monies and syndicated partners. This consolidation program was developed in house, which we are very proud of.

[ridextreme]

We now work with in house monies and syndicated partners.

I don't think syndicating on deals should qualify an ISO to be called a direct funder.

[downtownfunding]

This consolidation program was developed in house, which we are very proud of.

No, it wasn't. You are brokering every single one of these files. Why lie?

[ridextreme]

this could simply be a ploy for them to get leads to pitch a corporate restructure program.

[Sachip24]

again, its the same "consolidation" ML factors offers. They are not actually consolidating anything just giving merchant a larger advance with few extra months making their daily payment lower on that particular advance. Every week they will deposit enough to cover merchants current advances, merchant then in turn pays lower daily payments to them. merchant is not saving any money what so ever as in a real consolidation. What it does do though is free up merchants cash flow in the interim which could be of a benefit. But in the long run its a wash for the merchants, freeing up cash but still paying off a larger advance.

[WestCoastFunding]

We agree, it is very important to be upfront. We started as a broker and have grown from there. We now work with in house monies and syndicated partners. This consolidation program was developed in house, which we are very proud of.

So this consolidation program is funded in-house? What name shows up on bank statements when you pull?

[TimeSquareConsulting]

Cash village started the program this year. We send alot of our consolidation to them u know what i mean dogg?

[WestCoastFunding]

Ive gotta tell you, Cash Village has a pretty awful reputation around here.