Over the top Sub Prime backdooring-MIDNIGHT-BEWARE
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  1. #1
    Senior Member Reputation points: 15507
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    I am not going to disclose on a public forum what exactly is going on, but Richard you can ask the ISO that you worked us on the deal, how many deals and renewals we've done. Always paid full commission.
    You know what- bring that $50k contract back signed and I'll fund it today. Deal? (despite it being negative 10 days of the month)
    High risk paper

  2. #2
    Senior Member Reputation points: 12878
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    Quote Originally Posted by MidnightAdvance View Post
    I am not going to disclose on a public forum what exactly is going on, but Richard you can ask the ISO that you worked us on the deal, how many deals and renewals we've done. Always paid full commission.
    You know what- bring that $50k contract back signed and I'll fund it today. Deal? (despite it being negative 10 days of the month)
    Well you and Richard have both given some amount of insight as to what transpired so " I won't post details on a public forum" is obviously false.

  3. #3
    Senior Member Reputation points: 68233
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    Quote Originally Posted by MidnightAdvance View Post
    I am not going to disclose on a public forum what exactly is going on, but Richard you can ask the ISO that you worked us on the deal, how many deals and renewals we've done. Always paid full commission.
    You know what- bring that $50k contract back signed and I'll fund it today. Deal? (despite it being negative 10 days of the month)

    Our partner on this is livid. He's embarrassed frankly as we give him our advance deals, and handle their larger ABL/Bank products. If we did not have the documentation (and the corroboration from another funder regarding the white labeling) I wouldn't be wasting work time writing this.

    Once you take the sausage out of the casing- it's hard to put it back. We are both busy people. I know what happened. So do you. I suggest making sure it doesn't happen again.

    You shouldn't bite the hand that feeds you... My ISO NEEDS this commission. It's the Holiday Season. Do the right thing.

  4. #4
    Senior Member Reputation points: 340530
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    Richard is one of the most professional people on this forum. His work is honest and thorough. The last thing any source of capital, lender, advancer, debt, equity, etc...wants to do is treat a referral source poorly and/or embarrass them in front of their clients and partners.

    The second mouse always gets the cheese!
    Kevin Henry
    VP-Business Development
    Seacoast Business Funding, a division of Seacoast Bank
    561-850-9346
    Kevin.Henry@SeacoastBF.com
    1880 N Congress Ave., Suite 404
    Boynton Beach, FL 33426

  5. #5
    Senior Member Reputation points: 15507
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    Quote Originally Posted by RichardGerard View Post
    Our partner on this is livid. He's embarrassed frankly as we give him our advance deals, and handle their larger ABL/Bank products. If we did not have the documentation (and the corroboration from another funder regarding the white labeling) I wouldn't be wasting work time writing this.

    Once you take the sausage out of the casing- it's hard to put it back. We are both busy people. I know what happened. So do you. I suggest making sure it doesn't happen again.

    You shouldn't bite the hand that feeds you... My ISO NEEDS this commission. It's the Holiday Season. Do the right thing.
    I agree. Richard is does good business and I would love to work with him (give us a few days and we'll have another "Midnight is the truth post"..)
    The story has some misquoted facts, me and Richard will handle this out privately. I'm challenging you to fund $1 million with us before the year is over Richard!
    High risk paper

  6. #6
    Senior Member Reputation points: 503040
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    Quote Originally Posted by MidnightAdvance View Post
    The story has some misquoted facts, me and Richard will handle this out privately. I'm challenging you to fund $1 million with us before the year is over Richard!

    One sentence: Lets handle this in private...
    Next sentence: LET ME BROADCAST A $1 MILLION CHALLENGE!!!!!

  7. #7
    Senior Member Reputation points: 15507
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    Quote Originally Posted by WestCoastFunding View Post
    One sentence: Lets handle this in private...
    Next sentence: LET ME BROADCAST A $1 MILLION CHALLENGE!!!!!
    $1 million bounty..
    High risk paper

  8. #8
    Quote Originally Posted by MidnightAdvance View Post
    I agree. Richard is does good business and I would love to work with him (give us a few days and we'll have another "Midnight is the truth post"..)
    The story has some misquoted facts, me and Richard will handle this out privately. I'm challenging you to fund $1 million with us before the year is over Richard!
    Pathetic

  9. #9
    Senior Member Reputation points: 503040
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    Quote Originally Posted by fundyoutoo View Post
    Pathetic

    Yeah. “I just backdoored you. I challenge you to send me even more deals!”

  10. #10
    Senior Member Reputation points: 503040
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    Quote Originally Posted by MidnightAdvance View Post
    I am not going to disclose on a public forum what exactly is going on, but Richard you can ask the ISO that you worked us on the deal, how many deals and renewals we've done. Always paid full commission.
    You know what- bring that $50k contract back signed and I'll fund it today. Deal? (despite it being negative 10 days of the month)
    This is all distraction.

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