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03-30-2018, 06:38 PM #1
Selected Lenders
Hi Guys,
Sorry for a similar post again, since I'm new to this industry almost 7 months. So Far funded around 35 deals starting from (3K-130K). Below is the Lender list I want to work at this moment for all of my files. Few of them are yet to signed up. I roughly submit 30-50 deals a month.
1. OnDeck (already signed up) - Best decision ever. Best ISO rep Stanley!
2. Yellowstone (already signed up) - my starting was great with them funded 5 deals in less then 18 days but after don't know what happen, 95% of files started to get decline. Though I really don't like the ISO rep. No communication from his side. I will be changing to Anthony Saracino.
3. Mantis (already signed up) - When my days were going bad with Yellowstone, that's where Mantis played the best role specially for my micro deals. Though they killed 8 deals of mine at the very end after submitted A-Z (8-10 Stips roughly). I have no complains except the ISO rep again.
4. WBL (already signed up) - no comments, just a backup for collateralize loan. Though I was about to close a 75K deal customer backed off very last moment.
5. Fundbox ((already signed up) - Good, Good! but very low approval.
Planning to sign up!
6. Quarterspot
7. https://ioufinancial.com/
8. Unique Funding Solutions - Eli
9. Everest Funding
10. CFG
11. Bluevine - LOC
12. Fundworks
13. VADER SERVICING
14. Fundkite - Mark (Consolidations (reverse)
I'm following this forum for a long but got myself registered recently so don't know much of rules & regulations. I'm just sharing my honest feedback being new to this industry. I will really appreciate your help and suggestions. Want to keep my Lender network short!!Patrick Wilson
Managing Partner
www.PremierCapitalNetwork.com
(NO MORE LENDER/FUNDER CALL PLZ)
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03-30-2018, 06:51 PM #2Karen37aGuest
Not to burst your bubble but if you send the file to the wrong person they will tell them to never speak to you again and that they will give them a discount if they do
then they go into the "witness protection program" and they fund without you
this is not for the faint of heart and you will lose sales for months sometimes years before you realize whats happening.( some never realize then babble vertical /rates/degrees to me, on and on until i want to poke my eyeballs out) and stalk me online and off and better stop.
There is a reason I asked you why the so low funded ratio and a reason some try to shut me up
Gl to youLast edited by Karen37a; 03-30-2018 at 06:56 PM.
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03-30-2018, 06:58 PM #3
Well to be honest with ya man! as I've mentioned I'm new to this industry doesn't know a whole lot of things. I have a very good sales team, been training them for months and months. we have our internal lead generation lead. So I get a good amount of deals every month. Just trying to work with someone for a longer term and good trust. You may have seen, since this 7 months just got signed up with only 5 Lenders.
Patrick Wilson
Managing Partner
www.PremierCapitalNetwork.com
(NO MORE LENDER/FUNDER CALL PLZ)
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03-30-2018, 07:04 PM #4Karen37aGuest
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03-30-2018, 07:45 PM #5
Reputation points: 503040
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Not a bad list at all.
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03-31-2018, 06:12 PM #6
Reputation points: 8656
- Join Date
- May 2015
- Location
- NYC
- Posts
- 197
Good direction!
Last edited by TStein; 05-02-2019 at 10:34 PM.
Tommy Stein
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03-31-2018, 06:26 PM #7
Reputation points: 49940
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- 620
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04-02-2018, 11:18 AM #8
Reputation points: 166
- Join Date
- Jul 2017
- Posts
- 8
Patrick,
I don't post on DF that often, but when I do I prefer Dos Equis (Insert: corny joke).
In all seriousness reach out whenever you like, Im one of the partners here, but I can break down our process, and assign you a good rep, seems like communication has been an issue at other companies, that wont happen here.
Out stips are pretty light, VC-ID-K-1 and dependning on SIC and size of deal A/R will be requested. We fund with clear scan of COJ and tracking.
Anyway, looking forward to hearing from you.
Eli Ghoori
Unique Funding Solutions
Cell: 718-541-6160
Office: 718-316-6898
Fax: 1-347-549-4296
eli@ufsfunding.com
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04-02-2018, 11:26 AM #9
Reputation points: 71360
- Join Date
- Mar 2016
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- 908
Patrick - CFG Is one of the leading funders in the space. Feel free to reach out. Look forward to hearing from you.
Thank you,
Lior Monus
CFG Merchant Solutions
Direct: 516-319-5826
Lmonus@cfgms.com
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04-02-2018, 11:37 AM #10Patrick Wilson
Managing Partner
www.PremierCapitalNetwork.com
(NO MORE LENDER/FUNDER CALL PLZ)
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04-02-2018, 07:00 PM #11Patrick Wilson
Managing Partner
www.PremierCapitalNetwork.com
(NO MORE LENDER/FUNDER CALL PLZ)
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04-02-2018, 11:35 AM #12
Reputation points: 15507
- Join Date
- Dec 2016
- Location
- Brooklyn N.Y.
- Posts
- 428
In the high risk market you don't really find a single Funder who will do anything 10 others won't do -
every funder-
- gives fast offers
- pays max commissions
- gives max approvals
- has the best service
so how does Midnight stand out as a high risk funder?
A. We'll fund deals that no one would fund (no one). B. We'll fund $200k deals sameday without any stips.High risk paper
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04-02-2018, 12:48 PM #13
Reputation points: 50201
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- Jan 2018
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04-02-2018, 01:38 PM #14Karen37aGuest
I am trying to stay silent ( which is very hard lol) and I am in a very bad mood with the bankers coming for us, ive seen the plan and funds coming it and its big. ( strong brokers/isos on the phone are going to survive)
I havent tested this 200k no "limited" stips thing
( and I remember i am just a lowly broker with no skin in the game)
its hard to believe that you would fund 200k with no tax returns ...that is a recipe for default failure. But if you are saying that you are doing it ...hey maybe you are.
and maybe there was a fake contract out with your name on it...ya never know
And maybe i shouldn't judge people by the cars they drive, watch they are wearing and the location of their offices or home.And also location of other companies to said office
maybe you prove my cynical mind wrong.
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04-02-2018, 12:07 PM #15
Strategic and Rapid Advance should definitely be added to the list
John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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04-02-2018, 01:08 PM #16
Reputation points: 15507
- Join Date
- Dec 2016
- Location
- Brooklyn N.Y.
- Posts
- 428
Site inspection / tax returns / P&L / Financials / 3 day underwriting stages / and on
High risk paper
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04-02-2018, 03:21 PM #17
Reputation points: 54989
- Join Date
- Dec 2013
- Posts
- 4,713
Site inspection / tax returns / P&L / Financials / 3 day underwriting stages / and on
yep Mantis would NEVER need any of the stips above !!Last edited by mcaguru; 04-02-2018 at 03:25 PM.
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
覧覧覧覧覧覧覧覧覧覧覧覧覧
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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04-02-2018, 03:51 PM #18
Reputation points: 50201
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- Jan 2018
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04-02-2018, 03:55 PM #19Karen37aGuest
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04-02-2018, 04:05 PM #20
Reputation points: 50201
- Join Date
- Jan 2018
- Posts
- 353
The dude just talks and talks BS all day on here. Does he realize no one believes him other then a rookie. Like I don’t know any funders, besides Mantis that require color front and BACK of DL. And yes I have closed 150k deals with funders who only need VC and DL and occasionally proof of EIN.
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04-02-2018, 01:50 PM #21
SFS / Strategic should be there
Jonathan Kohanoff
B.R.E. #01962090
Diamond Business Loans
Beverly Hills, CA 90211
jon@diamondbl.com
www.DiamondBL.com
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04-02-2018, 02:57 PM #22Patrick Wilson
Managing Partner
www.PremierCapitalNetwork.com
(NO MORE LENDER/FUNDER CALL PLZ)
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04-02-2018, 02:59 PM #23
Reputation points: 503040
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- Oct 2016
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- 4,318
Strategic should be one of your first choices, if not your first.
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04-02-2018, 03:17 PM #24
Reputation points: 107104
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- Aug 2016
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- 831
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04-02-2018, 03:36 PM #25Karen37aGuest
West, Do you realize that this whole time some of you have been yelling about the stockbrokers/investment bankers from Brooklyn
Thats who is behind some of these companies LOL
happy hor**** worked in the same firms for 10 years... rolling eyes
Ok I am off to close deals...ooo saaa
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