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04-30-2018, 03:21 PM #1
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- Apr 2018
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Why do lenders feel the need of back door every deal we submit and think its ok !!!
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04-30-2018, 03:29 PM #2
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- Dec 2017
- Posts
- 397
Frustrating I know, it's not going to stop unless you stop submitting the deals directly, PM me ... if you're in nyc we can meet up face to face
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04-30-2018, 03:31 PM #3
what banks are you working with? Are these first position deals or are we talking about all stacks. Not that it matters I am just trying to get an idea of what type of banks you are working with.
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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04-30-2018, 03:32 PM #4
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- Mar 2017
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- Nunya
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- 830
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04-30-2018, 03:33 PM #5
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- Apr 2017
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- 66
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04-30-2018, 03:38 PM #6Disclaimer
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04-30-2018, 03:52 PM #7
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- Jul 2015
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04-30-2018, 04:10 PM #8
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- Jan 2018
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- 353
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04-30-2018, 04:16 PM #9John 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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04-30-2018, 05:01 PM #10
How to stop it from ever happening in the first place? Impossible. But, don't flood a lender and never close their approvals or not get signed contracts back. Even the best lenders will back door your deals if you can't close. Just the nature of the industry at the end of the day.
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04-30-2018, 05:06 PM #11
Why does everyone on this forum, whine and blame others for their short comings? Is anyone over the age of 14?
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04-30-2018, 05:13 PM #12
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- Sep 2012
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- New York, NY
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- 1,780
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04-30-2018, 10:15 PM #13
- Join Date
- May 2015
- Location
- NYC
- Posts
- 197
This space is highly competitive and the days of an exclusive merchant are far gone. Lead companies promoting "exclusive" leads which are sold 10 times over, brokers promising the world to merchants and deceiving them, and yes...funders backdooring deals are all part of the space. Get used to it.
All I can say is find funders who have a proven reputation of getting the job done for you and your merchant without all the nonsense. By now we shouldn't be gambling on a random who calls you or messages you here. Majority of companies have the same parameters so stick with them rather than the drama ones.Last edited by TStein; 05-02-2019 at 10:35 PM.
Tommy Stein
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05-02-2018, 10:50 AM #14
- Join Date
- Apr 2018
- Posts
- 94
the answer is RAM FUNDING low lifes
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05-02-2018, 12:26 PM #15
That;s why I kept my lender list short, it's better to get decline rather then getting backdoor
Patrick Wilson
Managing Partner
www.PremierCapitalNetwork.com
(NO MORE LENDER/FUNDER CALL PLZ)
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05-02-2018, 12:35 PM #16
- Join Date
- Dec 2016
- Location
- Brooklyn N.Y.
- Posts
- 428
Swift is backdooring-
http://dailyfunder.com/showthread.ph...ghlight=beware
Knight is Backdooring-
http://dailyfunder.com/showthread.ph...night+backdoor
Pear is Backdooring-
http://dailyfunder.com/showthread.ph...-Pearl-Capital
New Era Backdooring-
http://dailyfunder.com/showthread.ph...light=backdoor
BFS backdoores-
http://dailyfunder.com/showthread.ph...light=backdoor
ML Factor backdoores-
http://dailyfunder.com/showthread.ph...light=backdoor
The Business Backer backdoores-
http://dailyfunder.com/showthread.ph...light=backdoor
OnDeck backdoores-
http://dailyfunder.com/showthread.ph...kdooring-deals
Yellowstone backdoores-
http://dailyfunder.com/showthread.ph...ghlight=beware
Platinum rapid backdoores-
http://dailyfunder.com/showthread.ph...ghlight=beware
Powerup backdooring-
http://dailyfunder.com/showthread.ph...ghlight=beware
Nulook capital backdoores-
http://dailyfunder.com/showthread.ph...ghlight=beware
Rapid advance-
http://dailyfunder.com/showthread.ph...=rapid+advance
Queen backdooring-
http://dailyfunder.com/showthread.ph...=queen+capital
Strategic (colonial) not paying-
http://dailyfunder.com/showthread.ph...ng-Commissions
Quarterspot is bull****-
http://dailyfunder.com/showthread.ph...ht=quarterspotHigh risk paper
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05-02-2018, 12:41 PM #17
- Join Date
- Nov 2014
- Posts
- 266
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05-02-2018, 12:50 PM #18
what exactly are you trying to accomplish with this.. Some of these threads are extremely old, and some of the companies listed on here are among the most respected in the industry. For someone who has been accused of screwing over numerous people in numerous different threads you are really quick to try to throw someone under the bus. Not all but most of this list are all funders I work with and would highly recommend, I wonder how many people would say that about you
Last edited by J.Celifarco; 05-02-2018 at 12:59 PM.
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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05-02-2018, 01:15 PM #19
Its pretty sad you post this when we can all find tons of threads on you back dooring deals and trying to even rationalize it. My favorite attempt at someone back dooring my deal is actually from you guys, when we first signed up with you we sent over a few high risk deals and one of them was actually a merchant I personally met and you guys called him up within an hour of my submission to pitch him numbers (that I had not received yet ) and the merchant merged me on the call without you guys knowing and even asked if you work with me and to send the application you guys have and you hung up the phone!! Its something I wish i had recorded......it was genuinely golden.
Eagle Funding Group
Phone: (646) 793-6809
Email: info@eaglefundinggroup.net
Web: www.eaglefundinggroup.net
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05-02-2018, 01:16 PM #20
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- Jan 2016
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- 435
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05-02-2018, 02:37 PM #21
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- Mar 2016
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- 657
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05-02-2018, 02:55 PM #22
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- Sep 2012
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- New York, NY
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- 1,780
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05-02-2018, 03:28 PM #23
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- Jan 2018
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- 353
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05-03-2018, 07:51 AM #24Karen37aGuest
Just because the Mca industry is unregulated doesn't mean that parts of it do not have to be in full compliance and abide by certain laws and rules in regards to labour standards, banking standards etc etc.
Just so the little fool knows in advance there is something called "scheme to defraud" when you get up to 10 people that you pull your bs tactics on, you can be charged with it.
Go look up Rico as well
You think you are untouchable in some way.More advice from the long worded woman...stop messing around with people and learn how to conduct business ethically or get a new gig.
These "mca wars" have been interesting
Do you really like brokers nationwide scanning for your uccs , buying files to take your clients away, stack them to infinity or send them to debt relief? Everyone can stay silent on it...brokers can be nasty.And they are wayyyyyyy better in sales than some. I am tired of holding them back from retaliating.
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05-03-2018, 08:08 AM #25Karen37aGuest
Some Isos and brokers are telling these cannibals/ piranhas....stay away from this company and that company and this one...our files/clients are in there and then you are screwing us over too.
Stop purposefully messing with people. Go learn how to sell or create a marketing plan...phone calls, seo, referrals, face to face.
People keep saying the isos are doing things....wrong.( or at least the isos I know) It's the fake funders.
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