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  1. #1
    Senior Member Reputation points: 86941
    Join Date
    Feb 2018
    Posts
    1,349

    The whole industry is insestuous. I’ve submitted to top A-paper guys, they strung me along with contracts for days, then declined at funding because they said “we heard he was funded elsewhere.” Immediately Submitted to a B paper guy only for them to straight up tell me “we funded him yesterday. The A paper guys sent it to me.”

    oh, the old kill a deal at the last minute trick. yes, some are famous for that one. during the interview call, we learned that "fill in the blank" meanwhile, it's being funded elsewhere. what a racket.

  2. #2
    Senior Member Reputation points: 341293
    Join Date
    Mar 2015
    Location
    Boynton Beach
    Posts
    3,508

    Again.....know your customer, know your broker, know your capital source.

    Three weeks ago we closed a $3Mil facility that we proposed on over a year ago. At the time we proposed the owner decided to stay with their current finance company because they dropped rate when we walked into the room. They came back to us because the relationship soured after the finance company dropped their rate. I notified the broker that the deal is back in play and if we close they would get their referral fees.

    Do the right thing and people will call you because you offer great solutions and take care of your partners.
    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

  3. #3
    Deleted
    Last edited by Han Solo; 05-11-2018 at 05:27 PM. Reason: Deleted

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