Results 26 to 50 of 53
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05-10-2018, 10:40 AM #26
I stopped by their office yesterday and they gave me the go ahead to tell you this. SOS Capital automatically declines all of your deals no matter how good they are. I am sure you have noticed this. This is because they have recorded calls where one of your brokers attempts to get one of their underwriters to sell him packages. This was like 2 years ago. But it happened you can check it out no matter what you send them they decline it.
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05-10-2018, 12:24 PM #27
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05-10-2018, 12:35 PM #28
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05-10-2018, 12:54 PM #29
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Well thats just crazy on S.O.S. Part.
Why not contact Owner of Company.
Broker is Terminated.
Relationship continues going strong making money.
This seems childish, I wont address the issue, ill passive aggressively just decline deals like a girlfriend scorn not talking.
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05-10-2018, 01:28 PM #30
I agree Ryan. Why not just cut them off? So they're accepting all the submissions but then declining them just for spite?
Who's the unprofessional now, the lone douche bag employee of EG or SOS Capital? AND they wanted this to come out (more spite) but didn't think how immature of an organization it might make them look and how it might backfire on them (of course assuming that this is all true).
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05-10-2018, 02:04 PM #31
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- Feb 2018
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Because they want the lead. They are not the first or last broker this has happened to behind the iron curtains with some companies.
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05-10-2018, 02:05 PM #32
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- Nov 2014
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- NYC
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David Obstfeld
Chief Executive Officer
SOS Capital
1330 Ave of the Americas, NY, NY 10019
212-235-5455
SOSCapital.com
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05-10-2018, 02:06 PM #33
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Last edited by soscap; 05-10-2018 at 02:12 PM.
David Obstfeld
Chief Executive Officer
SOS Capital
1330 Ave of the Americas, NY, NY 10019
212-235-5455
SOSCapital.com
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05-10-2018, 02:08 PM #34
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- Feb 2018
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- 1,349
here's a question for everyone, how many times has your "lead" been solicited after you submit it by a direct sales team. how many times have you heard "we have no direct sales force" only to find out a co does. how protected are your submissions if you really think about it. have you actually read ISO agreements that state in black and white they OWN the lead once they receive it and have the ability to directly solicit that lead and/or their "affiliates"
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05-10-2018, 02:26 PM #35
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05-10-2018, 02:28 PM #36
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David ... I would never Shame an ISO on the funder/public what your doing is telling all your current ISO's that at some point they can not only get cutt off but can also be aired in public.... I would never do that in public (while on topic the largest A paper funders that submit to us and for what ever reason want to keep their direct marketing to merchants a secreat know marcus would never reveal that info).
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
——————————————————————————
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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05-10-2018, 02:33 PM #37
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- Nov 2014
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- NYC
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David Obstfeld
Chief Executive Officer
SOS Capital
1330 Ave of the Americas, NY, NY 10019
212-235-5455
SOSCapital.com
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05-10-2018, 02:33 PM #38
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05-10-2018, 02:33 PM #39
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05-10-2018, 02:34 PM #40
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- Feb 2018
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(while on topic the largest A paper funders that submit to us and for what ever reason want to keep their direct marketing to merchants a secreat know marcus would never reveal that info).
names, names. which A funders send you business. Now, that one would make a headline for sure.
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05-10-2018, 02:36 PM #41
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05-10-2018, 02:41 PM #42
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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.”
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05-10-2018, 02:54 PM #43
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These types of shenanigans make me sick to my stomach...
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05-10-2018, 03:16 PM #44
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- Feb 2018
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names, names, which A funders shoot deals to cresthill/mantis
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05-10-2018, 03:50 PM #45John 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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05-10-2018, 03:56 PM #46
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05-10-2018, 04:01 PM #47
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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.
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05-10-2018, 04:09 PM #48
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- Sep 2012
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- New York, NY
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It's more important than ever to develop strong rapport with your merchants. Keep the lines of communication always open. Let them know that unscrupulous parties might try to contact them and ask them to notify you if it happens. Position yourself as the customer's advocate. Don't put yourself in a situation where you can get blindsided. If your merchant got funded behind your back and left you in the dark, then you didn't have much of a relationship with him to begin with.
Last edited by MCNetwork; 05-10-2018 at 04:13 PM.
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05-10-2018, 04:09 PM #49
- Join Date
- Mar 2015
- Location
- Boynton Beach
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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
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05-11-2018, 03:20 PM #50
Deleted
Last edited by Han Solo; 05-11-2018 at 05:27 PM. Reason: Deleted
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