Unjustified NAMAA Tag
Need a Funder or Vendor? START HERE

Results 1 to 14 of 14

Hybrid View

  1. #1
    Quote Originally Posted by GRP Funding View Post
    If we see a merchant tagged in NAMAA, we usually reach out to a contact at the other company to find out more info. The company looking at the deal might be comfortable with the information they got from whoever put them in the database.
    This is a good way to handle it, though not every company handles it that way. Isn't there a way for the business name to be cleared somehow, especially in a situation where the ownership may have changed?


    Edited 7/31/14 2:28 for phrasing
    Last edited by SuperFunds; 07-31-2014 at 02:28 PM.

  2. #2
    NOT
    Allowing
    Merchant
    Another
    Advance
    NAMAA!!!!!

  3. #3
    Senior Member Reputation points: 820
    Join Date
    Jan 2013
    Location
    Berlin, CT
    Posts
    191

    Quote Originally Posted by SuperFunds View Post
    This is a good way to handle it, though not every company handles it that way. Isn't there a way for the business name to be cleared somehow, especially in a situation where the ownership may have changed?
    There is a pretty good line of communication between members. The company that added them would have to remove them. Just because the ownership changed doesn't mean that the new owners are in the clear. I understand that they could be, but there must be something that the reporting company isn't comfortable with.

  4. #4
    Senior Member Reputation points: 1422
    Join Date
    Dec 2013
    Location
    Connecticut
    Posts
    332

    I agree Brian, this other company is choosing to not return phone calls or comment on the matter. MCC is left without options forcing us to sit back and wait.

    My biggest gripe is that the deal has paid 2 advances back already, ahead of pace and we can't renew within weeks of paying off. Mind blowing.

Similar Threads

  1. Replies: 42
    Last Post: 06-19-2014, 03:21 PM
  2. Namaa initiates no stacking policy for lenders: Who is namaa?????
    By 1StopFunding in forum Merchant Cash Advance
    Replies: 11
    Last Post: 04-15-2014, 09:48 AM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

Lendistry welcomes new CFO
LegalZoom partners w/ businessloans.com
iBusiness Funding acquires Funding Circle


DIRECTORY