Results 126 to 142 of 142
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07-09-2018, 03:25 PM #126
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- Dec 2013
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- 4,713
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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07-09-2018, 03:59 PM #127
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- Jun 2018
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- 462
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07-09-2018, 04:00 PM #128
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- Jun 2018
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- 462
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07-09-2018, 04:10 PM #129Patrick Wilson
Managing Partner
www.PremierCapitalNetwork.com
(NO MORE LENDER/FUNDER CALL PLZ)
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07-09-2018, 04:12 PM #130
- Join Date
- Jun 2015
- Posts
- 3,325
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07-09-2018, 04:28 PM #131
- Join Date
- Dec 2013
- Posts
- 4,713
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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07-09-2018, 04:47 PM #132
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- Jun 2018
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- 462
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07-09-2018, 05:06 PM #133
- Join Date
- Feb 2018
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- 1,349
if you see a trend of high declines, especially once contracts are signed, albeit not because of decision logic /bank logins showing a recent funding or negative banks, it may be time to search for a new funder. the stories we used to hear from "x" funder's at the last minute was unbelievable with 90% of them getting funded elsewhere without any of the same issues.
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07-09-2018, 05:08 PM #134
- Join Date
- Jun 2015
- Posts
- 3,325
I know your head is thick like a rock but eventually if the water keeps dripping it will get through .No one is denying that you fund a ton , hence why i still submit . just do not come on here stating that you do not kill deals and reprice for things known from the beginning . take the criticism and improve . also invest in technology already
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07-09-2018, 05:43 PM #135
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07-09-2018, 06:37 PM #136
- Join Date
- Apr 2017
- Location
- 1301 NJ-36, Bldg#2, Ste#5, Hazlet, Nj, 07730
- Posts
- 143
Value your Referral relationships : Great Read
Very true Karen, Great info. The Industry is coming to an inflection point or critical mass and these problems that are being expressed are from so many new Funders popping up faster then they can go out of business organically because of investor $$$. Wait until we Find out which Funders are ponzi's, frauds, or cooking books and How will that affect liquidity? It happens in every industry eventually, But enough Doom and gloom. instead lets ride this bubble to new heights and invest your time in Funding with Residual income and Larger higher credit clients and better or different financing Products and ones that are complimentary to banks. It is not alwys about a 10% Commission or 35% return on your money, what if a great depression happened ? almost everyone would lose except banks. High risk is good but more risk = More reward or More losses. Future Receivables purchases is Speculation by another name, we are betting on the future which is never guaranteed.
Someone Brought up Strategic, They are a great company and have a good platform. They actually send you an email that states that the following:
"A personal credit report may have been obtained from Experian as part of the application process. In the event the applicant does not receive financing, Federal Regulations require that we notify the applicant in writing of our decision. Unless we are notified in writing (email is acceptable) within the next fifteen (15) business days that this applicant has received comparable financing elsewhere, we will be sending the written notification of our decision to the merchant by email."
Whether Approved or declined their emails authorize them to reach out and there direct sales do reach out to unsold approvals that were not specifically replied to because your silence is consent...We always say the merchant has received Funding elsewhere. They normally do not call right away to pitch it is usually over 1 month, only had 1 issue where they gave us $100k and we brought it back to them and got $136k but they had offered the merchant direct $250k... Only happened once and they did not Fund it died and the merchant came back to us for $250k over 12 months.
Be honest with merchants and let the merchants know what may happen, I train all of my people to walk them through everything that is about to happen.
Everyone should read all emails Thoroughly. Most Iso agreements and or emails or disclaimers say that the deals are the lenders property once submitted and after a certain amount of time they can market and/or contact.
(P.s. Multifamily is always a good investment to)
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07-09-2018, 06:57 PM #137
- Join Date
- Dec 2013
- Posts
- 4,713
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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07-10-2018, 11:17 AM #138
- Join Date
- Mar 2016
- Posts
- 42
InAdvance... we had to cut them off tooo
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07-10-2018, 12:44 PM #139
- Join Date
- Feb 2018
- Posts
- 1,349
so is this all happening because of the high cost of acquisition of new customers, or, is it simply greed taking over? What has propelled so much backdooring and stealing of files.
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07-10-2018, 12:57 PM #140
- Join Date
- Oct 2016
- Posts
- 4,318
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07-10-2018, 01:23 PM #141
- Join Date
- Feb 2018
- Posts
- 1,349
def saturated. when merchants state you are the 10th person calling, it says something.
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07-10-2018, 01:38 PM #142
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,502
When you see the same deal 10 times from various sources because the first guy either lied and said he was a "direct lender" and e-mail blasted it our or he lied and said he knows the direct lender and e-mail blasted it out to 10 other "direct lenders". I am closing a deal now for a company that I cold called. He said he has been speaking with 3 other "direct lenders" that offer factoring. I asked him for the names of said "direct lenders"....they were all brokers. Spoke to him this morning.....he is getting flooded with calls now from "direct lenders"..... I am getting calls too on the same deal.
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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