Mulligan Funding nonsense
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  1. #1

    Mulligan Funding nonsense

    Dealt with an ISO Rep named Herb at Mulligan, He is very unprofessional. On a 250k deal they dragged their feet for a week and after doing bank log in only called back today (approximately 4 days later) asking to fund it that they are going to redo login and etc. After telling him that we found a different home for this file he proceeded to harass us for the name of the funder who did the deal and then to say we are wasting his time. What are your thoughts? i personally think if in an aggressive industry such as MCA funders who take over a week to fund a deal with contracts, stips and bank login done are really asking us as ISO's to take our business else where.

  2. #2
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    Maybe he was trying to make sure no one double funded. Was there a weekend in between those 4 days? 4 days seems way too long to make a decision.
    Thank you,

    Lior Monus
    Business Development Manager
    CFG Merchant Solutions


    Direct: (646) 880-6764
    Cell: (516) 319-5826
    Fax: (646) 278-7322
    Lmonus@cfgms.com
    180 Maiden Lane New York, NY 10038

    www.cfgmerchantsolutions.com

  3. #3
    Hey lior, This was dragged from Wednesday to today. All of a sudden he calls back today and wants to fund. As you know if we won't get it funded someone else will. We got it funded same terms almost with OnDeck.

  4. #4
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    this is why we really are not recommending anyone or doing shout outs to anyone on these forums. everyone will have a different experience with each funder. one broker could give praise while another could have a horrific story.

  5. #5
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    Quote Originally Posted by fundingsmbs View Post
    this is why we really are not recommending anyone or doing shout outs to anyone on these forums. everyone will have a different experience with each funder. one broker could give praise while another could have a horrific story.
    Yeah but you go after the majority of reviews so it is valuable.

  6. #6
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    Not everyone is going to be as speedy as Mantis -- we are funding by the minute today ! if you not on the funding escalator get on today!!
    Marcus Clapman | Business Development | Cresthill Capital
    (High Commissions Payout Group)
    覧覧覧覧覧覧覧覧覧覧覧覧覧
    Tel: 917-521-6528 | Fax: 212.671.1473
    Email: bizdev@cresthillcapital.com
    http://www.cresthillcapital.com

  7. #7
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    you went to mulligan before Ondeck?

  8. #8
    Quote Originally Posted by Sachip24 View Post
    you went to mulligan before Ondeck?
    Unfortunately we thought On deck was not going to approve the file. But we were surprised lol

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    Quote Originally Posted by Michael_Prompt View Post
    Dealt with an ISO Rep named Herb at Mulligan, He is very unprofessional. On a 250k deal they dragged their feet for a week and after doing bank log in only called back today (approximately 4 days later) asking to fund it that they are going to redo login and etc. After telling him that we found a different home for this file he proceeded to harass us for the name of the funder who did the deal and then to say we are wasting his time. What are your thoughts? i personally think if in an aggressive industry such as MCA funders who take over a week to fund a deal with contracts, stips and bank login done are really asking us as ISO's to take our business else where.
    Since when is a "Thursday to late Monday" response a horrible unacceptable thing? Did they steal your deal? Did they harm your business? Do they owe you a "same day" response?
    High risk paper

  10. #10
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    Quote Originally Posted by fundingsmbs View Post
    this is why we really are not recommending anyone or doing shout outs to anyone on these forums. everyone will have a different experience with each funder. one broker could give praise while another could have a horrific story.
    Some people like Iphones and others swear by Samsung. The point is if enough people tell you Samsung is much better...you'll likely go that route. And yet, Iphones will still kill it in the industry

  11. #11
    Mulligan pays nothing on renewals 8% on Net FUNDED!!!!

    Thats the worst Ive ever seen

  12. #12
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    Quote Originally Posted by MidnightAdvance View Post
    Since when is a "Thursday to late Monday" response a horrible unacceptable thing? Did they steal your deal? Did they harm your business? Do they owe you a "same day" response?
    Since when is that not lol that is a pretty long time

  13. #13
    Senior Member Reputation points: 116856 ridextreme's Avatar
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    Quote Originally Posted by Michael_Prompt View Post
    Hey lior, This was dragged from Wednesday to today. All of a sudden he calls back today and wants to fund. As you know if we won't get it funded someone else will. We got it funded same terms almost with OnDeck.
    How was it dragged from Wed when it was a holiday?

    After the bank verification, did you just sit and wait for all those days? Did you try calling him to get a status?

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    Quote Originally Posted by Michael_Prompt View Post
    Hey lior, This was dragged from Wednesday to today. All of a sudden he calls back today and wants to fund. As you know if we won't get it funded someone else will. We got it funded same terms almost with OnDeck.
    Damn - Maybe they ran out of Capital. I hear stories of funding companies running out of money and needing to shelf deals until they raise the capital.

    Regardless, 4 days is wayyy too long. 2 days is way too long let alone 4. It worked out in the end though, OnDeck surprised you with what they are capable of.

    Good luck to you man. Careful who you submit to.
    Thank you,

    Lior Monus
    Business Development Manager
    CFG Merchant Solutions


    Direct: (646) 880-6764
    Cell: (516) 319-5826
    Fax: (646) 278-7322
    Lmonus@cfgms.com
    180 Maiden Lane New York, NY 10038

    www.cfgmerchantsolutions.com

  15. #15
    Quote Originally Posted by MidnightAdvance View Post
    Since when is a "Thursday to late Monday" response a horrible unacceptable thing? Did they steal your deal? Did they harm your business? Do they owe you a "same day" response?
    Midnight you have no right to talk about anything. It's cause of half ass lenders like you the industry is going to ****. And it was Wednesday to Tuesday. And no they are not you guys they didn't steal my deal. Only Solomon tries stealing.

  16. #16
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    Have you signed up with us yet and experience the stellar customer service I offer to all of our partners?
    Paul Boxer
    Merchant Marketplace

    Chief Operating Officer
    Chief Revenue Officer

    Cell: (516) 805-9209
    paul@merchantmarketplace.com
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  17. #17
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    We fund same day with signed contracts, stips, clear scans of COJ, and updated tracking on the COJ no matter what size deal. If you are not currently working with YSC please feel free to give me a call.

  18. #18
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    ^No.

  19. #19
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    Quote Originally Posted by fundingsmbs View Post
    ^No.
    LOL ok bud. Ask about me.

  20. #20
    Karen37a
    Guest
    I don't know about Mulligan but Paul Quicksilver and Anthony Yellowstone are great at what they do.

    ** there are others so I don't start a war

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