[RevivingDeadPresidents]

Here is the 3K linkedin post if you want to read it



Pedro Arriaga
Pedro Arriaga
CEO at Global Capital Trading
2d
Just had a terrible experience with Mantis/ Cresthill!!



In this day and age there are too many companies that offer the same products and services as you. The main difference is how we communicate with our clients. Communication is Key!



I sent mantis a file on Friday, they received the file and said they will send for underwriting. They made me a small offer for 3k shortly after which the merchant accepted. I sent in more stipulations and requested contracts. We even exchanged a few emails back and forth. The merchant signs the agreement over the weekend and sends over more required documents. I sent the documents back to mantis/cresthill in which they requested more documents. Shortly after mantis received all the needed documents from me I received a Declined email. Normal ;p. The email read" Sorry but we have to decline your file at this time because we have already received the signed contract prior to you submitting the file?.... I was stumped... How??? When??



I called merchant, they were as confused as i was. I called my broker, just as confused.



I called Mantis/Cresthill, they said they had the file since June and they were just missing some information.

[WestCoastFunding]

Here is the 3K linkedin post if you want to read it



Pedro Arriaga
Pedro Arriaga
CEO at Global Capital Trading
2d
Just had a terrible experience with Mantis/ Cresthill!!



In this day and age there are too many companies that offer the same products and services as you. The main difference is how we communicate with our clients. Communication is Key!



I sent mantis a file on Friday, they received the file and said they will send for underwriting. They made me a small offer for 3k shortly after which the merchant accepted. I sent in more stipulations and requested contracts. We even exchanged a few emails back and forth. The merchant signs the agreement over the weekend and sends over more required documents. I sent the documents back to mantis/cresthill in which they requested more documents. Shortly after mantis received all the needed documents from me I received a Declined email. Normal ;p. The email read" Sorry but we have to decline your file at this time because we have already received the signed contract prior to you submitting the file?.... I was stumped... How??? When??



I called merchant, they were as confused as i was. I called my broker, just as confused.



I called Mantis/Cresthill, they said they had the file since June and they were just missing some information.

My guess: Mantis was using Vader. Another broker got docs into Vader before Mantis/Cresthill, and Mantis was rejected. Mantis then sent the decline to the broker.

Would be willing to bet money on that.

[Michael I]

My guess: Mantis was using Vader. Another broker got docs into Vader before Mantis/Cresthill, and Mantis was rejected. Mantis then sent the decline to the broker.

Would be willing to bet money on that.

nice knowing you

[Karen37a]

nice knowing you

The worst part of it all will be when you realize "Karen wasn't crazy"

[WestCoastFunding]

nice knowing you

Ha. Or maybe it was someone else using Vader. But I can almost guarantee it was caused by using someone else’s platform.

[mcaguru]

My guess: Mantis was using Vader. Another broker got docs into Vader before Mantis/Cresthill, and Mantis was rejected. Mantis then sent the decline to the broker.

Would be willing to bet money on that.

we don't work with Vader ...we have our own (one of the largest ) MICRO FUNDING PROGRAMs ... turns out we got the contract back from Another ISO in June (once contracts back in other ISO has 30 days to close the deal) we still did not fund this file and on 7/31/18 the lock up expires and Pedro can fund this file....

[Karen37a]

Real Talk

if you are 12 years in the business then you know non competes and contracts work both ways. If they broke their end of their agreement you cant be held to your side in a court of law.

Some of us honoured non-existant non-enforceable non competes just for "show"

And the poorly written ones ...depends on the state, certain states throw it out in its entirety or some elect to enforce only certain provisions

My companies non compete is rock solid...if i terminate for fraud/theft, egregious acts, tortious interference. stacking, backdooring , ... I seriously never had to terminate before until these last years...geez

That other company needs to speak up if something went wrong

** I am not a lawyer check with one

[tcraig]

Thanks for all the posts here.Its frustrating when really all we have is our word and reputation. Greenlite Capital has neither in my opinion

[fundingsmbs]

to be fair, many funders send files to other funders. i.e. their declines, deals they don't want to fund, renewals they want off their books and accelerate an early payoff to re purpose their money for other deals and cash flow, etc etc. this is nothing new but how it is. the grey area, and will always be grey is, do any of them take brokers deals and send them off. some will say yes, its happened to them (broker) and others will say its never happened. Add in direct sales and you add another element of grey area. I remember one time in the past that I got a response fr a company saying deal already received from another ISO. We called merchant they swore up and down they never submitted app to anyone, and, later found out the co just wanted to feed their inside sales rep and they ended up having to overturn the decline to submission received. The first to contract policy also has been attacked numerous times as a close connected ISO inhouse can get credit for deal over another ISO. There are hierarchy tiers within the walls of ISO partners. Some are VIP, others are not. Some also create their own entity ISOs to unload deal flow to submit elsewhere. It's a mess honestly.

[Karen37a]

Some are VIP, others are not. Some also create their own entity ISOs to unload deal flow to submit elsewhere. It's a mess honestly.

I had an a paper funder snatch my sale at the close..pass it to someone who hates me...because the person who hates me did a lot of business with them...I never did business with them again...nor will I ever

they are on their last legs too.

I am not the type of person who laughs when someone goes under...I will make an exception for them

[mcaguru]

Karen is it just me ? seems like the POPCORN BAGS (in my daily funder closet) are all going STALE !

[Karen37a]

Karen is it just me ? seems like the POPCORN BAGS that i stock-up on that are in my Daily Funder all went stale !!

Lets all keep it that way and just make money$$$$$$$$

Usually people do not go bezerk unless they are going under..then they lash out at top producers or companies.

soooo...some are left : )

[mcaguru]

Lets all keep it that way and just make money$$$$$$$$

yes but at times this business is as exciting as gargling sawdust (vs family members i have that have exciting food factories etc) so a little excitement is needed other wise the yare going ot have to move me to a lower floor HAHA just kidding !

[Karen37a]

yes but at times this business is as exciting as gargling sawdust (vs family members i have that have exciting food factories etc) so a little excitement is needed other wise the yare going ot have to move me to a lower floor HAHA just kidding !

I think its the calm before the storm of money$$...people do not know who to befriend...if i received 500 million to fund id be the bee's knees

[mcaguru]

I think its the calm before the storm of money$$...people do not know who to befriend...if i received 500 million to fund id be the bee's knees

If you funded that much (Once Commissions Clears) i think all your emails and phones will go silent

[Karen37a]

Marcus..I think we are alone ..lol

[DonMcGrath]

Marcus..I think we are alone ..lol

You’re Never alone, there’s always someone less intelligent than you, like us, especially since all your family members seem to be able to provide loans at the exact same time. Talk about smart stacking, but don’t all those similar last names trigger a flag? Do you substitute some of the vowels?


At www.dumbleads.com we have rubber tipped pencils with your name on them to honor your lineage.

[Lmonus]

If you haven't seen them in a bank statement they are not a funder. Period.

[Karen37a]

If you haven't seen them in a bank statement they are not a funder. Period.

New brokers or smaller independent ones would have no way of seeing who is in bank statements or not

I still have never seen PayPal in statements for some reason...does not mean they do not exist

[Lmonus]

New brokers or smaller independent ones would have no way of seeing who is in bank statements or not

I still have never seen PayPal in statements for some reason...does not mean they do not exist

Good Point.

[Nunya]

New brokers or smaller independent ones would have no way of seeing who is in bank statements or not

I still have never seen PayPal in statements for some reason...does not mean they do not exist

Isn't paypal just doing direct splits?

[Karen37a]

Isn't paypal just doing direct splits?

yes but I am never getting bank statements/ processing statements/ transaction statements or people with pp

Maybe its the industries I target.. It cant be a coincidence

** I do not see square or get people who are dealing with square...I do see Kabbage

[Lmonus]

Isn't paypal just doing direct splits?

I see them taking Weekly debits all the time - saw them twice today.

[Michael I]

New brokers or smaller independent ones would have no way of seeing who is in bank statements or not

I still have never seen PayPal in statements for some reason...does not mean they do not exist

i saw 2 today alone and probably over 30 in the last month. Weekly payments pulling as paypal

Business to Business ACH Debit - Paypal Debit

[Karen37a]

i saw 2 today alone and probably over 30 in the last month. Weekly payments pulling as paypal

Business to Business ACH Debit - Paypal Debit

What industries were they...and are they pp or were they swift?