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10-15-2018, 03:55 PM #1Karen37aGuest
And no one needs to keep talking about lowering rates below par value OR protecting them( from brokers constantly)...50% of them are liars and frauds
This isnt happy la la land....its money...people will do a lot for 100k including kill their family for a insurance policy
Do we have bad brokers...yes...bad merchants yes...bad funders yes bad politicians yes bad bankers yes
( bad merchants are the largest category ..beating all the others combines 10 fold)
This is just the reality of wall st and finance..I wish it wasn't
Regulation is a bad bad move...people will see why
And lending into that dead pool at certain rates is juvenile and embarrassing ( Its not my money either...i should want low low rates) I just know everyone will go under.Last edited by Karen37a; 10-15-2018 at 04:04 PM.
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10-15-2018, 04:04 PM #2
this has nothing to do with regulation.. Yes there are bad merchants, this isn't news to anyone here. I just am trying to see what that has to do with regulation.. They pass laws because this industry has gone unchecked for years and has done nothing to regulate itself, so now states are stepping in to do the job. We are not some small thing anymore, the industry is now lending billions of dollars a year,. With numbers like that people are going to start paying attention.
That said what that has to do with a bad merchant who according to your post is killing his family for 100k alludes me. Also 50% of all merchant are not liars and frauds unless you are working on the lowest quality **** deals on the planet. Some merchant are bad always have been always will be but nowhere near what you are making them out to beJohn 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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10-15-2018, 04:06 PM #3Karen37aGuest
read the statistics on the business that go under and defaults
I only have 4/5 I am kicking them out
Massive defaults and no profits for many companies...many isos are under, funders under
( but we need to regulate to protect the default artists and lower the rate)
not many of us left
I won't be going under
...end of the subject...some will never understandLast edited by Karen37a; 10-15-2018 at 04:09 PM.
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10-15-2018, 04:09 PM #4
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,493
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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10-15-2018, 04:12 PM #5Karen37aGuest
I agree with this
But then its a choice of taking funding and trying to stay open ...or going under right then and there
the funders do not have to yield...they are not partners in their future doom
There is a risk factor on the money take it or leave it. They are taking a chance not getting it back...they are not the bank
So I made an ethical decision to screen them and try to get the ones I think can bounce back from something temporary or renovate expand etc
That is not what most people are doing shopping out their **** files that I turned down 4 times
Most cant underwrite files correctly or do not care because it isn't their moneyLast edited by Karen37a; 10-15-2018 at 04:14 PM.
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