Fox Funding Steve Nelken
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  1. #1
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    Fox Funding Steve Nelken

    Another bad lender, Had a deal funded with the 1 month ago and have not been paid from them.
    BS excuse that the merchant missed payments but according to the MTD that we sent to Fox all payments were made.
    Stay away from Fox Funding they don't pay.

  2. #2
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    Says the guy on his first post. You better build some credibility before bringing that fire.

  3. #3
    Myfund55,

    To clarify, the merchant started bouncing two payments in (indicated below), and is considered in default for the 8 missed payments thereafter.

    Boom Limo.jpg

    Per our executed ISO agreement, this $3K deal is in default and therefore commission is not paid. Additionally please note, this was our first deal together and threatening to go to DailyFunder unless commission is paid is egregious and only invites our legal team to review this for potential defamation.

    Fox Business Funding

  4. #4
    Veteran Reputation points: 159073 J.Celifarco's Avatar
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    well that clears that up.. they win you lose period the end
    John 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

  5. #5
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    All of this over a 3k deal?

  6. #6
    Veteran Reputation points: 159073 J.Celifarco's Avatar
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    Well that clears that up.. They win you lose period the end.

    Also is starting all this over a 3k deal really worth it?
    John 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

  7. #7
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    $3K deal? wow. all time low

  8. #8
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    3K funding can be a $300 Commission!! for a single 1 man iso shop... $300 can be 600 additional marketing mailers or can be his grocery money for 2 weeks or his lead openers weekly salary.
    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

  9. #9
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    Quote Originally Posted by mcaguru View Post
    or his lead openers weekly salary.
    Only if he's breaking the law.

  10. #10
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    Quote Originally Posted by mcaguru View Post
    3K funding can be a $300 Commission!! for a single 1 man iso shop... $300 can be 600 additional marketing mailers or can be his grocery money for 2 weeks or his lead openers weekly salary.
    if thats true than you need to close up and go work for someone else or get out of the industry

  11. #11
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    Quote Originally Posted by FoxIso View Post
    Myfund55,

    To clarify, the merchant started bouncing two payments in (indicated below), and is considered in default for the 8 missed payments thereafter.

    Boom Limo.jpg

    Per our executed ISO agreement, this $3K deal is in default and therefore commission is not paid. Additionally please note, this was our first deal together and threatening to go to DailyFunder unless commission is paid is egregious and only invites our legal team to review this for potential defamation.

    Fox Business Funding
    baaam drops the mike

  12. #12
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    Quote Originally Posted by Myfund55 View Post
    Another bad lender, Had a deal funded with the 1 month ago and have not been paid from them.
    BS excuse that the merchant missed payments but according to the MTD that we sent to Fox all payments were made.
    Stay away from Fox Funding they don't pay.
    This thread didn't work out very well for you.

  13. #13
    I think in this case it's ok for Fox to name the ISO. Who was that idiot?

  14. #14
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    Quote Originally Posted by Michael I View Post
    if thats true than you need to close up and go work for someone else or get out of the industry
    You may not realize..All over America you have business capital facilitators that fund 1-2 files a week..they will fund perhaps one 45K Can Capital (per month) A 35K Mantis and a handful of 2-10K files totaling 20K in NYC perhaps an ISO needs to fund a lot to get by... My little 1 man show ISO in Shreveport Louisiana is extremely grateful to fund around 100K!! 6K he will throw back into marketing and 4K (1 k per week for his family!)...300 Commission is a lot to this guy.
    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

  15. #15
    Quote Originally Posted by mcaguru View Post
    You may not realize..All over America you have business capital facilitators that fund 1-2 files a week..they will fund perhaps one 45K Can Capital (per month) A 35K Mantis and a handful of 2-10K files totaling 20K in NYC perhaps an ISO needs to fund a lot to get by... My little 1 man show ISO in Shreveport Louisiana is extremely grateful to fund around 100K!! 6K he will throw back into marketing and 4K (1 k per week for his family!)...300 Commission is a lot to this guy.
    That's because $300 in Louisiana is like $10k in NYC.

  16. #16
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    Quote Originally Posted by mcaguru View Post
    You may not realize..All over America you have business capital facilitators that fund 1-2 files a week..they will fund perhaps one 45K Can Capital (per month) A 35K Mantis and a handful of 2-10K files totaling 20K in NYC perhaps an ISO needs to fund a lot to get by... My little 1 man show ISO in Shreveport Louisiana is extremely grateful to fund around 100K!! 6K he will throw back into marketing and 4K (1 k per week for his family!)...300 Commission is a lot to this guy.
    so you are basically saying that on a good month he makes 4k . brings me back to my point of you will make more for working for an established iso

  17. #17
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    Quote Originally Posted by Michael I View Post
    so you are basically saying that on a good month he makes 4k . brings me back to my point of you will make more for working for an established iso
    4k a month goes far in Shreveport LA...

    The median list price per square foot in Shreveport is $93, which is lower than the Shreveport-Bossier City Metro average of $107. The median price of homes currently listed in Shreveport is $162,500. The median rent price in Shreveport is $780, which is lower than the Shreveport-Bossier City Metro median of $900.
    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

  18. #18
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    Quote Originally Posted by admin View Post
    This thread didn't work out very well for you.
    edit
    Last edited by MidnightAdvance; 10-19-2018 at 04:10 PM.
    High risk paper

  19. #19
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    Quote Originally Posted by MidnightAdvance View Post
    Of course, Fox owns this site.
    ???

  20. #20
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    Two observations:

    1. This guy played himself
    2. Marcus will never STFU

  21. #21
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    Not sure if it that was said in jest. Fox does not have any affiliation or ownership in the site.

  22. #22
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    Quote Originally Posted by MidnightAdvance View Post
    Of course, Fox owns this site. Dumb to bash them here.
    @Mignight - You would should know about threads not working out. Your backdoor thread was legendary.

    Loved the part where you created an account from an alleged "merchant" who self identified as a merchant.

  23. #23
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    Well, at least we all learned that Fox funds microdeals. This thread will probably lead to ISO inquiries.

  24. #24
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    Quote Originally Posted by WestCoastFunding View Post
    Well, at least we all learned that Fox funds microdeals. This thread will probably lead to ISO inquiries.
    Micro deals was coined by me in mca as we fund them back-to-back from morning to Night!
    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

  25. #25
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    edit
    Last edited by MidnightAdvance; 10-19-2018 at 04:10 PM.
    High risk paper

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