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11-06-2018, 06:01 PM #1
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GPR/Business Fin Servi Credit Pulls
We had a customer call in complaining that their credit had been run through a prev broker several times. We had them send a credit report and this company popped up and it sounds like GRP/BFS? It's listed together as GPR/Business Financial Servi with an address of Coral Springs, FL. Is this BFS?
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11-06-2018, 06:29 PM #2
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11-06-2018, 06:29 PM #3
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Soft pulls upfront. Hard pulls on the backend.
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11-06-2018, 06:37 PM #4
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is there a reason they are keeping the GRP name if it's BFS?
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11-06-2018, 06:52 PM #5
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11-06-2018, 06:44 PM #6
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Who did you send the file to GRP or BFS?
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11-07-2018, 01:19 PM #7
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does it matter who to send file to if they are one in the same? still confused from a co branding, why bfs would use other names. is that just to throw out another net in the market to draw business fr brokers?
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11-13-2018, 11:26 AM #8
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anyone have a contact at BFS to discuss?
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11-13-2018, 11:30 AM #9Karen37aGuest
There were 2 Super Isos/ Syndicators ( funding 3-5 million a month independently)
They were bought out by BFS thru a "stock swap" and compensation plan. They ran independently of BFS. I was out of one of the offices.
Once they were bought out they choose to do whatever it is with the merchants the sales force splintered in Tampa, some stayed behind. Enter Karen stage right.
( and I left my small book of business behind, I was only there for a short time...they* a few brokers * were yelling my name across sales floors for 3 years..strangers know me. They are somewhere else watching this and yelling my name. )
My guess is the 1st company looked at it and it went to final underwriting and they pulled the credit again.
Call BFSLast edited by Karen37a; 11-13-2018 at 11:59 AM.
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11-13-2018, 12:09 PM #10
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You think BFS does $3-5 mill a month? You might be a little off. Link below says $300 mill in 2016
https://debanked.com/2017/03/the-top...nders-of-2016/
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11-13-2018, 12:12 PM #11Karen37aGuest
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11-13-2018, 12:13 PM #12
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11-13-2018, 12:18 PM #13John 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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11-13-2018, 12:21 PM #14Karen37aGuest
Had to remove you from the block ( I can still see the comments when not logged in..blocking is not that effective)
Do me a favor. You have no clue as to what you are speaking about. I know exactly how the deals went down and the lawsuits. I am from wall st and I boogied out of there way before **** or lawsuits hit the fan. And I warned people
I am not commenting on them further. Think what you will
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11-13-2018, 12:30 PM #15John 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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11-16-2018, 12:23 PM #16
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11-16-2018, 12:30 PM #17Karen37aGuest
Grp was using Can and then BFS simultaneously
They were preparing to be BFS only...bfs bought them out stock swap...compensation
Grp got the short end of the stick...which i explained clear as day to them
They sued bfs for fraud later on
One of the the ex-persons nn charge of bfs micael marrache also is suing the for fraud ( not sure of the outcome)
he said they * someone blacklisted him after he left ..talked bad about him an damaged his reputation
I guess he wasnt smart enough to make a name "Karen" and flee into the night
( people have posted the lawsuits before)Last edited by Karen37a; 11-16-2018 at 12:37 PM.
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11-13-2018, 12:15 PM #18
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they used to own GBR out of GA do they still own that one? It sounds like what your saying is they acquired two ISO's and now those ISO's are part of the BFS family. Why the credit pulls have two company names merged on credit reports , however, is odd .
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11-13-2018, 12:16 PM #19Karen37aGuest
Last edited by Karen37a; 11-13-2018 at 12:18 PM.
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11-13-2018, 12:33 PM #20
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John, are you saying BFS didnt acquire GRP?
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11-13-2018, 12:38 PM #21Karen37aGuest
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11-13-2018, 12:39 PM #22John 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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11-13-2018, 12:35 PM #23
Last edited by J.Celifarco; 11-13-2018 at 12:38 PM.
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
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11-13-2018, 12:38 PM #24
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- Feb 2018
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karens explanation makes sense why on the credit reports both companies are listed together.
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11-13-2018, 12:45 PM #25Karen37aGuest
I was doing deals with ...i kept asking ( are yo sure this isn't this underwriter) you can tell an underwriters style
They did 18 months ...renewals without a hitch ( i did love their deals)
I was told to go to underwriting school once...they wound up in court
Not sure what their deals are like now, they were very responsive, great renewal teamLast edited by Karen37a; 11-13-2018 at 12:47 PM.
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