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  1. #1
    Senior Member Reputation points: 60165
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    Merchants expecting the world

    These merchants with 2+ positions looking for monthly deals at 7 percent
    because this is what the past broker put in their head because the obv have 0 sales skill and flat out lie in order to close the deal for 50% deal over 3 months

    just annoying as FCUK

  2. #2
    Senior Member Reputation points: 69645
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    Mar 2016
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    Story of our lives man.
    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
    Senior Member Reputation points: 60165
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    Quote Originally Posted by Lmonus View Post
    Story of our lives man.
    yepp getting alot of paper and offers lately but seems like they've all been burnt and are not going with decent 3rd positions

  4. #4
    Senior Member Reputation points: 81655
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    Quote Originally Posted by BROKER TIME View Post
    These merchants with 2+ positions looking for monthly deals at 7 percent
    because this is what the past broker put in their head because the obv have 0 sales skill and flat out lie in order to close the deal for 50% deal over 3 months

    just annoying as FCUK
    Without knowing the complete file, an SBA may be possible.

    SBA @ 8% / 120 Payments / No Prepayment Penalty
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

  5. #5
    Veteran Reputation points: 134971 Chambo's Avatar
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    Quote Originally Posted by BROKER TIME View Post
    These merchants with 2+ positions looking for monthly deals at 7 percent
    because this is what the past broker put in their head because the obv have 0 sales skill and flat out lie in order to close the deal for 50% deal over 3 months

    just annoying as FCUK
    Rookies desperate for paper will say, and sometimes do, almost anything to get the file in. HOPING, that when the REAL #'s or offers hit, the merchant will just throw up their hands and acquiesce.

    Of course, this just makes the merchant frustrated and angry, which the next person to call has to deal with

  6. #6
    You can get a monthly payment deal at 7% on a 3rd position.....its called defaulting on your first 2 positions and settling for pennies on the dollar with them both at $25 weekly payments (cause MCA collectors suck and a coached Merchant is dangerous), then you pay a once a month fee (or in some cases a one time fee) to the broker who told you how to do it as a 3rd position.

    Lovely World we Live in today. Where has the integrity gone?

  7. #7
    Senior Member Reputation points: 54975
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    Cant write much i'm eating my Lunch !
    Marcus Clapman | Business Development | Cresthill Capital
    (High Commissions Payout Group)
    ——————————————————————————
    Tel: 917-521-6528 | Fax: 212.671.1473
    Email: bizdev@cresthillcapital.com
    http://www.cresthillcapital.com

  8. #8
    Senior Member Reputation points: 86751
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    we are funding 1000s of files daily and paying double digit commissions to all of our brokers. we have the UW's like an assembly line making offers every second. We are up until midnight funding paper for brokers and snorting lines to keep up with the demand. we are on pace to outfund more than kabbage odc and square Q4 and are planning a visit to south america to keep buying more coke to make our uws more efficient at making offers no matter what the file looks like.

    wait! im sounding like other folks on here now! ive been infected!

  9. #9
    Senior Member Reputation points: 60165
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    Quote Originally Posted by fundingsmbs View Post
    we are funding 1000s of files daily and paying double digit commissions to all of our brokers. We have the uw's like an assembly line making offers every second. We are up until midnight funding paper for brokers and snorting lines to keep up with the demand. We are on pace to outfund more than kabbage odc and square q4 and are planning a visit to south america to keep buying more coke to make our uws more efficient at making offers no matter what the file looks like.

    Wait! Im sounding like other folks on here now! Ive been infected!
    lolllllllllllllll

  10. #10
    Banned Reputation points: 179851
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    Jun 2017
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    I have a merchant now with a Principis 1st position. Since he took out his first he has defaulted on a mortgage and his credit score dropped by 150 points. I offered him a 1.49 75 day term (literally the highest dollar amount approval ) but only thing i can get him is under 6 months 1.45 to 1.49 and he is expecting principis pricing/terms not taking into account his drastic change in situation.

    Merchants are crazy and entitled

  11. #11
    Senior Member Reputation points: 38639 patrickw's Avatar
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    Quote Originally Posted by fundingsmbs View Post
    we are funding 1000s of files daily and paying double digit commissions to all of our brokers. we have the UW's like an assembly line making offers every second. We are up until midnight funding paper for brokers and snorting lines to keep up with the demand. we are on pace to outfund more than kabbage odc and square Q4 and are planning a visit to south america to keep buying more coke to make our uws more efficient at making offers no matter what the file looks like.

    wait! im sounding like other folks on here now! ive been infected!
    lmfaoo :O
    Patrick Wilson
    Managing Partner
    www.PremierCapitalNetwork.com

    (NO MORE LENDER/FUNDER CALL PLZ)

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