Funding Times
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  1. #1

    Funding Times

    Why is that it takes Pearl Capital so long to fund deals when they have all the stips they requested. This is really frustrating. Anyone else out there have problems with them? Thanks

  2. #2
    Senior Member Reputation points: 23085
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    That's not limited to the likes of Pearl, this happens when the staff at these funders increase exponentially. The staffers are typically salary based so their pay is not contingent upon your or any deal closing in particular.

    Other than that, try to find newer smaller guys willing to personally take care of your deal in the interest of building a new relationship with you. I know New Era and Fusion Capital are 2 of them for me.

  3. #3
    New era is quick as y can get with the approvals and closing time they know what there doing and fund with in hours

  4. #4
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    Quote Originally Posted by bigmoney View Post
    Why is that it takes Pearl Capital so long to fund deals when they have all the stips they requested. This is really frustrating. Anyone else out there have problems with them? Thanks
    We've tried out Pearl on a few transactions that we already had approved elsewhere to compare offers. Pearl always has offered a much higher factor, a far shorter term, and about half of the other offer(s). Apples to apples, they are pretty weak overall.

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