[brokerCompany]

Funding Metrics / Lendini? these guys good?

[ABC2016]

Funding Metrics / Lendini? these guys good?

Not good, the best! If you need contact info let me know. Best 2-4 position funder in the game.

[fundingsmbs]

bad experience.

[ABC2016]

bad experience.

how long ago was this? im sure it was a 1 off thing

[swiftcloser]

.....

[ABC2016]

Yea, not a fan. I will tell you why too, and maybe someone can come in and back me up. I have given them a few solid deals and they get killed in final UW a lot. They don't seem to UW the deal upfront. Which normally would be okay, but they are extremely stip heavy. ID, VC, Taxes, P&L sometimes, payback months, COJ, Bank Verification. After all that they have a UW call and then a funding call, a few times I have had files killed during this call, its always for some silly reason that they saw 4 days earlier had they UW the deal upfront. I turn around and place the file someplace else for a better rate and half the BS.

The only time something can and will die is if the merchant was funded mid month other than that there is usually no issues. Even in that case they can just lower the approval.
Only stips required under 100k are DL/VC. Over 100k requires only 1 more financial, and they are pretty flexible. Most importantly is they are one of the first to do away with coj's for any amount. Everest requires COJ over 100k and site inspection over 50k which usually takes 2 days to get a deal done.

Do you want to give my rep a chance?

[swiftcloser]

......

[fundingsmbs]

we ditched them after they killed a new deal after stipping to death and a renewal and realized they acted like they didn't give a F about our business.

[Zonefund]

I don't want to call anyone out by name here, because it's unprofessional, and maybe Lendini has changed some of their process, as the last time I funded with them was 6mo ago. I'm happy to hear about the COJ! I will just say that two of my merchants were not funded and they both had no advances (first position) a BV was done day of funding, all stips were met, and they were killed during final interview with head of UW. The last one the reason given was they don't fund Sole Props in California, which isn't true. Thats when I threw my hands and ditched them.

Lendini is a ****ing joke.

[KINGCASH]

One of the best hands down

[fundingsmbs]

lol bump...

[ADiamond]

Yea, not a fan. I will tell you why too, and maybe someone can come in and back me up. I have given them a few solid deals and they get killed in final UW a lot. They don't seem to UW the deal upfront. Which normally would be okay, but they are extremely stip heavy. ID, VC, Taxes, P&L sometimes, payback months, COJ, Bank Verification. After all that they have a UW call and then a funding call, a few times I have had files killed during this call, its always for some silly reason that they saw 4 days earlier had they UW the deal upfront. I turn around and place the file someplace else for a better rate and half the BS.

sounds like common practice for most b-c paper funders, and you sound like most ISO's complaining about it. imagine having to underwrite every submission?

i offer a soft uw upfront on accepted offers, but it's not practical to expect a funder to underwrite every file fully upfront.

i don't understand the concept of ISO's telling their clients that "all that's needed is a login & funding call and done!"

please show me where people can access large sums of capital as easily as sending an app & bank statements, then signing some papers same day ?

[Nunya]

please show me where people can access large sums of capital as easily as sending an app & bank statements, then signing some papers same day ?

they're all out of business (or soon will be).

[ADiamond]

they're all out of business (or soon will be).

my point exactly lol

i mean, it's feasible - but to expect a funder to not uw a file after docs are signed is just silly.

not saying it's unheard of, but there's a trade off, and that is - you wait 48+ hours for an offer on your files

which is common for A paper funders/lenders

[swiftcloser]

.....

[HFS]

Funding Metrics / Lendini? these guys good?

Once you understand what deals they like and use the 132 day max to your advantage they will fund!
We have funded numerous deals and this year have syndicated on 100% of deals we do with them.
Lendini Funds!

[HFS]

Lendini is a ****ing joke.

Why are they a joke? The know their box and fund.

[AllCap]

Yes, Nick and his team are solid.

[moneygreen]

They have a solid team, ask for jacob when you sign up

[Zonefund]

Idk, lendini stips hard, and they kill deals on the mi often and do come up with an excuse when really they don't like the merchant.

I personally don't send them deals, as ebf/kcg/argus typically beat them on every single one of my deals.

What they're really good at is 135 days on days that qualify for it in 2nd and 3rd... other then that, that's it..