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04-25-2019, 03:37 PM #1
- Join Date
- Oct 2016
- Location
- NYC
- Posts
- 118
Quarterspot
Are they going out of business? Buddy of mine said they told him up to 5 business days to fund a deal. They said they are going through a big change.
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04-25-2019, 04:02 PM #2
- Join Date
- Mar 2016
- Posts
- 657
Obviously, in an industry built on speed, any news or impression that it's lacking with a company could lead you to think that way. But QS is a big company, could be a big change is something we'll all hear about in the coming days?
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04-25-2019, 04:15 PM #3
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,508
Perhaps they are thinning the heard of brokers like other firms have done and delaying brokers that are not top performers?
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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04-25-2019, 04:19 PM #4
- Join Date
- Oct 2016
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- NYC
- Posts
- 118
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04-25-2019, 04:24 PM #5
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- Mar 2016
- Posts
- 657
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04-25-2019, 04:50 PM #6
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- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,508
um....this might be why. Ooopsie!
https://www.sec.gov/litigation/compl.../comp24432.pdfKevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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04-25-2019, 05:18 PM #7
- Join Date
- Jun 2015
- Posts
- 3,326
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04-25-2019, 05:27 PM #8
Based on the lawsuit that Kevin posted, I think they probably have their hands full with bigger issues than you couple of deals
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04-25-2019, 05:34 PM #9
- Join Date
- Oct 2016
- Posts
- 4,318
Is breakout funding again yet?
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04-25-2019, 05:40 PM #10
- Join Date
- Mar 2016
- Posts
- 908
Im heard QS lost a big portion of their credit line and stopped funding until that is taken care of.
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
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04-26-2019, 09:31 AM #11
- Join Date
- Dec 2017
- Posts
- 238
Rip
Last edited by mrmrg; 04-26-2019 at 09:35 AM.
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04-26-2019, 10:37 AM #12
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,508
I wonder who else had a line from Direct Lending Investments, LLC. It seems they may have had lines with more people than Quarterspot.
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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04-26-2019, 11:21 AM #13
- Join Date
- May 2018
- Posts
- 53
Also curious if this has any impact on the alleged restructure of Dealstruck.
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04-29-2019, 02:56 PM #14
- Join Date
- Oct 2016
- Location
- NYC
- Posts
- 118
confirmed quarterspot is done for a while...
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04-29-2019, 03:10 PM #15
- Join Date
- Apr 2019
- Posts
- 318
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04-29-2019, 04:00 PM #16
Confirmed with who? Done for a while? Meaning what exactly? Glad i stopped sending them business
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04-29-2019, 09:16 PM #17
- Join Date
- Oct 2016
- Location
- NYC
- Posts
- 118
My rep said today new approvals have to wait a period of 2-3 weeks minimum once they sign and it’s still not guaranteed that they will fund then. I’m not even sure why they’re still bothering giving out approvals. RIP Quarterspot...
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