[ABC2016]

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.

[NoBigDeal]

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?

[Kevin Henry-Seacoast]

Perhaps they are thinning the heard of brokers like other firms have done and delaying brokers that are not top performers?

[ABC2016]

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?

this is not news or impression this is a bank that used to fund lightning fast now need 5 days to close from when the contract is signed.

[NoBigDeal]

this is not news or impression this is a bank that used to fund lightning fast now need 5 days to close from when the contract is signed.

Ok. You convinced me, EVERY MAN FOR THEMSELVES. DOOMSDAY!!!!!

[Kevin Henry-Seacoast]

um....this might be why. Ooopsie!
https://www.sec.gov/litigation/compl.../comp24432.pdf

[Michael I]

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.

Since they opened that was always their policy just usually fund pretty quick. I have had 3 times over the last 5 years that it did take 3-4 days.not the first time this has happened

[Chambo]

Based on the lawsuit that Kevin posted, I think they probably have their hands full with bigger issues than you couple of deals

[WestCoastFunding]

Is breakout funding again yet?

[Lmonus]

Im heard QS lost a big portion of their credit line and stopped funding until that is taken care of.

[mrmrg]

Rip

[Kevin Henry-Seacoast]

I wonder who else had a line from Direct Lending Investments, LLC. It seems they may have had lines with more people than Quarterspot.

[Onepointwhat]

Also curious if this has any impact on the alleged restructure of Dealstruck.

[ABC2016]

confirmed quarterspot is done for a while...

[fin4all]

confirmed quarterspot is done for a while...

wow..

[brokerCompany]

Confirmed with who? Done for a while? Meaning what exactly? Glad i stopped sending them business

[ABC2016]

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...