[channin19]

Yes and doing pretty well. Thanks for asking.
I would rather make a few thousand dollars on a deal than walk away from it.

10-29-2014, 04:02 PM #12
skideeppow skideeppow is online now
Senior Member

Reputation points: 30 Join Date
Apr 2013
Posts
148

OK, just for some updates here. I have sent a number of deals to these guys. They totally misrepresent this product. Approvals in 30 min and funding in days?
I have one $150k deal that we are going on 6 weeks.
The amount of paperwork is totally out of hand.
Second deal where the merchant followed through, same thing. it has been two weeks and they are now saying that once the documents come in (and this list is 19 documents long) it will take 4 weeks to close.
I would not call this quick or easy. And to only make 1.5%, not a great use of time.

Your point about leaving money on the table is valid and I'd brush aside any criticism from "Finance Master". The quote above is from another thread and you didn't address it there. I've seen the deck but can you give us any more insight into the scenario above? How many deals really are done in 7 business days.

I'd almost put some of the applicants I receive through through the ringer so they can see that they aren't so bankable.