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07-17-2020, 11:28 AM #1
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- Apr 2019
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- 318
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07-17-2020, 11:33 AM #2
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- Mar 2015
- Posts
- 90
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07-17-2020, 11:38 AM #3
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- Jan 2017
- Location
- New York, NY
- Posts
- 59
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07-17-2020, 12:15 PM #4
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- Aug 2016
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- 827
Better question is,How do you have someone on the panel that works by one of the biggest scam shops in this industry.I feel this is just a marketing ploy by those scam artist to be a wolf in sheeps clothing.
What 3 months 1.49 10% in fees? try 40 payments 1.59 15% in fees.
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07-17-2020, 12:16 PM #5
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- Jun 2015
- Posts
- 3,322
what is the list of that whole panel full names?
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07-17-2020, 12:45 PM #6
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- Jun 2013
- Posts
- 293
Who on our panel was fired for backdooring?
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07-17-2020, 01:23 PM #7
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- Mar 2015
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- 90
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07-17-2020, 01:47 PM #8
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- Jun 2013
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- 293
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07-17-2020, 01:55 PM #9
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- Mar 2015
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- 90
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07-17-2020, 02:06 PM #10
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- Aug 2016
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- 827
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07-17-2020, 02:14 PM #11
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- Jun 2013
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- 293
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07-17-2020, 02:18 PM #12
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- Jun 2020
- Posts
- 34
Lol. So you claim he wasn't "fired"
However you don't contest the fact that he worked with
Second Chance
Atlas
Midnight
All of which, charge 10-20% fees and usual terms are 20-40 days.
Seems to me like Mr. Francios had zero problem working there.
He just got screwed just like he was screwing his merchants...
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07-17-2020, 02:35 PM #13
- Join Date
- Jun 2013
- Posts
- 293
Bro, I’ve also been apart of those deals. Are you missing the point? We aren’t Angels. We aren’t saying we are better than anyone. What we are saying is there are predators out there, in a lot of industries, including Student Loans, and the DMV, Family Court, and any other institution that receives money from customers regardless of their bad behavior. MCA means nothing to me anymore because I left it. Part of the reason I’m doing this is so guys like Francois don’t choose to backdoor to make money. So people like Amanda aren’t paid like a Janitor in exchange for her hard work, experience and ability to help an organization make Dirty money. I don’t want people like Brian my co host, who a lot of people know as a ISO rep who worked for Pearl for many years, and a genuine, honest individual, to be taken advantage of because he’s not willing to do dirty **** to make a dollar. His integrity is worth more. And all the other people out there in the space that felt disrespected, misunderstood, and misled to sell, or broker, or underwrite, or customer service, and ultimately collect, for people that don’t care about them. The merchants deserve better. Our customers and clients deserve so much better. And anyone who disagrees, please, don’t tune in. You won’t like what we all have to say about you.
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07-17-2020, 12:48 PM #14
They are live
https://www.facebook.com/whoiskingsl...f_t=live_video
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07-17-2020, 01:14 PM #15
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- Jun 2013
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- 293
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07-17-2020, 02:17 PM #16
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- Jun 2013
- Posts
- 293
Glad you tuned in! No, he’s not a predator. But I’m pretty sure I now know who this is and for the love of life, please get a mirror. Stop bashing the “Donkeys” you rode to your success. Francois might not have been YOUR Donkey, but you sure is **** had a whole stable of them.
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07-17-2020, 02:35 PM #17
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- Mar 2015
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- 90
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07-17-2020, 02:40 PM #18
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- Jun 2013
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- 293
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07-17-2020, 03:00 PM #19
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- Mar 2015
- Posts
- 90
Just be consistent. What are you trying to do? Stop predatory lending? Get merchant to use community banks? Or you trying to make it so "guys like Francois don’t choose to backdoor to make money. So people like Amanda aren’t paid like a Janitor in exchange for her hard work, experience and ability to help an organization make Dirty money. I don’t want people like Brian my co host, who a lot of people know as a ISO rep who worked for Pearl for many years, and a genuine, honest individual, to be taken advantage of because he’s not willing to do dirty **** to make a dollar."
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07-17-2020, 03:08 PM #20
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- Jun 2013
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- 293
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07-17-2020, 04:35 PM #21
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- Apr 2020
- Posts
- 191
I was with you when you said you were against people who tricked merchants into believing that they didnt qualify for PPP and then sold them an MCA. However, you are losing me a bit here. I think the best way to frame my question is as follows.
How much (of your hard earned money) would you fund a merchant that has a sub 500 credit score, that has a bad background, and or that only has 3-6 months in business?
Most people would answer ZERO. if thats not your answer then Kudos to you, but in reality these people pose a significant risk to anyone that is funding them, why do you think it's wrong for a Funder to factor his risk into his offers?
without these type of programs all of these credit challenged merchants are literally excluded from obtaining any type of funding.
Yes, if you can go to a community bank or if you can go to any other type of institution that will offer a better rate and term, then you should definitely go there. I just do not understand why you villainize a funder that is willing to take a chance on someone that noone else will even look at.
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07-17-2020, 03:55 PM #22
- Join Date
- Mar 2016
- Posts
- 657
Not that Dave needs any more help boosting his fandom he'll get just from this thread alone, but I'm listening to the 2nd podcast:
https://www.youtube.com/watch?v=nWWS6CtVY7k&t=2129s
Go to about 35 min into it (if you dont wanna listen to the whole thing) and he's speaking some hardcore truths
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07-17-2020, 04:22 PM #23
- Join Date
- Jun 2015
- Posts
- 3,322
On that Facebook link they went through this whole post.At one point Dave looked like he was spacing out and Amanda looked like she was going to deck him .lol good stuff
Dave is primary cap closed or closing?
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07-17-2020, 05:18 PM #24
- Join Date
- Jun 2013
- Posts
- 293
I would fund someone with no credit, if they were a real person with a good business, and was willing to accept guidance from true professionals on how to fix their business and themselves. You may not think I’m a professional, but I am and a lot of people know that. I’m unorthodox And unconventional with my underwriting and operations style, but I do it happily.
As far as community banks, all we want is small business owners to make it their first stop before venturing out into the World Wide Web, cyberspace, or answering a press 1 campaign or click an email to find financing. That’s all. Do community banks decline people? All the time! But most will help their local business get the services they need to get approved in the future, and direct them towards a lot happier of an outcome for their immediate funding needs. Because if they don’t, and that small business owner ends up in the WRONG HANDS in MCA or Fintech, we all know how that story can end.
I’m nobody’s enemy, unless you have no interest in fixing what’s bad in our world.
Good Shabbos!
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07-20-2020, 09:30 AM #25
- Join Date
- Apr 2020
- Posts
- 191
You completely disregarded the real point of my question, yes obviously, if a merchant has bad credit but a great business then of course you would fund them; but what if its not a great business or if you deem that it is not a great business.
How many great businesses out there, at first, looked like terrible businesses until they weren't (Amazon for example)
Thats not the point, the point is, if a funder is willing to take on the risk of funding someone with a crappy business and/or crappy credit rating; why shouldn't they be allowed to factor their risk in their pricing?
Or do you only believe that businesses that you deem to be great deserve a chance at vital funding (even if expensive)
It seems very elitist of you. it seems like you are more romanticizing and offering unrealistic solutions much more than using any pragmatic thinking at all. You've likely never been in the type of position to require emergency funding while having a bad credit history or an unimpressive business.
In reality everyone deserves a chance at obtaining funding, and the funder deserves the right to price the risk into it or the funding will no longer exist for this segment of American Businesses that you look down on.
"In Theory There Is No Difference Between Theory and Practice - In Practice There Is" (Yogi Berra)
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