Quote Originally Posted by GoodCustomerService View Post
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!
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)