Dealstruck Approval Alert More like broker alert

**Thegoodbroker** · 04-15-2021, 06:38 PM

Some of my old customers are getting hit by "dealstruck" offering deals but then they are then presented (bait and switch) with offers from other funders. they are now brokers and are targeting all leads sent to them before. the open up with 5 year term loan and then try to close a 8 month mca from greenbox. Not Cool. I am sure "Loanme" will do same after a while.

**ABillionPoints** · 06-07-2021, 01:10 PM

So you have merchants you funded with greenbox that are now randomly getting hit up by another broker? Was this during the period of them holding a balance with greenbox or after they paid off?

**Steven_O** · 06-07-2021, 06:02 PM

Im getting texts from "Jennifer" at Dealstruck... hmm...

**ABillionPoints** · 06-08-2021, 09:20 AM

Where were you subbing those deals?

**Thegoodbroker** · 06-08-2021, 06:39 PM

Originally Posted by ABillionPoints

So you have merchants you funded with greenbox that are now randomly getting hit up by another broker? Was this during the period of them holding a balance with greenbox or after they paid off?

no. My customers are getting approached by dealstruck and then getting sent to greenbox for funding. dealstruck used to be a lender a few years ago. now they are just a broker i guess.

i used to deal with them back in 2017 doing weet deals. i havent used thm in 3 years but they are hitting up my customers.

Same old bs.

**SBF** · 06-17-2021, 01:44 PM

Originally Posted by Thegoodbroker

no. My customers are getting approached by dealstruck and then getting sent to greenbox for funding. dealstruck used to be a lender a few years ago. now they are just a broker i guess.

i used to deal with them back in 2017 doing weet deals. i havent used thm in 3 years but they are hitting up my customers.

Same old bs.

Oh DAMN.. I sent tons of deals to Deal Struck between 2015 and 2017.... thanks for the heads up!

**Jeremy Swiss** · 06-17-2021, 02:32 PM

Can we see proof before you go and accuse companies?

**fundingsmbs** · 06-17-2021, 03:39 PM

its always a sketchy situation. a funder works with other funders to monetize deals, or, offload deals for a faster payoff, or, a poor performing customer. has been going on for a long time.

**LoanMe_JG** · 06-17-2021, 05:59 PM

Originally Posted by Thegoodbroker

Some of my old customers are getting hit by "dealstruck" offering deals but then they are then presented (bait and switch) with offers from other funders. they are now brokers and are targeting all leads sent to them before. the open up with 5 year term loan and then try to close a 8 month mca from greenbox. Not Cool. I am sure "Loanme" will do same after a while.

Hi there,

LoanMe Senior National Accounts Manager here. What evidence or facts do you have that would make you think LoanMe would engage in this kind of practice, given how long we've been in this space with zero issues?

Thanks.

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