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09-17-2021, 10:10 AM #1
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- Jun 2017
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- 2,049
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09-17-2021, 11:54 AM #2
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,948
Real Simple - A file would not be submitted to underwriting without me personally speaking to a merchant.
plus, we never submit a partial file thru referrals - which 90%+ are incomplete
I will not waste an underwriters time on incomplete files
Keep in mind our main focus is SBA & Credit Card Splits MCA's and to a lesser extent - Hard Money Loans.Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
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09-22-2021, 06:09 PM #3
- Join Date
- Aug 2016
- Posts
- 275
Please stop posting gibberish you make zero sense!!! First you say you need to speak to a merchant to UW a file? No actually you just need an app with a Business name, address, EIN, merchant name, personal address, SS and DOB signed and dated along with some bank statements. That's all you need to provide until contracts are signed, once signed then ofc you can speak to the merchant but that's not what the poster said. Then apparently you need to speak to each merchant personally b4 submitting to UW? In what world? I understand looking over a file before sending it out, but speaking to the merchant personally that's not even yours? Cmon Dave..
PS: Please update you website
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09-22-2021, 07:37 PM #4
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,948
Yes, All files that come to my desk are my responsibility - The Bank and my funders pays me - therefore I'm responsible for the information on a application
So in the real world, YES, I speak to every merchant that is attempting to secure funding. Main Question, besides the accuracy of info.
Usage of funds - what is the merchant's plan for $$$ - Guess how many apps I receive - Usage of funds - brokers answer - "Max Offer"
That does not and will not pass muster.
BTW, what is your web site? Your contact info ?Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
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09-23-2021, 09:28 AM #5
- Join Date
- Feb 2017
- Posts
- 3,426
Dave, you must either be on drugs or you're not very intelligent. Your original rhetorical question was, "Educate me - How does a funder underwrite a file without contacting the customer?" Now you're writing about "A file would not be submitted to underwriting without me personally speaking to a merchant" and you're talking about brokering and pre-screening BEFORE underwriting.
Stop the nonsense and quit while you're way behind.
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09-23-2021, 10:02 AM #6
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,948
This was the statement " First you say you need to speak to a merchant to UW a file?" - Yes, I speak with all merchants prior to submitting the file to the Bank of if it is a MCA/Hard Money Loan/Credit Card Processing - the same standard.
Shocking News Bulletin - Brokers have been known to fabricate applications -Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
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09-23-2021, 10:05 AM #7
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- Jun 2017
- Posts
- 2,049
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09-23-2021, 10:04 AM #8
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- Jun 2017
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- 2,049
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09-23-2021, 07:41 PM #9
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,948
Why do you think it is so hard to speak to a merchant, have a conversation, learn about their business, answer their questions.
Will this be a good merchant to fund ?
Take a guess at how many times I've been sent an application and after speaking with a merchant, correcting information
that was not accurate?Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
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09-23-2021, 07:22 PM #10
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,948
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
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09-24-2021, 08:53 AM #11
- Join Date
- Feb 2017
- Posts
- 3,426
Dave, do you realize you keep digging yourself deeper? A phone number is unnecessary for contracts. You obviously don't fund very much, since a lot of funders prepare contracts, and don't execute them until they do the final underwriting is verified and you speak with the merchant. I guess you're different, because you're a broker, an underwriter, and a direct lender, so you have rights to question everyone else's business practices. And to top it off, you said (and I quote) "EDUCATE ME" and you don't want to be educated.
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09-24-2021, 09:41 AM #12
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,948
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
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09-24-2021, 11:58 AM #13
- Join Date
- Feb 2019
- Posts
- 209
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09-24-2021, 01:26 PM #14
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,948
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
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09-24-2021, 06:42 PM #15
- Join Date
- Feb 2019
- Posts
- 209
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09-24-2021, 09:14 PM #16
- Join Date
- Apr 2019
- Posts
- 318
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09-27-2021, 12:58 PM #17
- Join Date
- Mar 2018
- Location
- Salt Lake City, UT
- Posts
- 86
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