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09-22-2021, 07:37 PM #1
- 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 #2
- 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 #3
- 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 #4
- Join Date
- Jun 2017
- Posts
- 2,049
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09-23-2021, 10:04 AM #5
- Join Date
- Jun 2017
- Posts
- 2,049
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09-23-2021, 07:41 PM #6
- 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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