[abfunders]

Steve, are you so naïve to think that if the funder won't pay commissions that they're going to do right by the merchant also and not overcharge him, bait and switch, promise term loans or LOCs, slap on UCCs and refuse to release them, and hold his business hostage when they overcharge him and file suit against them in the NY courts systems? Just because you saw them advertising on DF doesn't mean that they are any good. Our job as brokers is to bring our merchants to people who will be a good relationship for the clients, not just "get your funding here". We're talking about peoples lives here. Hybrid/World Global Fund/MNS/Brickstone/Safe Vault.... look them up on the NY court systems and see who's in charge and which side of the lawsuits they're on.

[Olderguy]

Steve, are you so naïve to think that if the funder won't pay commissions that they're going to do right by the merchant also and not overcharge him, bait and switch, promise term loans or LOCs, slap on UCCs and refuse to release them, and hold his business hostage when they overcharge him and file suit against them in the NY courts systems? Just because you saw them advertising on DF doesn't mean that they are any good. Our job as brokers is to bring our merchants to people who will be a good relationship for the clients, not just "get your funding here". We're talking about peoples lives here. Hybrid/World Global Fund/MNS/Brickstone/Safe Vault.... look them up on the NY court systems and see who's in charge and which side of the lawsuits they're on.

Micah:

I see your point but I can't chase every lender's history....I recognize there will always be a percentage that will "screw' people and it's just part of this industry's business model. I have had MAJOR lenders on this site "screw" me out of tens of thousands of dollars. 7 deals $1.3M and ended up with $2,500 commission 4 months later. It is what is it. It's the scorpion on the frog situation. If you can't take the heat, remove thyself from the kitchen.

[mistamca]

Micah:

I see your point but I can't chase every lender's history....I recognize there will always be a percentage that will "screw' people and it's just part of this industry's business model. I have had MAJOR lenders on this site "screw" me out of tens of thousands of dollars. 7 deals $1.3M and ended up with $2,500 commission 4 months later. It is what is it. It's the scorpion on the frog situation. If you can't take the heat, remove thyself from the kitchen.

No shot any major funder would screw you out of commission. I believe you were screwed out of commission but it was by a major funder. If you funded 1.3mm and only received $2,500, then you do not understand how to source funders and really do not understand this industry. Actually, funding 1.3mm and only receiving $2,500 is comical as hell lmao

[Olderguy]

No shot any major funder would screw you out of commission. I believe you were screwed out of commission but it was by a major funder. If you funded 1.3mm and only received $2,500, then you do not understand how to source funders and really do not understand this industry. Actually, funding 1.3mm and only receiving $2,500 is comical as hell lmao

Buddies of the owner of my former company...They are "good guys" he said ..Owner of major lender and all his brothers........It is what it is....

[abfunders]

Buddies of the owner of my former company...They are "good guys"...Owner of major lender and all his brothers........It is what it is....

I think that they paid your owner, and your ex-boss screwed you.

[Olderguy]

I think that they paid your owner, and your ex-boss screwed you.

Nah they said they used all the money and couldn't pay me 5 months after they got the money...$2,500 fee allowed by the SBA on $150,000 loan for each.

[mistamca]

Nah they said they used all the money and couldn't pay me 5 months after they got the money...$2,500 fee allowed by the SBA on $150,000 loan for each.

Hold up. The funder/broker/leader that you used said that they could not pay you the commission because they used all the money??? You gotta be trolling now