[CT3]

We had a funder decline a deal right as we were going to order contracts because they pulled business credit at that time. Does any other funder do this? We haven't run into this situation before. Turns out, they aren't putting out approved offers, rather soft offers.

Soft approvals are trash. Don't waste your time with them. Any funder who can't afford to pull credit/background/spend a few minutes underwriting your file to give you a real offer, you shouldn't be sending them any deal flow. Soft approvals are based on basic financials and credit AT BEST. No background. Usually no credit. Definitely not business credit, etc. Don't waste your time. Too many deals will die.

Go hard or Go home.

[Finalfund]

Soft approvals are trash. Don't waste your time with them. Any funder who can't afford to pull credit/background/spend a few minutes underwriting your file to give you a real offer, you shouldn't be sending them any deal flow. Soft approvals are based on basic financials and credit AT BEST. No background. Usually no credit. Definitely not business credit, etc. Don't waste your time. Too many deals will die.

Go hard or Go home.

On cleaner deals, yes I hear that but on more high risk stuff everyone knows that the chance of the deal going through is a toss up.
all depends on what types of deals ur looking to do and who u do it with