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  1. #1
    Member Reputation points: 1158
    Join Date
    Apr 2015
    Location
    Morristown, NJ
    Posts
    98

    What I typically do is I have several funders like Kapitus or On Deck who I know aren't selling my data or backdooring me, I provide them with the application that has the correct info on it. For most other funders, I have a backup application that before the merchant even signs it, auto populates my phone number into those sections and creates a secondary version of the app. If we get an offer and I'm requesting contracts, I provide the application with the correct info on it because I, you know, want the docs to go to the right place. I've personally never had a funder have an issue with it, including this file that I am working to fund right now. I have caught several shops that were 'funders' or who a 'funder' I submitted to forwarded it to, and they've called my merchants trying to steal said files. It is what it is, I've been in this industry too long to hand some shmuck my commissions and I don't care what some douchebag who isnt one of my funders thinks. There's times I have to send files to a new company that I don't have history with and I don't trust them, and this method has served me well to sort out those pieces of garbage who think they have some right to call my merchant, lie to them, and swindle them into a commission.
    ---------------------------------------------------------

    Rich McKellar



    www.linkedin.com/in/richardmckellar

  2. #2
    Quote Originally Posted by rmckellar View Post
    What I typically do is I have several funders like Kapitus or On Deck who I know aren't selling my data or backdooring me, I provide them with the application that has the correct info on it. For most other funders, I have a backup application that before the merchant even signs it, auto populates my phone number into those sections and creates a secondary version of the app. If we get an offer and I'm requesting contracts, I provide the application with the correct info on it because I, you know, want the docs to go to the right place. I've personally never had a funder have an issue with it, including this file that I am working to fund right now. I have caught several shops that were 'funders' or who a 'funder' I submitted to forwarded it to, and they've called my merchants trying to steal said files. It is what it is, I've been in this industry too long to hand some shmuck my commissions and I don't care what some douchebag who isnt one of my funders thinks. There's times I have to send files to a new company that I don't have history with and I don't trust them, and this method has served me well to sort out those pieces of garbage who think they have some right to call my merchant, lie to them, and swindle them into a commission.
    kapitus sends there declines to ondeck just incase you didnt know

  3. #3
    Senior Member Reputation points: 36253
    Join Date
    Oct 2021
    Posts
    212

    Quote Originally Posted by Supremefunding View Post
    kapitus sends there declines to ondeck just incase you didnt know
    And On Deck to Big Think (broker)

  4. #4
    Member Reputation points: 1158
    Join Date
    Apr 2015
    Location
    Morristown, NJ
    Posts
    98

    Quote Originally Posted by Supremefunding View Post
    kapitus sends there declines to ondeck just incase you didnt know
    I personally have never in a decade of dealing with Strategic, now Kapitus, seen any name other than Kapitus, Colonial Funding, or my company for when we white-labeled with them. I have never seen any evidence of this and I submit to both Kapitus and On Deck the same deals all the time. Maybe they do, but I've never seen a single instance of it.
    ---------------------------------------------------------

    Rich McKellar



    www.linkedin.com/in/richardmckellar

  5. #5
    Senior Member Reputation points: 49585 CraaaCraaa Radio's Avatar
    Join Date
    Mar 2017
    Location
    NYC
    Posts
    460

    Quote Originally Posted by Supremefunding View Post
    kapitus sends there declines to ondeck just incase you didnt know
    even if that is true... so what? have you read your ISO agreement with Kapitus aka Strategic ... a pioneer in the industry...
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