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07-11-2022, 07:29 PM #1
- Join Date
- Apr 2015
- Location
- Morristown, NJ
- Posts
- 100
Fundshop
Just caught these guys calling a merchant that I submitted to them, and that someone I submitted to also sent to them apparently. Put my phone number as the merchant number and what do you know, "Chris, from Fundshop's underwriting department" called thinking it was the merchant trying to backdoor me.
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Rich McKellar
www.linkedin.com/in/richardmckellar
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07-12-2022, 12:14 AM #2
this is a practice we used to deal with all the Funders at some point... the bigger Funders that you have a relationship with usually will not happen...sometimes..And now that you know what funder you sent it to than you are aware of the leak? Sad story is that not all Funders have these issues but certain key employees that are on that submissions email are always looking to make some extra money and filter your approvals to sometimes an in house sales team that is directly working for the same funder you are submitting to...
in my past expierence we would create a Google voice number for each funder and have the admins who submit to the Funders change the numbers on app and erase the email in a whole off the application. It is time consuming for the admins but trust me they have the time to get this accomplished. Once you start calling the Funders out, trust me it will cease. They just will backdoor other apps and leave the submissions from you alone...
this is a nasty business we thrive in called the MCA
BUT... everything can be traced and set up for low key spys under the Funders roof..Disclaimer
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World of MCA
E.V.P Business Development
___________________________
"Success is a lousy teacher. It seduces smart people into thinking they can't lose."
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07-12-2022, 12:18 AM #3
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,959
So the application that the merchant signed you are deliberately falsifying the application?
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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07-12-2022, 12:23 AM #4
- Join Date
- Oct 2016
- Posts
- 4,318
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07-12-2022, 06:27 AM #5
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,959
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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07-12-2022, 10:31 AM #6
- Join Date
- Mar 2019
- Posts
- 254
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07-12-2022, 10:38 AM #7
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,959
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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07-12-2022, 09:44 AM #8
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07-12-2022, 02:08 PM #9Disclaimer
This message brought to you by:
CraaaCraaa Radio ®
http://debanked.com/merchant-cash-ad...nce-directory/
World of MCA
E.V.P Business Development
___________________________
"Success is a lousy teacher. It seduces smart people into thinking they can't lose."
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07-12-2022, 02:11 PM #10
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07-12-2022, 11:20 AM #11
- Join Date
- Apr 2015
- Location
- Morristown, NJ
- Posts
- 100
for the places i suspect of backdooring, absolutely. if I get an offer that is being accepted, then i provide the original to them so that they have the correct contact information. You should shut your mouth sometime. I've been around as long, if not longer than you, and I don't just allow scumbag companies to take my clients from me.Last edited by rmckellar; 07-12-2022 at 11:29 AM.
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Rich McKellar
www.linkedin.com/in/richardmckellar
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07-12-2022, 02:06 PM #12Disclaimer
This message brought to you by:
CraaaCraaa Radio ®
http://debanked.com/merchant-cash-ad...nce-directory/
World of MCA
E.V.P Business Development
___________________________
"Success is a lousy teacher. It seduces smart people into thinking they can't lose."
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07-13-2022, 08:00 AM #13
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,490
Take it easy on poor Dave. He's having a tough time standing in front of the abandon K-Mart selling BlockBuster Video memberships. He tried to do this online, but the local Panera Bread would not let him use their phone line so he could access the internet using his dial-up modem.
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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08-05-2022, 12:54 AM #14
- Join Date
- Apr 2018
- Location
- New York City
- Posts
- 34
deleted
Last edited by R_Trains Delayed; 08-05-2022 at 01:22 AM.
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07-12-2022, 08:47 AM #15
I have had nothing but good experiences with Chris.
Steve Benjamin
Professional Business Loans
522 Contessa
Irvine, CA 92620
steveprobiz@gmail.com
https://probizloans.net/
Broker, Underwriter, general business loan expert
949.228.1050
@ 24 hour funding working capital loans
@ Term loans from 3 years to 10 years at 9.5% and up
@ Equipment financing up to 7 years
@ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
@ SBA loans - 7A and 504.
@ Private money equity and debt for major investments
@ Personal Loans up to gross income from personal tax return.
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07-12-2022, 09:18 AM #16
Richard,
The lack of additional details shows the quickness to call this out as backdoor. Did they have a contract signed?
You cant come with this story with very little details. As an UW, I never trust an applications #, email, or address. If I were to call the number on the app when I am working the deal and it belongs to the broker. It's funny when they attack me as to why am I calling the Merchant. Hey Dumbass how am I suppose to do my job then!?The Brokers Nightmare
I don't want peace, I want problems, ALWAYS!
Florida-Based
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07-12-2022, 11:28 AM #17
- Join Date
- Apr 2015
- Location
- Morristown, NJ
- Posts
- 100
I can actually come with this story, because it happened. What is not understood? It's a client that I have had for 3 years, who I have funded over 12 times, and who I am funding now. They called my number thinking it was my client, hung up when I confronted them, have ignored every phonecall thereafter, have ignored emails to their ownership, and I was just letting you all to not send your files there unless you want them stolen.
Hey, if you don't care, doesn't matter to me. There's a reason that I have renewal clients who I have been funding for 10 years now. It's because I'm not a scumbag and because I don't allow scumbags to steal my files just because I gave their 'funding company' a chance.---------------------------------------------------------
Rich McKellar
www.linkedin.com/in/richardmckellar
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07-12-2022, 12:10 PM #18
- Join Date
- Jan 2017
- Posts
- 65
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07-12-2022, 12:28 PM #19
- Join Date
- Mar 2021
- Posts
- 186
There are many times I feel my deals are being stolen from me..(from even the big names)
I would be an idiot to believe those feelings all the time... but I would be a bigger idiot if I didn't think that over the years . 10's of thousands of of my marketing dollars didn't directly line other peoples pockets.
best advice: Work hard.. be honest.. believe in g-d.. and keep your list of funders tight.. also ... dont be scum.Last edited by goatFunding; 07-12-2022 at 12:31 PM.
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08-05-2022, 01:06 AM #20
- Join Date
- Apr 2018
- Location
- New York City
- Posts
- 34
Proof your trashing someone's name this on the internet. Have you tried meeting with them face to face ? If you are going to go this far with trashing a company you need to have Proof.
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07-12-2022, 09:48 AM #21
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,490
How about when people forward someone else's application without the prospect's permission? Broker A sends Broker B's application to a lender.......
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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07-12-2022, 10:01 AM #22
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07-12-2022, 10:17 AM #23
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,490
Just sharing the information without permission can and will get you in trouble.
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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07-12-2022, 11:05 AM #24
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07-12-2022, 12:09 PM #25