[FCF Fund]

Yep, Most ISOs don't realize that almost all the big name funders in the industry have direct departments. they all call the merchant after 30 days per the ISO agreement. Kapitus happens to just use the same name for their funding and brokering arm, while all the others have different names for their broker shops.

Bluevine has been doing the same thing except every deal I send they want DL, pre-interview call with merchant along with phone number and email. Is anyone else having that same issue or is it just me? I get receiving the contact details but thats a lot of upfront communicating with the merchant just to receive an approval.

[BR-Nightmare]

Bluevine has been doing the same thing except every deal I send they want DL, pre-interview call with merchant along with phone number and email. Is anyone else having that same issue or is it just me? I get receiving the contact details but thats a lot of upfront communicating with the merchant just to receive an approval.

Are funders simply suppose to throw out an offer based on numbers? (Most funders do to get the deal and take a look at it) Would it be wrong to do some of the work upfront to give it a decent offer?

[Oxforddan]

Are funders simply suppose to throw out an offer based on numbers? (Most funders do to get the deal and take a look at it) Would it be wrong to do some of the work upfront to give it a decent offer?

Your point is valid. Bluevine isn't a funder though. They are a "tech company" who just happens to lend $ as their product. At least that's how they describe themselves.

[Michael I]

Are funders simply suppose to throw out an offer based on numbers? (Most funders do to get the deal and take a look at it) Would it be wrong to do some of the work upfront to give it a decent offer?

say what ? who does pre interview calls before an offer ?

[abfunders]

Bluevine has been doing the same thing except every deal I send they want DL, pre-interview call with merchant along with phone number and email. Is anyone else having that same issue or is it just me? I get receiving the contact details but thats a lot of upfront communicating with the merchant just to receive an approval.

Bluevine never asked me for a DL or pre-interview calls. Probably because I'm signed up as a full ISO, not as a referral partner. In fact, I just got a $200,000 LOC funded with a voided check and tax returns. The ownership needed to be tracked, because there's a holding company in between, and then the ownership wasn't 51-49 husband-wife, it was 100% husband, so they just switched ownership, ran credit again and got it re-approved. They never spoke with the merchant at all.