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05-21-2013, 04:32 PM #1
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- Jan 2013
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- 151
pearl capital
Anybody here the rumor of them having issue's and ppl walking out?
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05-22-2013, 10:56 AM #2
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- Apr 2013
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- Basalt CO
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- 869
really? that would suck I have a couple deals with them.
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10-11-2013, 11:09 AM #3
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- Oct 2013
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- New York, NY
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If you need quick approvals on those deals you can send them to us at Yellowstone. We will most likely honor their approvals or do better.
newmerchants@yellowstonecapllc.com 347.464.0785Andrew J. McDonald
Director of ISO Development
Yellowstone Capital LLC
1 Evertrust Plaza
Suite 1401
Jersey city, NJ 07302
PH - 347.464.0785
FX - 646.213.1790
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05-22-2013, 12:54 PM #4
Two of their founders are gone. A couple of their sales reps have left for greener pastures.
Depending on who you speak to, they are doing $500,000 a month or $3,000,000.
I always wonder if a place is doing so well....whyare reps leaving for greener pastures? But that is just my 2 or 3 cents
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05-22-2013, 12:56 PM #5
They announced a month ago that they had funded $7 million in a month. Was that bogus?
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10-11-2013, 11:16 AM #6
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- Oct 2013
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- New York, NY
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Definitely Bogus....I mean obviously I dont have access to their set of books, but I fail to see how you can stay in business doing 7MM in 1.55 2 month deals.
We have had to push our model to its longer term better quality to balance out the declines we turn into to funded deals.
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05-22-2013, 01:09 PM #7
Saw it on mpr but never saw the release
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05-22-2013, 02:16 PM #8
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05-23-2013, 05:32 PM #9
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05-24-2013, 09:49 AM #10
- Join Date
- May 2013
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- 7
If its on the internet it has to be real. Bonjour.......I love that commercial
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10-07-2013, 02:07 PM #11
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- Aug 2013
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- 196
lmao, Cjltitles
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05-24-2013, 11:31 AM #12
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- Apr 2013
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- 3
I think Chambo is referring to Yellowstone's in house funding when he says "Depending on who you speak to, they are doing $500,000 a month or $3,000,000."
Pearl funded over $7 million in house in April whereas Yellowstone may have funded 3mm in house and the rest brokered out.
There were 3 reps who were let go for back dooring deals (one of them who went to work for Yellowstone after he left, could be the reason Chambo refers to it as "greener pastures") Interesting to note that the founders of Pearls (ones that are still currently here and the ones that were bought out for multi million dollar buy outs, are the ones who taught the owners of Yellowstone the ach business.
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05-24-2013, 11:40 AM #13
I think we are doing about $500k a month in house funding...oh no wait tha'ts actually a day...lol...chill with the insults Eli
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10-07-2013, 02:06 PM #14
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- Aug 2013
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- 196
So is Pearl on it's way to shutting their doors or not?
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05-24-2013, 12:53 PM #15
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- May 2013
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- 1
Don't forget Memorial Day is this weekend. Support the troops! http://www.woundedwarriorproject.org/
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10-05-2013, 10:46 PM #16
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- Oct 2013
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- 45
pearl capital
It's hard to find a peace among the thiefs
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10-06-2013, 10:33 AM #17
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- Jan 2013
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- 151
pearl capital
What's your issue slavnyc sounds like you have a grip pearl or ys
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10-11-2013, 11:12 AM #18
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- Oct 2013
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- New York, NY
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Whoe easy on the YSC talk. please dont put us in the same category....especially with all thingsbeing considered....including but not limited to....most "rumors" about YS were started by people from said company. (Thats a verifiable fact)
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10-08-2013, 02:07 PM #19
what i dont understand, is how Pearl is getting 1.55 over 3 months and expecting merchants to not sink and drown...
imagine that... 1.55... whats the effective on that? like, 420%apr????!!!????!!!! *cough* *choke* *cough*
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10-10-2013, 07:41 PM #20
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10-11-2013, 09:52 AM #21
PSF... Junk??
But yea thats insane... I dont understand how they sleep at night... i really dont...
Also, has anyone done any business with World Business Lenders??? How about a company that does asset leaseback, collateralized loans (4:1 collateralization) and STILL hits the merchant for 125%-150%apr... they are so concerned with "being profitable" they lost sight of building a reputable name for themselves... default on that loan and you lose your house/car/business real estate/whatever you pledged...
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10-11-2013, 12:12 PM #22
I would say it wiser to go through YSC than Pearl on ANY DEAL... Pearl always struck me as the company that would hug you tight while slipping their hands in your back pocket.
As for YSC honoring approvals and doing better, absolutely, meanwhile if you ask Pearl to be competitive their answer is "We refuse to get into a pricing war"... My answer to that, "I refuse to do business with a funder that doesn't want to compete"
If I have to compete with other ISOs, then my funders should be willing to compete with each other... simple as that!
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10-11-2013, 02:56 PM #23
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10-11-2013, 03:54 PM #24
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04-03-2020, 12:11 PM #25
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- Jun 2015
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- 754