pearl capital

**cashguy** · 05-21-2013, 04:32 PM

Anybody here the rumor of them having issue's and ppl walking out?

**skideeppow** · 05-22-2013, 10:56 AM

really? that would suck I have a couple deals with them.

**Chambo** · 05-22-2013, 12:54 PM

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

**Sean Cash** · 05-22-2013, 12:56 PM

They announced a month ago that they had funded $7 million in a month. Was that bogus?

**Capital Stack** · 05-22-2013, 01:09 PM

Saw it on mpr but never saw the release

**Sean Cash** · 05-22-2013, 02:16 PM

Originally Posted by Capital Stack

Saw it on mpr but never saw the release

it was on linkedin

**Chambo** · 05-23-2013, 05:32 PM

Originally Posted by sean bash

it was on linkedin

Oh yeah, THAT make sit legit!

**Cjltitles** · 05-24-2013, 09:49 AM

If its on the internet it has to be real. Bonjour.......I love that commercial

**thesyndicator** · 05-24-2013, 11:31 AM

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.

**isaacdstern** · 05-24-2013, 11:40 AM

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

**sausageANDpeppers** · 05-24-2013, 12:53 PM

Don't forget Memorial Day is this weekend. Support the troops! http://www.woundedwarriorproject.org/

**slavnyc** · 10-05-2013, 10:46 PM

It's hard to find a peace among the thiefs

**cashguy** · 10-06-2013, 10:33 AM

What's your issue slavnyc sounds like you have a grip pearl or ys

**mfs01** · 10-07-2013, 02:06 PM

So is Pearl on it's way to shutting their doors or not?

**mfs01** · 10-07-2013, 02:07 PM

lmao, Cjltitles

**Ryan Shiroky** · 10-08-2013, 02:07 PM

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*

**Chambo** · 10-10-2013, 07:41 PM

Originally Posted by Ryan Shiroky

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*

you forgot the 5-10% PSF to rep on top of that

**Ryan Shiroky** · 10-11-2013, 09:52 AM

Originally Posted by Chambo

you forgot the 5-10% PSF to rep on top of that

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...

**AndyYSCISOdept** · 10-11-2013, 11:09 AM

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 347.464.0785

**AndyYSCISOdept** · 10-11-2013, 11:12 AM

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)

**AndyYSCISOdept** · 10-11-2013, 11:16 AM

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.

**Ryan Shiroky** · 10-11-2013, 12:12 PM

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!

**Capital Stack** · 10-11-2013, 02:56 PM

well said.

Originally Posted by Ryan Shiroky

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!

**Ryan Shiroky** · 10-11-2013, 03:54 PM

Originally Posted by Capital Stack

well said.

Thank you... it is the simple truth though... they feel that its their way or the highway. They DO NOT have the monopoly on those types of deals... Thank GOD for YSC!!! Long live the king!

**SmartAdvanced** · 04-03-2020, 12:11 PM

Originally Posted by cashguy

Anybody here the rumor of them having issue's and ppl walking out?

I heard that they are not continuing after Corona, is this true?

Thread Tools

Display

pearl capital

pearl capital

pearl capital

Posting Permissions