Fun times with the Brokers Nightmare
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  1. 07-03-2023, 09:47 AM #1
    BR-Nightmare
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    Fun times with the Brokers Nightmare

    ***Amounts may have been altered/redacted just in case its your deal.

    Deal is declined for inconsistent revenue. Brokers response "Yeah the merchant deposits most of the funds in his personal account now, can we get this decline overturned?" I reply no.

    "I don't see why it's a decline, he just moved his revenue to his personal account!"

    He moved the deal elsewhere, yet adds me on the email thread... The other place declined it for the same thing. He emails the sales rep "Looks like we are f*cked here man."

    I replied back, I agree.



    Moral of the story here is, pay attention to what you are submitting. Quit throwing sh!t on a wall to see what sticks.

    At the end of the day, if I have to do all that work and yet you want to complain because I did my job, are you really looking at what your sending?






    Happy 4th of July everyone. I hope you all have a great holiday.
    Last edited by BR-Nightmare; 07-03-2023 at 09:50 AM.
    The Brokers Nightmare
    I don't want peace, I want problems, ALWAYS!
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  2. 07-03-2023, 10:27 AM #2
    TheUnderwriter
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    But The ADBs! The ADBs are strong though! (clearly ignoring the drop in revenue or no revenue in the most current month).
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  3. 07-03-2023, 11:05 AM #3
    Olderguy
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    How many times have I heard a broker tell me...."but they have great revenue"!
    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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  4. 07-03-2023, 12:08 PM #4
    BR-Nightmare
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    Quote Originally Posted by Olderguy View Post
    How many times have I heard a broker tell me...."but they have great revenue"!
    It's a great file, bro. Even if I didn't check a single thing, I know it's good.
    The Brokers Nightmare
    I don't want peace, I want problems, ALWAYS!
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  5. 07-03-2023, 07:31 PM #5
    BizFundDan
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    Quote Originally Posted by Olderguy View Post
    How many times have I heard a broker tell me...."but they have great revenue"!
    Best is when I hear the rep say it's a personal client of mine and Ive funded him 6x. Thats when you know....
    Danny Warren | BizFund
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  6. 07-03-2023, 10:05 PM #6
    Risker
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    Best is when a broker says this and it’s a first position and the merchants never heard of an mca
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  7. 07-05-2023, 11:02 AM #7
    UptownFund
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    "He's a good guy"

    "He's a great guy bro!"

    HES A GOOOD GUY!
    Uptown Iso Department
    ________________________________________
    Office | 732.994.2550
    iso@uptownfund.com | uptownfund.com
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  8. 07-11-2023, 09:31 PM #8
    BR-Nightmare
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    Quote Originally Posted by Britt View Post
    How are you!!! Let's work together on some files! i pay my isos 10 points and fund same day up to 5m same contract all high risk deals 10 points past defaults 8 points 1.30-1.499 rates up to 120 days! BEAT ANY OFFER bholguin@alpineadvance.net
    No you dont!
    The Brokers Nightmare
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  9. 07-12-2023, 12:01 PM #9
    abcloser
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    Quote Originally Posted by BR-Nightmare View Post
    No you dont!
    lollll
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