Ontap capital - debate
Need a Funder or Vendor? START HERE

Results 1 to 25 of 142

Hybrid View

  1. #1
    Quote Originally Posted by diditevenfund View Post
    With all due respect, how big even is this deal? Are you in that bad of a position you cant pay your rep out of pocket while you work on this? If you are working with no buffer, it might be time to hit up Indeed.com and assess what you are doing.
    Thats what I’m saying !

    They do not have a valid reason to hold our commission and are intentionally attempting to make us suffer at this point, seemingly in retaliation against us posting in this thread. That is also another illegal offense, causing damage.

    The amount being withheld is not an amount that would make, break, or destroy their funding business, that they can’t pay us today.

    Had they paid us within the stipulations of out contract, this thread would’ve never existed.

    Every action has a reaction, and people rarely enjoy taking ACCOUNTABILITY for their negative actions. But to make us wait 6 months to get paid and there’s no ACTIVE default is ARROGANT and CONTROLLING.

    Our contract also said they needed to make sure they were at least repaid 10%, and our client has well exceeded that amount.

    There’s no reason for ANY funder to withhold an ISO fee until a deal is fully paid, unless for the purpose of being greedy.

    Hence the reasoning for the new CFDL regulations.

  2. #2
    Senior Member Reputation points: 33945
    Join Date
    Mar 2024
    Posts
    246

    Quote Originally Posted by NEWCDAM View Post
    Thats what I’m saying !

    They do not have a valid reason to hold our commission and are intentionally attempting to make us suffer at this point, seemingly in retaliation against us posting in this thread. That is also another illegal offense, causing damage.

    The amount being withheld is not an amount that would make, break, or destroy their funding business, that they can’t pay us today.

    Had they paid us within the stipulations of out contract, this thread would’ve never existed.

    Every action has a reaction, and people rarely enjoy taking ACCOUNTABILITY for their negative actions. But to make us wait 6 months to get paid and there’s no ACTIVE default is ARROGANT and CONTROLLING.

    Our contract also said they needed to make sure they were at least repaid 10%, and our client has well exceeded that amount.

    There’s no reason for ANY funder to withhold an ISO fee until a deal is fully paid, unless for the purpose of being greedy.

    Hence the reasoning for the new CFDL regulations.
    Look this space is not for everyone, if a (what I guarantee you) small amount of money sends you into a frenzy like this ,I would strongly advise not being an ISO. You should have money in reserves, and not be relying on one deal. Not saying anyone is right or wrong, but typically when people get this explosive they are under extreme financial distress and running a shop is not a good position for someone that cant absorb a commission. What would have happened if it did not fund, close up shop?

Similar Threads

  1. Broker Fair 2020 Great debate
    By RickyR3712 in forum Merchant Cash Advance
    Replies: 4
    Last Post: 07-09-2020, 04:30 PM
  2. Replies: 0
    Last Post: 03-31-2016, 02:36 PM
  3. Replies: 11
    Last Post: 10-01-2015, 02:07 PM
  4. Long Money vs. Short - Figured we could debate this here
    By nwarshaw in forum Merchant Cash Advance
    Replies: 58
    Last Post: 07-02-2014, 08:57 PM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

Blue Owl Capital acquires Atalaya
Kansas added to disclosure service tool
FIS launches SMB digital lending


DIRECTORY