Results 1 to 19 of 19
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04-02-2015, 03:56 PM #1
Time To Offer
Trying to get a read on the usual amount of time it takes to get offers from different companies in the field.
Last edited by Funder Mark; 04-02-2015 at 05:19 PM.
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04-02-2015, 04:32 PM #2
- Join Date
- Jun 2013
- Posts
- 293
I hope you get quick responses. You sit in the same office Dude.
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04-02-2015, 04:38 PM #3
Wow, would love to get your rep over there working for our team. With Yellowstone its usually a 2-3 day wait minimum for an answer, and that's with following up multiple times for updates.
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04-02-2015, 04:40 PM #4
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04-02-2015, 05:08 PM #5
- Join Date
- Sep 2012
- Location
- New York, NY
- Posts
- 1,780
I agree with fbilson's experience. That's how it was for me but I haven't submitted a deal there in months. Hopefully it's much better now!
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04-02-2015, 05:16 PM #6
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04-02-2015, 05:17 PM #7
- Join Date
- Feb 2015
- Posts
- 49
Funder mark ,,, did you print and walk the file over ??? Or did you save the paper and email it ?? Lol
please stop the fake self promotion , i doubt that's how isaac wants it done !
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04-02-2015, 05:30 PM #8
- Join Date
- Dec 2014
- Posts
- 81
I actually receive responses from Yellowstone within a few hours, it is always same day! The rep I work with over there is awesome and I am very happy with his overall attitude and performance
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04-02-2015, 06:01 PM #9
We get you an answer within 24 hours of the deal being submitted.
Kaitlyn Miller
ISO Coordinator
770-617-2377
KM@SuperiorCapitalfund.com
http://superiorcapitalfund.com/
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04-02-2015, 07:38 PM #10
- Join Date
- Mar 2015
- Posts
- 4
Offer's within 24 hours!
Steve Reich
sreich@yellowstonecapllc.com
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04-02-2015, 09:03 PM #11jotucker1983Guest
From my experience it depends on the file. If the file submitted with the app and 3 months of banks has seasonal volume, they would need 12 months of statements which means that getting "the numbers" would now go over 24 hours. Or, if there's questions on the application itself about the business in general, questions on the status of a tax lien, the status of a judgment lien, etc., then that would delay getting the numbers out.
So it depends on the file, in general it should take 24-72 hours to get numbers.
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04-03-2015, 07:41 AM #12
- Join Date
- Apr 2015
- Posts
- 5
Time To Offer
TvT answers within 2 hours, yesterday gave me an offer in 20 minutes. Real quick and very few stips
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04-03-2015, 10:12 AM #13
- Join Date
- Jun 2014
- Posts
- 59
As long as the submission package is full, we typically respond within 3 hours of receiving the deal as long as we receive it before 3 PM (EST).
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04-03-2015, 12:59 PM #14
Retail Capital is generally within a few hours. If it is a more challenging file it may take a little longer.
Jeannette Nearing | Business Development Officer| AmeriFactors
| M (770) 362-2307
jnearing@amerifactors.com |
http://www.amerifactors.com
https://www.linkedin.com/in/jeannettenearing
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04-03-2015, 01:48 PM #15
- Join Date
- Jan 2015
- Posts
- 26
Send a deal at 9 am have an offer by 1 pm
Lets get in touch!
Avi Dahan
Funding Coordinator/ ISO Development
P:516-345-1227
F:347-933-6074
E:adahan@yellowstonecapllc.com
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04-08-2015, 04:38 PM #16
- Join Date
- Jan 2015
- Location
- Tampa, FL
- Posts
- 30
From 1-24 hours for an offer.
Nick Kiely
CapAssist
Account Executive/Relationship Manager
913.324.5915
nick@capassist.com
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04-08-2015, 04:43 PM #17
- Join Date
- Aug 2014
- Posts
- 187
Response time is inversely proportional to the size and quality of the deal - or at least should be.
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04-08-2015, 11:40 PM #18
- Join Date
- Mar 2015
- Posts
- 78
This 10x. Also factoring into it are:
- relationship with the lender in regards to consistent volume/approval-to-funding ratio (better broker shops in these categories rightfully get placed on top of the heap more often)
- outstanding balances, in which the process of getting a payoff letter causes a delay
- industry type. Business such as contractors/travel agencies where the merchant's business isn't tied down as heavily to their physical location usually result in site inspections which take a couple of days. Also more paperwork tends to be required with low deposit/high ticket businesses (P+L/balance sheet and other tax records dating back a couple years, more bank statements required after contract, invoices, purchase orders, proof of collateral if required, etc)
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04-09-2015, 07:56 AM #19
I only wait 24 hours, on average. Sometimes less, but never more than 48 hours.
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