[1StopFunding]

Woke up to a text from my bank that I had a large deposit (my notifications are set to alert me when I have a deposit over a certain amount). I'm thinking great, some company has paid us by mistake again(has happened) because we haven't funded anything yet this week. So I logon to discover it was a deposit from Kabbage.

I'm thinking GREAT! I've got to call them to let them know they have paid us by mistake, because I hadn't sent them anything in a few months. The deals we sent over my clients never completed the online app, or so I thought. So I decide to logon to my Kabbage portal and low and behold, they funded 2 of my clients, 1 back in March and 1 the first of last month. When I did the math, they in fact did pay me the 3% in one lump sum yesterday. WOW! I didn't know my merchants took the offers because I had funded them elsewhere.

Small blessings lead to big smiles!

[Sean Cash]

That's pretty honorable of them!

[funding pro]

I dont work with them, because 3% just doesnt make it worth it when the market is what it is today. But, now I dont think I would ever work with them knowing that they funded two deals and didnt pay you for 3 months from when they funded (the one in March at least). Why would it take them so long to send you payment?

[1StopFunding]

I'm not sure why it took so long. I've got a call in to rep to find out.

[Chambo]

you submitted them months ago, but maybe the merchants just recently sent everything else in?

[fisheMS]

I dont work with them, because 3% just doesnt make it worth it when the market is what it is today. But, now I dont think I would ever work with them knowing that they funded two deals and didnt pay you for 3 months from when they funded (the one in March at least). Why would it take them so long to send you payment?

mega-short sighted. we get the same situation as OP all the time where dead deals we forgot about are suddenly making us 3% instead of 0...the reason i've seen for this is they are pretty backlogged all the time but have a habit of following up on referrals that brokers have already long forgotten...for well qualified merchants you can get them kabbage and then still get them a nice 2nd.