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06-16-2015, 08:34 AM #1
Thanks Kabbage!!
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!
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06-16-2015, 08:44 AM #2
Thanks Kabbage!!
That's pretty honorable of them!
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06-16-2015, 09:45 AM #3
- Join Date
- Jun 2013
- Posts
- 351
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?
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06-16-2015, 11:01 AM #4
- Join Date
- May 2015
- Location
- FL
- Posts
- 96
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.
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06-16-2015, 10:36 AM #5
Thanks Kabbage!!
I'm not sure why it took so long. I've got a call in to rep to find out.
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06-16-2015, 10:47 AM #6
you submitted them months ago, but maybe the merchants just recently sent everything else in?
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