[ridextreme]

When this industry starts to get regulated look no further than companies that perputrate this unprofessional practice. For ever merchant who has been given false hope of money approved and last minute denial, you have created a hatred for our industry, the problem is there is power in numbers, piss off enough people and our unique space will slowly extinct.

Really? You are blaming the last minute declines on the funders only?

In all of my experience, whenever a deal gets killed at the last minute, it is hardly ever the funder who all of a sudden changed their mind. I can't think of one deal where everything was clean but hey took the approval away the day of funding. It is always the merchant who either lied on their application about liens or judgement, or underwriting found out about additional owners who were in a BK, or they went to verify their rent and the LL said they are 6 months behind, or the financials they sent in showed too much risk, or they found out about a previous default on another MCA company, etc.

That is why when an approval is emailed from a funder it says "Pending final underwriting approval".