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  1. #1
    Senior Member Reputation points: 23718
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    A rep at Funding Circle got canned and sent out an email to every broker disclosing a super low submission to funding ratio there, like 7-10%. I don't know if it's true, but it made me realize why after collecting 3 years of financials and a year of banks, my pockets weren't any fatter.

  2. #2
    Senior Member Reputation points: 307559
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    Quote Originally Posted by FUNd View Post
    A rep at Funding Circle got canned and sent out an email to every broker disclosing a super low submission to funding ratio there, like 7-10%. I don't know if it's true, but it made me realize why after collecting 3 years of financials and a year of banks, my pockets weren't any fatter.
    the best part is they get really pissed at you when they decline . Like you should have known the merchant had tax liens that were fully paid a year ago

    definitely low approval rate but it helps to close him on our standard products

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