Quote Originally Posted by AndyYSCISOdept View Post
we operate with a 14 (calendar) day exclusivity period, it seems to work pretty well. One of the interesting aspects about our way of doing things is that if someone else submits your deal during the 14 days you will be notified. This allows the broker a little leverage when contacting the merchant to say, "hey I know we sent you contracts 5 days ago and they haven't come back, is there an issue?" Well if they're shopping then there must be.
YSC is a good policy, wish other funders would apply the same.
I have not had issues with swift, they seem to have changed their programs to be better as of lately. Funded a 50k in 1 day with them.