Crowd Advance mea culpa
Need a Funder or Vendor? START HERE

Results 1 to 5 of 5
  1. #1
    Senior Member Reputation points: 1719
    Join Date
    Aug 2014
    Posts
    187

    Crowd Advance mea culpa

    Hello All,

    Not long ago, I posted some less-than-kind things here regarding the folks at Crowd Advance.

    I was wrong.

    We had ONE issue, and they reached out to address that fully.

    Then, they immediately funded a challenging file. Keyword: immediately.

    From there they made offers on four more files with the best numbers we saw anywhere, again on a very short timeframe.

    I cannot stress enough the personal attention and quick turnaround we receive from Crowd Advance, and I want to make it crystal clear to our friends here on the board that Crowd Advance does good profitable business on the hyperfast schedule our industry demands.

    I'm under no compulsion to say this, and frankly with a good funder like that in the book I'd prefer to keep it a secret, but the record here also needed correction.

    Happy Hunting

    FG
    Last edited by fundgorilla; 02-25-2016 at 10:15 AM.

  2. #2
    Senior Member Reputation points: 307559
    Join Date
    Jun 2015
    Posts
    3,325

    it will probably be a good idea to update this thread on what happened at the end .
    http://dailyfunder.com/showthread.ph...=Crowd+Advance

  3. #3
    Senior Member Reputation points: 1719
    Join Date
    Aug 2014
    Posts
    187

    Done

  4. #4
    Senior Member Reputation points: 54989
    Join Date
    Dec 2013
    Posts
    4,713

    Noted
    Marcus Clapman | Business Development | Cresthill Capital
    (High Commissions Payout Group)
    覧覧覧覧覧覧覧覧覧覧覧覧覧
    Tel: 917-521-6528 | Fax: 212.671.1473
    Email: bizdev@cresthillcapital.com
    http://www.cresthillcapital.com

  5. #5
    Senior Member Reputation points: 1719
    Join Date
    Aug 2014
    Posts
    187

    Good Morning,

    Those who follow this board may have noticed a back and forth between our firm and the folks over at Crowd Funding. Initially they appeared to have resolved our issues, but then came to the table with even worse issues that have cost our firm a significant amount of time and money, so here's our heads up at this point:

    We strongly caution anyone in this business against sending Crowd Funding even so much as a single email.

    Let's review some of the key points here (and yes I'm fully prepared to defend our firm from any possible litigation.)

    We received an email on the Seventh of March, notifying us that a contract had been funded. At the time of this writing no funds were received by our client and this deal is dead, along with the time and effort spent to work on it.

    We received another email on the Third of March, stating that another contract had been funded. That client was not actually funded until the 11th.

    All efforts to communicate with Mr Don McGrath, the principle, have been met with silence: he is resistant to phone calls, emails, cups and strings....

    ....we wonder does he have the wherewithal, the MONEY required to actually fund deals?

    Is he backdooring our deals? We're in contact with our clients, that you can rest assured.

    The net/net is this: we got taken in by a charlatan, and they f'ed us once. Then we let them back into our lives and they f'ed us again. Shocker.

    The cost to our clients, to our reputation, and to our sanity is irretrievable. Every time we contacted them about our frantic clients the answer was; "no problem, no problem, no problem".....anything to get rid of us.

    Don't throw your agents time in the trash by sending any files to this entity.

Similar Threads

  1. Is stacking an ACH advance on a split-funding advance okay?
    By Sean Cash in forum Merchant Cash Advance
    Replies: 94
    Last Post: 12-18-2017, 09:50 PM
  2. Replies: 6
    Last Post: 10-03-2015, 03:57 PM
  3. Replies: 5
    Last Post: 06-04-2014, 05:09 PM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

eBay announces new MCA program
Lendistry welcomes new CFO
LegalZoom partners w/ businessloans.com


DIRECTORY