Results 1 to 25 of 38
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03-21-2016, 05:14 PM #1
- Join Date
- Jul 2014
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Slow March?
I keep hearing from lenders and other medium sized ISOs in the area that funding volume for March is down a bit. Anyone else feeling it? (And before the usual suspects get on here bragging about how the roof is on fire and all I need to do is send in files with my ISO agreement, save it, I'm not taking on new lenders)
Just interested in some perspective.
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03-21-2016, 05:20 PM #2
Not really slow this month, I think all my ISO's are on vacation today.
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03-21-2016, 05:28 PM #3
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- Dec 2013
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- 4,713
Last edited by mcaguru; 03-21-2016 at 05:33 PM.
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
——————————————————————————
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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03-21-2016, 06:19 PM #4
Not any indication Clapman, come on.....business is ALWAYS SLOW in Jan and Feb, always has been for merchants
If your reps were smart and on their game, they would immediately be asking for payback months for every submission, especially retail and service. nip that turkey in the bud form square one
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03-21-2016, 06:34 PM #5
- Join Date
- Aug 2014
- Posts
- 187
I'm getting a lot of NSF guys, lots of stacked to death guys, lots of businesses on the way out, but that's the usual of course. I'm seeing a lot of action with contractors of all kinds....and I do agree that there's a slump right now - in discretionary spending - and that's going to continue through to summer for the most part.....but of course your local florist will be looking good with the January funeral season and of course valentine's day, so there's that too....musical instrument dealers having a rough go of it, and naturally this is the time of year when all my tax prep guys are in the market but don't have the numbers without a nice fat file.
Its always rough out there - I'm hoping its rough enough so everyone else gives up!
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03-21-2016, 06:41 PM #6
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- Jul 2014
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Yeah, it's definitely a need based product no doubt. You don't pay these rates to kick around cash with no plan for it. It's turning into the credit card processing business. No barrier to entry, no education required, no special skills required, a brokerage on every corner. Any Joe with a few bucks and a desire to be the boss can open an office and stick some Craigslist rejects in cubes to smile and dial all day. Ugh...
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03-21-2016, 07:06 PM #7
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- Jun 2015
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- 3,325
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03-21-2016, 07:08 PM #8
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- Jun 2015
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03-21-2016, 09:54 PM #9Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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03-21-2016, 10:38 PM #10
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- Jul 2014
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Yeah those responsible homeowners with tons of equity, always bouncing checks...
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03-22-2016, 09:27 AM #11
I've had a couple of rough months followed by operational changes. It's been rough my peoples. Millions of dollars to get out on the street looking for submissions. I am needing to fund files, any help would be appreciated. I would be personally handling & expediting your file through to funding, have an amazing day $$$$.
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03-22-2016, 09:43 AM #12
- Join Date
- Apr 2013
- Location
- NY
- Posts
- 203
We had an amazing December, followed by a slow Jan and Feb. But it has definitely turned around in March, back to December levels and December was a record month for us.
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03-22-2016, 10:09 AM #13
Our March has been slow as well. We had a slow January, a pretty strong February, and so far a slow March. I've heard from a few people that this month for them has been slow. We personally have some tough merchants that we are working with and if some of them close then it would turn March around but otherwise it seems that many of us are in the same boat this month. Even our latest email campaign didn't preform as well as usual.
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03-22-2016, 10:12 AM #14
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- Dec 2013
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Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
——————————————————————————
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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03-22-2016, 10:15 AM #15
- Join Date
- Dec 2013
- Posts
- 4,713
Last edited by mcaguru; 03-22-2016 at 10:19 AM.
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
——————————————————————————
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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03-22-2016, 10:18 AM #16
Posts get hijacked on here like car tires in jackson heights queens.
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03-22-2016, 10:23 AM #17
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- Dec 2013
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Crime stats for Jackson Heights... (we are property holders so i know my zones)...
As in most neighborhoods, crime has dropped from 1993 to 2010, with major crimes down 76 percent, led by an 86 percent plunge in murders and a 74 percent drop in robberies. Rape declined 8 percent in that time period. Property crimes have diminished as well, as they have in other neighborhoods with rising home values.
»View all crime stats
Car thefts were down 89 percent and burglaries 85 percent. Jackson Heights ranks 18th safest in 2010 for the property thefts categoryLast edited by mcaguru; 03-22-2016 at 11:28 AM.
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
——————————————————————————
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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03-22-2016, 10:33 AM #18
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03-22-2016, 11:00 AM #19
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- Mar 2016
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- 657
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03-22-2016, 11:06 AM #20
Come on guys if you keep giving Mr. Clapman a hard time you might miss out on
DOUBLE DIGIT COMMISSIONSMichael Jagiello
Director of Client Acquisitions
Blue Granite Funding LLC
mjagiello@bluegranitefunding.com
1(718)873-6407 Cell
1(917)791-8911 Fax
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03-22-2016, 11:27 AM #21
- Join Date
- Dec 2013
- Posts
- 4,713
I think most got the point (actually point"S") by now
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
——————————————————————————
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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04-05-2016, 04:32 PM #22
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- Jul 2014
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04-05-2016, 04:45 PM #23
Slow March here yup not just slow its weird, I've had slow months this is more like if the bottom fell off the barrel. Now its turned into a slow beginning to April.
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04-08-2016, 12:04 PM #24
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- Jun 2014
- Posts
- 195
1st half was slow, 2nd half rocked
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04-08-2016, 12:12 PM #25
- Join Date
- Jun 2014
- Posts
- 16
Best way to check is look at your last few Years of March performance. March tends to be a tough month in this space.
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