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  1. #1

    LQD Business Finance

    What has been your experience with this lender?

  2. #2
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    sent u a PM

  3. #3
    Quote Originally Posted by Triton View Post
    What has been your experience with this lender?
    Had very bad experience......waste of time !!!!!!!!!!!!

  4. #4
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    [QUOTE=Triton;46285]What has been your experience with this lender?[/QUOTE
    in one word i will say disorganized

  5. #5
    Senior Member Reputation points: 43599 brokerCompany's Avatar
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    Slow as molasses.. They had a couple of big deals for us spent weeks. Had to move on .. They need 2 years of bank statements to consider a 2-4 year note.
    Maybe they will get their act together in the future and try again.

  6. #6
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    a joke of a company, to be honest I think all they are doing is collecting data on merchants that are over leveraged to induce them into a corporate turn around style scheme later on.

  7. #7
    Same here... Couple of nice deals I gave them and provided bunch of documents, 24 months bank, financials and etc and a few weeks later, never got anything done. Kept saying its approved but no funding.. Every deal I sent them, I got them funded elsewhere under a week.... Hope they get there act together...

  8. #8
    Ok just wanted to see if I was the only one. Because of these jokers, I lost an ISO that sends me over $1M in business every month.

  9. #9
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    Quote Originally Posted by Triton View Post
    Ok just wanted to see if I was the only one. Because of these jokers, I lost an ISO that sends me over $1M in business every month.
    How did they cause that to happen?

  10. #10
    Quote Originally Posted by FUNd View Post
    How did they cause that to happen?
    For all the reasons above. They are unorganized. Request document after document after document. Take weeks just to say that they haven't made a decision yet until you finally tell them to just screw off. I placed over a dozen files with them in the past couple weeks with the same result for pretty much every file. All of those files came from one ISO. But the kicker was this last one. It took them 3 weeks to decline it after getting the merchant super excited telling him they would have an approval by the end of the week only to request more documents (which I sent them twice). Then they wanted clarification on line items in the bank statements (after having them for weeks AND talking directly with the merchant a week before). Only to decline the file because there was a decline in revenue. WHICH THERE WASN'T!

    It was just a nightmare.

  11. #11
    I felt your same pain loud and clear with 5 files...I Don't understand how they make any money by not closing deals..SMH !!!!

  12. #12
    Senior Member Reputation points: 43599 brokerCompany's Avatar
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    Well it looks like I was not the only one. These guys kept on calling afterwards to see about the deals.
    I always test new funders with a couple of files 2 at most until they can perform.

  13. #13
    Funded 400k in January, then it came time for us to be paid and they only gave us half of what we agreed on...... george was unsavory to say the least

  14. #14

    Agreed

    Quote Originally Posted by TMR View Post
    Funded 400k in January, then it came time for us to be paid and they only gave us half of what we agreed on...... george was unsavory to say the least

    I would say you were being kind sir!

  15. #15
    Run away fast!!! Total waste of 4 weeks and countless docs. I will never deal with them. Point blank!

  16. #16
    Quote Originally Posted by wallerbusiness View Post
    Run away fast!!! Total waste of 4 weeks and countless docs. I will never deal with them. Point blank!
    That seems to be their MO.

  17. #17
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    If you ever look at their webstie they have a case study tab. Click on it....three companies listed. Probably the only three they ever funded. I digress. What is most interesting is to use google maps and see all of the merchants are within three hours or less of LQD in Chicago. Seems they only fund Michigan, Indiana and Illinois. Sad really!
    Last edited by tgabcmca; 12-22-2016 at 05:08 PM.
    Thad German

    America's Business Capital
    www.americasbusinesscapital.com
    Toll Free: 1-888-426-0377 x 022
    Direct : 856-782-3801
    tgerman@abcmca.com

  18. #18
    Run run run! They are the worst! They will waste your time!

  19. #19
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    They fund the larger deals, slower than I'd prefer but with the terms I needed.

  20. #20
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    Quote Originally Posted by GMFunding View Post
    They fund the larger deals, slower than I'd prefer but with the terms I needed.
    how many deals did you fund with them ?

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