[mcaguru]

We received this file from one of our ISO's on 3/25, submitted to Empire on 3/26, and it was funded 3/29. (merchant stopped making payments 3 days later, promptly defaulted LOL). We received the commission from Empire next business day after funding, and we promptly paid out our ISO..... We' have over 100 ISO's, and have submitted hundreds of files to Empire in the last few months, and have never been back door'd. We use just about every lender for the tough to fund D and F paper, and these guys will fund anyone with a heartbeat and 3 months of bank....



On a side note, Blue Clover Financial specializes in Commercial Lending, Buy Fix and Flip, AR Financing, Asset Lending, Equipment Leasing, Lines of Credit, and MCA..... If your merchants have commercial property, assets, 700+ credit score, accounts receivables, give me a call, we'll get them done!

John Philbin
Blue Clover Financial
NO BUSINESS LEFT BEHIND!
Phone: (561) 406-9880
Fax: (561) 409-5137

John Philbin is as straight and honest as they come, have 1 conversation and you will know exactly what i mean, and i am saying this knowing that he could have sent us more of those deals for us to fund!! but facts are facts and John is the real deal.

my comment was only because someone said Johns story seems fishy otherwise i have no sides on this matter.

[bizfundingfinder]

[QUOTE=Blue Clover Financial;46799]We received the file on 3/25, it was submitted 3/28 (not 3/26), and funded next day 3/29.... Empire asked me to defend them by explaining it was my deal from one of our ISO's, and I said no problem. See below:

We submitted the file on 3/27 (see original post). You admittedly submitted it on 3/28. We should have been protected on this submission. When you submitted it a day later, Empire should have notified you that the file had already been submitted by another ISO. That fact that we never received the approval or any reply whatsoever, while the deal was allowed to be submitted after us and closed up by another ISO (assuming all of this is even true in the first place) is inexcusable. And then for us to have submitted 11 more files and receive no response is also fishy.

I appreciate your post because you helped prove my point. None of this is your fault by the way. Presumably you had no knowledge that we had submitted the file before you.

Everybody is right that it's a tiny deal and nothing to cry over. But the size of the deal shouldn't matter when it comes to polices, procedures and ethics. Funders shouldn't backdoor deals regardless of size. And if you're a submissions-driven company, you should have your **** together and be able to manage correspondence and deal flow with promptness and professionalism. Don't tell an ISO that you're email wasn't working for a month, because even if that's true, it kind of makes you look worse than if you just said you stole the deals.

Last but not least, I don't think you should have posted the merchant's name. I get that you were trying to prove what happened, but you could have PMd it to me. I masked any personally-identifiable information from my original post. Now this thread connects his company name to an excerpt from his bank statement on a public form. I am going to edit my post to remove the images (if I can even do that) and I would suggest you do the same with the company name, now that everybody has made their points.

[Chambo]

These days BIZ, almost nobody gets exclusivity. It is first one back with the contract.

Fewer and fewer funds are granting exclusivity

[RobPearlman]

Not true. You just have to find the right Funder

[J.Celifarco]

Not true. You just have to find the right Funder

why do you want exclusivity? It hurts you as much as it helps. I rather have a fair chance on every deal. Ill take my chances going up against someone rather then taking to a different bank where the offer might not be as good

[ISO man]

Empire Backdoored us as well. I was stupid to even begin with them.....we caught them red handed.

[r mirlis]

Send us your high risk deals. We have quick response times and value our partnerships.

[qualifiedsub]

They did the same thing to me. Gave me and offer of 7k. Called merchant and offered them 8.5k. Scumbags.

[NoBigDeal]

These days BIZ, almost nobody gets exclusivity. It is first one back with the contract.

Fewer and fewer funds are granting exclusivity

Pearl offers 14 day exclusivity on all newly submitted ISO deals
PM me if you're not signed up already

[MidnightAdvance]

wow, there are so many things wrong with this I dont know where to start.. I dont know what is more pathetic for a company to do steal a deal and profit off of someone else's work, or the fact that a they thought it was worth doing it on a $5900 deal. Joke

Why would you instantly believe the story? Maybe Empire got it from another ISO? Hard to believe they would steal a $6k deal.

[J.Celifarco]

[QUOTE=MidnightAdvance;96100]Why would you instantly believe the story? Maybe Empire got it from another ISO? Hard to believe they would steal a $6k deal.[/QUO

Nothing surprises me in this industry anymore.. You can only trust the people that you have a proven track record with, everyone else will try to screw you

[Karen37a]

why is this thread being pulled back up again from 2016


I know why....( told you so)

[Michael I]

Why would you instantly believe the story? Maybe Empire got it from another ISO? Hard to believe they would steal a $6k deal.

pretty clever way to hurt your competition by bringing up a 2 year old thread .

[mcaguru]

[WestCoastFunding]

Marcus, keep it up and I’m bumping that thread from 1972 about you. You don’t want that.

[Lmonus]

When will eveyrone realize that Safety in this industry is everything. Sign up with people that others already trust. There are about 5 funders in this industry which every broker should stear clear from.

Learn from others mistakes and move past them.

Thank you,

Lior Monus
CFG Merchant Solutions
Direct: 516-319-5826
Lmonus@cfgms.com

[WestCoastFunding]

When will eveyrone realize that Safety in this industry is everything. Sign up with people that others already trust. There are about 5 funders in this industry which every broker should stear clear from.

Learn from others mistakes and move past them.

Thank you,

Lior Monus
CFG Merchant Solutions
Direct: 516-319-5826
Lmonus@cfgms.com

This

[J.Celifarco]

When will eveyrone realize that Safety in this industry is everything. Sign up with people that others already trust. There are about 5 funders in this industry which every broker should stear clear from.

Learn from others mistakes and move past them.

Thank you,

Lior Monus
CFG Merchant Solutions
Direct: 516-319-5826
Lmonus@cfgms.com

yep this sums it up perfectly

[mcaguru]

Marcus, keep it up and I’m bumping that thread from 1972 about you. You don’t want that.

My parents were not married yet in 1972

[WestCoastFunding]

My parents were not married yet in 1972

Which is a SCANDAL!!!!!!

[fundingsmbs]

or just become the funder and stop all this nonsense and control your destiny

[Nunya]

This

who?

[Karen37a]

or just become the funder and stop all this nonsense and control your destiny

I agree with this but I still think people need to syndicate with funders who you have a good relationship with and are established ...or at least I do.

You cant be all things to all people.

Selling a refrigerator to an Eskimo going over a waterfall at night with 3 penguins working for the save the penguin foundation, while looking at yourself in the mirror, blowing kisses with your Christian Louboutin snow boots on and Louie Vuitton purse gets tiring

[Karen37a]

Which is a SCANDAL!!!!!!

West coast is at 98078 reputation points...I was going to add to the reputation points to see if when it goes over 100k does it start again back to zero like an old cars odometer.

that would be a scandal ..or he has to hold at 999999

[DonMcGrath]

West coast is at 98078 reputation points...I was going to add to the reputation points to see if when it goes over 100k does it start again back to zero like an old cars odometer.

that would be a scandal ..or he has to hold at 999999

So you’re going to reset his speedometer, so you can put his butt back on the street like he brand new. I don’t know what happened in that hotel but I didn’t peg you for a trafficker.