Results 26 to 48 of 48
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06-09-2016, 04:10 PM #26
- Join Date
- Sep 2014
- Posts
- 720
Yet they would stack OnDeck which is also a "loan," making it a stack regardless. Plus if there are two advances outstanding, they won't stack a third. The number of cash advance positions they were coming in behind would be irrelevant by that logic. That said, (from what I've been able to gather) the scoring system is starting to cater a lot more to 1st than it is to 2nd. Don't get me wrong, it still pumps out great 2P approvals, merchant has to score out well though.
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06-13-2016, 11:08 AM #27
- Join Date
- Oct 2015
- Location
- NYC
- Posts
- 35
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06-14-2016, 11:25 AM #28
- Join Date
- Dec 2013
- Posts
- 4,713
We got dozen plus people looking under the hood for us.
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
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06-14-2016, 02:14 PM #29
- Join Date
- Sep 2012
- Location
- New York, NY
- Posts
- 1,780
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06-14-2016, 02:15 PM #30
- Join Date
- May 2014
- Posts
- 187
10th position? wtf
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06-14-2016, 02:24 PM #31John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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06-14-2016, 02:33 PM #32
- Join Date
- Sep 2015
- Location
- Miami, FL
- Posts
- 189
CrestHill Capital
Damn i was really hoping he'd do a 13th position so i can send him this clean file..... Rolleyes!
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06-14-2016, 02:36 PM #33John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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06-14-2016, 02:50 PM #34
- Join Date
- Sep 2012
- Location
- New York, NY
- Posts
- 1,780
You know we're in an industry bubble when new funders proudly advertise the fact that they do 10th positions...
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06-14-2016, 02:53 PM #35
I'm disappointed that he posted the same thing 10x in a row and then didn't answer anyone's questions, including mine about how it is they "lend"
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06-14-2016, 02:55 PM #36
- Join Date
- Dec 2013
- Posts
- 4,713
I leave for 1 day and i got to get the Mop out!
Last edited by mcaguru; 06-14-2016 at 02:57 PM.
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
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06-14-2016, 03:06 PM #37
- Join Date
- Jan 2016
- Posts
- 435
I smell a ban coming
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06-14-2016, 03:14 PM #38
- Join Date
- Dec 2013
- Posts
- 4,713
ban ?? NA! hes probably a good guy just new here and thinks offering 10th position is like when a hotels offering 4PM checkout.
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
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06-14-2016, 03:17 PM #39
nahhhhhh BAN
John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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06-14-2016, 03:19 PM #40
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06-14-2016, 04:04 PM #41
- Join Date
- Jun 2014
- Posts
- 89
Imagine if Funding sources industry wide all agreed to publish the name of the ISO of record in the inbound wire note. It would be clear when a broker brings a pristine deal to an A paper funder, then to 5 other shops in the next 2 weeks for 5 more positions. I am not here to judge this increasingly common act, but at the very least this kind of policy would create complete transparency throughout all segments of our industry. MAYHEM?!
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06-14-2016, 04:19 PM #42
- Join Date
- Jul 2014
- Posts
- 1,746
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06-14-2016, 04:42 PM #43
If someone funds a deal with an A lender then stacks on themselves the A lender should cut them off. Why anyone would do this kill the merchant and destroy their own renewal possibilities and also risk a relationship with a bank is beyond me.. Why??? To make a couple extra dollars now rather then a lot more money over the course of multiple fundings in the future. The short sightedness of some people is amazing
John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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06-14-2016, 04:59 PM #44
I hear you, so much competition forcing funding companies to put money on the street. Most 1st position funding companies keep the hold back % between 12-15%, as you know this leaves room for stacking. 1st position companies are going to need to give more capital or find other ways to keep brokers loyal etc. If not it will continue in a growing industry. I have joined the "Dark Side".
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06-14-2016, 05:19 PM #45John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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06-14-2016, 05:39 PM #46
I would have to Agree with you in 99% of the cases its not worth it.
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06-14-2016, 05:46 PM #47
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06-14-2016, 09:47 PM #48
Re: running around posting like crazy that you're a "direct lender" and ignoring a simple question, read this:
http://dailyfunder.com/showthread.ph...6820#post46820
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