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06-14-2016, 04:04 PM #1
Reputation points: 2363
- 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, 04:42 PM #2
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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