[John Galt]

Have to admit, having sent a few deals that were funded with Cresthill, I always thought I was working with Mantis direct. The rep always said Mantis was first then Cresthill would look at it after, if Mantis didn't want it. Then the rep (Dylan) was replaced. All the fundings came from Cresthill and then for the first time last week the new rep asked if I wanted an Ondeck quote even though I already do business with them. I would much prefer to do biz with Mantis direct and not an outside rep who may also add fees on.

[TStein]

You guys sent me an offer of 10k for a merchant, the merchant didn't take it and a few days later you tried to fund it yourselves at a higher offer/price!!!...That's not cool man

Did you send it to other funders? We've sent some of our in-house out of criteria paper to CH/Mantis before and have never seen any attempt at a backdoor. I know my admins take steps to find out if any poaching occurs, and I will say CH/Mantis has never raised a flag.

[WhoisKingsley]

Hello All,


Lately I've received a few phone calls regarding policy - Here is what we do. You have 30 days from the day you've submitted to exclusively work the deal. If you submit a deal and it is approved and then gets submitted by another partner we will share the offer right away with the additional partner. At that point, whichever partner sends us the contract first will own the deal in our eyes. Our industry as you all know is extremely competitive - We want to provide great service to all our Partners, Lenders and Merchants - This is why we have this policy. If you would like to discuss this with me directly, please use the contact information below - I am very happy to jump on a call.


Respectfully,
Founder & CEO Cresthill Capital
Mike Marano
917-551-5273

Mike... For those who don't understand- What is the difference between both of the Companies (Mantis/Cresthill)? As you know, it's a red flag for most people to see two company names and it has came to my attention from many reps and I had to break it down.

[Mmarano]

Lol. That absolutely didn't happen. Most deals as you know have multiple brokers - So we fund for whoever gives us the signed contracts first. Thanks -

You guys sent me an offer of 10k for a merchant, the merchant didn't take it and a few days later you tried to fund it yourselves at a higher offer/price!!!...That's not cool man

[Mmarano]

Thank You Stein - I appreciate the support.

Did you send it to other funders? We've sent some of our in-house out of criteria paper to CH/Mantis before and have never seen any attempt at a backdoor. I know my admins take steps to find out if any poaching occurs, and I will say CH/Mantis has never raised a flag.

[Mmarano]

Johnny, I'll have Meyer call you today, and get us both on the phone for a meet and chat. Thank you.

Have to admit, having sent a few deals that were funded with Cresthill, I always thought I was working with Mantis direct. The rep always said Mantis was first then Cresthill would look at it after, if Mantis didn't want it. Then the rep (Dylan) was replaced. All the fundings came from Cresthill and then for the first time last week the new rep asked if I wanted an Ondeck quote even though I already do business with them. I would much prefer to do biz with Mantis direct and not an outside rep who may also add fees on.

[Michael I]

Lol. That absolutely didn't happen. Most deals as you know have multiple brokers - So we fund for whoever gives us the signed contracts first. Thanks -

agreed most people are to full of themselves and think they are the only one the merchant sent it to and that causes a lot of these backdoor allegations .

[Funder Mark]

I had a deal submitted last week by Broker A, Broker B resubmits it, I look at the app, its from Company c, and I look at the app from Broker A, also Company C. SMH this industry has crooked people.

[AndyYSCISOdept]

to be clear mantis/cresthill does have a good rep .

I will agree with that, this is the first time Ive ever heard anything negative about the way that Mike runs his shop.

[It's A Wonderful ISO]

Ok..

I've seen these type of practices for many years. I have out right shut down these type of relationships due to taking the time effort and money to cultivate business and then find myself competing with myself after another approval is sent out to another mystery ISO shortly thereafter. What strong ISO is going to continue to send business when you provide zero protection in a cut throat industry. There is far to much back-dooring and malicious behavior going on behind the scenes. Sorry guys, I strongly disagree with your stance here and it will lose you business, bottom line. I have found the majority of the companies I do business with have policies and protections in place to give our team the time necessary to sell, collect doc and fund said deal. If your a lender and you solicit ISO business then you should have a plan in place to protect their efforts, period.

The way that reads to me is very very negative and harmful to my business and I'm sure others will agree. Your saying after 30 days, my inside sales force or potentially another institution, will go after said deal. Your saying after an approval goes out, a mystery ISO, which could be your sales force for all others know, will go after the deal. I have not nor will not accuse or berate those out their that believe otherwise, your entitled to build your own infrastructures and guidelines. I will however voice my opinion so other brokers or ISO's don't fall into unnecessary traps.

[NoBigDeal]

Ok..

I've seen these type of practices for many years. I have out right shut down these type of relationships due to taking the time effort and money to cultivate business and then find myself competing with myself after another approval is sent out to another mystery ISO shortly thereafter. What strong ISO is going to continue to send business when you provide zero protection in a cut throat industry. There is far to much back-dooring and malicious behavior going on behind the scenes. Sorry guys, I strongly disagree with your stance here and it will lose you business, bottom line. I have found the majority of the companies I do business with have policies and protections in place to give our team the time necessary to sell, collect doc and fund said deal. If your a lender and you solicit ISO business then you should have a plan in place to protect their efforts, period.

The way that reads to me is very very negative and harmful to my business and I'm sure others will agree. Your saying after 30 days, my inside sales force or potentially another institution, will go after said deal. Your saying after an approval goes out, a mystery ISO, which could be your sales force for all others know, will go after the deal. I have not nor will not accuse or berate those out their that believe otherwise, your entitled to build your own infrastructures and guidelines. I will however voice my opinion so other brokers or ISO's don't fall into unnecessary traps.

Pearl offers 2 weeks exclusivity on ALL newly submitted ISO deals. We're strictly ISO based so you will never have to worry about your deal disappearing to some "mystery ISO/In-House sales team."
If you're not already signed up, feel free to PM me for more info

[It's A Wonderful ISO]

Pearl offers 2 weeks exclusivity on ALL newly submitted ISO deals. We're strictly ISO based so you will never have to worry about your deal disappearing to some "mystery ISO/In-House sales team."
If you're not already signed up, feel free to PM me for more info

Worked with Pearl since 2011, have also had these type of issues in past when Yellowstone was basically sitting in your office but they have since been resolved. We are currently satisfied and continue to fund business with Pearl. Thanks.

[Funder Mark]

Worked with Pearl since 2011, have also had these type of issues in past when Yellowstone was basically sitting in your office but they have since been resolved. We are currently satisfied and continue to fund business with Pearl. Thanks.

It was the other way around...

[Mmarano]

Yea Mark. Industry is nuts. We only work with a select few outside lenders. Mostly everything drops in house.

I had a deal submitted last week by Broker A, Broker B resubmits it, I look at the app, its from Company c, and I look at the app from Broker A, also Company C. SMH this industry has crooked people.

[Mmarano]

You're pissing up the wrong tree.

Ok..

I've seen these type of practices for many years. I have out right shut down these type of relationships due to taking the time effort and money to cultivate business and then find myself competing with myself after another approval is sent out to another mystery ISO shortly thereafter. What strong ISO is going to continue to send business when you provide zero protection in a cut throat industry. There is far to much back-dooring and malicious behavior going on behind the scenes. Sorry guys, I strongly disagree with your stance here and it will lose you business, bottom line. I have found the majority of the companies I do business with have policies and protections in place to give our team the time necessary to sell, collect doc and fund said deal. If your a lender and you solicit ISO business then you should have a plan in place to protect their efforts, period.

The way that reads to me is very very negative and harmful to my business and I'm sure others will agree. Your saying after 30 days, my inside sales force or potentially another institution, will go after said deal. Your saying after an approval goes out, a mystery ISO, which could be your sales force for all others know, will go after the deal. I have not nor will not accuse or berate those out their that believe otherwise, your entitled to build your own infrastructures and guidelines. I will however voice my opinion so other brokers or ISO's don't fall into unnecessary traps.

[Zach]

Honestly I'm not sure why anyone is having problems -- Pearl and Mantis are my "go-to" high-risk funders. Legend has also been coming through on some tough deals.

[John Galt]

I for one have never had any issues with Cresthill. still unsure if I'm with Cresthill/Mantis in house or not using Daniel though.

[AndyYSCISOdept]

Honestly I'm not sure why anyone is having problems -- Pearl and Mantis are my "go-to" high-risk funders. Legend has also been coming through on some tough deals.

there you go

[It's A Wonderful ISO]

Honestly I'm not sure why anyone is having problems -- Pearl and Mantis are my "go-to" high-risk funders. Legend has also been coming through on some tough deals.

What's up Zach. My comment was simply based on the initial quote, I've funded deals with Mantis in past, Marcus is always solid to work with. I've been in this industry since Jan 07, I've seen alot of madness throughout the years. Iv'e seen many companies come and go. I have a little knowledge and seniority here in this field. So when I see this, as I did with several other companies policies, I think better more pro-active steps can be taken to secure relationships and the efforts of all those involved.

[HDF]

Yea Mark. Industry is nuts. We only work with a select few outside lenders. Mostly everything drops in house.

Are you referring to Mantis, Mike?

[Mmarano]

No, he was not referring to CHC/MF. I asked him specifically in Direct messages. He told me no. He will tell you the same.

Are you referring to Mantis, Mike?

[Mmarano]

Thanks Zach, We will match or beat most offers that they offer -

Honestly I'm not sure why anyone is having problems -- Pearl and Mantis are my "go-to" high-risk funders. Legend has also been coming through on some tough deals.

[Mmarano]

Thanks MAC.

there you go

[HDF]

No, he was not referring to CHC/MF. I asked him specifically in Direct messages. He told me no. He will tell you the same.

Now thoroughly confused. Do your thing bro, that's fine. But when neither yourself nor your Guru can answer a question or issue plainly and clearly, it adds too the mystery.

[Funder Mark]

Now thoroughly confused. Do your thing bro, that's fine. But when neither yourself nor your Guru can answer a question or issue plainly and clearly, it adds too the mystery.

Mike was talking about my post, where I mentioned 2 ISO's sent in a deal using a 3rd company's app. Mike wanted to be sure it had nothing to do with him. I said it did not.