NEW ISSUE for 3rd TIME THIS WEEK....
Need a Funder or Vendor? START HERE

Results 1 to 18 of 18

Hybrid View

  1. #1
    Senior Member Reputation points: 99426
    Join Date
    Sep 2012
    Location
    New York, NY
    Posts
    1,780

    That's always a risk. That's why many funders do a UCC search on the day of funding. The way for a merchant to really game the system is to coordinate all the fundings to hit on the same day and that takes some luck and skill.

  2. #2
    Senior Member Reputation points: 10944
    Join Date
    Oct 2013
    Location
    New York, NY
    Posts
    1,203

    Quote Originally Posted by MCNetwork View Post
    That's always a risk. That's why many funders do a UCC search on the day of funding. The way for a merchant to really game the system is to coordinate all the fundings to hit on the same day and that takes some luck and skill.
    That's exactly what they were trying to coordinate. And lets be honest, I have seen it take 3-4 days for a UCC that I filed to pop up in a search, that right there is cause for a concern

Similar Threads

  1. How many Stacks did you did one merchant have at one time?
    By CO1 in forum Merchant Cash Advance
    Replies: 52
    Last Post: 09-20-2019, 02:00 PM
  2. Daily Funder issue 2
    By isaacdstern in forum Merchant Cash Advance
    Replies: 20
    Last Post: 03-24-2014, 01:45 PM
  3. Any Of You Attending SEAA next week?
    By 1StopFunding in forum Merchant Cash Advance
    Replies: 0
    Last Post: 03-18-2014, 03:43 PM
  4. DF MAG Issue #2
    By Capital Stack in forum Merchant Cash Advance
    Replies: 6
    Last Post: 03-04-2014, 02:01 PM
  5. Can you guys work with these clients? 1-5k Warm Real-time leads LMK
    By dave.lendio in forum Merchant Cash Advance
    Replies: 4
    Last Post: 11-09-2012, 04:44 PM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

Blue Owl Capital acquires Atalaya
Kansas added to disclosure service tool
FIS launches SMB digital lending


DIRECTORY