Results 1 to 25 of 31
Hybrid View
-
04-17-2014, 08:07 PM #1
- Join Date
- Apr 2014
- Posts
- 73
I am not the biggest fan of funders calling my merchants before the deal is closed either.. main reason.. these are relationships that I have built over many years of being in business. I don't like people calling my people and trying sleazy tactics to "hard close" my deals.
In most situations I am dealing with sophisticated business owners who are in the know. The majority of the people I am dealing with aren't using this money to pay debts or float operating capital.. they are using the money to acquire competitors business' or fund large sales where they are making more than the 30% they get charged for using the money. A few of my customers use money to expand to new markets as well (looking for 750k for a guy who wants to expand into China right now btw)
I don't usually do deals for people who are on their way out.. I would rather look at the long run and keep relationships strong so after this industry is done and gone (nothing this good lasts forever) these people are still in my book of business.
Similar Threads
-
Is Universal Funds tied to any other Lender (e.g., MCC & Next Level Funding)
By Quickfunder in forum Merchant Cash AdvanceReplies: 39Last Post: 02-26-2015, 02:00 PM -
Yellowstone Capital West is now a California licensed Lender
By isaacdstern in forum Merchant Cash AdvanceReplies: 37Last Post: 07-09-2013, 11:25 AM -
Can't Find A Lender
By Fetachini in forum Merchant Cash AdvanceReplies: 18Last Post: 05-16-2013, 12:55 PM -
Need Hard Money Lender for 800k Property Purchase
By Quickfunder in forum Merchant Cash AdvanceReplies: 8Last Post: 04-12-2013, 09:52 AM -
MCA lender success story with Lendio platform
By dave.lendio in forum PromotionsReplies: 1Last Post: 10-17-2012, 12:28 PM