December 26 and January 2
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  1. #1
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    December 26 and January 2

    Hey i am realizing that banks are closed since the holidays fall out on a Sunday . Are the lenders all going to be closed also ? Is it insulting to call people on those days ?

  2. #2
    Veteran Reputation points: 159073 J.Celifarco's Avatar
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    We are closing our office both days to give everyone off. Schools are closed most jobs are off so we are closing. Even if open not going to be bale to get many people on the phone so figured give everyone the days off
    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

  3. #3
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    Our offices will be closed. I would consider those days and the Fridays prior to be admin days. It is highly unlikely you ill get much done. I will be using the time to clean up files and doing research to hit the ground running in 2017.

  4. #4
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    We are a lender and will be closed both days. If you can't collect or fund, you might as well take the day off.
    Last edited by CreditGuy; 12-22-2016 at 10:39 AM.

  5. #5
    Senior Member Reputation points: 32550 Funder Mark's Avatar
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    Quote Originally Posted by CreditGuy View Post
    We are a lender and will be closed both days. If you can't collect or fund, you might as well take the day off.
    But are you a 'lender', or a 'funder'? I am a 'funder', just like my name says.

  6. #6
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    Quote Originally Posted by Funder Mark View Post
    But are you a 'lender', or a 'funder'? I am a 'funder', just like my name says.
    Ha! Right on. Very important point that most people don't realize. We are definitely a direct funder (using our own money to fund, plus co-investor money) but we do not "lend". Very important distinction.

  7. #7
    Senior Member Reputation points: 32550 Funder Mark's Avatar
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    Quote Originally Posted by dpFund View Post
    Ha! Right on. Very important point that most people don't realize. We are definitely a direct funder (using our own money to fund, plus co-investor money) but we do not "lend". Very important distinction.
    So how are your deals legally defined? Are they loans, advances, or some other form of financing?

  8. #8
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    Quote Originally Posted by Funder Mark View Post
    But are you a 'lender', or a 'funder'? I am a 'funder', just like my name says.
    CreditGuy is usually on point doubt he made that mistake
    David Obstfeld
    Chief Executive Officer
    SOS Capital
    1330 Ave of the Americas, NY, NY 10019
    212-235-5455
    SOSCapital.com

  9. #9
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    We will be OPEN Friday 12/23
    We will be OPEN Monday 12/26
    We will be OPEN Friday 12/30
    We will be OPEN Monday 01/02

    Some of our employees wont be in all those days however we have some large ISO's in third world countries (tip of the year to my competitors) and cant be closed that many days.
    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

  10. #10
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    Quote Originally Posted by mcaguru View Post
    We will be OPEN Friday 12/23
    We will be OPEN Monday 12/26
    We will be OPEN Friday 12/30
    We will be OPEN Monday 01/02

    Some of our employees wont be in all those days however we have some large ISO's in third world countries (tip of the year to my competitors) and cant be closed that many days.
    is that only cresthill or mantis also ? meaning the ones that call out

  11. #11
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    Quote Originally Posted by mcaguru View Post
    We will be OPEN Friday 12/23
    We will be OPEN Monday 12/26
    We will be OPEN Friday 12/30
    We will be OPEN Monday 01/02

    Some of our employees wont be in all those days however we have some large ISO's in third world countries (tip of the year to my competitors) and cant be closed that many days.
    You may be open, but will you be funding on those days?

  12. #12
    Senior Member Reputation points: 117586 ridextreme's Avatar
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    you can't wire funds when banks are closed

  13. #13
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    we would prep and would leave our banks on the open.
    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

  14. #14
    Quote Originally Posted by Michael I View Post
    Hey i am realizing that banks are closed since the holidays fall out on a Sunday . Are the lenders all going to be closed also ? Is it insulting to call people on those days ?
    The actual holiday is on Sunday. It is only a bank holiday on Monday-- I think it is like calling on Veterans day.. I don't think anyone will be insulted if you can reach them.

  15. #15
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    Quote Originally Posted by happysales View Post
    The actual holiday is on Sunday. It is only a bank holiday on Monday-- I think it is like calling on Veterans day.. I don't think anyone will be insulted if you can reach them.
    monday is fine, most will prob still take off though.

  16. #16
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    Quote Originally Posted by Funder Mark View Post
    So how are your deals legally defined? Are they loans, advances, or some other form of financing?
    The definition is "Funder" the purchase of future receivables.
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

  17. #17
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    Thank you all

  18. #18
    Senior Member Reputation points: 570 dworange's Avatar
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    This is dwayne webster at yellowstone im in the office you can call my cell at 551-263-8638 all ways working or send a email to documentfunding@yellowstonecapllc.com

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