Results 26 to 50 of 91
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02-10-2017, 12:28 PM #26
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- Sep 2014
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- 430
I'm not a jobber hammering phones. I'm aware of SOS requirements because that's my job as a guy that underwrites credit. The only "research" I had to do was find the statutory language. This didn't take me as long as you assume.
Then why, as asked above, isn't your business registered as a foreign limited partnership with FL SOS as is required?
Yet here you are...
Look, you are clearly defensive and wish people would just shut up and send you business. Myself, and some other folks here, underwrite businesses for a living and part of that is making sure people are in legal compliance and generally on the up and up. Your website, your lack of SOS registration, and various other things you've said here are a cause for legitimate concern and risk signals that your operation isn't ready for primetime. You are asking that people here refer you their customers, which in almost all instances are the owner's sole source of income/livelihood. You are asking people to send you highly sensitive business and personal information that is easily used for identity theft or other avenues of abuse. You're not asking for them to refer people to your pizza shop."Nobody can make you feel inferior without your consent." -Eleanor Roosevelt
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02-10-2017, 12:34 PM #27
- Join Date
- Jul 2015
- Posts
- 1,202
WELL SAID^
Syd may very well be a great guy, but you really need to get your act together for everyone's sake. As an industry, all of us need to step it up a bit.
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02-10-2017, 12:40 PM #28
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- Dec 2013
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At least you guys are honest and not looking to hurt this funder. I bet you at some shop somewhere in America the head of sales just got out the Megaphone and pleaded with the reps to get any deal that seems bad over to these guys before they smarten up..( i am not saying this funder will fool for it).
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
——————————————————————————
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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02-10-2017, 12:42 PM #29
- Join Date
- Oct 2016
- Posts
- 4,318
Very well said.
This guy is asking people to send over their clients' personal information (including SS#) and business bank statements, but doesn't want to ease people's concerns that he's not legit. And when people ask basic commonsense questions, he gets defensive. Defensiveness is generally a good sign that someone is trying to hide something. All the other funders on this forum have no problems answering any of these questions.
But when you combine lack of SOS registration, lack of internet footprint, a single page website written in "Ipsum Lorem" and outright anger at people attempting to vet your company, people are going to be highly-skeptical.
If this is the public face of your customer service and ISO outreach, one can only imagine the hell one would have to go through working with you.
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02-10-2017, 12:45 PM #30
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- Dec 2013
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- 4,713
With all said...There is a great chance that if you met these folks you would not have posted any of the above.
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
——————————————————————————
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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02-10-2017, 12:53 PM #31
- Join Date
- Mar 2016
- Location
- Miami, FL
- Posts
- 14
Thank you all for the public feedback and the private messages/emails. We look forward to working with anyone who is interested in our programs.
We are also willing to provide, privately, any additional information or documentation necessary to substantiate the legitimacy of our operation, once we have an ISO agreement in place and the provisions of confidentiality and non-disclosure are mutually agreed to. We do not expect anybody to send us a submission unless and until they have fully vetted us and are comfortable with moving forward.
We understand the many justified reasons for skepticism in this space, and we will ensure that our company provides transparency to our partners. The operative word here is "partners" - we are not going to open up our books in a public forum. We look forward to building strong, profitable relationships many new partners in the coming months.
In short, you might not like our website, you might question whether we are non-compliant with statutory filing requirements (we are not), and you might have any number of other questions or concerns about our company. We'll do our best to provide you with the answers you are looking for, but there's a limit to how much we can (or should be expected to) publish publicly.Last edited by SydCapital; 02-10-2017 at 01:17 PM. Reason: typo
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02-10-2017, 12:55 PM #32
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- Jul 2015
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02-10-2017, 12:56 PM #33
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- Dec 2013
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the only question anyone would be OK asking would be a First and Last name,
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
——————————————————————————
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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02-10-2017, 01:04 PM #34
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- Sep 2014
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- 430
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02-10-2017, 01:10 PM #35
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- Mar 2016
- Posts
- 335
^^^ ..........yeahhhhhh about that........... ^^^
---
Bill Doody
Round Table Financial
Business Development Officer
bill@rtfinancialgroup.com
C: (949) 444-3346
www.rtfinancialgroup.com
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02-10-2017, 01:18 PM #36
- Join Date
- Oct 2016
- Posts
- 4,318
"We are also willing to provide, privately, any additional information or documentation necessary to substantiate the legitimacy of our operation, once we have an ISO agreement in place"
Provide information relating to your company's legitimacy AFTER an ISO agreement is in place?
That's not supposed to be how this works.
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02-10-2017, 01:18 PM #37
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- Mar 2016
- Location
- Miami, FL
- Posts
- 14
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02-10-2017, 01:33 PM #38
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- Feb 2016
- Posts
- 245
The falcons blew a 28-3 lead
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02-10-2017, 02:27 PM #39
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- Dec 2013
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- 4,713
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
——————————————————————————
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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02-10-2017, 02:52 PM #40
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- Mar 2016
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- 657
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02-10-2017, 02:58 PM #41
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- Jul 2015
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That's because i don't confuse professionalism and success.
Yes, that is very apparent, Guru.
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02-10-2017, 03:05 PM #42
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- Dec 2013
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Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
——————————————————————————
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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02-10-2017, 04:27 PM #43
- Join Date
- Oct 2016
- Posts
- 4,318
We expect funders to thoroughly vet borrowers to make sure they're legit. Many funders will -- rightfully -- vet ISOs. As a broker myself I've learned to vet my ISOs. So why wouldn't we expect ISOs to vet people claiming to be direct funders? We owe it to our clients to vet funders. Just send in people's personal and business information/documents to unknown, unvetted entities who'se only internet footprint is a post on a message board?
Even more, what's this person's name? All the other funders will provide name and contact information. This guy won't tell us his first and last name (unless his actual name is Syd Capital).
It's in everyone's interest in this industry to make sure that we reduce/eliminate exposure of clients info to fraud. Therefore, it's in everyone's interest to make sure funders are vetted, so as to avoid stories that will hurt the industry.
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02-10-2017, 10:48 PM #44
eyo...... Can't we ALLL JUS GET ALONG??????
(I just HAD to do it cause I'm so late catching up on this tonight...)
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02-10-2017, 11:12 PM #45jotucker1983Guest
No, that's not ALL that matters. There's a ton of fraud going on in the industry with deals getting stolen, merchant's information being stolen, and all types of other shady activities. You need to properly identify and represent yourself in this marketplace to be taken seriously.
Also if you don't originate internally, then how are you a direct funder/lender?
What does "not much" mean? And why don't you want to release your volumes? How am I as a prospective broker to your company going to know that you have the experience, platforms, people, and technology to HANDLE a deal flow if you haven't actually HANDLED deal flow before?
And I don't work for the telephone company, but my office has a telephone line. What kind of answer is this? You really believe in 2017 that not having ANY Google presence is funny? Your telephone number doesn't even come up under your business name when doing a Google Search. You think that's funny?
You can't be damn serious lol.
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02-11-2017, 10:32 AM #46
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02-13-2017, 09:25 AM #47
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- Aug 2016
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It is such a shame as a real micro deal funder is needed . Meaning someone with good credit and just low volume to get a normal 6 month type deal(not 1.50 2 months) and fund in a day with minimal stips. Loan me used to be that lender but now they really only approve higher volume.
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02-13-2017, 10:17 AM #48
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- Dec 2013
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I believe (I can back it up) that i was the first to use the term "Micro Deals" within our ACH/MCA industry (I took it from the leasing space were under 5K in equipment they use the term Micro leasing.. usually for credit card terminals/copy machines/ point of use water coolers/ vending machines/ etc)....
and with that said I believe MANTIS is probably one of the largest if not "the" largest in the micro files space: we have several underwriters just covering files with deposits as low as $4K up to 25k in monthly deposits. those files we overlook (for the most part) LOW CREDIT / LOW # OF MONTHLY DEPOSITS / HIGH NSF'S / INCONSISTENT REVENUES /
We also get you offers (or declines) in a FEW HOURS with FEW STIPS /(Almost NEVER COJ on Micro Files) and funds hours after contracts-back-in with DOUBLE DIGIT COMMISSIONS!!!
WE ALSO LOVE FUNDING LARGE FILES!!
sign-up today!Last edited by mcaguru; 02-13-2017 at 10:20 AM.
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
——————————————————————————
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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02-13-2017, 10:30 AM #49
- Join Date
- Aug 2016
- Posts
- 831
Thank you however you are a high risk product. meaning i send you a file doing 10k a month you approve it for $2500 over 3 months at 1.49.What i am referring to is someone doing 5k to get a 5k 1.3 6 months approval.That same merchant with excellent credit if he was doing 20k he can get an 18 month 20k approval at a 1.3
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02-13-2017, 11:15 AM #50
- Join Date
- Dec 2013
- Posts
- 4,713
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
——————————————————————————
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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