Results 1 to 23 of 23
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03-16-2017, 12:17 PM #1
- Join Date
- Mar 2017
- Posts
- 23
Have you worked with or done a Consolidation with Fundzio ???
Has anyone ever worked with a company called Fundzio? They market themselves as a shop that consolidates MCA's with terms out to 36 month. Anyone ever sent a deal their way? What was the experience like?
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03-16-2017, 01:56 PM #2
- Join Date
- Aug 2015
- Location
- Boulder, CO
- Posts
- 755
Have not heard of Fundzio but I consolidate MCAs (max funding $2MM), with terms up to 30 months.
Direct funder, monthly payments. You will see me around here. :-)
Feel free to reach out.
Best,
Dan Page
Direct: (303) 938-8280
dan@fundingstrategypartners.com
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03-16-2017, 02:02 PM #3
- Join Date
- May 2015
- Location
- NYC
- Posts
- 197
Someone posted a thread about them recently that appears to have been removed by the admin. If I remember most of the replies were about them being brokers.
Tommy Stein
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03-16-2017, 02:13 PM #4
- Join Date
- Aug 2014
- Posts
- 194
I've never seen them on statements but have seen their PSF's
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03-16-2017, 02:21 PM #5
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- Jun 2015
- Posts
- 3,326
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03-16-2017, 02:58 PM #6
- Join Date
- Mar 2017
- Posts
- 23
good to know, I will be in touch very soon
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03-16-2017, 03:48 PM #7
- Join Date
- Oct 2016
- Posts
- 4,318
Yep. Brokers who seem to have a track record of pissing off merchants by charging upfront fees and not delivering. Their BBB:
https://www.bbb.org/south-east-flori...and-complaints
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03-16-2017, 05:34 PM #8
- Join Date
- Dec 2013
- Posts
- 4,713
Anyone can write anything bad on BBB such as competitor or x employee.
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
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03-16-2017, 05:38 PM #9
- Join Date
- Jun 2015
- Posts
- 3,326
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03-16-2017, 06:16 PM #10
Worked with them 2+ years ago, absolute nightmare took 30+ days to do a funding, rep wouldn't answer phone calls. I can't speak to today but just seeing that name on this thread triggered me
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03-16-2017, 07:08 PM #11
- Join Date
- Oct 2016
- Posts
- 4,318
Sure. But I see 6 BBB complaints all pretty much saying the same thing: they ask for upfront fees and then don't deliver, leading to merchants demanding refunds. Each had a response by Fundzio acknowledging upfront fees.
What "funder" asks for upfront fees? Because they seemed to have portrayed themselves as such. Or maybe they're syndicating.
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03-17-2017, 04:50 AM #12
- Join Date
- Apr 2016
- Posts
- 18
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03-17-2017, 09:25 AM #13
- Join Date
- Jan 2014
- Posts
- 1,378
well this just got interesting
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03-17-2017, 09:37 AM #14
- Join Date
- Oct 2016
- Posts
- 4,318
The general point I'm making is: the person that started this thread wanted info about this company. As has been pointed out on a previous thread, this company at times portrays itself as a funder but, instead, white labels and leaves the referral broker in a bad position.
I think brokers who are considering referring to them have a right to know that. Just like AAlonzo complains about other white label era portraying themselves as direct funders.
Why does everyone get so upset when us brokers want lenders/funders to verify they are just that: lenders/funders? And if we don't use this forum to verify, then where?
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03-17-2017, 10:50 AM #15
I can sincerely attest, Fundzio is a complete waste of time and does not deliver.
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03-17-2017, 11:03 AM #16
- Join Date
- Jan 2014
- Posts
- 1,378
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03-17-2017, 11:50 AM #17
- Join Date
- Mar 2017
- Posts
- 23
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03-17-2017, 03:26 PM #18
- Join Date
- Dec 2013
- Posts
- 4,713
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
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03-19-2017, 06:08 AM #19
- Join Date
- Apr 2016
- Posts
- 18
Fundzio will definitely try to backdoor you. Deal with direct lenders you trust. Period.
Last edited by AAlonzo; 03-20-2017 at 02:01 AM.
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03-19-2017, 09:11 AM #20
- Join Date
- Oct 2015
- Posts
- 30
Fundzio is a broker firm that back doors 90% of their deals. Whenever I put my number on an application I am expecting a call from them
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04-03-2017, 04:12 PM #21
- Join Date
- Mar 2016
- Posts
- 186
Just spoke to merchant...he paid fudzio an upfront fee of $2,495 with a promise to consolidate and got jack ****. Merchant doesn't have time to deal with their crap but promised me that he has Italian blood and will get the last laugh.
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04-03-2017, 04:19 PM #22
- Join Date
- Apr 2015
- Location
- Florida, First MCA sold in 85/ WS in 76. CFP/RIA, series 3,6,7,8,10,63,Ins218,220.
- Posts
- 554
They are advertising in Craigs for salespeople.
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04-06-2017, 01:18 PM #23
super broker out of ft lau
rarely can provide a fresh start program
charges origination fees upfront and pays iso a percentage of fee
short staffed and long wait time for responsesDisclaimer
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