Results 1 to 11 of 11
-
11-08-2018, 12:29 PM #1
- Join Date
- Jun 2018
- Posts
- 462
Merchants expecting the world
These merchants with 2+ positions looking for monthly deals at 7 percent
because this is what the past broker put in their head because the obv have 0 sales skill and flat out lie in order to close the deal for 50% deal over 3 months
just annoying as FCUK
-
11-08-2018, 01:12 PM #2
- Join Date
- Mar 2016
- Posts
- 904
Story of our lives man.
Thank you,
Lior Monus
Business Development Manager
CFG Merchant Solutions
Direct: (646) 880-6764
Cell: (516) 319-5826
Fax: (646) 278-7322
Lmonus@cfgms.com
180 Maiden Lane New York, NY 10038
www.cfgmerchantsolutions.com
-
11-08-2018, 01:28 PM #3
- Join Date
- Jun 2018
- Posts
- 462
-
11-08-2018, 01:30 PM #4
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,915
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
-
11-08-2018, 01:32 PM #5
Rookies desperate for paper will say, and sometimes do, almost anything to get the file in. HOPING, that when the REAL #'s or offers hit, the merchant will just throw up their hands and acquiesce.
Of course, this just makes the merchant frustrated and angry, which the next person to call has to deal with
-
11-08-2018, 01:48 PM #6
- Join Date
- Jun 2013
- Posts
- 293
You can get a monthly payment deal at 7% on a 3rd position.....its called defaulting on your first 2 positions and settling for pennies on the dollar with them both at $25 weekly payments (cause MCA collectors suck and a coached Merchant is dangerous), then you pay a once a month fee (or in some cases a one time fee) to the broker who told you how to do it as a 3rd position.
Lovely World we Live in today. Where has the integrity gone?
-
11-08-2018, 01:53 PM #7
- Join Date
- Dec 2013
- Posts
- 4,713
Cant write much i'm eating my Lunch !
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
-
11-08-2018, 01:58 PM #8
- Join Date
- Feb 2018
- Posts
- 1,349
we are funding 1000s of files daily and paying double digit commissions to all of our brokers. we have the UW's like an assembly line making offers every second. We are up until midnight funding paper for brokers and snorting lines to keep up with the demand. we are on pace to outfund more than kabbage odc and square Q4 and are planning a visit to south america to keep buying more coke to make our uws more efficient at making offers no matter what the file looks like.
wait! im sounding like other folks on here now! ive been infected!
-
11-08-2018, 03:48 PM #9
- Join Date
- Jun 2018
- Posts
- 462
-
11-08-2018, 03:52 PM #10
- Join Date
- Jun 2017
- Posts
- 2,049
I have a merchant now with a Principis 1st position. Since he took out his first he has defaulted on a mortgage and his credit score dropped by 150 points. I offered him a 1.49 75 day term (literally the highest dollar amount approval ) but only thing i can get him is under 6 months 1.45 to 1.49 and he is expecting principis pricing/terms not taking into account his drastic change in situation.
Merchants are crazy and entitled
-
11-08-2018, 03:54 PM #11Patrick Wilson
Managing Partner
www.PremierCapitalNetwork.com
(NO MORE LENDER/FUNDER CALL PLZ)
Similar Threads
-
World Global Cap?
By codyp_bizcash in forum Merchant Cash AdvanceReplies: 2Last Post: 09-21-2018, 02:28 PM -
More consolidation in the factoring world.
By Kevin Henry-Seacoast in forum All Other LendingReplies: 0Last Post: 02-08-2018, 09:28 AM -
where in the world is carmen (cyril)
By Michael I in forum Merchant Cash AdvanceReplies: 21Last Post: 07-27-2016, 05:20 PM -
Hello World!
By JayBallentine in forum PromotionsReplies: 0Last Post: 02-07-2014, 12:46 AM