[Yankeeman07]

Where have you been? 9/10 Funders ask for Contact Info AT Contract Request.

Real Simple - A file would not be submitted to underwriting without me personally speaking to a merchant.
plus, we never submit a partial file thru referrals - which 90%+ are incomplete
I will not waste an underwriters time on incomplete files

Keep in mind our main focus is SBA & Credit Card Splits MCA's and to a lesser extent - Hard Money Loans.

[moneygreen]

Real Simple - A file would not be submitted to underwriting without me personally speaking to a merchant.
plus, we never submit a partial file thru referrals - which 90%+ are incomplete
I will not waste an underwriters time on incomplete files

Keep in mind our main focus is SBA & Credit Card Splits MCA's and to a lesser extent - Hard Money Loans.

Please stop posting gibberish you make zero sense!!! First you say you need to speak to a merchant to UW a file? No actually you just need an app with a Business name, address, EIN, merchant name, personal address, SS and DOB signed and dated along with some bank statements. That's all you need to provide until contracts are signed, once signed then ofc you can speak to the merchant but that's not what the poster said. Then apparently you need to speak to each merchant personally b4 submitting to UW? In what world? I understand looking over a file before sending it out, but speaking to the merchant personally that's not even yours? Cmon Dave..
PS: Please update you website

[Yankeeman07]

Please stop posting gibberish you make zero sense!!! First you say you need to speak to a merchant to UW a file? No actually you just need an app with a Business name, address, EIN, merchant name, personal address, SS and DOB signed and dated along with some bank statements. That's all you need to provide until contracts are signed, once signed then ofc you can speak to the merchant but that's not what the poster said. Then apparently you need to speak to each merchant personally b4 submitting to UW? In what world? I understand looking over a file before sending it out, but speaking to the merchant personally that's not even yours? Cmon Dave..
PS: Please update you website

Yes, All files that come to my desk are my responsibility - The Bank and my funders pays me - therefore I'm responsible for the information on a application

So in the real world, YES, I speak to every merchant that is attempting to secure funding. Main Question, besides the accuracy of info.

Usage of funds - what is the merchant's plan for $$$ - Guess how many apps I receive - Usage of funds - brokers answer - "Max Offer"
That does not and will not pass muster.


BTW, what is your web site? Your contact info ?

[abfunders]

Yes, All files that come to my desk are my responsibility - The Bank and my funders pays me - therefore I'm responsible for the information on a application

So in the real world, YES, I speak to every merchant that is attempting to secure funding. Main Question, besides the accuracy of info.

Usage of funds - what is the merchant's plan for $$$ - Guess how many apps I receive - Usage of funds - brokers answer - "Max Offer"
That does not and will not pass muster.


BTW, what is your web site? Your contact info ?

Dave, you must either be on drugs or you're not very intelligent. Your original rhetorical question was, "Educate me - How does a funder underwrite a file without contacting the customer?" Now you're writing about "A file would not be submitted to underwriting without me personally speaking to a merchant" and you're talking about brokering and pre-screening BEFORE underwriting.

Stop the nonsense and quit while you're way behind.

[Yankeeman07]

Dave, you must either be on drugs or you're not very intelligent. Your original rhetorical question was, "Educate me - How does a funder underwrite a file without contacting the customer?" Now you're writing about "A file would not be submitted to underwriting without me personally speaking to a merchant" and you're talking about brokering and pre-screening BEFORE underwriting.

Stop the nonsense and quit while you're way behind.

This was the statement " First you say you need to speak to a merchant to UW a file?" - Yes, I speak with all merchants prior to submitting the file to the Bank of if it is a MCA/Hard Money Loan/Credit Card Processing - the same standard.

Shocking News Bulletin - Brokers have been known to fabricate applications -

[ryan $]

Dave, you must either be on drugs or you're not very intelligent. Your original rhetorical question was, "Educate me - How does a funder underwrite a file without contacting the customer?" Now you're writing about "A file would not be submitted to underwriting without me personally speaking to a merchant" and you're talking about brokering and pre-screening BEFORE underwriting.

Stop the nonsense and quit while you're way behind.

Micah gets it.

[ryan $]

Yes, All files that come to my desk are my responsibility - The Bank and my funders pays me - therefore I'm responsible for the information on a application

So in the real world, YES, I speak to every merchant that is attempting to secure funding. Main Question, besides the accuracy of info.

Usage of funds - what is the merchant's plan for $$$ - Guess how many apps I receive - Usage of funds - brokers answer - "Max Offer"
That does not and will not pass muster.


BTW, what is your web site? Your contact info ?

Where do you find the time? If I had to personally call every merchant..... geeze, are you on Meth? Or just really small?

[Yankeeman07]

Where do you find the time? If I had to personally call every merchant..... geeze, are you on Meth? Or just really small?

Why do you think it is so hard to speak to a merchant, have a conversation, learn about their business, answer their questions.
Will this be a good merchant to fund ?

Take a guess at how many times I've been sent an application and after speaking with a merchant, correcting information
that was not accurate?