Results 1 to 18 of 18
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08-31-2017, 03:12 PM #1
- Join Date
- Dec 2013
- Posts
- 4,713
Funding Circle allegedly .... no longer deal directly with “small broker
https://smallbusinesslending.io/fund...locks-brokers/
http://www.altfi.com/article/3416_ma...ts_off_brokers
Cresthill will always work with the Small Broker....!!! SIGN-UP TODAY!!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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08-31-2017, 03:17 PM #2
Not a surprise. Their model is not catered to the typical mca type broker. Also, because they are more of the stewardship of investors money than a balance sheet lender, they have to be extremely careful who they allow to market their loan programs. If defaults rise and investors audit and learn it was brokers who originated bulk of loans, it would case hardship on their brand.
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08-31-2017, 03:24 PM #3
- Join Date
- Dec 2013
- Posts
- 4,713
from rabbi's to priests to teachers always a bad apple.... to tell family to stay away from them would be an injustice....
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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08-31-2017, 03:28 PM #4
- Join Date
- Apr 2017
- Location
- Dallas
- Posts
- 183
I have a great ISO with them and put up 250K+ with FC last month. Sept is looking better for that product and if they do I have like five other FC products
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08-31-2017, 04:06 PM #5
- Join Date
- Jul 2014
- Location
- Jackson Hole Wy
- Posts
- 726
If you need to place a FC merchant contact us!
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08-31-2017, 04:48 PM #6
- Join Date
- Aug 2016
- Posts
- 827
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08-31-2017, 05:07 PM #7
- Join Date
- Oct 2016
- Posts
- 4,318
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08-31-2017, 05:25 PM #8
- Join Date
- Feb 2017
- Posts
- 3,395
How do you know that you got canceled?
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08-31-2017, 05:53 PM #9
Funding Circle just doesnt want to keep having deals sent to them from ISO's who have no clue on how to qualify a merchant for the funding circle product!!
Why pay hours to underwriters and the ISO's are just submitting garbage files to them?
Totally agree with Funding Circle on this powerful and needed change.
From my knowledge they have cut off many ISO's that just are submitting to them and have no clue what they offer!!!!!Disclaimer
This message brought to you by:
CraaaCraaa Radio ®
http://debanked.com/merchant-cash-ad...nce-directory/
World of MCA
E.V.P Business Development
___________________________
"Success is a lousy teacher. It seduces smart people into thinking they can't lose."
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08-31-2017, 06:49 PM #10
- Join Date
- Apr 2017
- Location
- Dallas
- Posts
- 183
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08-31-2017, 06:49 PM #11
- Join Date
- Apr 2017
- Location
- Dallas
- Posts
- 183
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08-31-2017, 07:00 PM #12
- Join Date
- Jun 2015
- Posts
- 3,318
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09-01-2017, 02:20 PM #13
- Join Date
- Jan 2016
- Posts
- 435
They cut me off after one bounced payment from one merchant. Averaged a deal a week with them for about 2 years, no prior issues.
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09-01-2017, 04:40 PM #14
- Join Date
- Apr 2017
- Location
- Dallas
- Posts
- 183
I have done my share. Since starting my own company in March I have done six deals which is not a whole lot but I have had some good deals with them that those deals were generated from a an account manager from a brick and mortar bank that was referral and all California deals..... I do not stack my own deals and I dont charge any fees after it funds either
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10-25-2017, 11:29 AM #15
- Join Date
- Nov 2015
- Posts
- 5
Do you require collateral?
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10-25-2017, 11:38 AM #16
Do you blame them. Massive man hours to pay for underwriters and the brokers are not understanding the product, underwriting guidelines or the benefit of having funding circle in your arsenal to outsource.
Cut the fat off the steak. Save on paying all the man hours to underwriters, processors, scrubbers, and etc etc.
Brokers need to stop playing:
Disclaimer
This message brought to you by:
CraaaCraaa Radio ®
http://debanked.com/merchant-cash-ad...nce-directory/
World of MCA
E.V.P Business Development
___________________________
"Success is a lousy teacher. It seduces smart people into thinking they can't lose."
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10-30-2017, 11:43 AM #17
We are signed up with FC and Can.
www.globelend.com
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10-30-2017, 01:42 PM #18
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