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07-09-2021, 02:08 PM #1
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- Feb 2019
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07-12-2021, 09:01 PM #2
Reputation points: 10
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- Jun 2021
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I had a chance to check with my team on this - I stand corrected.
Currently, we allow for deals to be tagged as a portal submission, but it will not actually fill out the fields of the portal for you using the data in the CRM. You would have to go into the funder's portal and manually input the data and submit the deal. The tagging in the system is simply for tracking purposes.
Thanks for catching this.
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Chris Conner
Fundingo.com
chris.conner@fundingo.com | (818) 574-8042
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07-17-2021, 12:17 PM #3
Reputation points: 10
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- May 2021
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- 45
Mistamca, you are very thorough with your understanding. Question for you - you added the date funded for other loans on your MCA application, right. I added 3 slots on our web app for bank balances.
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07-19-2021, 08:01 PM #4
Reputation points: 28835
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- Feb 2019
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There is a spot on our app for funding dates but I have always found it inaccurate because of the merchant. I normally take the payment & balance & assume the buy rate to figure out the term per position. This only matters if consolidation is an option. (I don't mess with reverses)
At the end of the day, all that matters is the withholding amount. Everything else is pointless if they cannot afford an advance.