Main St Cash...any info/reviews?
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  1. #1
    Senior Member Reputation points: 19243
    Join Date
    Jan 2020
    Location
    New York, NY
    Posts
    102

    Quote Originally Posted by FHFunding View Post
    Did a deal with them on 3/10 - 5 days later, no commission - was then told to invoice for commission - invoiced - was told 'ok, paying out today' - 3 days later, nothing - was than told 'due to current global conditions, we are waiting for merchant to be 20% paid in (it was a 30 day deal and was already 24% paid in) - now, nothing. Just spoke to Joe and hoping he does the right thing. I will update when I hear back from him.
    Was told 'a relationship is a two way street and no funder is paying commissions out right now'. Well, now I pause the merchants payments.

  2. #2
    Senior Member Reputation points: 503040
    Join Date
    Oct 2016
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    4,318

    Quote Originally Posted by FHFunding View Post
    Was told 'a relationship is a two way street and no funder is paying commissions out right now'. Well, now I pause the merchants payments.
    Wow, is Main Street still funding? A broker would have to be a fool to send them anything both now and in the future.

    Hey, Joe, do the right thing and stick to what your broker agreement entails. The broker brought you the deal, and the merchant is still paying. Pay the man.

  3. #3
    Quote Originally Posted by WestCoastFunding View Post
    Wow, is Main Street still funding? A broker would have to be a fool to send them anything both now and in the future.

    Hey, Joe, do the right thing and stick to what your broker agreement entails. The broker brought you the deal, and the merchant is still paying. Pay the man.
    Agreed here

  4. #4
    Quote Originally Posted by FHFunding View Post
    Was told 'a relationship is a two way street and no funder is paying commissions out right now'. Well, now I pause the merchants payments.
    I am not getting into whether MainSt screwed you or not.

    However, having worked with 3 funders since December, your name has come up for being a broker who doesn't "do the right thing" for those funding your deals.

    Emails circulated amongst these funders that were obtained from your merchants.

    One deal in question, being 40 days, you write to the merchant bas follows:

    Subject: Re: the plan for the next 20 days...
    &
    right now it's at $1000 a week, but I will be negotiating that down for you.

    Michael, do you close the majority of your deals by promising them all they have to do is make only half the required payments??

  5. #5
    Senior Member Reputation points: 57713
    Join Date
    Dec 2017
    Posts
    397

    Quote Originally Posted by iawia_advanced View Post
    I am not getting into whether MainSt screwed you or not.

    However, having worked with 3 funders since December, your name has come up for being a broker who doesn't "do the right thing" for those funding your deals.

    Emails circulated amongst these funders that were obtained from your merchants.

    One deal in question, being 40 days, you write to the merchant bas follows:

    Subject: Re: the plan for the next 20 days...
    &
    right now it's at $1000 a week, but I will be negotiating that down for you.

    Michael, do you close the majority of your deals by promising them all they have to do is make only half the required payments??


    WHAT A BLOOD BATH NOBODY WINS IN THESE PUBLIC DISPUTES DON'T DO IT CONTROL YOUR EMOTIONS

    PROTECT YOUR REPUTATION

    IT'S WORTH MORE THAN THE COMMISSION YOUR CHASING

    "It takes 20 years to build a reputation and five minutes to ruin it." WB

  6. #6
    Quote Originally Posted by Don Dolla View Post
    WHAT A BLOOD BATH NOBODY WINS IN THESE PUBLIC DISPUTES DON'T DO IT CONTROL YOUR EMOTIONS

    PROTECT YOUR REPUTATION

    IT'S WORTH MORE THAN THE COMMISSION YOUR CHASING

    "It takes 20 years to build a reputation and five minutes to ruin it." WB
    well said, we do a good job and Have many relationships established by DF.
    Joseph Cerullo
    Main Street Cash
    360 Motor Parkway, Suite 200B
    Hauppauge, NY 11788
    631-791-9626
    jcerullo@mainstreetcash.com

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