Do not work here. You will be unhappy and not paid well. - werkgeversreview Senior Account Manager bij Merchant Refi

1,0
30 jan 2018
Aanbevelen
Goedkeuring directeur
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Pluspunten

Management is friendly, but their outlook on the business and the real world is skewed.

Minpunten

Company is a scam in every sense of the word. First, there is no integrity as the business feeds off failing business owners. It's essentially giving a business a pile of cash and making them pay it back in 6 - 18 months at 40% interest. There are a few better programs, but rarely a business is approved and the business doesn't make much money off it so the commission on the deal is slim anyway. Second, the owner Jack makes false promises and takes advantage of his employees. Pay is hourly (absurd for the type of the job it is which should 100% be salary), and they will try to pay you for less hours for excessive breaks. They expect you to cold call 7 hours plus a day like it's slave labor.Third, all the commission is paid out 1099 so you end up owing thousands to the IRS at the end of the year. Location is awful. There is nowhere to eat lunch.

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Reactie van Merchant Refi
7y
This individual only worked here for 8 months who clearly understood what the job description entailed and was pretty successful at it for the first 6 months as a former contractor by choice. Before he even started, the position and the mission statement of the company was clearly stated to him. We are sorry that he had a negative experience, but the owner did specifically spend a lot of time trying to appease him and create alternative commission structures. The truth is that we have helped tens of thousands of business owners all across the country. Our rates are as low as 5% over 10 years and it depends on how they qualify in underwriting. Many of our clients who don't qualify for traditional SBA loans are very happy that we can get them approved for the next best program. All the comments about pay structure are categorically false. We have people making good money with our current compensation plan and are very happy. Unfortunately, this is a sales job and not a good fit for people who are just looking to get paid to not work and who are more interested in what they are eating for lunch than hitting their quota.

Ontdek andere reviews over Merchant Refi

5,0
2 okt 2019
Aanbevelen
Goedkeuring directeur
Zakelijk vooruitzicht

Pluspunten

No cap on commissions and that's on top of the salary! Receive my direct deposit every week like clockwork, never an issue I never worked at a company where the owner was so accessible and really goes far and beyond Good environment

Minpunten

No cons, i mean it's a job...

1,0
25 mrt 2024
Aanbevelen
Goedkeuring directeur
Zakelijk vooruitzicht

Pluspunten

none. just cheap pizza on fridays

Minpunten

lack of growth, and passive aggressive management

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