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01-19-2017, 10:43 AM #1
- Join Date
- Nov 2014
- Posts
- 76
Who will do MCA via split or lockbox for merchants with excessive negative bal days
I am working on 2 files where the situation is pretty much the same.
Merchants with high credit card sales but they have excessive negative balance days per month and lots of NSF's.
Will any MCA-focused funders provide a credit card advance via split or lockbox when merchant has over 10 negative balance days per month? My typical partners are declining because of the negative days and NSFs. I understand their position but seems like if you could set up a split or lockbox, then there is some protection against the payments not being made.
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