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07-06-2018, 07:55 PM #1
- Join Date
- Feb 2014
- Posts
- 79
You sound like a very uneducated person, just by your language. With a Low IQ too. I dont know what a corporate turn around is as far as MCAs. Are you talking about a loan modification/consolidation? I am totally against those because once done, it places the merchant on a list where they can never get another funding. And in my opinion those deals are rip-offs. THIS IS 100 % NOT THAT. But youre too stupid too figure that out. In fact, I just did a term loan this past week for one of my merchants. Got merchant $550,000/ 7 Year TERM LOAN @6.99% APR 30 yr amortization against a piece of property he owned. He paid off his 2 MCAS with that. How difficult is that to understand? I do these type loans all the time. At least, the merchant can live with the payments.
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