Results 1 to 25 of 38
Hybrid View
-
02-13-2016, 08:16 PM #1
- Join Date
- Jun 2015
- Posts
- 3,314
18 I believe I saw the record . I funded the merchant two years ago a first or so I believed . The merchant made a couple of tax id and is taking out cash from one depositing in the other and so forth for 6 different business\ bank accounts (can't produce tax returns for 5 of them because they don't really exist ) he is taking the whole industry for a ride . Only now a second position lender connected it all and saw the ucc and filled a ucc on all 6 and everything went to hell for the merchant . Because now no one will renew in till they understand the ucc .
Disclaimer I said 18 to have the higher number but 3 are with on deck
Similar Threads
-
12 month 2nd positions
By Steve B in forum Merchant Cash AdvanceReplies: 6Last Post: 05-13-2015, 02:11 PM -
What are the best lenders for 2nd, 3rd, etc. positions?
By Quickfunder in forum Merchant Cash AdvanceReplies: 24Last Post: 05-07-2015, 03:58 PM -
Looking to consolidate 4 positions
By AlexSMF in forum Merchant Cash AdvanceReplies: 0Last Post: 04-15-2015, 04:16 PM -
weekly 2nd positions
By alibaba in forum Business LoansReplies: 4Last Post: 01-08-2015, 08:09 PM -
Who Does 2nd & 3rd Positions?
By YuliyaG in forum Merchant Cash AdvanceReplies: 1Last Post: 10-20-2014, 11:34 AM