[sigmundpannu]

Who funds in this industry? Merchant lends his own money. ADB in operating account only $2,176, but he transfers from his LOAN account into OP acct just for bill paying. Loan Acct ADB $36K. Deposits $55k. Four years TIB. >650 Score.

[mishatbb]

Out of curiosity, how would taking this generally high factor financing bring ROI to this merchant? That's the (main) reason they are a restricted industry for us, because the few I've looked into years ago said use of funds was "working capital" which didn't make sense given the industry.

[sigmundpannu]

The use of funds is to implement a new computer system. There are lenders in his space that lend to finance companies but they require substantial collateral and he doesn't want to collateralize any of his personal assets.

[mishatbb]

The use of funds is to implement a new computer system. There are lenders in his space that lend to finance companies but they require substantial collateral and he doesn't want to collateralize any of his personal assets.

Makes sense. Was wondering if it was just an extra expense like that.

[nrh1lp]

Only place I can think of that would seriously entertain this because of industry is Loanme, time to pray he is in the right state or this one is dead in the water

[sigmundpannu]

It is in a LoanMe state, was just looking for a different option. Thanks