Quote Originally Posted by funding pro View Post
I read it that he meant $500k annually, but I could be wrong. Still merchant could qualify for more assuming good banks, TIB and quality of the credit report.
If it is $500,000 annually, then it is a decent offer, could be a couple of points less and I hope for the Merchant's sake that isn't a buyrate. Certainly doable if the $500,000 is his annual revenue. Anyone who gets about 50% of their monthly gross for a manageable amount has a legitimate offer on the table.