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  1. #1
    Karen37a
    Guest
    He wants a second.

    if it was so easy to say ...hey I got this guy he makes 100k a month owes 130k term loan
    He wants a second and a thrid any takers? min 5 years 9 %

    We would all be billionaires

    That application is going to go into a dump file to call it in 6-12 months

  2. #2
    Banned Reputation points: 179851
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    Quote Originally Posted by Karen37a View Post
    He wants a second.

    if it was so easy to say ...hey I got this guy he makes 100k a month owes 130k term loan
    He wants a second and a thrid any takers? min 5 years 9 %

    We would all be billionaires

    That application is going to go into a dump file to call it in 6-12 months
    Ive seen a guy with 3 term loans. Its possible.

  3. #3
    Karen37a
    Guest
    Quote Originally Posted by ryan $ View Post
    Ive seen a guy with 3 term loans. Its possible.

    And I've seen people post that someone stacked or double funded 6-9 advances and loans in a 2 day period. Anything is possible.

    I've also seen some A paper companies fold.

    The hardest part of this business is to manage the client's expectations and the brokers on your team. I do not even want those files....I have the yellow pages

  4. #4
    Banned Reputation points: 179851
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    Quote Originally Posted by Karen37a View Post
    And I've seen people post that someone stacked or double funded 6-9 advances and loans in a 2 day period. Anything is possible.

    I've also seen some A paper companies fold.

    The hardest part of this business is to manage the client's expectations and the brokers on your team. I do not even want those files....I have the yellow pages
    I dont see why. Last month I funded 3 Positions on one deal. In 2 Days.

    If the Merchant Can Afford it, and there is No Anti Stacking anywhere. I dont see why you wouldn't want those files.

    1st Position Lenders will go out longer terms but wont give the dollar amount needed, hence 2nd and third.

    I dont want businesses that will take multiple advances..... you dont like money? All the lenders knew what was happening, no shady business. It is the business we are in.

    I understand you came from a crazy 1st position lender that prob clouded your view. but still....

  5. #5
    Karen37a
    Guest
    Quote Originally Posted by ryan $ View Post
    I dont see why. Last month I funded 3 Positions on one deal. In 2 Days.

    If the Merchant Can Afford it, and there is No Anti Stacking anywhere. I dont see why you wouldn't want those files.

    1st Position Lenders will go out longer terms but wont give the dollar amount needed, hence 2nd and third.

    I dont want businesses that will take multiple advances..... you dont like money? All the lenders knew what was happening, no shady business. It is the business we are in.

    I understand you came from a crazy 1st position lender that prob clouded your view. but still....

    No I do not need money that bad.

    I pull people into the first position and then renew or do add ons. To each their own


    ps the original crazy finance guys were boiler rooms...there was a reason I walked out

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