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11-20-2017, 10:48 AM #1Karen37aGuest
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
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11-20-2017, 10:53 AM #2
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11-20-2017, 10:56 AM #3Karen37aGuest
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
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11-20-2017, 11:08 AM #4
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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....
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11-20-2017, 11:12 AM #5Karen37aGuest
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