[ADiamond]

why am I seeing new logic taking a 4th position on Oct 30th at 100% of monthly gross?

this makes absolutely no sense.

just when you think you've seen it all in this industry....

[MadisonParker]

why am I seeing new logic taking a 4th position on Oct 30th at 100% of monthly gross?

this makes absolutely no sense.

just when you think you've seen it all in this industry....

hey man, hope you've been doing well. been a while since we spoke.
we are working with them again now that they're back up and running
i forgot the specific rule, but certain deals they still don't require MTD

they didn't learn ....

[ADiamond]

hey man, hope you've been doing well. been a while since we spoke.
we are working with them again now that they're back up and running
i forgot the specific rule, but certain deals they still don't require MTD

they didn't learn ....

Hey yea man PM me if you want...

Sounds crazy if that's still their rule... You would think they'd want to see SFS giving the merchant $150k, then the merchant double funding with Fundworks & Forward a week later, before giving them $90k all in the same month and now taking 49% of revenue toward mca debt combined.

What is their rule for not needing to check the current month's bank in final underwriting, anyone?

Clearly the ISO's are taking advantage of this - that's quite a selling point LOL if you think about it... hey take this 150k weekly deal, then these other 1.499 5-6 month deals, and because you're such a great merchant then I am going to be able to get you 1.25 14 month deal to top it all off.

So backwards it just makes zero sense.

[MadisonParker]

haha it depends on what tier it gets scored, if it's scored high enough. no need for mtd

[johndough17]

They check for uccs and don't login.

haha it depends on what tier it gets scored, if it's scored high enough. no need for mtd