[LoanFunder]

WBL definitely has their niche. Obviously you wouldn't send every deal there but where else would you send someone with 3 advances and negative days on the banks for a consolidation?

[jotucker1983]

WBL definitely has their niche. Obviously you wouldn't send every deal there but where else would you send someone with 3 advances and negative days on the banks for a consolidation?

I would rather send them to my decline/on hold pile to be honest. They already stacked 3 times and it's causing their cashflow to be horrible now, so to solve their "problem", I'm going to put them into a product with let's say a 1.65 factor over 12 months, with the guy's house on the line if the business fails and he can't make payments?

I wouldn't do it. I obviously know that many in our industry indeed recommend these programs, but I wouldn't. I would tell the merchant to pay off the 3 advances, then wait about 1 - 2 months for the cashflow to get back stable (low NSFs), then I'll resubmit him for a full approval.