[Finance1]

there are actually a few good funders out there still offering the option of either or. Of course a funder will qualify a merchant faster if they take the renewal but I do know some sensible funders still offering it. Some funders like an ODC for instance can't offer a re-up as they do not have the margins to do so.

Isn't an add on the same margin as the original deal though? I suppose OD needs to jack up returns on the existing book to keep defaults in line. They are thin compared to most.