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03-07-2018, 08:28 AM #1
- Join Date
- Jun 2014
- Posts
- 38
If you folks read the post you would know that the group of clients that fit this mold represent only a small minority of MCA clients.
1. They need to be over 4 years in business
2. They need to be judgment free on paper, and any tax liens must be reasonably sized and in payment plans
3. They must see the benefit of paying back (before any tax write-offs) 2 .25 to 2.5 times what they get in cash upfront, spread out over either 3 or 5 years in monthly payments.
4. They must be stacked enough where taking another advance would be crippling or their bank statements will not support anything but maybe 5K or 10K which just wouldn't make sense for the client at that point (or their bank statements have too many NSF's)
5. They need to have good standing business credit on D & B (Dun and Bradstreet) for those who do not know what that means.
Ask yourself geniuses; who wants your overstacked MCA clients with too many NSF's for what? LOL
In our ISO Agreement it even states that your clients belong to you and that we cannot solicit them for anything other than this one product.
But hey, its all bull**** anyway, right?
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