[patrickw]

As the title says who can fund with 33.33% ownership. Business 3 owner equally own 33.33%

[ABC2016]

As the title says who can fund with 33.33% ownership. Business 3 owner equally own 33.33%

I can help. Give some details please.

[Jstarr]

Well, it all depends on the operating agreement, thats what dictates who has financial authority and what role each owner has, Ive done deals where someone had 10% ownership but they had full control of all financial aspects, owner B & C didn't have input, nor were they liable for anything including taxes.

Most lenders go by the sec of state, for example, I can open a company for SWIFT, and just because im listed on the articles doesn't mean I have any involvement in the company, thats why its important to have the operating agreement.

[fundingsmbs]

you really want to have 51% on contracts if recourse needs to occur.

[RevivingDeadPresidents]

CAN does like 5 % min

[Lmonus]

Did one like this last week - hope its not the same deal. Reach out if you are interested in giving us a shot.

[patrickw]

Did one like this last week - hope its not the same deal. Reach out if you are interested in giving us a shot.

I will send you an email shortly.

[fundingsmbs]

CAN does like 5 % min

they also pay 5% flat on renewals, 30 DAYS LATER and have a 90 day clawback. But yes, 5% or greater

[Advance Smart]

they also pay 5% flat on renewals, 30 DAYS LATER and have a 90 day clawback. But yes, 5% or greater

It's 30 days on clawbacks there now. CAN would be a good spot for that in my opinion.

[fundingsmbs]

^ and the 5% on renewals paid out 30 days after funding? That's brutal. both the amount and frequency for a sales office. if you sold a sell rate with 12 points, to drop to 5 on renewals is a massive beating on future cash flow, unless you plan on flipping deal or stacking them

[RevivingDeadPresidents]

^ and the 5% on renewals paid out 30 days after funding? That's brutal. both the amount and frequency for a sales office. if you sold a sell rate with 12 points, to drop to 5 on renewals is a massive beating on future cash flow, unless you plan on flipping deal or stacking them

To be honest. If he is limited to 33% what other options can there be? fund it. Be happy. move on.
No?

[fundingsmbs]

^ I will concur if its the ONLY option, than go for it. The ISO will need to enroll though first and do a background check. They can't just submit the deal. Also, keep in mind, they have performance quotas to so if its the only deal you plan on sending there, don't get upset if you get cutoff for lack of deals.

[Sachip24]

if they are in one of the 23 LoanMe states they can do it. go down to 25%. but just if merchant is in one of their states is the issue i always run into