[MCNetwork]

You're right Micah. I can't compete with AMEX or Paypal on a rate basis. But if a merchant really needs $150K but AMEX is only offering $20,000 and I have a cash advance offer for $100,000, then I'll have the inside track. It's all about the situation.

[Karen37a]

You're right Micah. I can't compete with AMEX or Paypal on a rate basis. But if a merchant really needs $150K but AMEX is only offering $20,000 and I have a cash advance offer for $100,000, then I'll have the inside track. It's all about the situation.

yep

and thats why some "loans" never default...and the merchant pulls out to never need them anymore and salvation

"A Rolling Loan never gathers any loss"

Not some of our first rodeos

[abfunders]

You're right Micah. I can't compete with AMEX or Paypal on a rate basis. But if a merchant really needs $150K but AMEX is only offering $20,000 and I have a cash advance offer for $100,000, then I'll have the inside track. It's all about the situation.

Yes Archie, now that's very true. I have a $75,000 offer for a merchant as we speak, and he only wants $40,000. Amex is offering him more than $40,000, also. Amex wins.

So therefore, I turn to Lines of Credit to give him options that won't give him the full $40,000 now, but it's a LOC and no prepayment penalty, that's also a leg up and another relationship. Because I'm not working for him, and I'm not looking out for his best interest, I can maneuver easier.