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08-28-2018, 04:32 PM #1
Reputation points: 1137
- Join Date
- Jun 2016
- Location
- Brooklyn
- Posts
- 54
Looking for new factor for merchant
My merchant currently has 5 positions totaling about 900K. He has a factor in place but is willing to switch to a new factor if lump sum payment to pay off cash advances is available. Is this possible? He does roughly 1.4-1.7 per month in revenue. HE is paying .15 with current factor but is willing to pay a bit more in order to get from under the cash advances.
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