[Andy]

I think that we need more funders that will consolidate. The problem now is that most companies will not touch a merchant with more than one advance except to stack on top.
In my experience, we come across merchants with 2 or 3 positions who realize it was a bad idea, they cant support the strain on their cash flow, they want out! But no one will pay off the balances and consolidate even if the merchant nets 50% after all balances are paid, all we can do is stack another position on top, which is just a bandaid, borrowing from pete to pay paul, instead of fixing the problem.

[Chambo]

I think that we need more funders that will consolidate. The problem now is that most companies will not touch a merchant with more than one advance except to stack on top.
In my experience, we come across merchants with 2 or 3 positions who realize it was a bad idea, they cant support the strain on their cash flow, they want out! But no one will pay off the balances and consolidate even if the merchant nets 50% after all balances are paid, all we can do is stack another position on top, which is just a bandaid, borrowing from pete to pay paul, instead of fixing the problem.

They won't (and shouldn't) because the merchant has shown a proclivity for stacking. Consolidate them? three months later they are back at it