[Lmonus]

What about a 50 day deal (CFG does that a lot) is that an honest deal that helps the borrower?

If the merchant can turn that money around 3x over in 50 days, yes it helps (Although im not a fan of them). The only reason we are giving that deal in the first place is to help get the crap out of the account and hopefully gain a more proper file out of it in the future. Also, we arent raising the factor rates due to that, the factor rate is the same weather its a 1st or 5th position. We are about retention, not the whole one and done stuff.

Your comparing a 50 day deal to a 10 day deal, these are two different worlds. the 50-60 day is probably as low as the term will ever get, and theres only 1 funder here who gives those out. Believe me, those terms are not common here, but do happen. None the less, its not a Default Merchant we are funding. They shouldn't get priced in the first place.

Whats next, are you going to tell me a 120 day deal is bad because theres an 18 month term a merchant can qualify for too? Come on.