Floor Rate? - Page 2
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  1. #26
    Senior Member Reputation points: 1322
    Join Date
    Jun 2014
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    195

    Snap Advances also has great rates and term for the higher quality merchants

  2. #27
    Banned Reputation points: 4530
    Join Date
    Mar 2014
    Location
    Ann Arbor, Michigan
    Posts
    1,289

    Advance Credit Funding
    734-929-3800

  3. #28
    Senior Member Reputation points: 4807
    Join Date
    Sep 2012
    Posts
    199

    It's simple.

    Low rates spike volume and that keeps more money moving out the door so the portfolio's value stays in front of defaults. Lose on the individual sale and make up for it with volume. I think it's taught somewhere.

  4. #29
    When we started the company 7 years ago we were doing unsecured LOC up to $100K. We generated a $300 mil portfolio without collecting a single document and still here to talk about it. Some good lumps but lot's of learnings!

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