[skideeppow]

Got banks and cc statements from this merchant. I check the banks and see he got around $105k from CAN. 1.41 factor rate.
Here is the interesting part.
Ave gross deposits 60k
Ave cc deposits 25k
They are taking a 32-35% split.
Looks like an 18 month turn, at a 1.41.
Ave days overdrawn ove the course of 4 months, 15.

How does CAN fund someone like this, 2x their ave bank deposits?

Seems like a crazy deal.

Any thoughts?

[channin19]

Maybe being proactive against second position?

[GRP Funding]

The merchant's tax return probably shows a higher gross sales number than the bank statements you have. Do they have another location or another bank account?

[Zach]

CAN makes all kind of interesting mistakes. I've seen them stack deals on accident, fund non-profits.... The "800 pound gorilla" comes across so many deals it seems natural that they fund deals that were not meant to be funded.

[WhoisKingsley]

Sometimes it's about who you know. Maybe someone put $$$ into it.

[samkota]

@amanda agreed