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  1. #1
    Senior Member Reputation points: 2995
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    Who has a net requirement under 50% when paying off an existing balance

    Which first position lenders pay off another first position and require the merchant to net either nothing or under 50%
    IOU has a zero net rule and National requires the merchant to net 80%

    Which companies have a rule like IOU?

  2. #2
    Senior Member Reputation points: 24019 Zach's Avatar
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    Quarterspot does 20% net, Fundworks does 0% net, Expansion is flexible as well
    Zachary Ramirez – CEO
    Phone: 714-516-8110
    Email: zramirez@usacapitalco.com
    www.uscap.co

    1661 N. Raymond Ave #265
    Anaheim CA 92801

  3. #3
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    Principis will do it as long as the merchant nets 30%.

  4. #4
    Veteran Reputation points: 101710 Chambo's Avatar
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    Quote Originally Posted by Zach View Post
    Quarterspot does 20% net, Fundworks does 0% net, Expansion is flexible as well
    Expansion pays people off?

  5. #5
    Senior Member Reputation points: 24019 Zach's Avatar
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    Quote Originally Posted by Chambo View Post
    Expansion pays people off?
    They just did a beautiful $300K deal for me last month paying off a $160K balance
    Last edited by Zach; 05-22-2019 at 05:28 PM. Reason: corrected $ amount
    Zachary Ramirez – CEO
    Phone: 714-516-8110
    Email: zramirez@usacapitalco.com
    www.uscap.co

    1661 N. Raymond Ave #265
    Anaheim CA 92801

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