Stacking a merchant to get them the money they're looking for
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  1. 05-24-2019, 10:20 AM #1
    Mynameisbob
    Mynameisbob is offline
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    Stacking a merchant to get them the money they are looking for

    I'd like to know how the community feels on this topic.

    I have a Merchant that needs 800K to purchase a new business. Wants to take out as many MCAS as he can in order to get to 800K

    He has multiple companies but only wants to use one company that's doing around 250-350K a month and keeps great balances

    So far I have 2 approvals below:

    Lender A approved for 430K 1st

    Lender B Approved for 175K 2nd

    Is this ethical on my part to stack him up? The guy has 5 other businesses and has over a 10M net worth and is more than capable of paying it back.
    Last edited by Mynameisbob; 05-26-2019 at 01:07 PM.
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