I just received this "counter" from a merchant my rep is competing on. The sales rep sent the client this proposal, which smokes ours:



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I am going with another company. Below is what they offered to me. I am only taking $100,000 from them which will be at the factor of 1.24.
OPTIONS:
Funded Amount Payback Factor Rate Payment Amount TERM
$190,000.00 $235,600.00 1.24 $1,682/day 7 month term (140 daily payments M-F, excluding holidays)
$190,000.00 $241,300.00 1.27 $1,508/day 8 month term (160 daily payments M-F, excluding holidays)
$190,000.00 $243,200.00 1.28 $1,343/day 9 month term (180 daily payments M-F, excluding holidays)
$190,000.00 $247,000.00 1.30 $1,235/day 10 month term (200 daily payments M-F, excluding holidays)
$190,000.00 $250,800.00 1.32 $1,140/day 11 month term (220 daily payments M-F, excluding holidays)

DEAL BENEFITS:

• Strong early prepay
• Add-ons available within 60 days after funding, renewal at 40%
• Interest is forgiven at renewal (the unpaid interest), as long as you have stellar payment history
• Won't affect personal credit. This will build business credit though since it is an advance
• 3 hour funding time, no COJ needs to be notarized
Processing fee including the closing costs is $999 for any of these options.