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04-02-2020, 07:32 PM #1
- Join Date
- Aug 2016
- Posts
- 486
There is some great info and perspectives in this thread. Much appreciated!
I wonder why there are not more merchants here on this forum learning about all these various things. A google search brought me here years ago when I 1st was trying to understand what a cash advance was and how it works, after my credit card processor told me I had been "Pre-Qualified" for a unsecured working capital advance.
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04-02-2020, 07:44 PM #2
- Join Date
- Apr 2014
- Posts
- 781
Its 2.5 times the average monthly payroll is loan amount. My initial info was no credit score was being used. Key part is 2.5x the employee payroll...most loan amounts will be 50k or less i think.
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04-02-2020, 08:20 PM #3
- Join Date
- Apr 2015
- Location
- Louisiana
- Posts
- 299
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04-02-2020, 09:09 PM #4
- Join Date
- Oct 2016
- Posts
- 4,318
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