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  1. #1
    Senior Member Reputation points: 227860
    Join Date
    Feb 2017
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    3,428

    Quote Originally Posted by FCF Fund View Post
    Reverses are non existent toss that merchant to the side they are overleveraged anyway. For LOC Bluevine and I beleive Fundbox suspended operations for LOC.

    Bluevine stopped accepting new LOC applications yesterday at 5:30pm, but they're still factoring (albeit they are more expensive than most factors, but they are still accepting new applications...)

    Find out if the client has any collateral, real estate, equipment, AR....

  2. #2
    am sure he does he has two business TV producers over 900K monthly and sale property in FL want 350K LOC just in case! things get worse which they will!

  3. #3
    Senior Member Reputation points: 23085
    Join Date
    Nov 2013
    Posts
    598

    Quote Originally Posted by Valparaiso16 View Post
    am sure he does he has two business TV producers over 900K monthly and sale property in FL want 350K LOC just in case! things get worse which they will!
    Respectfully, manage your merchant expectations. Cheap money is not fast, and fast money isnt cheap, cant have it both ways so try to make sure hes somewhere in the middle contingent on his needs.

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