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04-14-2020, 09:54 AM #13
Reputation points: 769
- Join Date
- Apr 2020
- Location
- Broomall, PA
- Posts
- 123
The initial term is typically 12 month term and 24-month amortization. We also do a 24-month term on a 36-month amortization. We unwind toxic merchant cash advances and actually help businesses survive and then thrive. We don't charge effective APR of 60% up to 100%+ like MCA companies do hidden under the disguise of "factoring" when they are really just lending.
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