Results 1 to 18 of 18
Hybrid View
-
04-29-2020, 10:50 PM #1
- Join Date
- Apr 2020
- Posts
- 191
wouldn't a court look at the contract as a loan since it is secured by real estate? isn't that the reason that you funders can charge what you charge as far as factor rates? Because there is no collateral other than the accounts receivables of a specific Merchant. Sounds like there may be some issues here Rick, did you check with an attorney? If you can verify that it is legal, I have a couple of clients for you.
-
04-29-2020, 11:11 PM #2
We can absolutely verify it is legal and no difference over a personal guarantee. I have no problem doing so and can go further and provide you with the memorandum.
There are no gray areas here. The very first line in any funding agreement shows " This is not a loan" the same way it shows in any merchant cash advance. I will have council send that over to you if you so desire. Before you would introduce my services to any of your clients I would want you to be confident and comfortable with the product we sell here. I am not new to this and have to also mention I stand on a integrity before we can go make money standpoint here.Metromedia Funding Solutions LLC
55 Monument Circle Suite 745*
Indianapolis Indiana 46204
317-649-0110*
https://www.metromediafunding.com/
Like us on Facebook!https://www.facebook.com/mpmetromedia/
Rick@metromediafunding.com
Your friends in funding.
-
04-30-2020, 09:58 AM #3
- Join Date
- Apr 2020
- Posts
- 191
Thanks Rick, I am not questioning your integrity, I am questioning the legality of your product. I will be reaching out to you for this info. However, I would like to point out that judges have ruled certain contracts to be loans even when the contract said it's not a loan. I am afraid Real Estate Collateral may be a determining factor in this case. I would be curious to hear more about your research on this.
-
04-30-2020, 10:08 AM #4
- Join Date
- Feb 2017
- Posts
- 3,411
Similar Threads
-
Funders Similar To Mantis (High Risk)
By FUND3R1 in forum Merchant Cash AdvanceReplies: 20Last Post: 11-08-2021, 05:59 PM -
Really High Risk Funders that will do Almost Anything?
By Kash in forum Merchant Cash AdvanceReplies: 20Last Post: 02-08-2020, 10:13 PM -
High risk Funders!
By patrickw in forum Merchant Cash AdvanceReplies: 17Last Post: 05-23-2019, 10:22 AM -
Best High Risk Funders????
By DL8 in forum Merchant Cash AdvanceReplies: 12Last Post: 08-08-2014, 04:25 PM