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  1. #11
    Senior Member Reputation points: 306908
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    Quote Originally Posted by pcfunder View Post

    Also whats the justification in giving someone $50,000 and having them pay back $75,000 over 6 months with 5% fee's so the merchant doesn't even net the full 50k... Does that also somehow feel moral and normal to do to other people who are living in this same world we all share under god? If I was an investor and I had millions and millions to play with, I'm not too sure that I would look at cash advance as a game to get into. Technically I could get into selling cocaine and that would make me some INSANE profit as well but where does the line from whats morally right and wrong start and end?
    Flip side is dont give them anything and now what ? where does that end? On my birthday my phone blows up from merchants calling me that love me. some i funded 5 years ago and never since but still love how it saved the business that one time he needed money asap. My job as a broker is to get the merchant the best possible deal that is out there for them , whether that is a sba loan or 3 month 1.5 . spell out all fees and let them think about it and let them make there own decision
    Last edited by Michael I; 07-17-2020 at 10:13 AM.

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