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  1. #1
    Senior Member Reputation points: 11927 FUND3R1's Avatar
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    Aug 2017
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    SOS Not Active

    Will anyone fund a deal if the SOS is not active but merchant does good monthly numbers?
    FUND3R1

    "Everyday is a bank account, and time is our currency. No one is rich, no one is poor, we've got 24 hours each. --Christopher Rice"

  2. #2
    Senior Member Reputation points: 31326
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    sure, but my first question on funding call would be why dont you activate your sos?

  3. #3
    Senior Member Reputation points: 4118
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    Shouldn't cost much to activate your sos.....
    Clark Sica
    Business Development Manager
    Lending Valley, Inc.
    Office Line: 347-478-5161
    Mobile Line:347-536-0528
    Fax: 1-888-850-1971
    www.LendingValley.com

  4. #4
    Senior Member Reputation points: 216519
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    The only thing I can think of is that the SOS is claiming it takes 7 business days to get the extra $100-$200 same day fee when in fact it's all done on the same day. And the merchant needs the money yesterday. Just pay the fee!

  5. #5
    Senior Member Reputation points: 9645
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    That's a huge red flag imo if they're operating as inactive. Doesn't take much to reactivate. We require it on all deals.

  6. #6
    Senior Member Reputation points: 301165
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    Quote Originally Posted by abfunders View Post
    The only thing I can think of is that the SOS is claiming it takes 7 business days to get the extra $100-$200 same day fee when in fact it's all done on the same day. And the merchant needs the money yesterday. Just pay the fee!
    most funders will be ok with the receipt. Usually it means they are behind on taxes

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