Results 1 to 6 of 6
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09-16-2020, 10:45 AM #1
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"
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09-16-2020, 11:02 AM #2
- Join Date
- Apr 2018
- Posts
- 178
sure, but my first question on funding call would be why dont you activate your sos?
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09-16-2020, 11:26 AM #3
- Join Date
- Jan 2020
- Location
- Brooklyn, New York
- Posts
- 123
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
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09-16-2020, 12:24 PM #4
- Join Date
- Feb 2017
- Posts
- 3,347
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!
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09-16-2020, 02:41 PM #5
- Join Date
- Jun 2015
- Location
- Gainesville, FL
- Posts
- 190
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.
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09-16-2020, 02:43 PM #6
- Join Date
- Jun 2015
- Posts
- 3,312
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