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12-23-2020, 12:45 PM #2
Reputation points: 23085
- Join Date
- Nov 2013
- Posts
- 598
If your clients personal credit is weak (<640), or has poor business credit (<80 Paydex) and shows a loss on their financial statements or barely enough profit to handle a long term loan then give them a reality slap in the face. They don't qualify.
Sell them a MCA with an exit strategy to longer term financing once they improve the above conditions and help them do it.
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