[Ifunddaily]

Since covid most funders who use to payoff other funders have stopped due to obvious reasons. Does anyone still do it?

[TheUnderwritingProdigy]

Greenbox is supposed to be paying me off today. McKenzie has paid me off a few times.

[moneygreen]

Greenbox is supposed to be paying me off today. McKenzie has paid me off a few times.

How much were the balances?

[miarobison]

Since covid most funders who use to payoff other funders have stopped due to obvious reasons. Does anyone still do it?

GetBackd will look at files for reverse consolidation's if your client is interested in that.

[TheUnderwritingProdigy]

How much were the balances?

I think both times like $6k or less

[NoBiggie]

Fundworks pays off
Also Kalamata has paid off balances in the past few months

[ClearFund]

ClearFund has paid off balances in the past, depending on the file of course, and also very much depending on whom we’re paying off, but if the merchant is good for it we’ve consolidated up to 3 positions in the past. (Not reverse consolidations, we don’t do that)

It would depend on balances with the current positions, length of MCA payment history, whom were paying off, gross approval amount, net to the merchant, etc.

Thanks.

[asharaby]

RDM will pay off other funders, provided that merchant can net 50% and payments are back up to contracted rate for a minimum of 4 weeks

[fundingpro1]

Business Capital Providers will pay off up to 2 positions merchant has to net 40-50% no restrictions on the lenders who we pay off. (Not reverse consolidations, we don’t do that)
$100K total pay off cap.