Results 1 to 3 of 3
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10-06-2021, 02:41 AM #1
- Join Date
- Mar 2019
- Posts
- 10
Anyone have clients asking for more advances but can’t because of stacked up advances
What we may able to after we get them to reach out to is that they have advances with and we try to get them To have a lower payments for
Couple weeks to get cash flow in pocket
Or even extend his terms as long as
He is paying you guys back and getting
Rid
Of the advances and clear him out for funding after he pays everything out
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10-06-2021, 09:33 AM #2
- Join Date
- Aug 2020
- Posts
- 144
So you advise your clients make payment adjustments with their current funders?? There is no "couple weeks to get cash flow in pocket". Once they have a little extra money it'll be spent on something else. Extending the term is also another way of asking them to violate the receivables purchase agreement.
Most funders don't fund with recent payment adjustments so your strategy makes no sense. The only workable solution with an overly stacked merchant is a reverse consolidation.
Who are you so I know to avoid you.
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10-07-2021, 11:24 AM #3
- Join Date
- Feb 2018
- Posts
- 1,349
there are deals that have up to 50% of their sales being gobbled by stacking companies. you can blame the merchant, or, the mca companies who do not seem to care about crushing the merchant or both, but, this is irresponsible funding
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