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10-20-2021, 08:10 PM #1
- Join Date
- Jan 2021
- Posts
- 23
You can take out a reverse although it's going to really cost you. You submit to a new reverse funder that will take over and know that you are funding the merchant. The reverse funder approves the deal, the merchant cancels his current reverse which they can always do. The new reverse funder funds the deal and can reverse the balance of the old reverse funder. You fund you deal and that is the one position not reversed. Incredibly dumb but it does happen from time to time.
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10-21-2021, 10:27 AM #2
- Join Date
- Aug 2021
- Posts
- 21
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10-21-2021, 11:36 AM #3
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,484
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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10-23-2021, 01:08 AM #4
- Join Date
- Nov 2017
- Posts
- 153
Deals@reversefund.co best in the industry at approving reverses.
I had a file he approved , merchant changed his mind but it was a solid offer ..
Shout out , will send more deals.
Thanks for your work
-FBC
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10-26-2021, 02:42 PM #5
- Join Date
- Jun 2017
- Posts
- 2,049
This man knows what hes talking about.
The Numbers will sometimes work where you can stack the reverse, Intentionally get the reverse to stop depositing, or merchant can shut it off. Then after funding, the same company then reverses their position, the old reverse, and whatever balances were left.
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