Quote Originally Posted by tonymotts View Post
Now this is wild funding a sba loan and pulling daily's like a mca !!! just had a merchant get funded 150k sba and these brokers told him its there money and are debiting his account $4500 a day . This is out of control !!!!!!!
My bet is on a dishonest merchant. 150k @ 4500/day sounds like a 50-60 day deal... if he's doing enough revenue to would warrant those terms I'm guessing he's savvy enough to understand a contract. If he got placed at a funder that would even offer such terms I'm guessing he's also screwed over some creditors before. These are huge assumptions and I never underestimate how shady a broker/funder can be, but that's where my money is with the few facts given.