Results 1 to 18 of 18
Hybrid View
-
11-21-2014, 10:22 AM #1
Reputation points: 10
- Join Date
- Apr 2014
- Posts
- 46
Pearl Capital Selling??
Andy- that's factually incorrect. Clearly when someone is as big as a Pearl, an Everest, a Strategic and a Yellowstone etc. people are going to be envious of what they have. It's only natural for any large corporation. Everyone can find something they don't like about every funder out there.
-
11-21-2014, 10:36 AM #2
Reputation points: 16720
- Join Date
- Sep 2014
- Posts
- 430
-
11-21-2014, 01:18 PM #3
Reputation points: 2218
- Join Date
- Apr 2013
- Location
- NY
- Posts
- 203
Lol its not factually incorrect. It is a fact. anyone who has been in this business for a few years knows it. every company you mentioned with the exception of strategic is a stacker. And they all charge a bunch of junk fees. There are other stackers that do not charge as much in junk fees. And NONE of the A paper, first position companies charge anywhere near to those type of fees. On deck, 2.5% in fees. MCC, Snap, GRP, etc 300 in admin fees, not 7-10% of the advance amount.
I am not bad mouthing any of those companies that you have mentioned. They fill a need. I have worked with some of the for years. I am merely pointing out that Pearl, in addition to 3 month 1.45 , they also charge 7-10% in fees that are deducted from the funding amount, bringing the effective interest rate to 200+%. And I do not think it would be in pearls best interest to go public and advertise that they charge those kind of rates
Similar Threads
-
pearl capital
By cashguy in forum Merchant Cash AdvanceReplies: 24Last Post: 04-03-2020, 12:11 PM -
Selling Merchant Cash Advances - How hard is it?
By mbradford101 in forum Merchant Cash AdvanceReplies: 61Last Post: 01-20-2017, 04:20 PM -
Is Pearl Capital taking aim at North American Merchant Advance Association (NAMAA)?
By Industrycityusa in forum Merchant Cash AdvanceReplies: 42Last Post: 06-19-2014, 03:21 PM -
The Guv'ment Is Selling Money Now Too
By JayBallentine in forum Merchant Cash AdvanceReplies: 3Last Post: 01-07-2014, 06:01 PM -
Taxmageddon and Selling Your Business 2012-2013....
By MCAVeteran in forum Merchant Cash AdvanceReplies: 9Last Post: 01-02-2013, 04:10 PM