Soft Approvals
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  1. #1
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    Quote Originally Posted by fundingsmbs View Post
    We had a funder decline a deal right as we were going to order contracts because they pulled business credit at that time. Does any other funder do this? We haven't run into this situation before. Turns out, they aren't putting out approved offers, rather soft offers.
    Alot of Funders do this.

  2. #2
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    Quote Originally Posted by ryan $ View Post
    Alot of Funders do this.
    from 07-2012 that was common. Not many still do that in 2022

  3. #3
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    Quote Originally Posted by Michael I View Post
    from 07-2012 that was common. Not many still do that in 2022
    Depends what your funding though. 1st and 2nd Pos Funders tend to underwrite upfront.
    Most High Risk, Default Funders dont do anything up front....just kick out approvals based on revenue. Run everything at contract request.

  4. #4
    ALFA Advance makes HARD approvals only. We do all underwriting upfront in order to provide hard approvals that are guaranteed to fund with minimal stip requirements. Email me to find out more about our funding programs

    Rasheed Miller
    rasheed@alfaadvancefunding.com
    www.alfaadvance.com

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