Quote Originally Posted by GRP Funding View Post
Most funders that have been around for more than a year are still paying off other advances
Ouch!! I have worked with Payroll though, and have seen them really bail a couple of Merchants out(not to mention save them a ton of money on daily pulls). It is a sad state that a Lender would rather give a $20k 3rd position @ 1.449 with a 60-90 day term then invest in a long-term relationship and educate the Merchants about the pitfalls of stacking. I will admit, a large part of it is mitigating risk, but it is also taking the easiest way out.