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  1. #1
    Senior Member Reputation points: 23755
    Join Date
    Mar 2021
    Posts
    185

    Bluevine

    Does BV allow you to charge the merchant a PSF for setting up LOC?

    TIA

  2. #2
    Senior Member Reputation points: 226631
    Join Date
    Feb 2017
    Posts
    3,411

    No
    And not only that, unless you're an approved "BROKER" with them (not a referral partner) you don't get paid 3 on each renewal, just on the first funding. I think it takes a year to get approved

  3. #3
    Senior Member Reputation points: 5036 DiamondBL's Avatar
    Join Date
    Oct 2015
    Location
    Beverly Hills, CA
    Posts
    203

    You need to also keep up to date with your client. If they take any other loans or advances they freeze the LOC.
    Jonathan Kohanoff
    B.R.E. #01962090

    Diamond Business Loans
    Beverly Hills, CA 90211
    jon@diamondbl.com
    www.DiamondBL.com

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