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09-06-2022, 01:19 PM #1
Reputation points: 12696
- Join Date
- Nov 2019
- Posts
- 685
The merchant is looking for 184k going to payoff 134,000 to net 50k, Even if they get a factor rate at 1.25 the cost on 184k will be 46k and is only netting 50k. So now that 1.25 is actually costing them 99%. Has that been explained to them and see if they can get a third position which would be a hell of a lot cheaper. Or maybe payoff the second position at least so it will not be as bad as paying off both positions.
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