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05-16-2013, 12:07 PM #1
RapidAdvance Acquires ProMAC
Let's talk about this. RapidAdvance just purchased ProMAC's operating assets. Acquisitions are rare in this business. Is this the start of additional consolidation down the road?
http://www.prnewswire.com/news-relea...207546401.html
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05-16-2013, 02:28 PM #2
True. I guess we have only seen funders that collapsed and then got gobbled by another funder. I guess we will never know, but was Promac in financial trouble and needed a life line from Rapid? Or did Rapid make an offer to Promac that was too good to turn down.
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05-16-2013, 04:53 PM #3
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05-16-2013, 03:25 PM #4
- Join Date
- Jan 2013
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RapidAdvance Acquires ProMAC
Lifeline for sure
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05-16-2013, 03:30 PM #5
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05-16-2013, 04:56 PM #6
good point chambo, although I've always been told different things about how the gbr bfs relationship was really structured. What is their arrangement exactly?
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05-16-2013, 07:01 PM #7
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05-16-2013, 07:02 PM #8
or Bankcard Funding and SFS.....
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05-16-2013, 07:03 PM #9
Or ON DECK and DCC (heh heh, sorry, couldn't resist)
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05-16-2013, 07:02 PM #10
or more accurately, MAIN STREET and Amerimerchant
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05-17-2013, 10:13 AM #11
Chambo how do you know all this information?
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05-17-2013, 01:49 PM #12
what information are you referring to? The Rapid deal? Jeremy himself told me. the other info? I think everyone on the street knows that already