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  1. #1
    Senior Member Reputation points: 78889 Olderguy's Avatar
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    No Stacking. "Stacking" is the receipt of additional financing by a Referred Merchant immediately prior to, at same time or after such Referred Merchant has been funded by Credibly pursuant to a Working Capital Agreement, whether such additional financing is in the form of business loons, merchant cash advances {purchases of future payment receivables) or other forms of working capital or business financing. Stacking a breach of the terms of the Working Capital Agreement and significantly increases the risk of default.

    Independent Sales Partner covenants and agrees that it:

    1. shall immediately notify the relationship manager at Credibly in the event it becomes aware of any Stacking; and

    2. shall not, directly or indirectly, solicit, offer, provide or broker, or otherwise facilitate the provision, offering, brokering or solicitation of Stacking ("Broker Facilitation").
    Last edited by Olderguy; 03-08-2023 at 01:05 PM.
    Steve Benjamin
    Professional Business Loans

    522 Contessa
    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    Broker, Underwriter, general business loan expert
    949.228.1050


    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 9.5% and up
    @ Equipment financing up to 7 years
    @ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Private money equity and debt for major investments
    @ Personal Loans up to gross income from personal tax return.

  2. #2
    Senior Member Reputation points: 31817
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    That says the broker cant facilitate it. It does not in fact say they wont penalize you if you are not involved. I have a feeling they will assume you did it whether its true or not.

  3. #3
    Senior Member Reputation points: 125088 BR-Nightmare's Avatar
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    Quote Originally Posted by Oxforddan View Post
    That says the broker cant facilitate it. It does not in fact say they wont penalize you if you are not involved. I have a feeling they will assume you did it whether its true or not.
    The problem is if the Merchant admits to it, the broker will then call the Merchant a liar.
    The Brokers Nightmare
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  4. #4
    Senior Member Reputation points: 78889 Olderguy's Avatar
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    Quote Originally Posted by BR-Nightmare View Post
    The problem is if the Merchant admits to it, the broker will then call the Merchant a liar.
    They have to prove this:

    shall not, directly or indirectly, solicit, offer, provide or broker, or otherwise facilitate the provision, offering, brokering or solicitation of Stacking ("Broker Facilitation").
    Steve Benjamin
    Professional Business Loans

    522 Contessa
    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    Broker, Underwriter, general business loan expert
    949.228.1050


    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 9.5% and up
    @ Equipment financing up to 7 years
    @ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Private money equity and debt for major investments
    @ Personal Loans up to gross income from personal tax return.

  5. #5
    Senior Member Reputation points: 31817
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    Steve, you have done this before. You know full well they don't have to prove ****. They can and will just claw back. Feel free to not believe me. Buyer beware.

  6. #6
    Senior Member Reputation points: 78889 Olderguy's Avatar
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    Quote Originally Posted by Oxforddan View Post
    Steve, you have done this before. You know full well they don't have to prove ****. They can and will just claw back. Feel free to not believe me. Buyer beware.
    Yeah...but I thought all lenders were honest....and believe what you tell them...
    Steve Benjamin
    Professional Business Loans

    522 Contessa
    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    Broker, Underwriter, general business loan expert
    949.228.1050


    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 9.5% and up
    @ Equipment financing up to 7 years
    @ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Private money equity and debt for major investments
    @ Personal Loans up to gross income from personal tax return.

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