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03-08-2023, 09:55 AM #1
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.
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03-08-2023, 09:58 AM #2
- Join Date
- Jul 2015
- Posts
- 215
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.
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03-08-2023, 12:56 PM #3
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03-08-2023, 01:04 PM #4Steve 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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03-08-2023, 01:08 PM #5
- Join Date
- Jul 2015
- Posts
- 215
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.
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03-08-2023, 01:15 PM #6Steve 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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