[closer129]

Both,,, Need 400k,, Doing over 400k

Right now my company caps at 250k for trucking. Our renewals on first position works like a line of credit in a way where when a merchant comes back for more capital we keep the payment the same just add the new money to the back end and extend the original term out longer. This way the merchant gets the lower rate on the shorter terms but gets a longer term and more money in the long run.

If the merchant needs the whole 400k now and we see they can afford it we sometimes give permission for them to stack as long as they do not go over a certain gross reserve.