[BR-Nightmare]

Thanks Steven. Your answers are very helpful.
Always better to do things the right way.

Most Merchants will eventually take a 2nd MCA. When is it viewed as acceptable to provide merchant with a 2nd position?
Confirming Hop/Stacking and Adding another position or the same thing, correct?

Full transparency in your funding request will go a long way.

Some funders can do the deal only if it fits to a point of both affordability for the Merchant and profitability for the Funder.

If you are able to obtain the best affordable deal that the Merchant can take, a second position may not be required.

Now, the concern would be in regards to the Merchant offering 100% transparency with you as well. If their expectations are not managed properly, they can be sabotaged and ruin their own business and their relationship with you.

As a broker, you'd have to truly review their statements and see what their actual average revenue is and what funding amount would be suitable for their business.

I've done deals where the broker submits requesting an offer as second position to a recent funding, the offer we give fits our bucket and has the potential to pay full term.

I've done deals where we come in and when I look at it for a possible renewal, they get stacked to the gils after the fact because the "Merchant" got money hungry.

Be upfront with your submission, manage your Merchants expectations the right way, earn their trust all around and you can build your client into a residual income for yourself.

[BR-Nightmare]

I also apologize for my spat with Dave on your thread

His policing tends to get out of hand for no reason.

[CNC30]

I also apologize for my spat with Dave on your thread

His policing tends to get out of hand for no reason.

No worries, can't take someone like that serious.
Thanks for having my back.

[Kevin Henry-Seacoast]

I also apologize for my spat with Dave on your thread

His policing tends to get out of hand for no reason.

Poor Dave,

Perhaps his need for policing stems from him still owning a 1972 Plymouth Polara.

[Jason Sterling]

Quikstone Capital Solutions never double dips merchants on renewal.
Typically after 90 days if the advance is paying as expected we will offer renewal (original funding amount). We do not make the merchant payoff the existing balance with proceeds from the new renewal. Instead the merchant will net the full renewal amount and we don't start remitting on it until the original deal is paid in full. This is a huge advantage for the merchants. It also allows the ISO/Broker to keep making commissions on each renewal instead of putting the merchant into a horrible situation with double dipping (fee on top of fee). Quikstone has many merchants who have been funding with us since we opened in 2005.