Results 1 to 17 of 17
Threaded View
-
01-25-2024, 09:56 AM #6
- Join Date
- Apr 2022
- Posts
- 3
I funded a deal in October for 90k with a pretty well known lender ( i should say the name because of how it was handled but i wont bc its not my style). 3 weeks into it the merchant had an issue where his revenue was down. He went through his contract and saw a section in regards to reconciliation that basically said if he shows them his revenue is down they have to lower his payments. So they did. But they took a claw back from me. The merchant never missed a payment and until this day is still paying them weekly. They say they'll pay me when he's PIF ( it was a year term, so on lowered payments it could take 2 years) or when he goes back on regular payments and makes 4 payments in a row. I thought i was fcked over in that situation but whatever.
Last edited by JoeCon123; 01-25-2024 at 10:03 AM.
Similar Threads
-
We make it our mission to say "yes" when others might say "no."
By UptopFinance in forum PromotionsReplies: 0Last Post: 01-08-2024, 02:26 PM -
"High Risk" Cash Advance" -- Nerd Wallet Article
By Cfairbank in forum Merchant Cash AdvanceReplies: 17Last Post: 10-15-2016, 01:28 PM -
Need a lender to say "Yes" when the alternatives say "No"
By LM SBL in forum Business LoansReplies: 0Last Post: 02-02-2015, 11:33 AM -
"A paper" and "B/C" lenders
By loan in forum Merchant Cash AdvanceReplies: 17Last Post: 02-02-2015, 11:13 AM -
The Difference between "High Risk" and "Additional Positions"
By WhoisKingsley in forum Merchant Cash AdvanceReplies: 1Last Post: 12-01-2014, 10:31 AM