Results 1 to 16 of 16
Threaded View
-
01-19-2015, 10:57 AM #4
- Join Date
- Apr 2013
- Location
- NY
- Posts
- 203
In my experience you will only see this from high risk/stacking funders. I have never seen an A paper funder use a COJ. a few of the high risk 2nd 3rd etc position funders require that on all deals, we have even seen it on advances as small as 3k. it would only be filed if merchant defaults, the enforceability of it is debatable
Similar Threads
-
need 2nd position without requiring confession of judgement direct sources only !
By sjordan96 in forum Deal BinReplies: 1Last Post: 11-14-2015, 05:27 PM -
"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 -
QUESTION: Is this "Not a big deal?" OR a "Deal Breaker?"
By JSL23 in forum Merchant Cash AdvanceReplies: 7Last Post: 10-21-2014, 01:18 PM -
Offers on USA businesses only and subject to final approval by "NOW Business Funding"
By royvolkan in forum PromotionsReplies: 5Last Post: 09-19-2013, 02:07 AM