[Chambo]

Rapid is the only one I know of who offers this. Each withdrawal is a 4 month, 1.20....

[aredmond]

Rapid is the only one I know of who offers this. Each withdrawal is a 4 month, 1.20....

So let me clarify as I have not worked with Rapid. Let's say the merchant qualifies for 50k for example on a LOC. They decide to grab out 15k on a 1.20. That means they are paying back 18k over 4 months. Would that be a $204 daily ach for 4 months? And if they grabbed another 15k later would that be two separate 204 payments. Hopefully i wasn't confusing you. Just trying to get a little more in depth clarification.

You know this industry well so I assume you get my example....

Thanks