[mcg168]

Seems as though more and more funders are now consolidating and lowering the amount a merchant has to net for an existing advance can be paid. Received this from Principis yesterday;

Merchants with Existing Advance Balances now must net only 30%!! So 70% of the advance can be used to pay off outstanding advances!!
Ø Principis will pay off multiple advances – a great option for merchants looking to consolidate!!!!

Do you guys think we'll see more A paper funders make this move to offer consolidations?

I thought most A Paper lenders were trending in the opposite direction. CAN only allows a 20-30% payoff...BFS is usually around 35%...There is a very simple reason the A Paper lenders dont like paying off such large balances - those deals have a much higher default rate.