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03-08-2015, 05:52 PM #11
Reputation points: 2893
- Join Date
- Jan 2014
- Posts
- 283
Amen Brother!!
There is one Broker shop in Vegas that tells Merchants they were approved for up to 50%-100% of their yearly gross at a 1.10- 1.12 3 year term, HOWEVER they had to pay $2500-$5000 UP FRONT to show they were serious!(in addition to a $500 "Application fee"). I got an offer for a client and had to convince them it was total BS. "Sorry, Mrs. Smith, but the $500,000 10 year term doesn't exist but here is $90,000 for $125,000!!"
The type of Broker/shop that does this just flat out does not care.....
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