[WALLFUND]

Do you buy out existing advances and if so what does the merchant have to net ?

[thudson]

Do you buy out existing advances and if so what does the merchant have to net ?

We will payoff up to two competitor balances for up to $40K. Due to the excessive interest on interest beyond $40K, that is our max. The merchant must net 50% of the funded amount. If the single balance competitor balance is above $40K, we will look at a side by side position where cash flows support the additional payment. Great question, thank you for the chance to elaborate.

[thudson]

We will payoff up to two competitor balances for up to $40K. Due to the excessive interest on interest beyond $40K, that is our max. The merchant must net 50% of the funded amount. If the single balance competitor balance is above $40K, we will look at a side by side position where cash flows support the additional payment. Great question, thank you for the chance to elaborate.

Updating the prior post, things have changed for the better today.... We will no longer require that a competitor balance be 50% paid down in order to be paid off. We just need 2 or fewer balances to be at least 31 days old, less than $40K and for an approved amount where the merchant can net 50/50. We continue to try to make you more successful in your sales opportunities and look forward to the additional business that this will bring.