[TheChoice]

Thanks ADiamond, I recently reached out to you gentleman and ladies, however I believe we aren't working with collateral on this one.

I think a majority of callers/brokers state that consolidation is a possibility just to get docs in. However, I don't look to waste our investors and underwriters time, or our clients first and foremost. So unless its a financially feasible file, I'm not the one placing that 4 or 5th, unless your average is amazing and it makes complete financial sense (thats choppy water…very deep).

I understand that the risk is heightened by their stacking history, but what if makes economical sense? Fund My Payroll seems to have a unique approach to resolving an over stacked client.

What if the merchant qualifies for 100k, yet has 9k in balances by 5 companies, and 700 credit? (HYPOTHETICAL)

I dunno... Once again, I never vouch for clients, and why would i vouch for the broker who positioned the last deal for the client as well. Its so important for brokers to meet the goals and expectations of both our investors, underwriters and clients.

But the responsibility is in both the broker educating the client on the situation whether its detrimental if not utilized right, as well as the client, who is obligated to the money by signing the contract. Stacking is an issue in the business, i get it. However, it is still here and there definitely should be programs that deal specifically with it.

So…again if anybody knows a lender who doesn't mind amount of positions (3), but their financial ability to net + 40 to 50%, and sustain payment for such funding., I would appreciate the help with our placement of this client as I rather consolidate than think of placing another deal in the mix. Thank you all kindly for your responses.

The Choice
Simple Choice Capital
www.simplechoicecapital.com
"The Choice is Simple…"

[WhoisKingsley]

Thanks ADiamond, I recently reached out to you gentleman and ladies, however I believe we aren't working with collateral on this one.

I think a majority of callers/brokers state that consolidation is a possibility just to get docs in. However, I don't look to waste our investors and underwriters time, or our clients first and foremost. So unless its a financially feasible file, I'm not the one placing that 4 or 5th, unless your average is amazing and it makes complete financial sense (thats choppy water…very deep).

I understand that the risk is heightened by their stacking history, but what if makes economical sense? Fund My Payroll seems to have a unique approach to resolving an over stacked client.

What if the merchant qualifies for 100k, yet has 9k in balances by 5 companies, and 700 credit? (HYPOTHETICAL)

I dunno... Once again, I never vouch for clients, and why would i vouch for the broker who positioned the last deal for the client as well. Its so important for brokers to meet the goals and expectations of both our investors, underwriters and clients.

But the responsibility is in both the broker educating the client on the situation whether its detrimental if not utilized right, as well as the client, who is obligated to the money by signing the contract. Stacking is an issue in the business, i get it. However, it is still here and there definitely should be programs that deal specifically with it.

So…again if anybody knows a lender who doesn't mind amount of positions (3), but their financial ability to net + 40 to 50%, and sustain payment for such funding., I would appreciate the help with our placement of this client as I rather consolidate than think of placing another deal in the mix. Thank you all kindly for your responses.

The Choice
Simple Choice Capital
www.simplechoicecapital.com
"The Choice is Simple…"

What if the merchant qualifies for 100k, yet has 9k in balances by 5 companies, and 700 credit? - walk in the park, but have you ever had a deal this simple Mr. Simple Choice?

[TheChoice]

Like everyday. lol.