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07-23-2013, 02:27 PM #1
- Join Date
- Jun 2013
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- 351
Continued from another thread re: stacking
I responded to a thread on the self promotion board and havent heard back yet, but since those are less frequently visited, I thought to bring it over here since it is less about the promotion and more about the underwriting of deals:
Originally Posted by Colt McDaniel
Yes. If a merchant has an existing advance or a loan we can still fund them as long as the advance is three month old.
A) the business can handle the repayment of the previous obligation along side your new financing?
B) you are not enabling/allowing the merchant to breach their contract with the previous funding company?
EDIT: for those not looking at this board, Colt is with IOU Central.