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08-19-2013, 08:18 PM #1
Daily repayment for 2 years.... let's think about that for a minute. You should prepare yourself for ACH rejects if it's on ACH. Will the average daily ending balance for the last 6 months help you predict how much money will be in a merchant's bank account in August of 2015?! NOPE!
And be prepared for the request for additional funds in 4-6 months on these deals, which will either lead to a further extension of the deal or a stack when the original funder says no.
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