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09-11-2012, 02:54 AM #1
Merchant Cash Group's Fast Funding Equity Program???
I'm not sure how much Merchant Cash Group has shared about a program they have in development, but their fast funding equity program is rumored to have some game changing features:
- The purchase price will reflect the total of 8 advances (it is basically a HUGE advance disbursed in increments every 6 weeks over the course of a year)
- No renewal contracts are needed for each successive disbursement. The merchant just gets funded and the ISO just automatically gets the commission (8 automatic commissions in a year!)
- A lock-in feature that prevents the merchant from getting bought out and refinanced to another funder
Hopefully a representative at Merchant Cash Group can elaborate and provide more details. I think it will be interesting if a merchant is getting a contract for $50,000 instead of $6,000 despite the fact that there are incremental payments.Last edited by Sean Cash; 02-26-2013 at 04:13 PM.