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  1. #1
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    Chambo, I understand that it can be the case if the business is just starting out and they have a great new concept that you may like and just decide to roll the dice on them. Is that what it was in these cases you're talking about? If not, what convinced you to do the deals if they looked like crap on paper.

  2. #2
    Veteran Reputation points: 135672 Chambo's Avatar
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    Quote Originally Posted by mfs01 View Post
    Chambo, I understand that it can be the case if the business is just starting out and they have a great new concept that you may like and just decide to roll the dice on them. Is that what it was in these cases you're talking about? If not, what convinced you to do the deals if they looked like crap on paper.
    That was not the case. They were either SIC codes that were unorthodox, or yeah, there were bank issues or credit issues, but after lengthy talks with the merchant, decided to go with my gut (and in several cases, fight like hell with the funds) and it worked out, in some cases EXTREMELY well.

    and these merchants turn out to be extremely loyal too

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