[Michael I]

i recently had a new c and d paper shop that was giving 3 month approvals have a 90 day clawback in their agreement . also had a clause if you don't fund with them for a month you lose all your renewals . Since i crossed out that line and turned the 90 to 30 they have never gotten back to me .

[SCP]

i recently had a new c and d paper shop that was giving 3 month approvals have a 90 day clawback in their agreement . also had a clause if you don't fund with them for a month you lose all your renewals . Since i crossed out that line and turned the 90 to 30 they have never gotten back to me .

Good riddance, that seems pretty ridiculous haha. Essentially saying that in many cases, if the merchant defaults over the course of the entire term (albeit 3 months) you're stuck with a clawback. I can understand an agreement under the basis of a certain amount of business being referred, as most reputable funders want to work with reputable shops as well - but foreseeably losing all your renewals after a bad month is something I'd run from as well!