High balance payoff
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  1. #1
    Senior Member Reputation points: 10944
    Join Date
    Oct 2013
    Location
    New York, NY
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    1,203

    Be careful with the 2nd position. You dont wanna strand the merchant with a huge balance and no way to get more funds except for small 2nd's/ The only thing is if the company giving the second will commit to giving the merchant a comparable deal once his balance comes down then you can do it. Thats what I tend to like to do here at YSC. We do give seconds but it is done as a bridge to giving them first porition money when the balance comes down.
    Andrew J. McDonald
    Director of ISO Development
    Yellowstone Capital LLC
    1 Evertrust Plaza
    Suite 1401
    Jersey city, NJ 07302
    PH - 347.464.0785
    FX - 646.213.1790

  2. #2
    Quote Originally Posted by AndyYSCISOdept View Post
    Thats what I tend to like to do here at YSC. We do give seconds but it is done as a bridge to giving them first porition money when the balance comes down.
    That is exactly what I want. And the best way to do it.

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