[isaacdstern]

Hoppers will be in and out 20 times before the deal is eligible for renewal, there will be people in there in 10th position!! I actually got a call yesterday with someone pitching me that they are the premier 4th position funder...lol!!!

[GoodCustomerService]

Oh baby. Couldn't agree more. Its truly sad that larger, respectable companies don't have a clue what giving a merchant a longer term does. Which is set them up to be stacked over and over and over and over and over and over again before they even receive back 50% of their principal. The business wasn't created for 3-5 year terms for that reason.

[Sean Cash]

Pre-order your Lending Club UCCs today!

[MCNetwork]

I disagree. If they get a 50k advance at 1.25 12 month and they need an extra 8k 2 months later, they will take an 8k 1.45 3 month because the big money is cheap so they're more inclined to look the other way on the cost of the small money.

If the merchant blew through his 50K advance in a few weeks and is willing to pay 12K to borrow 8K over a short term, then he's on the ledge and all his credit cards are probably maxed out. I'd close up shop before I had to take that deal.

[5 Year MCA Veteran]

Doesn't IOU ONLY do this when they are FUNDING direct and without an ISO though???

[Christina]

I have a merchant looking for a 1.18 or 1.20 got him a good approval for 1.3 anyone know lenders that will go that low over 12mnths??

[MCNetwork]

IOU Central

[Colt McDaniel]

Christina - Give me a call to discuss the options and cost of our loans @ 678-894-1773. Or you can visit our website www.ioucentral.com and click on our loan calculator. You will see the range of rates the merchant can qualify for as well as seeing what they can save on their total cost my paying off early.

[Christina]

@colt..im not sure if you do they industry type but I will give you a call tomorrow.. Thanks