I have a merchant, has had multiple advances with me over the years. It is a restaurant and he is not yet ready for a refi but needs some money. He has been shopping around and found someone that is willing to give him 15k at a 1.22 ach program, 252 payments of $73 in the second position.
I was under the impression that when another company stacks, it is over a 3 months period at a high factor rate, 1.49 or so (ie Pearl, FF).

Any thoughts?