I have an offer out to a potential client, my client calls me Friday afternoon and tells me he has another offer from Qualified Merchants. This is a small pizza shop with about 30K monthly deposits, he's looking for 20K and has a 600 fico score. So he tells me that Qualified Merchants will give him 24K with a factor rate of 1.17 and 10 months term? I have an offer of 20K with a 1.28 factor rate with 6 months term.