Quote Originally Posted by FUNd View Post
"f" stacked him for advance 8 and 9 when he was already 7 deep. He must have a pretty strong cash flow regardless. I guess my question is why wasn't he just offered a large deal at some point that would have wiped out the previous advances and allowed him to net cash? This really makes no sense.
Yeah agreed, doesnt make much sense. Only one of the guys was a "big" funder, and none of the large second position guys were on there. Not sure if balances are 100% accurate (docs we received didn't include pay-off letters, and a lot of times the balances are understated when estimated by merchant), but all the debits show up on bank statements and seem consistent with a lot of smaller deals -- ranging from 145 to 465 daily. Trucking company, grosses a little over 2MM/yr.