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03-08-2016, 03:10 PM #31
Reputation points: 17587
- Join Date
- Sep 2014
- Posts
- 720
you weren't too crazy about "shots fired" either if i remember correctly. "benchmark for future business" or "to build a relationship with the lender" when brokers are selling a 7th and promising consolidation 30 days later. Actually spoke to a merchant whose broker told him he had someone willing to consolidate, but a minimum of 7 positions were needed to qualify for the program, merchant had 6 and took the bait. The phrase "first position," as very few seem to have any idea what that actually means. "Leads" "Term Loan"
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