[Cfairbank]

Putting profitability aside, I thought the "double dipping" technique was used to keep the record keeping of cash advances straight. Otherwise, you'd have transactions that never end if a client keeps adding on. The reporting of new deals funded and completed deals would be murky, especially if the advances are being securitized and sold to third parties.

If a funder has that concern, let the renewal run side by side as a completely separate deal. Or simply do an add on structured as a separate deal. All double dipping does is accelerate returns and allows funders to charge fees on fees.