[AlexSMF]

Negative on balance sheet? Better talk to Zach, because NO WAY IN HELL is an A paper fund going to extend him $1million.....at ANY rate

Chambo, there are exceptions to this. I funded a deal for 500,000 12 months @ 1.36 and the business was in a very similar position. Balance sheet was upside down by almost $2,000,000. The merchant had a very good explanation for it which made perfect sense. Cash flow was very strong and so was everything else about the deal. There are exceptions to this and there are 1 or 2 A paper funders out there that would do this.

[aredmond]

Chambo, there are exceptions to this. I funded a deal for 500,000 12 months @ 1.36 and the business was in a very similar position. Balance sheet was upside down by almost $2,000,000. The merchant had a very good explanation for it which made perfect sense. Cash flow was very strong and so was everything else about the deal. There are exceptions to this and there are 1 or 2 A paper funders out there that would do this.

And someone probably got fired for authorizing that deal. I agree with Chambo, the company that funded that deal was not funding A paper....nobody 2 million negative on the balance sheet regardless of the explanation is "A" paper.

[AlexSMF]

And someone probably got fired for authorizing that deal. I agree with Chambo, the company that funded that deal was not funding A paper....nobody 2 million negative on the balance sheet regardless of the explanation is "A" paper.

The owner of the company authorized the deal because the story made perfect sense. 99 out of 100 times, chambo is right as it comes to this scenario, however there are exceptions if you happen to come across the right situation. I think I would know more about the circumstances of this as it was my client compared to you going based on assumptions, no?

[Chambo]

Chambo, there are exceptions to this. I funded a deal for 500,000 12 months @ 1.36 and the business was in a very similar position. Balance sheet was upside down by almost $2,000,000. The merchant had a very good explanation for it which made perfect sense. Cash flow was very strong and so was everything else about the deal. There are exceptions to this and there are 1 or 2 A paper funders out there that would do this.

OK, but this is twice as much money