Is stacking an ACH advance on a split-funding advance okay?
Need a Funder or Vendor? START HERE

View Poll Results: Is an ACH Advance on top of a Split-funding advance Okay?

Voters
38. You may not vote on this poll
  • Yes

    6 15.79%
  • No

    21 55.26%
  • Depends

    11 28.95%
Results 1 to 25 of 95

Hybrid View

  1. #1
    I think it would absolutely have to start with whether the original funder allows secondary financing, but collecting on two advances from the same merchant only jeopardizes the merchant's sustainability to have enough cash flow to operate their own business. Most merchants looking for another advance after receiving financing are seeking an advance equal to or greater than what they have already received. This so called piggyback program only forces the merchant to drive more sales so they can pay back what they owe. It is a bad move on the merchant and usually a breach of their agreement.

  2. #2
    Senior Member Reputation points: 148 Capital Stack's Avatar
    Join Date
    Jul 2012
    Location
    Wall ST.
    Posts
    268

    I agree with nick. Its bad business for the merchant and lender community. But we just funded a merchant last week for $25k. The ISO funded the merchant several times and his balance was $150k. Our office spoke with the funder and they agreed to wanting to keep the merchant on the books. They gave us the go forward on the 2nd.

    Although it is a strict policy of ours not to stack. additionally every month we have performing merchants that stack on us and we decline them for renewal.

    In short stacking is bad business you'll hurt your merchants and the funders you stack on.

  3. #3
    Although it is a strict policy of ours not to stack. additionally every month we have performing merchants that stack on us and we decline them for renewal.

    In short stacking is bad business you'll hurt your merchants and the funders you stack on.[/QUOTE]

    Yet you are named capital stack lol

  4. #4
    Senior Member Reputation points: 49585 CraaaCraaa Radio's Avatar
    Join Date
    Mar 2017
    Location
    NYC
    Posts
    459

    Quote Originally Posted by fundyoutoo View Post
    Although it is a strict policy of ours not to stack. additionally every month we have performing merchants that stack on us and we decline them for renewal.

    In short stacking is bad business you'll hurt your merchants and the funders you stack on.
    Yet you are named capital stack lol[/QUOTE]


    Very Hard to stop stacking, extremely hard!!
    Unless you have control of your merchants!!! That takes a certain skill set & talent!!!





    It doesnt matter what they saaaaaaaaaaaaaaayyyyyyyy!!!!!!!!!!!!!!!!!!!
    Disclaimer
    This message brought to you by
    :

    CraaaCraaa Radio ®

    http://debanked.com/merchant-cash-ad...nce-directory/


    World of MCA
    E.V.P Business Development
    ___________________________
    "Success is a lousy teacher. It seduces smart people into thinking they can't lose."

  5. #5
    AA
    Last edited by Mr. Amilli; 12-19-2017 at 02:07 PM.

  6. #6
    Karen37a
    Guest
    Quote Originally Posted by Mr. Amilli View Post
    Yet you are named capital stack lol
    Capital Stack...omfg what a **** lender...stulman & rubin such scumbags
    [/QUOTE]


    Tell them all what you think about them....its the Holidays...purge your soul

  7. #7
    AA
    Last edited by Mr. Amilli; 12-19-2017 at 02:11 PM.

  8. #8
    Karen37a
    Guest
    Quote Originally Posted by Mr. Amilli View Post
    Tell them all what you think about them....its the Holidays...purge your soul
    Would you please do the world a favor & just drive your drunk ass off the skybridge...Thank you.
    [/QUOTE]



    I do not drink as you know. But you are what I said you are...just in hiding



Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

eBay announces new MCA program
Lendistry welcomes new CFO
LegalZoom partners w/ businessloans.com


DIRECTORY