View Poll Results: Is an ACH Advance on top of a Split-funding advance Okay?
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- 38. You may not vote on this poll
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Yes
6 15.79% -
No
21 55.26% -
Depends
11 28.95%
Results 1 to 25 of 95
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10-17-2012, 11:51 AM #1
Reputation points: 10
- Join Date
- Sep 2012
- Posts
- 2
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.
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10-17-2012, 12:18 PM #2
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.
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12-18-2017, 03:07 PM #3
Reputation points: 2794
- Join Date
- Oct 2017
- Posts
- 22
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
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12-18-2017, 03:23 PM #4Disclaimer
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12-18-2017, 04:26 PM #5
Reputation points: 1153
- Join Date
- May 2017
- Posts
- 22
AA
Last edited by Mr. Amilli; 12-19-2017 at 02:07 PM.
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12-18-2017, 04:54 PM #6Karen37aGuest
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12-18-2017, 05:04 PM #7
Reputation points: 1153
- Join Date
- May 2017
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- 22
AA
Last edited by Mr. Amilli; 12-19-2017 at 02:11 PM.
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12-18-2017, 05:10 PM #8Karen37aGuest