Quote Originally Posted by Increment1 View Post
I have a client who needs very short term financing on a regular basis. Is there anyone out there that does this type of financing?
Yes. What you can do is request an early payoff discount before the offer is accepted. You should receive a table listing the amount of time vs. the payoff from 1 month and so on. I know for sure Quarterspot does this because I've had many files that requested payment information if they were to payoff in 3 months instead of their original payment term of 15 months. I always have my Merchants chose the term that will make their daily/weekly payment comfortable and show the options to payoff early and/or when they can get additional funds/renewal. If they do pay off- they know they can always do the same again with QS on their own time when they need it and QS sends me over an email letting me know. I have a good handful of files that have been doing this for about 2 years with them.