Results 1 to 25 of 77
Threaded View
-
10-05-2016, 02:52 PM #11
Reputation points: 679
- Join Date
- Oct 2016
- Posts
- 25
I can see how that would play out. "The True cost of capital on this is advance will be 325%, closer to 400% if you throw in the junk fees. That's at a factor rate of 1.45 over 3 months, meaning you repay us $1.45 on the dollar. So we're extending $20,000 to you and you repay us back $29,000 in less than half a ye... Hello? Hello?"
I would be surprised if ya'll covered anything other than amount funded, daily payment, and term.
Similar Threads
-
Non performing notes avail...
By Jstarr in forum All Other LendingReplies: 0Last Post: 03-03-2016, 12:54 PM -
NACLB Conference in Vegas
By JCC in forum Business LoansReplies: 4Last Post: 04-03-2015, 07:26 AM -
Lend360 Conference
By Sean Cash in forum Merchant Cash AdvanceReplies: 22Last Post: 10-21-2014, 03:35 PM -
SEAA Conference- This Week
By 1StopFunding in forum Merchant Cash AdvanceReplies: 0Last Post: 03-24-2014, 12:37 PM -
First Data offering $250 million senior secured notes
By Capital Stack in forum Payment ProcessingReplies: 3Last Post: 10-23-2012, 12:58 PM