[Karen37a]

As stated it isnt a loan..its an advance or fixed contract so it isnt interest because it isnt a bank.

You stated your client wants to expand his collection business? What type of business are you in that you have a "client" that does collections? You will have to enter into the business to understand all the nuances of it..

Where are you getting your 200% number from?The dd 2/3 renewals out?

So are you saying if I have a product that I sell in my business...lets just say its tshirts, or makeup from china, that I cant upsell it 200% or they regulate it?
If I am a contractor...i cant make 1 million on a bid /contract for services? Oh only money.

I am not the great advocate for multiple D paper "Loans" or advances and stacking 3/4 wide.But in the end you need to understand the default ratios and risk involved, costs of doing business.

If you were going to use 1million dollars of your own money and turn yourself into a lender , if 10-20% defaulted how much money do you have to make on the other 800 k just to break even? What about rent/ staff/ commission /payroll, assuming thats your money to lend and you do not have an investor or hedge fund who wants a return on their investment

I would think that 13% you are bankrupt..not sure.You have to keep it below 9%? I am not lending..yet
I know I wouldnt be doing this for free or to just make a "slight" profit.

The Banks are not lending for a reason..Dodd frank act and also how do you profit on low interest loans???...you dont, so you dont lend.
Ta daa I am not a stockbroker anymore nor mortgage broker because the money dried up.