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04-22-2014, 10:44 AM #1
- Join Date
- Sep 2012
- Posts
- 199
There are 2 types of stacking.
One where a merchant has a longer term advance/loan and doesn't qualify for a renewal but needs a quick shot of cash for a specific purpose. And they can afford it.
The second is the banged up cash flow biz who really can't afford it takes a stack. Has a hard time after a month or 2 and takes another stack to keep the boat floating. Then has the same problem again and gets a 3rd. If they still manage to keep enough positive balances they may even take a 4th. Then it all goes to hell.
Which one is more prevalent? There's a clear winner from what I see day in day out.