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01-19-2017, 09:53 PM #1
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- Join Date
- Jul 2016
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- New York City
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Renewal Protocol when your move ISO's
Hello everyone.
I have protocol question?
I secured a 6 month MCA for a merchant in the summer. I have since moved ISO's. The loan is 90% paid and the merchant wants me to secure another round of MCA for them.
Is it protocol to go back to the same lender and renew with them even though I'm at a different shop now?
Can the lender only renew a the deal with the merchant via the previous ISO?
Should I avoid the original lender altogether?
Questions and comments welcome.
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