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02-25-2017, 07:44 PM #1
- Join Date
- Dec 2016
- Location
- Brooklyn N.Y.
- Posts
- 428
I have seen a lot of files that have multiple positions and are not necessarily 'over leveraged' or a 'waste of time'. Consider a car dealership that brings in 1 million+ a month, and no one is willing to offer more than $25k at a time, often the ISO will bring together multiple offers of 25k each. The merchant now has 5+ positions but the total debt is still less than 20% of its monthly sales gross.
Bottom line- if there's enough room in the daily cash flow to nicely afford another position, some funders will still offer something, even with 8 positions.
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