[dpFund]

So P&L's are required for the initial submission? You're probably the only MCA funder that asks for that upfront. And instead of declining a merchant if they don't qualify for the desired amount, why don't you approve them for a lower amount instead? It's the broker's job to manage the merchant's expectations and sell the lower approval amount.

That's just it. I am not a MCA funder. :-)

And yes, if a client does not qualify for the requested amount, we absolutely recommend the lower amount they will qualify for.

The challenge is, most of the files I get have existing cash advances and I do not stack. I need to pay off all the cash advances or none of them. So if a client will not qualify for the total amount of cash advance balances, we let the broker know what the balances need to be at in order to prequalify for funding.

Hope this helps.