Have a merchant that in all my years doing this this is the first time i experienced something like this. I am in complete shock.
I sent the merchant an email asking for an update on the contract i sent him and this was his response.
"Michael,
My lawyer is currently reviewing the contract and fine print.I only plan on paying back the principal plus 10% so i just want to make sure there is no personal guarantee.In the meantime please see attached all the other stipulation that you asked for.
How quick is the processes once i sign?
Thank you for all your time and patience! "


I am lost for words on what to even respond back, this contract was for a first position paying off the current lender that he has a balance with.