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01-04-2016, 12:58 PM #10
Ben, the only thing I can think of with the additional $5-20/day you saw there is that the broker sent out his own mini-agreement to the merchant for an additional $5K, saying something like: "The max they approved you for is $25K, but I'll give you another $5K separately if you sign an agreement with me at (say $20/day)."
Either that, or the broker sets their own fee of $5K for a $70K deal, and agrees to be repaid that fee in daily increments instead of a lump sum, so as to alleviate the feeling of $5K just coming out of the account right after the merchant got funded, when they needed every penny of that money.
Who knows what's going on in the industry these days???
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