[FlexibleCapitalSolutions]

Thanks for inquiring, the property has to belong to the business. Many times we will quick claim that. There is other ways to this to where we have made them sign affidavits under a cross colladderal setting. I can tell you that I have never had a issue never had a question of legality of the secured advance space. There are several companies that have products like these. Liens record similer to a HELOC but like the old personal guarantee holding the lien to protect the advance against default

wouldn't a court look at the contract as a loan since it is secured by real estate? isn't that the reason that you funders can charge what you charge as far as factor rates? Because there is no collateral other than the accounts receivables of a specific Merchant. Sounds like there may be some issues here Rick, did you check with an attorney? If you can verify that it is legal, I have a couple of clients for you.

[Rickinindy]

We can absolutely verify it is legal and no difference over a personal guarantee. I have no problem doing so and can go further and provide you with the memorandum.

There are no gray areas here. The very first line in any funding agreement shows " This is not a loan" the same way it shows in any merchant cash advance. I will have council send that over to you if you so desire. Before you would introduce my services to any of your clients I would want you to be confident and comfortable with the product we sell here. I am not new to this and have to also mention I stand on a integrity before we can go make money standpoint here.

[FlexibleCapitalSolutions]

We can absolutely verify it is legal and no difference over a personal guarantee. I have no problem doing so and can go further and provide you with the memorandum.

There are no gray areas here. The very first line in any funding agreement shows " This is not a loan" the same way it shows in any merchant cash advance. I will have council send that over to you if you so desire. Before you would introduce my services to any of your clients I would want you to be confident and comfortable with the product we sell here. I am not new to this and have to also mention I stand on a integrity before we can go make money standpoint here.

Thanks Rick, I am not questioning your integrity, I am questioning the legality of your product. I will be reaching out to you for this info. However, I would like to point out that judges have ruled certain contracts to be loans even when the contract said it's not a loan. I am afraid Real Estate Collateral may be a determining factor in this case. I would be curious to hear more about your research on this.

[abfunders]

Thanks Rick, I am not questioning your integrity, I am questioning the legality of your product. I will be reaching out to you for this info. However, I would like to point out that judges have ruled certain contracts to be loans even when the contract said it's not a loan. I am afraid Real Estate Collateral may be a determining factor in this case. I would be curious to hear more about your research on this.

WBL gets away with calling them loans and plopping a 2nd mortgage right on title, and their 2-year 1.76 factor rate is somehow still a legal loan.