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02-23-2021, 11:51 AM #1
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- Feb 2017
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- 3,355
Merchant Capital
Any idea what lender/funder that the client claims the name is Merchant Capital would give a 100 payments that are BIWEEKLY at a 1.40 to a new auto dealer with bad credit?
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02-23-2021, 12:21 PM #2
- Join Date
- Aug 2018
- Posts
- 36
That would be a "Sell or BE SOLD" situation in my opinion.
Most likely not a real company or product
I'm signed up with 80 funders, virtually every product (traditional and alternative) you can imagine. The product THAT merchant described is nowhere in the mix....
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02-23-2021, 12:36 PM #3
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- Feb 2017
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- 3,355
I agree, and I think that it's the merchant who was not fully understanding, or it could even be the broker (who isn't an MCA broker, he does other commercial finance) that didn't understand that 100 payments was actually daily. I'm fishing on this, only because the broker who they're working with is a very reliable person.
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02-23-2021, 12:50 PM #4
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- Dec 2016
- Posts
- 379
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02-23-2021, 02:04 PM #5
- Join Date
- Aug 2018
- Posts
- 36
That'd be a losing bet there, bud
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