Monthly processing volume: $457,000
Advance amount: $875,000 ( first position)
Term: 12 months/1.28
Savings realized on
Banks processing: $167,000 per month
Real estate collateral 65% Ltv ✔️
Other details: Over the life of the financing (6 months), the savings realized on the merchant processing exceeded the cost of the capital to the merchant!! There cannot be a better win-win.