One of our officers met with a prospect today and she advised me that he has a full time job but also owns and operates a small bridge loan/factoring company advancing against accounts receivable. He stated that he cashes checks randomly to pay investors interest who have advanced money. The officer said the checks would be a couple thousand dollars a month, but might increase over time.
It seems unusual to me that he would pay investors with cash. Anyone have experience with this type of customer? Does this seem reasonable?
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TryingToComply
CRCM