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I can only speak for HFH.
Are we still funding, absolutely!
What are we funding? Anything that is deemed "Essential" regardless of State.
Now having said all this, sure we have had to dramatically tighten up are guidelines and funding amounts.
What seems to be working is approving merchants between 20 to 30% of what we would normally would approve them for but for no more than 35 days. This may sound extreme, but our product has always been on the higher risk side.
But at least we are getting some cash out to them.
During these uncharted times for our industry we need to meet the needs of our merchants as well as our own company's financial security.
We appreciate all of our ISO's who have been sending in deals and your understanding as to what our limits are.
Keep them coming and please feel free to sign up with us.
Please be safe !!!
https://www.hfhcapitalfunding.com/partner
Are we still funding, absolutely!
What are we funding? Anything that is deemed "Essential" regardless of State.
Now having said all this, sure we have had to dramatically tighten up are guidelines and funding amounts.
What seems to be working is approving merchants between 20 to 30% of what we would normally would approve them for but for no more than 35 days. This may sound extreme, but our product has always been on the higher risk side.
But at least we are getting some cash out to them.
During these uncharted times for our industry we need to meet the needs of our merchants as well as our own company's financial security.
We appreciate all of our ISO's who have been sending in deals and your understanding as to what our limits are.
Keep them coming and please feel free to sign up with us.
Please be safe !!!
https://www.hfhcapitalfunding.com/partner
