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One thing to consider - taking six loans like this is called stacking, and is expressly forbidden in merchant contracts and on the phone when dealing with any S
by cm2012 8y ago
One thing to consider - taking six loans like this is called stacking, and is expressly forbidden in merchant contracts and on the phone when dealing with any SMB lender. In most cases the person taking the loan lies to each lender that they don't have any other loans out. It's a huge cause of defaults, and it doesn't come from borrower innocence.