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Mitchell 1st Mile

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scotchdwh Newbie

scotchdwh

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Posted

Be aware that they do expect the owner to sign a personal guarantee.  Depending on your legal set up and future plans for business transfer, this may or may not matter.

I refused and that was the end of the application process.  My current and previous processors both laughed at the request.  I have a better rate now than 1st mile was offering even with the guarantee.

xrac Grand Master

xrac

Posted
Posted
1 hour ago, scotchdwh said:

Be aware that they do expect the owner to sign a personal guarantee.  Depending on your legal set up and future plans for business transfer, this may or may not matter.

I refused and that was the end of the application process.  My current and previous processors both laughed at the request.  I have a better rate now than 1st mile was offering even with the guarantee.

Mitchell always want you to sign a contract and then hold your feet to the fire. NOTHING MITCHELL EVER for me unless they are the last compaynon earth. 

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