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Designed for working capital customers who prioritize prepayment options, ESP offers qualified customers the flexibility to choose terms that allow full payoff of the net investment balance at any time during the contract. |
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BENEFITS FOR YOUR CUSTOMERS |
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Waived remaining interest at time of payoff
Exercise payoff options at any point during the contract
Quick access to funds for business growth
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HOW IT WORKS |
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ESP allows the customer to pay off the net investment balance of their loan at any point in the term
- Payoff must be the full amount
- Customer is in good standing with Channel
- Net Investment (interest forgiven) = Remaining Principal + Interest Accrued + Unaccumulated IDC (broker commission)
Qualified customers will receive an ESP approval option in addition to our standard approvals
- ESP includes shorter terms and slightly increased buy rates as compared to our standard max approvals
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ESP is also available for Business Advance customers through an Early Satisfaction option, offering savings on revenue remittances. The Early Satisfaction Amount is calculated as follows: Purchase Price + Any Accrued Costs - Remittances Made to Date. |
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MARKETING SUPPORT |
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Designed for working capital customers who prioritize prepayment options, ESP offers qualified customers the flexibility to choose terms that allow full payoff of the net investment balance at any time during the contract.
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| Toolkits will be provided in 3-5 business days after your order has been placed.
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| Content Options Available by Product Type: Standard Loan or Business Advance
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Content Options Available:
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Text-Only Email Template
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Flyer Template
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HTML Email Template
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![Plain Text Email]()
