That is what happened to me. I got a $85,000 loan to buy out Happy Valley Ranch Cider Presses. As expected, my sales took off. So PP put a 7-day hold after certain monthly levels of sales. Now, they put a hold for 7-days, but PPWC took their 15% out immediately which caused a negative cash flow. It didn't cause a negative balance because we had large cash reserves. But we did have to be careful of parts we were buying toward the end of the month. Nevertheless, we paid off the $85,000 in 248 days. So, we got a PPWC loan to increase sales. We increased sales so PP put a hold on immediate access to our funds which didn't cause us any financial distress on top of PPWC causing a negative cash flow. Yet, we were denied another loan because we took full advantage of the loan that cause sales to explode. PP has now taken off the monthly limits but PPWC still denies us another advance. The thing is PPWC has direct access to our account yet they charge fees that would shame a loan shark. Frankly, I don't mind the fees because it is cheaper than bringing in a partner. PPWC appears to be doing fine without us and we're doing fine without them so I guess we all live happily ever after.
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