So we have seen virtually all the funders from Advanceme down bring on loan products with fixed daily repays. After so many years of marketing "We are not a loan" and teaching ISO's not even dare mention the word, we have seen an onslaught of loan products enter the cash advance space with On Deck really showing the public this product was needed. What comments from folks caused this trend? Did the MCA industry really meet its maturity stage after 14 years? Is real growth taking place not with cash advances, but with loan/ach products? Most folks seem to say YES. What does this mean for the cash advance industry? Will funding simply migrate to short term loans vs advances in the next few years? (take revenue advances, fixed daily ach, bank only all to indicate the trend of growth)- Renewals- keep this data out of GROWTH trends and comment on new fundings per mo across the board-