With that MCA logic Invoice Factoring could be considered Asset Based Lending where the Accounts Receivable or Invoice is the Asset. While I realize that line of thinking would be incorrect, I also realize that MCAs arent Loans...which the Courts in many States have already supported. Thats why they have been legal for most of the last couple of decades. Then again...when I gave money to a friend to bail him out of a tough spot...he insisted it was a loan! Just goes to show...its often a matter of perception! lol