Quote Originally Posted by Scott Griest View Post
I agree with Jeremy! 24 months = funding company out of business soon!
Almost as ridiculous as rapid's new program of having merchant's net only 40%. Contrary to popular opinion on this board-smart PE is avoiding this sector. Customer acquisition costs are far too prohibitive (case in point is rapid's willingness to take on this crazy risk in order to acquire customers-did they not learn anything from the last time they almost went under?). Race to bottom-mca underwriting teams have no business and/or brain power to underwrite deals >$200k and longer than 6 months. Great time to be a broker and a fully secured lender to MCA -but the equity will blow up.