[MCNetwork]

CAN Capital, now MCC, this industry is and always will be a 60/80 payment schedule, factored at a 1.45 paying out 8 percent to staff and knowing, full well, that 100 funded deals 8-12 of them will default, the other 88 deals will create profits. Facts.

This is the high risk model for C/D paper. And the default rate is probably closer to 20%, not anywhere near 8-12%. There will always be a market for lower rate, longer term advances. They just need to be underwritten properly. Three month 1.45's hurt more merchants than they help which is why I don't peddle those deals.

[Han Solo]

This is the high risk model for C/D paper. And the default rate is probably closer to 20%, not anywhere near 8-12%. There will always be a market for lower rate, longer term advances. They just need to be underwritten properly. Three month 1.45's hurt more merchants than they help which is why I don't peddle those deals.

the deals usually get underwritten properly when was the last time you funded a deal as it was originally underwritten?

[MCNetwork]

the deals usually get underwritten properly when was the last time you funded a deal as it was originally underwritten?

Yesterday. 90% of my deals are funded as they were originally underwritten.

[Kevin Henry-Seacoast]

Yesterday. 90% of my deals are funded as they were originally underwritten.

Nice work! I hate guys that lie or bait and switch. We are running a touch better than you guys, but we are a different animal.

[J.Celifarco]

the deals usually get underwritten properly when was the last time you funded a deal as it was originally underwritten?

with bizfi better then 90% of the time deals were funded as underwritten it is why they were always at or near the top of my list for goto funders

[MCAFunds]

This is the high risk model for C/D paper. And the default rate is probably closer to 20%, not anywhere near 8-12%. There will always be a market for lower rate, longer term advances. They just need to be underwritten properly. Three month 1.45's hurt more merchants than they help which is why I don't peddle those deals.

100% agreed. But you're talking about a very small piece of the market, which I would bet $10,000 that 60% or more of those deals are stacked, hence to show you the trend once again. You're right, default probably is closer to 20%, hence why the 60-80 payment structure works. You do not need to peddle, sell, fund, syndicate or broker any of those deals, but do me this at least, when was the last week or month you and your staff have funded 50 12 months deals vs. 50 4 month deals.

[MCNetwork]

when was the last week or month you and your staff have funded 50 12 months deals vs. 50 4 month deals.

Our average deal size is more like 6-8 months. This is because cash advances, by their nature, are intended to be a type of short term, bridge financing, not long-term debt. That's not our value proposition.