[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.