CAN offering 'BOTH' Term Loans and MCAs in all 50 states?
Need a Funder or Vendor? START HERE

Results 1 to 7 of 7

Threaded View

  1. 07-07-2017, 12:25 PM #4
    MCNetwork
    MCNetwork is offline
    Senior Member Reputation points: 99426
    Join Date
    Sep 2012
    Location
    New York, NY
    Posts
    1,780

    Term loans have a fixed term and can only be issued by licensed lenders. MCAs have an open term because you're taking out a percentage of gross revenue. ACH MCAs are supposed to have a monthly true up to be a legitimate MCA but most funders don't do it. That's why On Deck's term loans look identical to ACH MCAs.
    Last edited by MCNetwork; 07-07-2017 at 12:28 PM.
    Archie Bengzon
    Jumpstart Capital
    archie@jumpstartcapital.biz
    www.jumpstartcapital.biz
    Reply With Quote Reply With Quote
« Previous Thread | Next Thread »

Similar Threads

  1. QuarterSpot is now offering loans up to $200,000!
    By samantha@quarterspot in forum Merchant Cash Advance
    Replies: 4
    Last Post: 05-23-2017, 11:03 AM
  2. OnDeck Launches An Industry First: OnDeck Term 24, A New Loan Product Offering Amount
    By isaacdstern in forum Merchant Cash Advance
    Replies: 9
    Last Post: 05-04-2016, 10:58 AM
  3. Need a lender that does MCAs for only 2 months of revenues
    By helpinghand in forum Deal Bin
    Replies: 9
    Last Post: 03-01-2016, 11:55 AM
  4. Comm.Generator Co. Sales & Service 5 States Looking for 200-300K sht term 90 days
    By Phoenix in forum Deal Bin
    Replies: 0
    Last Post: 04-16-2015, 10:51 PM
  5. 3 MCAs same company
    By 5 Year MCA Veteran in forum Merchant Cash Advance
    Replies: 3
    Last Post: 04-13-2015, 08:09 PM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

Forum Rules



INDUSTRY ANNOUNCEMENTS
Blue Owl Capital acquires Atalaya
Kansas added to disclosure service tool
FIS launches SMB digital lending

DIRECTORY