Anyone here know what the difference between their loan v. MCA product now is? I would think the loan would be a LOC or something like that but press release says "term loan."

Does anyone know if what they are now offering in the MCA v. Term loan has a real functional difference? Or perhaps the split/lockbox is structured as an MCA and the ACH program as a term loan?

Only other thought is that besides Varadero there is another credit facility still open to them but it only accepts either a loan structure or an MCA structure to be fed into it and Varadero only wants the other.