[abfunders]

It will only end when the funders/lenders who have no-stacking agreements will sue other lenders/funders brokers for tortuous interference.

If it happens in the MCA industry, that will make them more vicious than the banks with their SBAs that there's probably not a single person on this board that hasn't stacked on top.

[Ktolbert85]

It will only end when the funders/lenders who have no-stacking agreements will sue other lenders/funders brokers for tortuous interference.

If it happens in the MCA industry, that will make them more vicious than the banks with their SBAs that there's probably not a single person on this board that hasn't stacked on top.

Why sue the lenders and not the borrowers? The borrower is the one under contract and is breaching the contract by stacking.

[J.Celifarco]

Why sue the lenders and not the borrowers? The borrower is the one under contract and is breaching the contract by stacking.

because the bank is facilitating it. Its both parties that would be subject to a lawsuit if anyone ever decided to really start suing for this

[StipMeBabyOneMoreTime]

Why sue the lenders and not the borrowers? The borrower is the one under contract and is breaching the contract by stacking.

It's more cost effective and sends a bigger message if you can scare away the competition. Letting the market know you're serious means you get more bang for your litigation buck.

[WestCoastFunding]

It's more cost effective and sends a bigger message if you can scare away the competition. Letting the market know you're serious means you get more bang for your litigation buck.

This is true. Although, this strategy didn't save Dealstruck from collapsing.

[Karen37a]

This is true. Although, this strategy didn't save Dealstruck from collapsing.

I thought they couldnt raise 3 million in investment capital for new advances?

I wont laugh

[WestCoastFunding]

I thought they couldnt raise 3 million in investment capital for new advances?

I wont laugh

Their problem was taking merchants with multiple cash advances, and refinancing them into 3 year term loans — thinking the merchant would never stack them again.

[Karen37a]

Their problem was taking merchants with multiple cash advances, and refinancing them into 3 year term loans — thinking the merchant would never stack them again.

Almost all of my merchants dont stack me again ...they made the wrong choices because you cant just be book smart in Finance. You must be street smart as well and not fall for someones bs.

You cant just learn as you go with other peoples money...make your bones.