[J.Celifarco]

Most business are not going to be able to survive when they get to the point that 20% or more of there revenue are going to pay back advances. Most of these stacking companies are taking merchants way past a 20% gross reserve. Merchant are doomed to fail when they get to that point

[Karen37a]

Most business are not going to be able to survive when they get to the point that 20% or more of there revenue are going to pay back advances. Most of these stacking companies are taking merchants way past a 20% gross reserve. Merchant are doomed to fail when they get to that point

Sometimes you see revenue coming and a bump in gross...it depends

[J.Celifarco]

Sometimes you see revenue coming and a bump in gross...it depends

what??? gross reserve doesnt change that much from month to month that can let a merchant sustain payment that take this much of their total revenue. I dont care the industry the merchant will eventually fail or default on his positions so he has the money to run his business

[Karen37a]

what??? gross reserve doesnt change that much from month to month that can let a merchant sustain payment that take this much of their total revenue. I dont care the industry the merchant will eventually fail or default on his positions so he has the money to run his business

Some of my merchants doubled their revenue because they really used the money for expansion or marketing. Also recivables could be held up vendor payments etc.

I do not go for the clients who are drowing.Anyway I am off...not debating this

[abfunders]

what??? gross reserve doesnt change that much from month to month that can let a merchant sustain payment that take this much of their total revenue. I dont care the industry the merchant will eventually fail or default on his positions so he has the money to run his business

John, some merchants actually survive an MCA experience.
I've seen it several times. One with 4 positions, back to business as normal. One with OnDeck for a year, they got where they wanted, and started hunting for something better. Clients who have an Amazon loan and they can turn $1 into $1.50 over 3 months, so an MCA is all they have access to.

There are many people here who have re-fi'ed MCAs into something more manageable, by getting them an SBA or LOC/term-loan blend, on the tail end of a series of them, which is what I'm presently involved with on with some very large files.

[MCNetwork]

I agree with this but unfortunately these stories aren't too common. A lot of them end up going out of business. Try calling a UCC list from a few years ago and tell me how many disconnected numbers you find...

[Karen37a]

I agree with this but unfortunately these stories aren't too common. A lot of them end up going out of business. Try calling a UCC list from a few years ago and tell me how many disconnected numbers you find...

a % change the numbers from being blasted with phone calls..i think 10-15%
guessing
__

And someone else said salespeople cant do math? There is a difference between order takers and true sales people.

Not many are true sales people...they are order takers or throw **** against the wall see what sticks


Ryan my gosh are they 1k deals for 1 week? geezus


I had a staffing company with 66k a day in payments...i went to pass him off and then just hung up on him ...don't want to be involved with stupidity...that's how I met bad grandpa and realized he was a con too

[J.Celifarco]

John, some merchants actually survive an MCA experience.
I've seen it several times. One with 4 positions, back to business as normal. One with OnDeck for a year, they got where they wanted, and started hunting for something better. Clients who have an Amazon loan and they can turn $1 into $1.50 over 3 months, so an MCA is all they have access to.

There are many people here who have re-fi'ed MCAs into something more manageable, by getting them an SBA or LOC/term-loan blend, on the tail end of a series of them, which is what I'm presently involved with on with some very large files.

I 100% agree, I have tons of merchants who have taken 1 or even a first and second and used it to turn huge profits. My point is when you get to 3rds and higher positions then that in most cases, not all but most merchant is just taking position after position to stay afloat or to be able to pay the positions they have open already. I think the amount of success stories for people whop have taken excessive stacks are probably very very small