Quote Originally Posted by abfunders View Post
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