We FUND MCA Funders
Need a Funder or Vendor? START HERE

Results 1 to 5 of 5
  1. #1

    We FUND MCA Funders

    Banana Exchange has exclusive financing for MCA Funding Companies. We FUND MCA Funders!

    If you are the owner of your Funding Company and want to fund more of your deals, we can help! Our funding is based off of your current and future receivables (your RTR Portfolio). No personal guarantees are needed and we don't need to see your financials! Our funding is secure and our professional management team has over 30 years of factoring experience with a focus on MCA. In other words - We know what MCA Funders need!

    Our program was created to help those who want to grow their funding portfolio without jumping through hoops. We are celebrating our first year of funding and want to celebrate by offering rates as low as 15% with 12 monthly payments.

    Banana Exchange provides funding and the monitoring of the pledged RTR Accounts (either part, or all of your portfolio- you decide!) There is no switching platforms or changing providers with funding and our application and underwriting can have your Company funded within 10 business days. It's that simple!

    Let us be a FACTOR in your success

    info@bananaexchange.com

  2. #2
    Senior Member Reputation points: 20465 Fundyman's Avatar
    Join Date
    Dec 2013
    Posts
    713

    I'm still shocked nobody has went in on this at allllllllllll since August...

  3. #3
    Senior Member Reputation points: 97075
    Join Date
    Jun 2015
    Posts
    754

    They charge 15% on the funded amount, which is more than 30% APR.. they also fund against 50% of your portfolio, and secure the RTR through a third party service.. It's a great business model for them (since they are making an almost guaranteed 30% annually) but not a great product for funders. (hence why no one really uses them)..

  4. #4
    Senior Member Reputation points: 305505
    Join Date
    Jun 2015
    Posts
    3,319

    Quote Originally Posted by SmartAdvanced View Post
    They charge 15% on the funded amount, which is more than 30% APR.. they also fund against 50% of your portfolio, and secure the RTR through a third party service.. It's a great business model for them (since they are making an almost guaranteed 30% annually) but not a great product for funders. (hence why no one really uses them)..
    wow that will be nearly impossible to be profitable . 15% to them 12% to iso paying staff and accounting for defaults how can this make sense to anyone . 15% a year where you can flip the money a couple of times can work but not per deal

  5. #5
    Veteran Reputation points: 135672 Chambo's Avatar
    Join Date
    Sep 2012
    Location
    New York City
    Posts
    3,187

    Quote Originally Posted by Michael I View Post
    wow that will be nearly impossible to be profitable . 15% to them 12% to iso paying staff and accounting for defaults how can this make sense to anyone . 15% a year where you can flip the money a couple of times can work but not per deal
    Obviously not meant to be used as a line, but more a short term boost. Ain't no different than a 3rd pos 1.50 @ 40 days

Similar Threads

  1. Replies: 8
    Last Post: 06-12-2018, 11:43 AM
  2. Replies: 1
    Last Post: 01-25-2018, 09:59 AM
  3. Question.. Do funders really fund million dollar deals?
    By wallerbusiness in forum Merchant Cash Advance
    Replies: 21
    Last Post: 07-05-2017, 01:35 PM
  4. Replies: 2
    Last Post: 12-08-2016, 01:55 PM
  5. Replies: 18
    Last Post: 05-26-2016, 12:26 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
  •  


INDUSTRY ANNOUNCEMENTS

Pipe secures $100M credit facility
Cloudsquare: 14 new lender APIs
FundKite survey finds 77%


DIRECTORY