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  1. 08-08-2014, 10:44 AM #1
    FUNd
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    Square MCA

    Anyone ever dealt with an existing Square MCA? Hearing getting a payoff letter and wiring info is a nightmare.
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  2. 08-08-2014, 11:19 AM #2
    channin19
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    Does Square file UCC's?
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  3. 08-08-2014, 11:57 AM #3
    FUNd
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    Quote Originally Posted by channin19 View Post
    Does Square file UCC's?
    I don't know.
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  4. 08-08-2014, 12:00 PM #4
    Sean Cash
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    Quote Originally Posted by channin19 View Post
    Does Square file UCC's?
    nope. Been there, looked into that
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  5. 08-08-2014, 12:01 PM #5
    Sean Cash
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    Quote Originally Posted by FUNd View Post
    Anyone ever dealt with an existing Square MCA? Hearing getting a payoff letter and wiring info is a nightmare.
    From what I understand, Square doesn't run UCC searches on their merchants and will stack. Their approvals are pretty much based on processing history. Not much real underwriting happens.
    Last edited by Sean Cash; 08-08-2014 at 12:05 PM.
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  6. 08-08-2014, 04:25 PM #6
    FUNd
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    Quote Originally Posted by sean bash View Post
    From what I understand, Square doesn't run UCC searches on their merchants and will stack. Their approvals are pretty much based on processing history. Not much real underwriting happens.
    They also apparently have pretty smokin' factors. We calculated the advance at a 1.17.
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  7. 08-19-2014, 09:32 AM #7
    isaacdstern
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    Square Expands Its Cash Advance Service
    http://mobile.nytimes.com/blogs/bits...ytimesbusiness
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  8. 08-19-2014, 09:41 AM #8
    fundgorilla
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    The one client I had with Square could only send me a screen shot of her online statement, and even then had low transactions so was declined. I did the right thing I guess and told her to look at a Square advance, but did not follow up.
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  9. 08-19-2014, 07:42 PM #9
    WhoisKingsley
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    Square MCA

    Square, intuit, and PayPal is not accepted in the MCA industry from what I understand. Though, I had a rep tell me they can do a lockbox with intuit... If the merch takes any of these I just always shoot for an ach
    Amanda Kingsley
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  10. 08-20-2014, 12:03 PM #10
    Chambo
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    Quote Originally Posted by AmandaSource1 View Post
    Square, intuit, and PayPal is not accepted in the MCA industry from what I understand. Though, I had a rep tell me they can do a lockbox with intuit... If the merch takes any of these I just always shoot for an ach
    Inuit, as in Quickbooks? Integrity can set up and put a split on that
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  11. 10-01-2014, 12:05 PM #11
    isaacdstern
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    Square competes with small-business lenders
    http://www.cnbc.com/id/102026029#
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  12. 10-07-2014, 01:58 AM #12
    SimplyMark
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    Square MCA

    We can split if a merchant is using Quick Books too.
    Mark S.
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    www.simplymca.com
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  13. 11-13-2014, 05:39 PM #13
    isaacdstern
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    How Square Will Disrupt the Banking Industry
    https://time.com/money/3581294/square-capital-bank/
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  14. 11-17-2014, 09:11 AM #14
    isaacdstern
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    Merchants Get PayPal, Square Loans to Ready for Holidays

    http://www.businessweek.com/news/201...y-for-holidays
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