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10-15-2018, 01:28 PM #1Karen37aGuest
The real problem is the 1st positions who give 1.25 (as an example) on the first mca ...lets just say 100k to pay back 125k
50k Renewal ...plus 50k = 100k = 125k
Thats means you paid 25k to get 50k which = 1.50 50%... not 20%
Which is what Carl was saying needs to be disclosed in the other posts to meLast edited by Karen37a; 10-15-2018 at 01:31 PM.
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10-15-2018, 01:31 PM #2
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,493
I gave this a quick read. Correct me if I am incorrect, but the disclosure being discussed is for business LOANS less than $100,000.
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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10-15-2018, 01:35 PM #3Karen37aGuest
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10-15-2018, 01:38 PM #4
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10-15-2018, 01:57 PM #5
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10-15-2018, 01:58 PM #6
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10-15-2018, 02:06 PM #7
it doesnt help it means that our products would fall under this law and be required to meet the standards set forth in it.. Since an MCA by definition cant have an APR this bill would do what the original California bill would have essentially making MCA's illegal in the state of NJ
John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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10-15-2018, 02:04 PM #8
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,493
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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