[fundmonster]

We all know MCA's has a short shelf life ahead... wheres everyone going after this product becomes obsolete and Amazon and the rest of big 'tech' companies take over?

[ryan $]

Lol

[Lmonus]

MCA isnt going anywhere - But some firms might get crushed in the changes that are to come. Those who do right, will be alright.

[dfite]

MCA isnt going anywhere - But some firms might get crushed in the changes that are to come. Those who do right, will be alright.

The companies that are already trying to jump ship will die out. The ones who are digging in will be fine

[mcaguru]

We all know MCA's has a short shelf life ahead... wheres everyone going after this product becomes obsolete and Amazon and the rest of big 'tech' companies take over?

I got involved in MCA in 2005 --at that point most of the guys i was rolling with (many who are now at the helm of the industry) all kept hearing we got a year or two left before it will be done..... I think this will be going on for another 100 years....I will tell you this when Credit cards started many of the people believed it will be short lived the defults will be high most people will be at maxxx usage quickly and stay in that position and it will create the concept of American Debt and NO GOOD will come from it ...it was said that it will RAIN-RUIN ON America! ... welll ....

[mcaguru]

MCA isnt going anywhere - But some firms might get crushed in the changes that are to come. Those who do right, will be alright.

I Agree ! I also think a bad economy can really take down a few houses ..2008 took a few down!...certain industries like restaurants get crushed during a recession first item people cut is going out to eat. (not talking fast-fast-food joints).

[fundmonster]

I got involved in MCA in 2005 --at that point most of the guys i was rolling with (many who are now at the helm of the industry) all kept hearing we got a year or two left before it will be done..... I think this will be going on for another 100 years....I will tell you this when Credit cards started many of the people believed it will be short lived the defults will be high most people will be at maxxx usage quickly and stay in that position and it will create the concept of American Debt and NO GOOD will come from it ...it was said that it will RAIN-RUIN ON America! ... welll ....

this is true... do you think lenders will scale back commissions bc of default rates and the ban on COJs or do you think that will stay consistent as well? see thats my real question... i know the MCAs will continue to exist.. will the rips still be the same?

[WestCoastFunding]

this is true... do you think lenders will scale back commissions bc of default rates and the ban on COJs or do you think that will stay consistent as well? see thats my real question... i know the MCAs will continue to exist.. will the rips still be the same?

Most of the 3+ position guys will go out of business. Strong companies like YSC and the troll from Florida’s company will do just fine. But as the super high-risk stackers disappear, so will many brokers who rely on those types of deals (20-40 days, 1.49s with 10-20% fees).

[jfeinberg]

www.equipmentbrokerschool.com online training platform that will teach you the entire trade of the equipment finance industry. Starts August 1st!

[mcaguru]

equipment finance industry is very powerful as the yhave been around for many decades --seems like for every 1 direct MCA funder i can name 15 equipment leasing firms!

[mcaguru]

Most of the 3+ position guys will go out of business. Strong companies like YSC and the troll from Florida’s company will do just fine. But as the super high-risk stackers disappear, so will many brokers who rely on those types of deals (20-40 days, 1.49s with 10-20% fees).

Thanks for the shout-out... you are a great mood booster you may get sued by the big pharma as you are competing (and winning!) over those same neurons!!

[Michael I]

equipment finance industry is very powerful as the yhave been around for many decades --seems like for every 1 direct MCA funder i can name 15 equipment leasing firms!

by broker fair i meant a bunch of equipment finance guys that wanted to get into our space as they felt theirs has no future .

[Kevin Henry-Seacoast]

Those advisors that put their customers first and know how to finance every aspect of their balance sheet will do just fine. Those that funders/lenders/factors that have financed deals using their heads with great relationships with their customers and referral partners will do just fine. Those funder/lenders/factors that are financially strong with great teams will do just fine.

[mcaguru]

Those advisors that put their customers first and know how to finance every aspect of their balance sheet will do just fine. Those that funders/lenders/factors that have financed deals using their heads with great relationships with their customers and referral partners will do just fine. Those funder/lenders/factors that are financially strong with great teams will do just fine.

My point is not that they wont do fine --My point was that MCA Funding is still in its infancy stages!!

[Kevin Henry-Seacoast]

My point is not that they wont do fine --My point was that MCA Funding is still in its infancy stages!!

If we have another downturn most will get wiped out along with some other alternative lenders/funders.

The next downturn is not a matter of if....it's when. When it happens will be much uglier than 2008.

[mcaguru]

If we have another downturn most will get wiped out along with some other alternative lenders/funders.

The next downturn is not a matter of if....it's when. When it happens will be much uglier than 2008.

Dont leasing companies take a Pizza Oven get merchant to sign on a $500.00 monthly payment for 60 months and then pay the oven manufacturer 21K and buy the note ...knowing/hoping the pizzashop makes the payments as they are in the neg. for 42 months and they banking on the ability to collect till month 60. because between me and and the wall behind me that oven is not worth 10K at month 9...am i wrong... ? and should there be a recession the nots they are holding are good for when you paint a wooden chair its good to cover the floor from getting paint on it...