Results 1 to 6 of 6
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02-09-2020, 05:37 AM #1
- Join Date
- Jun 2019
- Posts
- 3
MCA provider? Get capital from us and increase your RTR
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02-09-2020, 11:19 AM #2
- Join Date
- Jun 2015
- Posts
- 754
Banana with a touch of strawberry! Wow so nice!
But seriously guys, you really think that MCA funders will take this ad seriously? Your talking to us as if we’re some dumb monkey heads that are going to take money from a company that charges 50% APR and doesn’t even give anything remotely close to what MCA funders need (like who would take such expensive money, and tie up their RTR, tie up everything, for only 30% of whatever they have outstanding?.. what a stupid program!)
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02-09-2020, 10:50 PM #3
- Join Date
- Oct 2013
- Location
- Designer
- Posts
- 569
Not sure where you’re getting 50% from, it’s 1.15 annual, but if you’ve seen a different number, I’d like to see it.
Nothing gets tied up, the lender who receives the capital pays back on their own volition, making the monthly payment themselves, usually by sending a wire, there’s no auto debit. The lender collects from the merchants directly as they do before.
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02-10-2020, 03:21 PM #4
- Join Date
- Jun 2017
- Posts
- 2,051
Even if it was 50% APR.....
You could turn a Profit. If you take the money and MAX Out your term at 80 Days and do 1.50's.
You would be Making 150%, Paying them back 50% and Banking 100% For yourself.
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02-10-2020, 03:28 PM #5
- Join Date
- Oct 2016
- Posts
- 4,319
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07-17-2021, 03:21 AM #6
- Join Date
- Aug 2020
- Posts
- 5
This is a bit of an old thread, however I'm from Banana Exchange so can answer formally.
Our main funding program is has a 1.15 rate for 12 months, which is around 30% IRR. We have another program at around 27%. Sure, if you're big enough to attract hedge fund money, you'd get a better deal there. But most MCAs don't. An MCA's IRR, including defaults, can easily exceed 200-300% just to put our 30% into perspective. Almost all MCAs that work with us have seen major growth. We have an MCA profit calculator on our website that demonstrates this exactly.
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