Quote Originally Posted by fundingsmbs View Post
Some funders use the smart box contracts that breakdown APR. Has anyone lost any deals using these contracts?
How is that legal? There is NOT an APR on an MCA. Can't have it both ways. Either you've structured it as a loan or you've structured it as an advance of future receivables. If you don't make it contractually clear that its an advance, then you risk being sued and it being ruled as a loan. If there's an APR, that is a loan quality.