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02-16-2020, 12:28 AM #3
- Join Date
- Sep 2019
- Posts
- 402
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.
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