[Sean Cash]

There are already a few funders that are absolute poison to stack on because they will in fact sue you, not just make idle complaints and threats about it.

There are also quite a bit of behind the scenes settlements occurring in which stackers are writing checks for damages to the funders they stacked on.

Since it seems like everybody off the street is a funder now and half those companies are entering the space without the budget for a decent lawyer or any lawyer at all, I would highly suggest that they don't stack. Too many new entrants have been ill-advised of the risks, lack understanding of the product they're offering, and operate at their own legal and financial peril.

And similarly, I think we are seeing too many new entrants operating under the false assumption that a standard MCA is a 3 month program, that terms are fixed, that stacking is the basis for the industry, and that you can call a purchase of future receivables a loan. People that are syndicating with fly-by-night funders have no idea what they are doing and will wake up one day and realize their money is gone.

I get email and phone solicitations from funders pitching 5th to 8th position stacks. Their days are numbered.