[mcaguru]

Not going to mention their name, but received an email from one big money high risk funder saying they’ve paused funding for time being until things shake out with the coronavirus.

Don't say their name but if they sending out Emails it does not look like they hiding this pause. (Vs a situation were you say an UW privately told you that they are stopping to fund for a while).

[WestCoastFunding]

Don't say their name but if they sending out Emails it does not look like they hiding this pause. (Vs a situation were you say an UW privately told you that they are stopping to fund for a while).

Actually the term they used was “tightening up guidelines” — which I’ve received emails from a bunch of funders saying that. When I called them they said straight up that they stopped altogether for time being.

[HFHBrooklyn]

We have received requests already from several merchants for reduced payments, which we have honored, due to their sales declines.
Washington State the most.
We have also adjusted our UW criteria.
But there will be much opportunity once this epidemic slows down.
Lets hope we all can weather this situation.
Stay strong !!!!

[abfunders]

We have received requests already from several merchants for reduced payments, which we have honored, due to their sales declines.
Washington State the most.
We have also adjusted our UW criteria.
But there will be much opportunity once this epidemic slows down.
Lets hope we all can weather this situation.
Stay strong !!!!

How do we ensure that the merchants aren't penalized for this? Is it time for a new thread?

Ideas off the top of my head:
- List of funders who are doing things honestly by reducing payments because of COVID-19
- Give all merchants who are given this relief letters from the funders WHEN they reduce the payments, and a letter after they return to normal stating that they were in good terms the entire time (both are needed, BTW)

[RickyR3712]

How do we ensure that the merchants aren't penalized for this? Is it time for a new thread?

Ideas off the top of my head:
- List of funders who are doing things honestly by reducing payments because of COVID-19
- Give all merchants who are given this relief letters from the funders WHEN they reduce the payments, and a letter after they return to normal stating that they were in good terms the entire time (both are needed, BTW)

all mca contracts have a specified percentage in the contract that they can use and i for one am making sure my merchants getting hurt know that and they is no need to default. If a funder will not honor it,i will 100% blast them on here and help my merchant out