[MCA]

youre kidding yourself if you think ONLY china is to blame, of course they lied and senators like RUbio were calling them out in Dec, not the president, who called it a hoax and like westcoast said that it would go away. media overhyping it was actually what most people were saying in middle of february, they were wrong

Where did the Virus start and who lied about from the get go and continues to lie about it? Let me answer that for you, China.

Our Govt always has been slow and inept, regardless of what party is in power. As someone who spent 8 years in the Military, I got to see firsthand how bad our Govt is at ****ing up almost everything they touch.

That being said, I am encouraged that we are making the right steps now and I hope we continue to do that and everyone does their own part by staying home for a couple of weeks and allow Medical facilities to help those in need and not the idiots that continue to go out and socialize when they have been told for a couple of weeks now, not to.

[WestCoastFunding]

Where did the Virus start and who lied about from the get go and continues to lie about it? Let me answer that for you, China.

Our Govt always has been slow and inept, regardless of what party is in power. As someone who spent 8 years in the Military, I got to see firsthand how bad our Govt is at ****ing up almost everything they touch.

That being said, I am encouraged that we are making the right steps now and I hope we continue to do that and everyone does their own part by staying home for a couple of weeks and allow Medical facilities to help those in need and not the idiots that continue to go out and socialize when they have been told for a couple of weeks now, not to.

Who gives a **** where it started. What matters is how the president of the US wen't about protecting Americans. And he didn't do ****. He downplayed it for two months, until, finally, last week started to take it seriously. Before that he blamed the ****ing news media for hyping it -- while completely ignoring the infectious disease control experts.

And we aren't taking the right steps. The states are asking him to deploy the Army Corps of engineers to help build facilities, but they said yesterday they haven't been deployed because they are waiting for orders. When the **** is he going to get around to providing orders? Our ICU beds are at 92% capacity, and we haven't come close to seeing the worst. But he seems more concerned with trying to keep a drunk stock market inebriated, trying to give them one last drink after another, and praising his own response (saying this morning on Twitter that he's done a great job). He hasn't. He's done a **** job. He didn't even acknowledge reality until last week -- and by that time it was way to late.

We don't have tests. We don't have beds. We don't have respirators. We don't have basic supplies. But what we do have is him pushing bailouts to ****ing hotels like his own, airlines, oil companies and the likes, while also pushing payroll tax cuts (that won't do **** for anyone who lost a job).

So who gives a **** where it started. What matters is his response to the crisis. He failed.

[fundingsmbs]

2008 was a bloodbath all around, but, specific to this industry, it caused massive disruption in funding and took years to recover and the wake left many brokers and funders to close their doors. especially funders who were over advancing customers to begin with. record # of bks came in as well from business owners. the fed and state levels are going to have to bail out america this time as well. the big question here is will we be able to curve the spike of infections and flatten this disaster with isolation. i would call each funder you have a portfolio with and monitor your renewals/tops ups very carefully

[jfeinberg]

I have been saying it for a long time. Get into the Equipment Finance space. I started in the industry in the beginning of 09'. It is a very stable long term product to offer.

[mcaguru]

Sean is correct.... when this is over and done with (well it will never be done with the Flu season in 2019 infected 36-51 Million Americans creating 370,000 – 670,000
flu hospitalizations and (while no one ever was really talking about it actually caused 22,000 – 55,000 flu deaths -FACT). Forces will try to come in and continue coming after the Fintech&MCA Funders and hopefully we will be able to demonstrate that while the world seemed to be on fire and the markets falling 50% the MCA WORLD rolled up their sleeves and tried to still fund american merchants.

[fundingsmbs]

yes but you cant fund business that is closed or experiencing a decrease in sales with a fixed repayment model. mca's arent designed to bail out smbs in a recession. the repayment structure and short terms do not help during crisis. i would bet anyone is is applying now is doing so out of fear of what will happen if this continues long term and has no desire to repay the debt back. this is why ODC stock is .88 right now. also, any contracts that are purchase/sale, merchants can exercise their rights to modify payments. but, the charter bank contracts do not allow this contractually, i think.

[mcaguru]

yes but you cant fund business that is closed or experiencing a decrease in sales with a fixed repayment model. mca's arent designed to bail out smbs in a recession. the repayment structure and short terms do not help during crisis. i would bet anyone is is applying now is doing so out of fear of what will happen if this continues long term and has no desire to repay the debt back. this is why ODC stock is .88 right now. also, any contracts that are purchase/sale, merchants can exercise their rights to modify payments. but, the charter bank contracts do not allow this contractually, i think.

OMG its 0.75 Cents. ENVA is down 33% (great company!) Newtek (another GREAT company also down) but they are big time in SBA and perhaps will make a fortune next year or so as they are the largest non bank SBA player in the country...

--- in a year people would be like i could have should have... but thats why the risk takers now stand to make fortune.

[fundingsmbs]

def if you have the capital, buy stock now if you believe it will turn around!

[Shorebird]

Ondeck stock cheaper than a pack of gum?

Wow!

[fundingsmbs]

https://www.macroaxis.com/invest/rat...-Of-Bankruptcy

[WestCoastFunding]

When this is all over, any 1st position A-paper guys will be in good shape because there won’t be any stackers left.

[Michael I]

When this is all over, any 1st position A-paper guys will be in good shape because there won’t be any stackers left.

old ones out new ones will appear

[Kevin Henry-Seacoast]

Trades below $1 for 30 consecutive days....risks being delisted by the NYSE.

[mcaguru]

When this is all over, any 1st position A-paper guys will be in good shape because there won’t be any stackers left.

Thousands of years ago you had different tiers of people deploying capital -- you had some groups giving capital to the kings men and some to major merchants and some that went to little villages and gave Blacksmiths capital -- this will never change unless we all cease to exist (which odds at least on an imaginary level went up last few days -- is it so impossible for a new kind of Virus that destroys heart pop up one day ? ).

[Kevin Henry-Seacoast]

Are you still going to be paying double digit commissions when there is double digit unemployment?

[WestCoastFunding]

Ondeck stock cheaper than a pack of gum?

Wow!

Have they had one of their lines pulled? They’ve been really strange with offers for a while (at least that I noticed).

[Jess]

When this is all over, any 1st position A-paper guys will be in good shape because there won’t be any stackers left.

Ya think? Stackers typically have shorter durations and will take less of a hit. Borrowing base restrictions are going to have material impact on A paper folks. 1st position won’t save you if the business closes.

[WestCoastFunding]

Underwriting was much tighter, 95% splits, low average ticket, high number of transactions average deal 6 months at 1.42. Portfolio had a 17% default rate. Now, less stringent underwriting, high dollar ticket, less transactions, longer duration, ACH, weekly or monthly payments and massive amounts of stacking. Completely different-most importantly, most merchant were still open but sales were lower. Many businesses that close for shut downs will NOT reopen. 30%+ default rates likely.

It’s not so much the duration, but the stackers access to capital themselves. Can’t imagine it will be easy for those guys to access a line for while even after this all shakes-out.

[skideeppow]

Blaming the Chinese for our own government's failures doesn't cut it. We refused the WHO tests because the Trump administration wanted the CDC to create their own tests so we could say they were "Made in America". The CDC tests ended up being an abject failure. All while Trump himself was telling us that "anyone that wants to get tested can get tested".

I am an emt, in the entire state of CO, as of last friday we were limited to 180 test state wide. Think about that. The backlog for processing the tests is over a week. We are no upto 250 test a day. This is an abject failure. And our government is to blame.
I was in this industry in 2008 and i could still get deals done across the board. Not now. I have restaurants calling me and there is nothing i can do. Mantis funded one of them yesterday but i am sure the ones i have now will not get anything. I am in a world of hurt.

[mcaguru]

I am an emt, in the entire state of CO, as of last friday we were limited to 180 test state wide. Think about that. The backlog for processing the tests is over a week. We are no upto 250 test a day. This is an abject failure. And our government is to blame.
I was in this industry in 2008 and i could still get deals done across the board. Not now. I have restaurants calling me and there is nothing i can do. Mantis funded one of them yesterday but i am sure the ones i have now will not get anything. I am in a world of hurt.

well most states were banning Plastic Bags last few years --they were focusing on saving great grandchildren from burning sun but forgot to learn lessons from swineflu/mers/sars and order 1m Ventilators

[HDF]

well most states were banning Plastic Bags last few years --they were focusing on saving great grandchildren from burning sun but forgot to learn lessons from swineflu/mers/sars and order 1m Ventilators

well most brokers were banning *sending files to other brokers* -- they were focusing on saving *commissions and pirated files* but forgot to learn lessons from *entrust/bfs/cresthill/mantis & funders with sales floors* and lost 1m *files commissions and renewals*

[WestCoastFunding]

well most states were banning Plastic Bags last few years --they were focusing on saving great grandchildren from burning sun but forgot to learn lessons from swineflu/mers/sars and order 1m Ventilators

Maybe we should look at this guy: https://www.youtube.com/watch?v=ch7_t2Ri2Zg