To claim that this industry is dead is basically saying that the economy will never recover and we're all ****ed IMO. I doubt this is the case.

Obtaining traditional bank loans will still have stricter guidelines than MCA, which makes room for alternative/specialty finance companies, MCA included. Given this whole shake up, I think (at least in the short to medium term) funders with strong UW teams will survive and capture market share. These are funders that thoroughly analyze macro/micro level impacts of the pandemic per specific verticals and can adjust their guidelines just enough to 1) protect themselves and 2) allow enough approvals for ISOs to make money and not deem brokering a waste of time.

The funders that just look to stack behind a funder with actual UW will come back, but not until they see movement from the real funders