[WestCoastFunding]

We target MCAs because more than a majority of the time they are unsustainable financing products and without renewals and new money, and even after that, the business cannot sustain the payments. The businesses need a new amortization to survive/thrive and get their equity back and the merchant cash companies normally want to get out of an over-leveraged stack anyway. Its an easy case for a refinance and everyone wins in our transactions.

Wait a minute, so rather than use this 24 month term loan product to market to good businesses who can’t access capital because there aren’t options available, you chose to market to companies that are higher-risk — all because you want to do your civic duty and help them?

If you did have investors, wouldn’t they think this plan is bat****crazy? What investor would say, “bypass the strongest customers that would pay this same rate and, instead, focus on the weakest customers who have a history of adding subordinated high interest debt that puts the original facility in jeopardy”.

Really doesn’t make any sense to me.