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10-15-2014, 12:32 PM #1
- Join Date
- Oct 2014
- Posts
- 7
How did the MCA industry perform after the 2008 bubble popped?
Is this a counter-cyclical business where tight credit markets create opportunity for MCA?
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10-15-2014, 02:09 PM #2
things got a little tighter form a funding perspective, but the applications went through the roof. That was also the launch of the premium deals, as "higher quality" merchants who previously went to commercial banks came a calling.
This is also when the starter deals came about. 1st Merchant Funding was the first to adapt this program, I believe
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10-15-2014, 02:11 PM #3
That was a crazy time in this industry there were new programs popping up basically every day.. Before that everything was a 6 month 1.38 or a 7 month 1.43
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10-15-2014, 02:37 PM #4
- Join Date
- Sep 2012
- Location
- New York, NY
- Posts
- 1,780
How will the MCA industry perform when the 2015 bubble pops?
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10-15-2014, 03:06 PM #5
Something like..."Babe we need to list with Corcoran ASAP...,grab the kids and call ABC Carpet to see if they'll buy back the Persian Rug."
Joe EsparzaFUNDKITE"FinTech High-Risk Funding Table"joseph.e@fundkite.com | 929.999.2700x1008
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10-15-2014, 03:39 PM #6
Maybe Joseph will have to freak out like that, but just like the dot com bubble of 1999-2000 and the more recent real estate and financial bubble, those people who are doing the right business and not playing with a house of cards.....may see a dip in income, but will still be there for the long haul.
Everyone else? they'll be the lemmings off to the next apparent get rich quick schemeLast edited by Chambo; 10-15-2014 at 05:51 PM.
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