[Tim]

Is this a counter-cyclical business where tight credit markets create opportunity for MCA?

[Chambo]

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

[J.Celifarco]

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

[MCNetwork]

How will the MCA industry perform when the 2015 bubble pops?

[Joseph Esparza]

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."

[Chambo]

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 scheme