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  1. #1
    Senior Member Reputation points: 83840
    Join Date
    Mar 2014
    Location
    Florida
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    Quote Originally Posted by gftcap86 View Post
    Korchak's company Primary Capital sued a merchant on this very day (literally today) over a contract with a 1.42 factor rate and then assessed additional fees making the total factor rate charged to the merchant 1.93: https://iapps.courts.state.ny.us/nys...UUcU/NiivC1w==

    Look forward to hearing all about this absolute ridiculous hypocrisy in your next show "homie"
    The Complaint Filed states "Interest" that would indicate it was a loan, not an MCA.
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

  2. #2
    Quote Originally Posted by Yankeeman07 View Post
    The Complaint Filed states "Interest" that would indicate it was a loan, not an MCA.
    Interest from the time he defaulted, nothing to do with contract

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