Current state of MCA industry with Covid
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  1. #1
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    Current state of MCA industry with Covid

    Obviously whatever issues there are now will go away at some point......but what are the current major set backs with the covid still out there? Some marketing friends are giving me a little pushback

  2. #2
    Senior Member Reputation points: 7232 NationalCorporateData's Avatar
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    Second wave wouldn't be nearly as bad as the first because we now know and better understand the virus.

    That said, states and cities that experience shutdown are likely to be restricted again; probably more dependent on their vertical this time around (e.g. Gyms bad, eCommerce OK).

  3. #3
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    there will be no vaccines until spring or summer for the general population. expect this opening closing to continue thru Q1 2021. no national shutdowns by trump, but, states and governors will take their own actions based on data or not. not a bad time to market though because PPP isn't available right now, but, congress has serious pressure these next 14 days to try and pass more aid. What Biden decides to do depends on country's situation in Jan when he's sworn in.

  4. #4
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    Hitch Hiking on your comment , My SBA Bank just informed me that for December they are pulling back from
    some markets and industries for the month of December, wait & see what further actions Governors will take.
    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

  5. #5
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    Quote Originally Posted by borrowmoneyhere View Post
    Obviously whatever issues there are now will go away at some point......but what are the current major set backs with the covid still out there? Some marketing friends are giving me a little pushback


    Marketing guys are giving pushback because they're doing things the same way they were previously, and the cost of doing that now has doubled and tripled, if you haven't made adjustments.

    You have to really step up the quality level of what you were doing or you have to pivot and find a new way.












    www.B2BRecon.com - Merchants are out there if you want them

  6. #6
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    Quote Originally Posted by borrowmoneyhere View Post
    Obviously whatever issues there are now will go away at some point......but what are the current major set backs with the covid still out there? Some marketing friends are giving me a little pushback
    Maybe second wave of shutdowns but good underwriting will help this. More like merchants holding back banking on 2nd waive of EIDL or PPP. Makes the market smaller and the sell harder.

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