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02-24-2021, 04:58 PM #29Senior Member
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- Join Date
- Mar 2014
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- Florida
- Posts
- 2,952
MCA Contracts
A MCA funder is purchasing 100% of "Future Receivables" and the repayment is a % of the daily/weekly/monthly receipts.
Originally Posted by ryan $
Whatever terms the contract states.
A true MCA, not an MCA disguised as a Loan (Consult an Attorney) the devil is in the details of the contract.
My niche market is "Credit Card Splits" - The funder I work with is purchasing 100% of the "Credit Card Receipts"
until the Full Purchase is repaid. No Stacking allowed and included is a hefty "No Stacking Penalty"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
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