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03-17-2021, 05:47 PM #1
- Join Date
- Apr 2019
- Posts
- 41
Will MCA ever be back?
We've shut our doors since COVID started.
I'm wondering if it's worth re-opening at this time or if I should wait a few more months.
What's you guys take on the MCA market right now? Anyone funding?
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03-17-2021, 06:26 PM #2
- Join Date
- Nov 2018
- Location
- Miami
- Posts
- 116
It has bounced back since late spring, Pick up the phones and start dialing
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03-17-2021, 07:06 PM #3
- Join Date
- Aug 2020
- Posts
- 145
Now is the time to jump back in. If you haven't started funding yet, you're behind. PPP and EIDL loans temporarily slowed the submissions but the money will run out soon enough. Most restrictions should be lifted within the next few months and there is no immediate existential threat to MCA as much as people are scared of the happenings in Maryland and with the FTC
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03-17-2021, 10:58 PM #4
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,952
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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03-18-2021, 09:35 AM #5
It definitely seems to be bouncing back. We fund primarily smaller deals ("Micro" to 50k) but are funding a lot daily. We at VPS at least, have been funding and paying commissions more and in larger dollar amounts this month then we were in the month before Covid hit. If anything, judging from what we are funding here, I think the industry is coming into a boom.
Ari Finkelstein
VPS Capital Funding
O:813-574-2048
C:908-596-0796
arif@vpsfunding.com
Last edited by VPS; 03-18-2021 at 09:40 AM.
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03-18-2021, 09:48 AM #6
- Join Date
- Nov 2020
- Posts
- 66
MCA IS BACK RIGHT NOW
Our ISO's are sending in deals every single day and we are funding them!
Want to join in on the fun? Become an ISO for Spartan Capital today!
-We go up to 5 Positions
-We fund up to $2 Million
-Offers come within 2 hours
-SAME DAY FUNDING
Matt Spinelli
ISO Manager
Spartan Capital
201-907-4042
matt@spartancapitalgroup.com
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03-18-2021, 12:40 PM #7
The industry, much like the country s a whole, is slowly coming back. Chances are, things will NEVER go back to where they were a year or so ago, but a lil trimming of the fat never hurt anyone.
Stay safe everyone and don't be a fool!
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03-22-2021, 05:50 PM #8
- Join Date
- Feb 2020
- Location
- Anaheim, CA
- Posts
- 85
Things have been on the upswing at LoanMe for both our Small Business Loan AND our new MCA product! For the MCA product, Buy Rates start at a 1.14, up to 10 points upsell on any deal, and no industry restrictions (business must be for-profit w/a business checking account with at least 90 days funding./seasoning.)
If you'd like more info, including other minimum and Tier specific qualifications, and/or to discuss becoming a LoanMe ISO partner if you aren't already, please send an E-mail to the below address.Joel S Galasso
Senior National Accounts Manager
Small Business Loans
Main: 949-535-7798 | business.loans@loanme.com
1900 S. State College Blvd. Suite 300 Anaheim, CA 92806
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03-23-2021, 12:55 PM #9
- Join Date
- Jul 2018
- Posts
- 193
What industries applying for MCAs now?
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03-29-2021, 12:55 PM #10
- Join Date
- Jun 2013
- Posts
- 351
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03-25-2021, 07:26 PM #11
- Join Date
- May 2019
- Posts
- 74
MCA has been picking up since about September/ October - we are seeing a lot more restaurants coming back lately which is a good sign! we loved them pre pandemic!
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03-29-2021, 10:46 AM #12
- Join Date
- Mar 2021
- Posts
- 17
MCA is back
We are doing good now....
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03-30-2021, 08:33 PM #13
- Join Date
- Apr 2020
- Location
- Brooklyn, NY.
- Posts
- 15
This is a very rough time for the industry no doubt...
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