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  1. #1

    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?

  2. #2
    Senior Member Reputation points: 3610
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    It has bounced back since late spring, Pick up the phones and start dialing

  3. #3
    Senior Member Reputation points: 18841
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    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

  4. #4
    Senior Member Reputation points: 81655
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    Quote Originally Posted by jjrouss View Post
    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?

    Credit Card Splits
    SBA Micro Loans
    SBA 7 (a) & USDA B & I Loans

    As the 2 previous posts - PPP & EIDL is short-term $$$

    Smile & Dial if you do not have $$$ for marketing.
    Select a niche market and go !
    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
    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.

  6. #6
    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

  7. #7
    Veteran Reputation points: 134971 Chambo's Avatar
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    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!

  8. #8
    Member Reputation points: 895
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    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

  9. #9
    Senior Member Reputation points: 14001
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    What industries applying for MCAs now?

  10. #10
    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!

  11. #11

    MCA is back

    We are doing good now....

  12. #12
    Senior Member Reputation points: 12452
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    Quote Originally Posted by blashley View Post
    What industries applying for MCAs now?
    Been doing more and more ecommerce and contractor deals

  13. #13
    Member Reputation points: 10
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    This is a very rough time for the industry no doubt...

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