Quote Originally Posted by BROKER TIME View Post
that makes no sense because based on your definition of term loan than a funder offering 50k @1.50 120 payments would be considered a term loan as it has a specific interest rate payment and term
a MCA can take a percentage of credit card deposits and an easier way to differentiate A term loan doesn't and it is an easy way to compare the difference. Legal differentiation MCA based on receivables.