Quote Originally Posted by abfunders View Post
Steve, have you ever run a competitive MCA firm? I have not, but from your "easy" answer it's clear that you haven't, either. However, I know a lot of hungry ISOs who would never submit deals to a funder that doesn't pay very quickly. Do you know how many funders advertise "SAME DAY COMMISSIONS" for a reason? From the broker side of things, I try never to never pay out commissions on high risk deals until the clawback period has passed.
I know and I rarely do MCA deals...but when I do, the brokers understand my terms. It's because they can't find a lender to do their deal. So I get the stuff where they don't have an alternative. Especially the 21 day and 30 day deals.