[Karen37a]

lol

The new MCA commercial...who knows ?? deep voice .....Chambo knows.... shaking head up and down

( no yelling at me its a joke)

[Karen37a]

And the reason ( i think) people get around the usury laws is....If I am a MCA lender and I go to a bank to get money to expand, salaries etc , its ok? But if I take that same money and use it to lend it isnt?

What am I using the money for?

Like a merchant saying he needs money for inventory after he purchased a yacht for his personal use with business funds.

Lending companies would just have to be on a restricted list, like Finance/Used car lots/ lawyers etc are to MCA companies.This is why private money, risk capital comes in..accredited investors, not banks.

This is also why ISO's are also useful 1099 to lenders, no expenses except processing paperwork and taking underwriting calls. Its when you have huge payrolls in house that the problems arise. And the reason we are valuable if we send in good deals and keep the flow going. (Guess thats why "some" companies take your renewals when you dont submit enough business to them, they have to... to survive.)

Gootta go one of my lenders is denying one of my loans and telling me I have to learn how underwriting works.

I love this business, you make a huge sale and you are walking on water, life is great, 10 k commission yeahhh..then poof denied and i have to go to underwriting school because the lender has a funding allocation and wont just tell me that and thinks I don't know.

( this is where someone says...thats not true we do car lots, just up to 25k or 50k blah blah )

[biggr]

77% of OnDecks float is owned by institutional investors and mutual funds. I think the trend moving forward with the banks shunning small business loans are looking to get into these markets, it seems feasible that we could see a consolidation in the industry once all the riff raff is sorted out.. Wells Fargo and JPM already nosing around and if JPM takes that step, all bets are off... Personally I am in agreement with Zach.. I think he nailed it...

[staten]

77% of OnDecks float is owned by institutional investors and mutual funds. I think the trend moving forward with the banks shunning small business loans are looking to get into these markets, it seems feasible that we could see a consolidation in the industry once all the riff raff is sorted out.. Wells Fargo and JPM already nosing around and if JPM takes that step, all bets are off... Personally I am in agreement with Zach.. I think he nailed it...

The best thing about this entire thing....

Jamie Dimon was asked what he thought of the difficulties on-line lenders are having raising capital...

"That's their problem"..

I love him-

[mcaguru]

guys even a broken clock is right twice a day!! HAHA just kidding !

[Chambo]

Chambo Knows.jpg

[ADiamond]

Irrelevant. 74% of the companies that went public over the past 6 months weren't profitable.

Relevant. Where are their IPO's at now?

[CreditGuy]

Relevant. Where are their IPO's at now?

Amazon opened at $1.50 almost 20 years ago, has never turned a profit, and shares are trading at $720 today.

Also, since I enjoy correcting you when you are wrong, the question to ask is what are their share prices/market caps now. An INITIAL Public Offering is, by definition, a one time event.

[fundgorilla]

There's a simple solution to all of this: when considering an IPO investment, if you did not get in ahead of the offering or through the private placement, wait until the instrument has crashed through the offering price. Twice. Should the company still look viable at that point, and is pushing against the offering price as though it were resistance on the chart, then by all means load the boat. Cut into the mattress. Simple, and you avoid a lot of BS in the process.

[Kevin Henry-Seacoast]

Amazon opened at $1.50 almost 20 years ago, has never turned a profit, and shares are trading at $720 today.

Also, since I enjoy correcting you when you are wrong, the question to ask is what are their share prices/market caps now. An INITIAL Public Offering is, by definition, a one time event.

Correction: Amazon's IPO in 1997 was priced at $18. It opened much higher! All of the IPOs in the late 90's doubled opening day from where they were priced. I know this very well as I helped manage a very large equity trading division.

[CreditGuy]

Correction: Amazon's IPO in 1997 was priced at $18. It opened much higher! All of the IPOs in the late 90's doubled opening day from where they were priced. I know this very well as I helped manage a very large equity trading division.

Yahoo lied to me.

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[Kevin Henry-Seacoast]

Yahoo lied to me.

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If you bought $1000 bucks worth of stock the day of the IPO, today it would be worth about $250K. I punched out a loooooong time ago!