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05-07-2024, 03:38 PM #38
- Join Date
- May 2024
- Posts
- 6
We never take a PSFs on MCA. We are primarily an A Paper/ Term Loan/ 7A shop deals of this sort are out of our wheelhouse. Client this case needed a 5th position and we explored various options, presented all options to the client who needed the funds immediately for payroll. At the end of the day the client agreed, signed and completed the deal to full RTR as agreed with no missed payments etc.
However, youre not wrong. We should have done a better job vetting FND hence the purpose of my post on this thread to let others know to not make the same mistake. The purpose of the post was not to discuss the terms of the deal, albeit terrible.
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