[FunYouMan]

Bored today. Anyone know the largest default?

Link to the court filing would be nice

[Oxforddan]

Pretty sure Platinum Rapid had a 4 or 5 million default. SFS had a really big one as well. Wonder if anyone defaulted on over 5m from a cash advance.

[closer129]

I think there was a 10 million dollar default a few years back from a huge car dearlship.

[Sean Cash]

Bored today. Anyone know the largest default?

Link to the court filing would be nice

$43M: https://debanked.com/2018/09/the-lar...ce-in-history/ (Momentum Auto Group)

$91.3M: https://debanked.com/2020/09/the-new...ory-90-million

[FunYouMan]

$91.3M: [url]https://debanked.com/2020/09/the-new-largest-merchant-cash-advance-in-history-90-million

Is this the cleaning place from the 5 towns?

[Sean Cash]

$91.3M: [url]https://debanked.com/2020/09/the-new-largest-merchant-cash-advance-in-history-90-million

Is this the cleaning place from the 5 towns?

Yup. Given the circumstances, I'm sure there's more to that story lol.


There was also a $8 million default in 2009 to a guy that owned over 100 restaurants: https://www.ocregister.com/2009/05/08/where-did-restaurant-kings-millions-go/

The MCA company went out of business when he defaulted.

[brokerCompany]

wonder if a broker was involved and a clawback. lol.