There seems to be a lot of confusion among "MCA" funders about Reconciliation. Currently working a file where a the client is looking to refi an MCA. Per the normal terms of that merchant agreement - the merchant requested Reconciliation to better reflect the agreed upon % remittance. Their sales went down, and because the remittance is a fixed %, they wanted to adjust their payments downward. It's basically a variable ACH deal that works just like the old CC split deals - the absolute $ amount paid varies, because it's a fixed % tied to sales (which of course, vary).

The deal was hard denied by three "MCA" funders because they said they "do not fund merchants who change their payment", as if that's a bad thing (btw, the merchant never missed a payment...)

Seems like funders are either stubborn, have garbage Counsel, or just refuse to adjust their UW...