[Chambo]

Except a true MCA is NOT a Loan - nor will it ever be considered a Loan.

A true MCA is a business owner selling his/her future sales receipts without a specified repayment date.
A Factor rate is NOT Interest

And once that rate of interest is computed, “any rate exceeding twenty-five per centum per annum” in accordance with how the rate is allowed to be calculated, will be considered a Class E Felony of Criminal Usury.

In theory you are correct. Unfortunately, too many in this space treat the fixed payment as etched in stone. This makes it a DeFacto usurious loan &attracts the wrath of the Attorney General