[NotALoan]

Thank you for your opinion. I agree in some cases and some cases I disagree. Some merchants who have never taken a cash advance before are weary to have a personal guarantee and has nothing to do with planning on defaulting.

With that being said I am still looking for anyone who does not require a PG.

If a merchant is "wary" of a funder including a PG as a way to protect themselves, since the funder takes on 100% of the risk, MCA may not be the right product for this merchant. Have you explained to him why PG is the norm on MCA contracts? Does the merchant understand what a PG is and why funders use it?

[abfunders]

If a merchant is "wary" of a funder including a PG as a way to protect themselves, since the funder takes on 100% of the risk, MCA may not be the right product for this merchant. Have you explained to him why PG is the norm on MCA contracts? Does the merchant understand what a PG is and why funders use it?

If MCA isn't the right product for him, what is? There are VERY little no-PG products out there. Factoring in many cases has a validity guarantee (which is basically only a PG in the case of fraud). Because an MCA isn't a loan, the PG on an MCA is structured differently than the standard PG.

[NotALoan]

If MCA isn't the right product for him, what is? There are VERY little no-PG products out there. Factoring in many cases has a validity guarantee (which is basically only a PG in the case of fraud). Because an MCA isn't a loan, the PG on an MCA is structured differently than the standard PG.

A government backed loan, certain factoring, certain credit cards and LOC, etc. It's difficult to find one, but I imagine it's even harder to find an MCA with NO PG whatsoever

[freeprocessing]

If MCA isn't the right product for him, what is? There are VERY little no-PG products out there. Factoring in many cases has a validity guarantee (which is basically only a PG in the case of fraud). Because an MCA isn't a loan, the PG on an MCA is structured differently than the standard PG.

Can you elaborate?

[freeprocessing]

If a merchant is "wary" of a funder including a PG as a way to protect themselves, since the funder takes on 100% of the risk, MCA may not be the right product for this merchant. Have you explained to him why PG is the norm on MCA contracts? Does the merchant understand what a PG is and why funders use it?

MCA is not the right product for them. They have never taken one. We are working on some other stuff but they needed money quick.