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  1. 07-11-2024, 04:28 PM #1
    Yankeeman07
    Yankeeman07 is offline
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    Quote Originally Posted by SamuelH View Post
    Sure it is...... Definition of Loan is a thing that is borrowed, especially a sum of money that is expected to be paid back with interest: AKA MCA
    Two items a person learns very fast in the MCA Industry - Never use the words "loan" or "Interest"

    A true MCA is the "purchase of future receivables" for upfront cash payment - An MCA has a "factor rate" not interest.
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  2. 07-11-2024, 05:28 PM #2
    SamuelH
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    Quote Originally Posted by Yankeeman07 View Post
    Two items a person learns very fast in the MCA Industry - Never use the words "loan" or "Interest"

    A true MCA is the "purchase of future receivables" for upfront cash payment - An MCA has a "factor rate" not interest.
    This is truth you don't use it, but it doesn't change the fact that's what it is just my take on things you don't have to agree.
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