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07-12-2024, 01:12 AM #1
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,993
but I am not ever going to agree that something that was given to me with expectation of me returning is not a loan just my personal opinion and you don't have to agree. Appreciate the banter.
Leave the business asap - You are clueless - the reason that MCA can be sold at a FACTOR RATE" vs an INTEREST RATE is it a purchase of future sales without a specified repayment date. That is a true MCA - read and understand any contract from any funder in the MCA market. Truth be known - a merchant cannot default on a true MCA if their revenue decreases.Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
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