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06-27-2013, 01:10 PM #1
Reputation points: 11185
- Join Date
- Jun 2013
- Posts
- 293
Not everyone stacks. Some people feel it is hurtful to the merchant, and others feel it is still frowned upon in the market and don't want to hurt a relationship with one of their funders by doing it. I'm not against it completely. If you are a broker and one of your merchants, who currently has an advance out with an MCA company, says that they need more money, and your fear is that if you say "Not now, Buddy. Need to wait until your balance is lower" that you could lose the merchant to a different broker, makes sense to try and keep the merchant. But I feel the best way to handle those situations are to contact the MCA provider and let them know the merchant needs more funds and if they won't give it to him then he is going to look for a stack. If they still say no to an add on, what choice do you have?!
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11-06-2013, 11:34 AM #2
Reputation points: 10944
- Join Date
- Oct 2013
- Location
- New York, NY
- Posts
- 1,203