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08-05-2015, 05:23 PM #1
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08-05-2015, 05:54 PM #2
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08-05-2015, 05:59 PM #3
My aunt owns a fitness center and for several years she told me she never heard or encountered anything like the financing products I had described to her. That changed over the last 12 months when she started getting bombarded by mailers. She scanned some in and sent them to me via facebook and was like, "is this the stuff you have been talking about all along?" and I told her it was.
Even as of a year ago, there was a good shot that 90% of businesses had never heard of it. In 2012, I did a presentation to members of the Manhattan Chamber of commerce and nobody in the room had heard of anything remotely like MCA or anything non-bank related. People actually came up to me afterwards to congratulate me on the idea they thought I had invented.
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08-05-2015, 06:03 PM #4
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08-05-2015, 06:06 PM #5
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08-05-2015, 06:22 PM #6
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Depends on your lead source. If you only call UCC's then everyone would have heard of it. 70% of the deals I fund per month don't even know what a cash advance is. We're still scratching the surface of the market's potential, especially since we're constantly qualifying new SIC codes.
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