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08-14-2015, 03:42 PM #1
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08-14-2015, 03:50 PM #2
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The only issue that's left to discuss on the topic is this one remaining point..
I was Head of Business Development at 2nd source funding (largest MCA brokerage company in number of sales people!), 2nd Source boarded over 12,000 Merchants and they were "ALL" First position deals! Fast forward within a short period of time over a third of the merchants went out of business. Guess what NOT 1 Client had a 2nd position. My point is a first position deal to a well grounded businessman may be looked at like a 8th position.
I think MCA is a great product to many business owners, i just think the A paper Houses want to be viewed like Mother Theresa handing out capital on Christmas eve in the church parking lot.Last edited by mcaguru; 08-14-2015 at 03:55 PM.
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