[pmoney]

Keep in mind that our loan size is going to be much larger as well. $50K might be more enticing to the merchant than $15K. Plus we will probably give them the option to go out to 12-36 months.

Exactly. If a merchant needs $150k but a MCA will only get them $60k it then becomes a major decision that they have to make. Do they take 60% less than they need going an unsecured route, or do they pledge a property they own as collateral to get that extra $90k? Ultimately every consumer is different.