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11-18-2015, 08:37 AM #1
- Join Date
- Aug 2015
- Location
- Boulder, CO
- Posts
- 755
Early payoff for MCA loans going bad
A question for my esteemed MCA colleagues...
I see so many small business owners that are waaaaay over-leveraged and from what I can see, on their way out of business. They're grabbing more loans for smaller amounts and higher rates to keep up with the payments from the fundings that were made in the previous months.
We've had a few ethical discussions about the right and wrong of this on behalf of the lenders and brokers who bring them these non-sustainable deals, but I have a different question:
If lenders can get their arms around the fact that client insolvency is forthcoming, are they willing to cut a deal to get out from under the looming loss (code for: How much of a discount will they accept?)
Looking forward to your collective insights!
Best,
Dan Page
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