Quote Originally Posted by VFG View Post
I know of a very well respected attorney in the factoring space who is gearing up to go after cash advance lenders who have caused tortious interference so if any cash advance lenders out there are not signing intercreditor agreements with factors who hold a first position, they might be in for a surprise soon.
These kinds of campaigns against MCA companies have been going on for years. From what I know and have seen out there, there's a very high threshold for a tortious interference claim. Nonetheless, if anything is clear, it's that the sheer amount of litigation taking place in this industry is the reason that 2 guys in their basement should not go out there and try to become a funder. Barriers to entry in becoming a funder may be low, but the toll to actually play the game is very high.

If you are not well lawyered up, don't bother becoming a funder. You'll get crushed.