Quote Originally Posted by MCAVeteran View Post
In a regulatory environment the mca product just doesn't stand well. It's not a loan it is a loan it's not usurious it is usurious. Whereas the loan with few companies have connected with federally chartered banks to place loans in all states. It's a whole different game on the loan side if and when the industry is examined and also the barrier to entry for a company to do the loan with banks is limited seperated those said companies from the pack. Not to mention all the addtl industries the loan can market to
Good point. Plus imagine doing an IPO and being asked to describe in great detail your default, collection, and recovery process. You're not afforded the same protections as a creditor because you're not a creditor. Instead you're in a legal grey area where nothing is certain, including as to whether or not you can even pursue the business owner in a default.

The bigger you want to be, the more you'll need to conform to a system that is easily understood by all.