[FUNd]

PS i don't see a license relevant to making or losing in MCA....

Except that you legally have to have one to lend money commercially. Other than than, no, not relevant at all.

[mcaguru]

Except that you legally have to have one to lend money commercially. Other than than, no, not relevant at all.

MCA not a loan.

[FUNd]

MCA not a loan.

Yes it is. On it's face and by pure definition:

loan
lōn/Submit
noun
1. a thing that is borrowed, especially a sum of money that is expected to be paid back with interest.
"borrowers can take out a loan for $84,000"
synonyms: credit, advance; More

[mcaguru]

Yes it is.

debanked.com/2016/06/merchant-cash-advance-definitely-not-a-loan-new-york-judge-rules/

[FUNd]

debanked.com/2016/06/merchant-cash-advance-definitely-not-a-loan-new-york-judge-rules/

I don't care what some lower court judge's ruling was, that does not end the debate.

[J.Celifarco]

debanked.com/2016/06/merchant-cash-advance-definitely-not-a-loan-new-york-judge-rules/

I agree with you that this win is good for the industry but to sit back and say wow good this is over because of one lower court ruling is a very naive way to look at the industry.. Instead of always trying to find excuses to condone poor practices how about look at your company and say how can we make ourselves better so we are not part of the problem. The companies that survive for the long term are the companies that are looking ahead now a putting a plan in place to adjust when regulation comes as well as trying to get into the conversation on in what form regulation should come in. To sit on the sidelines and hope is not a long term plan for success

[mcaguru]

I agree with you that this win is good for the industry but to sit back and say wow good this is over because of one lower court ruling is a very naive way to look at the industry.. Instead of always trying to find excuses to condone poor practices how about look at your company and say how can we make ourselves better so we are not part of the problem. The companies that survive for the long term are the companies that are looking ahead now a putting a plan in place to adjust when regulation comes as well as trying to get into the conversation on in what form regulation should come in. To sit on the sidelines and hope is not a long term plan for success

This is very simple a motorcycle is not an airplane. perhaps one day lawmakers can decide a motorcycle should be treated with same laws like a plane.

Now regarding looking ahead for all you know we are at the end stages of the drawing board offering the most conservative A paper funding products ever introduced to the market place... (for all you know we are not )

My point is the guys looking to hurt higher risk funders DO not realize that with a few tweaks we are in the A paper game~!

[J.Celifarco]

This is very simple a motorcycle is not an airplane. perhaps one day lawmakers can decide a motorcycle should be treated with same laws like a plane.

Now regarding looking ahead for all you know we are at the end stages of the drawing board offering the most conservative A paper funding products ever introduced to the market place... (for all you know we are not )

My point is the guys looking to hurt higher risk funders DO not realize that with a few tweaks we are in the A paper game~!

and just like this guy you will be too late to the party and will not be able to get or keep enough market share to survive.. Also I doubt a company used to doing 1.45 60 day programs with a coj and fees will all of a sudden be content doing 1.25 12 month deals no fees no coj.. Dont see that happening