[KTK]

Perfect example:

2 days ago I spoke with a guy who immediately told me he was all set as he was in the process of an sba fast track application. Upon further poking I learned his plan was to use the sba as a bridge to a equity partnership expected to close in 60 days when he would retire the loan. He had seen some sort of a 5-7 day approval time quoted on the application/sba site or wherever.

After educating him on the true length of the sba funding process and as his 15 taxes are on extension still - the path he was on was not one that would garnish his desired end result.

Explained an MCA could have him funded in days and mixed with an aggressive prepayment option this product would get the job done.

He just needed to be educated properly.

[Karen37a]

For the people who worked for Banks or were loan originators before. We know the ENDLESS documents piled high needed to get to close...Documents 2 feet high. Them asking someone why they had ONE collection on their credit report in 2 years for 80 bucks and looking to deny the loan.

If you worked in Venture Capital/Wall st you know that these people were never getting money for any reason whatsoever. It was always about how much money the firm was going to make off the merchant/company owners, more importantly how "sexy" the pitch was to sell.

MCAs are quick, that's true but most of these people are never making it thru underwriting process to get any real money from any true bank or low cost source.Thats why they take out high cost loans

They cant even make it thru the underwriting process for a c/d paper MCA cash advance.

Do they want the money for something serious in their business life? If they do this is it, the buck stops here.

If they don't..put your goals/dreams on hold.

The Financial Collapse of 2008 put restrictions on the lending of money..period the end. So its not just about getting money fast, its about getting any money at all.

"X" amount of borrowers, "Y" amount of Lenders and "Z" the dollar amount or Funding Allocation available to lend, the more borrowers who want money , the less money to lend leads to the cherry picking of loans.

Nice position to be in if you are a Lender, fighting for scraps on the bottom if you are a borrower.

Basic laws of Supply and Demand