[Sean Cash]

I think the confusion is that half think a loan with a fixed daily payment is a loan and half still believe it an MCA even thuough the term is fixed with the daily payment.. Until everyone agrees what is what you cant have the rest of the conversation.

There shouldn't be MCAs with fixed terms. They should have reconciliation clauses at the very least. Fixed payments does not necessarily equal fixed term. If a purchase agreement truly has a fixed term, that's an entirely different debate.