[MCAVeteran]

MCNETWORK- it isnt just origination fees. we have a copy of the contract and on the 1st page it outlines all the fees as mentioned above. the interest was $19,118.87, the additonal $16,881.13 was only $2500 origination fees the rest were addtl fees. Its quite simple- lawyers got together and created a loophole to usury and charging FEES outlined on contract bypasses the fees being interest rates. I hope merchants realize when comparing both products they undertsand this and we stop the lipstick on the pig marketing that has plagued this business from inception. Its a loan with mca costs... maybe marginal savings at best when you talk about brokers being the selling channel as nobody is going to sell those loans at buy rate levels, rather + 8-12 points raising the cost of the actual loan. Now, if you cut out the broker, 12 points are saved on cost to merchants....But, thats where all the business or most derives so....lets play fair here and call it what it is. the only value is someone who wants fixed payments M-F or doesnt accept cc sales IMO

$97,500 Disbursement Amount-
$136,000 Total Repayment Amount (interest + FEES)