http://debanked.com/2017/02/square-c...h-loan-market/

Square did what all of the merchant processing companies should have done and now they are setting themselves up very nicely on the lending side of their business. If only First Data and Heartland hadnt thought they were "better" than the MCA space they would be able to say they are putting numbers up like this. Assuming they can maintain a 96% TCR their funding side will be very profitable with what they are saying is a nonexistent CPA.