I am particularly annoyed the Fed is actively bailing out the Repo Markets. Basically its a very large cash advance with much shorter terms to their friends in much higher places. 350 Billion in small business funding with ZERO skill knowledge of how our industry works. They have no idea the Merchants they are up against. Now is the time to protect your Funders and merchants bring in solid deals that you believe in. Strong payback months 12-24 months do not fund a deal just because it can be funded. Kill the Funders we all die, yes new funders will rise up.*They may want to take the risk even though you know it will fail* But I know the Funding Companies I have had the pride to work with for the past 4 years did not kill my 15 pt deals to let other funding companies take them. No now is a chance to show who gives a **** and who does not. Funding companies need us the brokers to be just as vigilant as if this were our reputation on the line not our commissions. Their are 100's of companies asking what do I do. If you can not walk your merchants through this without taking un-needed funding then your in the wrong space. Merchants lack most basic business skills however they have built companies that for the most apart need advice not money right now. Advise them you will try to work with the funding companies that first dealt with them. If they are stacked well this maybe more difficult, however funders are not stupid. This dies down business opens up cash can go back out. Payments start to come in yes their will be losses but working with your merchant is your job working with the funder is your job. Giving away money is not what this job is. Building lasting relationships and AR through keeping your word to your clients.

No one is bailing us out except for ourselves. This has been long over due the circumstances surrounding Covid-19 are terrible but this economy has been on fuems. As we brace for recession remember what built this industry up. Subprime what happens when primes start default on the banks*merchant not business" Primes become subprimes and the dominos fall into the MCA space. If we all play it safe and wait patiently stick with deals that have solid 12-24 months of payback. Funding deals in an envoirment like this does not make sense unless it is something that for instance gold price drops Jeweler wants to take advantage of whole say opportunity no problem. To me this job is teaching the merchant he does not need the store anymore. This will show a lot of people they do not need offices. Good Luck.