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09-21-2020, 11:36 AM #13
- Join Date
- Jan 2017
- Location
- New York, NY
- Posts
- 59
I am under the assumption that it does not require a lockbox or a switch of accounts. My impression is that it acts like a Split where it is taking a percentage of revenue, but does not have all the headaches of switching accounts. For example if the MCA was underwritten based on the revenue of 100K a month and hold back was 18%, then company revenue drops to 50K they will adjust the payment of 18% holdback on 50K.
Can you please clarify this Egor?
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