[Sachip24]

a lot of business got their PPP money recently so they will say they are good and don't need anything....fast forward 6-8 months from now when all those businesses get audited and some have to start paying that money back on top of all their other expenses they will need money. Even now most businesses will not/can not be at 100% capacity that alone will keep their revenue low and if they did get PPP money that money is gone within first month or two the most. They still need money. Business will still need money and banks are still not lending. They will always be a market for mca in one way or another might be a smaller pool of lenders to send business too but they will adjust and lend.

[StealMyDeal]

a lot of business got their PPP money recently so they will say they are good and don't need anything....fast forward 6-8 months from now when all those businesses get audited and some have to start paying that money back on top of all their other expenses they will need money. Even now most businesses will not/can not be at 100% capacity that alone will keep their revenue low and if they did get PPP money that money is gone within first month or two the most. They still need money. Business will still need money and banks are still not lending. They will always be a market for mca in one way or another might be a smaller pool of lenders to send business too but they will adjust and lend.

That^^^

[fundjax]

a lot of business got their PPP money recently so they will say they are good and don't need anything....fast forward 6-8 months from now when all those businesses get audited and some have to start paying that money back on top of all their other expenses they will need money. Even now most businesses will not/can not be at 100% capacity that alone will keep their revenue low and if they did get PPP money that money is gone within first month or two the most. They still need money. Business will still need money and banks are still not lending. They will always be a market for mca in one way or another might be a smaller pool of lenders to send business too but they will adjust and lend.

Agree with this as well.

I believe as e-com business continue to thrive, and the economy vibrates, the mom and pop shops will need MORE capital to stay afloat, and this is our "Mr. Merchant". Once their 'credit lines' are maxed and their credit is going under, Bank's aren't going to touch that. So yea, you'll have square, amex, paypal and these guys with the A paper and the mca space with B/C/D but they'll have more regulation such as TILA disclosures, lending licensing, things like that.

All in all there will ALWAYS be a sub-prime capital market but my firm belief is as people become more distant from human relationships, the MCA fintechs will heavily capitalize and the brokers will be dealing more within the 50k box with less upsell percentages.

But big tech can't have 'em all and can't pivot as quickly. A nice percentage of the market will still need human underwriting, human tuned fraud detection and that fingertip feel that algorithms can't touch.

[helpinghand]

a lot of business got their PPP money recently so they will say they are good and don't need anything....fast forward 6-8 months from now when all those businesses get audited and some have to start paying that money back on top of all their other expenses they will need money. Even now most businesses will not/can not be at 100% capacity that alone will keep their revenue low and if they did get PPP money that money is gone within first month or two the most. They still need money. Business will still need money and banks are still not lending. They will always be a market for mca in one way or another might be a smaller pool of lenders to send business too but they will adjust and lend.

great point!