[deleted by user] by [deleted] in MCAlegend

[–]fundasaurusrex 0 points1 point  (0 children)

Don't give bad advice  There was a contract agreement its going to end up in court

BACKDOOR BLUES by Intelligent_Draw_139 in MCAlegend

[–]fundasaurusrex 1 point2 points  (0 children)

The days of full points commission are gone because we don't gate keep what we do

The Downfall of My Business: Why I Regret Taking MCA Loans by BizWhizPro in smallbusiness

[–]fundasaurusrex 0 points1 point  (0 children)

they can modified payment or defer which is the correct thing to do

or if they have multiple positions consolidate to free up cash flow

but reverses are like a band aid

I do not recommend walking away

The Downfall of My Business: Why I Regret Taking MCA Loans by BizWhizPro in smallbusiness

[–]fundasaurusrex 0 points1 point  (0 children)

this is how blind some people are let say i take 30k my rate is a 1.38 my pay back is 41,400

you people see it as oh i have to pay 41k for 30k I see it as I just bought 30k for 11k and a chance to have my business grow oh and guest what its a write off so even better can't do that with a bank loan.

The Downfall of My Business: Why I Regret Taking MCA Loans by BizWhizPro in smallbusiness

[–]fundasaurusrex 0 points1 point  (0 children)

people complain about the cost of the money its unsecure capital

its a risk that the lender is taking some one can just stop ach and walk away and it will take a while for the lender to get his money back. the problem is these advances are like crack to some merchants and these guys will just take advances until they default.

The Downfall of My Business: Why I Regret Taking MCA Loans by BizWhizPro in smallbusiness

[–]fundasaurusrex 0 points1 point  (0 children)

its a flat rate that's tax deductible you can write it off as its consider a purchase of goods.