tag:blogger.com,1999:blog-2207548757190716934.post7153013661719258975..comments2021-09-23T04:08:18.525-04:00Comments on Merchant Cash Advance Blog: Merchant Cash Advances And FICO ScoresDavid Goldinhttp://www.blogger.com/profile/10138018754054335798noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-2207548757190716934.post-16391409957070816202008-12-24T23:04:00.000-05:002008-12-24T23:04:00.000-05:00alot of small community banks are opening up natio...alot of small community banks are opening up nationwide that did not get into the subprime game, and, have liquidity to fund main street still. I will be very curious to see what penetration the cash advance industry has on main street merchants with 700+ fico scores and time in business- unless they bring rates way down, i still think small banks will be main artery for these businesses in 2009Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2207548757190716934.post-12041233191956437952008-11-25T17:29:00.000-05:002008-11-25T17:29:00.000-05:00You are right in the shift of the client profile f...You are right in the shift of the client profile for this product, undoubtedly due to the lack of liquidity in traditional credit markets. Also, I agree with your notion that those with a higher credit score must be marketed to differently. One cannot "trick" them into signing up for the advance. But if they truly understand the product and and are in need of the funds, then it is a very useful form of financing, particularly when blended - as you suggest - with others.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2207548757190716934.post-58063833710550497562008-11-25T14:57:00.000-05:002008-11-25T14:57:00.000-05:00What industry segments or types of small businesse...What industry segments or types of small businesses do you see opening up to MCAs as the traditional funding options dry up?Anonymousnoreply@blogger.com