tag:blogger.com,1999:blog-2207548757190716934.post8321287982014520380..comments2021-09-23T04:08:18.525-04:00Comments on Merchant Cash Advance Blog: Merchant Cash Advance Industry UpdateDavid Goldinhttp://www.blogger.com/profile/10138018754054335798noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-2207548757190716934.post-85194323461951844242009-02-25T00:52:00.000-05:002009-02-25T00:52:00.000-05:00many merchants small and large are coming to the t...many merchants small and large are coming to the table for cash advances, no question, will it continue long term- who knows. its the first time the cash advance industry has gone through a recession like this. still, many merchants who arrive at the doorstep for a cash advance are having massive cash flow issues, and, a mca just isnt the answer- a a small bandaid maybe for those types of merchants. its just getting harder to find the right merchant i think everyone will agree- until consumers spend again, and, unemployment stops, mca's arent going to save the dayAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2207548757190716934.post-53136561152068921852008-12-28T19:08:00.000-05:002008-12-28T19:08:00.000-05:00Very interesting post. Many colleagues in the ind...Very interesting post. Many colleagues in the industry have been complaining about the difficulty with approvals and/or funding. This is why renewals and establishing strong relationships are key to enduring these leaner times.<BR/><BR/>I do question the theory thouogh about "upper tier merchants" coming to the table. Similar to the environment at the beginning of 2008 (the demise of Bear), thought traditional funding may be more difficult to obtain, a merchant used to 6-9% over multiple years is going to need time to come to terms with a cash advance product. My thoughts are that these merchants will be coming to the table en masse within 6-9 months, as all their resources have dried up.<BR/><BR/>What are your thoughts on this?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2207548757190716934.post-90832262202628388452008-12-24T23:03:00.000-05:002008-12-24T23:03:00.000-05:00anyway to list which cash advance companies are ha...anyway to list which cash advance companies are having their credit pulled or in trouble? None of these companies seem to publicly announce this, so, its important for ISO's and Agents to know this ASAP. Who wants to put business through an unstable funder?Anonymousnoreply@blogger.com