Bankers Beware of the MCA Trap
Your Customer may be Distressed; You see the signs –
They are Struggling – and you are observing;
Low Account Balances
Multiple NSFs
Maybe a Recent “Hail Mary” Loan Request
OR
Your Customer is Borderline TERMINAL if -
All the Above AND –
Allowing AUTOMATIC DAILY OR WEEKLY WITHDRAWLS – typically to an MCA Lender that will suck your customer’s operating account dry as a Boodles Martini – when you see these signs, it is only a matter of time.
Please know - YOUR CUSTOMER IS DESPERATE – AND WITHOUT IMMEDIATE HELP – THEY WILL FAIL
How many times do we tell customers to be properly capitalized?
How often do we see them struggle to grow because they don’t have the cash?
They need a financial partner to cover the float – but they resist because they see the pot of gold and they don’t want to share – it’s human nature.
So – let’s back up. They are YOUR customer – and you are seeing the warning signs –
And unfortunately, the Bank can’t help them –
They don’t qualify for an SBA Loan –
And NOW a Financial Partner is going to be hesitant
LET US HELP – we are that financial partner who will let your customer have that entire pot of gold. Our clients have solid business goals, but don’t have that needed capital to cover. and we provide the capital for them to get there.
So – I’m asking you to keep your customer, keep their accounts, and help them recover and thrive – give us a call.
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