MCA 101
This number is multiplied by the funded amount to calculate total payback.
Factor Rate
Fund $50,000 at a 1.50 factor and this is the total payback amount.
$75,000.00
The merchant is stepping over dollars to pickup ___
pennies
This person use to sell knishes outside of the bohemia restaurant depot
Lenny Calvaruso
This co-worker is known as the inventor of the lucky goose stroke throughout the day.
Lenny Calvaruso
Future Recievables
On a 1.45 fator rate over a 10 month term - what is the monthly interest rate
4.5% per month
There are multiple ways to skin a _______
cat
This person controls the office aux — with all the energy of elevator music top 100 hits
Justin Romano
This co-worker looked up - Modelo's on sale near me - and gave his computer a virus
Joe Safina
On a merchant cash advance contract, this is the term for the lump sum of money the funder gives the merchant upfront.
Purchase Price
An ISO funds a deal at a 1.30 buy rate but sells it to the merchant at 1.45 on a $100,000 advance — this is the dollar value of the commission.
$15,000.00
I thought you were _______
serious
The penn state swimmer
Nick
This co-worker funded the smallest deal in company history - $2,000 funded -
Kelly Romano
The percentage of the merchants revenue going towards their existing mca obligations
Holdback Percentage
The gap between the buy rate a funder sets and the sell rate the ISO offers becomes this for the broker.
The Upsell / Commission
We're can eventually bring you into our ______
senior facility
This person is bald but refuses to accept it
Remy
What co-worker is helping women get through college and received their first educational lap dance
Nick
The first established MCA lender.
A merchant doing $100,000 a month in revenue agrees to a 10% holdback — this is the dollar amount going to their MCA each month.
$10,000 Monthly
Listen, I'm in the business and I get the ______
phone calls
This co-worker has had relations in the biblical sense with his ex-girlfriends one armed roommate
Thomas Napolitano
This co-worker knows Ja Rule personally
Remy