MCA History in Honor of Thanksgiving
![wagon wagon](https://debanked.com/wp-content/uploads/2012/11/wagon.jpeg)
Before fax, e-mail, and e-signatures, merchants used to travel up to 400 miles to fill out a funding application.
![famous stamp famous stamp](https://debanked.com/wp-content/uploads/2012/11/famousstamp.png)
The famous response to a British sea captain by John Paul Jones is actually believed to be a misquote. 'Fund' was changed to 'fight' to better preserve his memory but it is theorized that he predicted the birth of Merchant Cash Advance. He died in 1792, two hundred years before the first small business got funded based on their credit card sales
![first thanks first thanks](https://debanked.com/wp-content/uploads/2012/11/firstthanks.jpg)
In 1621, the local merchants were funded on the third Thursday of November, just narrowly beating the wire deadline. This feast was almost not possible.
![first underwriters first underwriters](https://debanked.com/wp-content/uploads/2012/11/firstunderwriters.jpg)
The first underwriters. Yeah... they were British.
![cannon cannon](https://debanked.com/wp-content/uploads/2012/11/oldcannon.jpg)
The first collections department.
![declaration declaration](https://debanked.com/wp-content/uploads/2012/11/20071018_declaration-1.jpeg)
Back then you needed a lot more than just a payoff letter to change companies...
![2nd location 2nd location](https://debanked.com/wp-content/uploads/2012/11/2ndlocation.jpg)
This merchant successfully opened his 2nd location.
![wine merchants wine merchants](https://debanked.com/wp-content/uploads/2012/11/wine_merchants.gif)
This winery just refi'd again last week. $132,292,222,144,923,383,293,819,183,189,380,678 was withheld and credited to the outstanding balance.
![tea party tea party](https://debanked.com/wp-content/uploads/2012/11/Boston_Tea_Party_Currier_colored.jpeg)
Reason for Advance: Need to stock up on more tea inventory.
![thanksgiving thanksgiving](https://debanked.com/wp-content/uploads/2012/11/thanksgiving3.jpg)
We apologize if our history is a little off 😉
– Merchant Processing Resource
https://debanked.com
![Sean Murray Sean Murray](https://debanked.com/blogimages/seanmurrayavatar3.jpg)
Sean Murray is the President and Chief Editor of deBanked and the founder of the Broker Fair Conference. Connect with me on LinkedIn or follow me on twitter. You can view all future deBanked events here.