Funder Says Farewell to Car Dealerships
Merchant Cash and Capital announced today that they will no longer be funding car dealerships. See screenshot of their announcement below:
Over the last 18-24 months, MCC and many other funders have greatly expanded their lists of accepted business types. It will be interesting to see if any other funders follow suit in re-restricting certain industries.
Gas stations, high-ticket furniture stores, and online businesses come to mind…Last modified: September 28, 2013
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.