An Inside Look at Who’s Funding WhatDecember 5, 2011 | By: Sean Murray
The folks at Yellowstone Capital, a Merchant Cash Advance (MCA) provider in New York City, were kind enough to share their results for this past November. While they are one of the larger players in the direct funding space, they also have joint relationships with other funding sources.
Overall, Yellowstone managed to play a role in distributing $8,456,450 to small businesses in a single month. Individually, it came out to 388 transactions. These figures easily place them among the top 5 largest movers of MCA in the country.
$2.9 Million was partially financed through Strategic Funding Source, another veteran NYC firm. A spokesperson at Yellowstone told us that they are thrilled with the results and proud to play a role in rebuilding the economy.
But their work isn’t done yet! They have their sights set on funding $10,000,000 in December. We congratulate them on their success and wish them the best of luck.
Last modified: September 28, 2013
Sean Murray is the founder of deBanked, an 11-year veteran of the merchant cash advance industry, a casual Lending Club and Prosper note investor, the co-founder of Daily Funder, an alternative lending speaker, consultant, writer, and enthusiast. Connect with me on LinkedIn or follow me on twitter.