The Scoop on iPayment’s MCA Renaissance

August 18, 2017
Article by:

Tomo Matsuo iPayment Capital

Above: Tomo Matsuo, SVP, iPayment Capital iPayment, a small business payment processing company, is placing a bet that it could be better the second time around in the MCA industry. iPayment Capital, which is scheduled to launch in the fall, is iPayment’s second foray into the merchant cash advance market. In conjunction with this expansion […]

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Go West, MCA Broker

August 16, 2017
Article by:

Sean Murray on Union Pacific Train

Above: Sean Murray of deBanked aboard a Union Pacific Train in Fort Worth, Texas If you check out the deBanked forum, one of the latest discussions originated from a self-described newbie business owner who wants to know, ‘What separates a successful ISO from the rest?’ The user, who calls himself jellyfish capital, asks the deBanked […]

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Is The End Near For This Debt Settlement Firm?

August 11, 2017
Article by:

Wall Street Wolf

Corporate Bailout, a New Jersey based firm that purports to help businesses lower the monthly payments on their debts, is back in the news. This time it’s for allegedly running a sex-fueled office with stripper parties, sex dolls, and sexual harassment, according to the New York Post who published video footage of the debauchery. Warning: […]

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Damage From the Nulook Capital Bankruptcy Shows Up In GWGH Earnings

August 10, 2017
Article by:

broken window

In April, we reported that Nulook Capital, a boutique merchant cash advance funder on Long Island had declared Chapter 11. The move was seemingly a response to a lawsuit filed against them by a secured creditor, GWG MCA, a subsidiary of publicly traded financial services company GWG Holdings Inc. (NASDAQ: GWGH). In that bankruptcy, a […]

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Beneficiary of NAB/TMS Deal Could Be Rapid Capital Funding

July 14, 2017
Article by:

North American Bancard Headquarters

Square is not alone in offering working capital to their payment processing customers. Troy,MI-based North American Bancard (NAB) has been offering their customers merchant cash advances through a Troy-based subsidiary known as Capital For Merchants (CFM) for more than 10 years. And after seeing the growth of that segment, NAB went out and acquired Miami,FL-based […]

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Need Leads This Summer?

July 13, 2017
Article by:

UCC Leads - Truck on Wall Street

I am often asked for referrals on things like lead sources. Fortunately our website already has quick cheat sheets on who to call for your everyday merchant cash advance and business lending needs. Below is a link to a few of them: Industry lead sources Accountants and auditors familiar with the industry Industry attorneys – […]

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What Happened to Bizfi?

July 1, 2017
Article by:

bizfi wall

This past week, Bizfi gave their remaining employees a 90-day warning notice, according to sources familiar with the matter. It was the latest wave of layoffs to hit the company over the last few months. At its peak, Bizfi, which provided capital to small businesses, employed more than 200 people. Some of those riding out […]

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Congressman Emanuel Cleaver, II Makes Inquiry Into Merchant Cash Advances

June 26, 2017
Article by:

Congressman Emanuel Cleaver, II

A US Congressman from the fifth district of Missouri is conducting an inquiry into “Fintech Lending,” according to a statement posted online. Rep. Emanuel Cleaver, II published letters that his office sent out last week to five companies seeking information on how they avoid discriminatory lending practices in small business lending. An excerpt: I have […]

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Déjà Vu: Some Small Business Funders are Fading Away

June 20, 2017
Article by:

fading away

IT’S THE END OF DAYS!! Or is it? Apparently I’m old enough to see this happening all over again. A handful of big names in the alternative small business space are faltering and many of you have asked what this means for the industry. It really doesn’t mean anything other than those who do not […]

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The ‘Loan’ Star State – Texas is an alternative finance nexus

June 15, 2017
Article by:

Austin, TX

This article is from deBanked’s May/June 2017 magazine issue. To receive copies in print, SUBSCRIBE FREE We’re at Able Lending in Austin, Texas, a financial technology company occupying three floors deep in the heart of the Seaholm power plant overlooking Lady Bird Lake. The fortress-like building anchors an inner-city complex of offices and residences, chic […]

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