New deBanked Magazine Issue is On The Way

December 7, 2016
Article by:

deBanked Magazine Array With November/December Surprise

The Nov/Dec issue of deBanked magazine is on the way! Can you guess who is on the cover? Hint: his face is blurred out in this image so you can’t cheat! This edition closes the end of 2016, celebrates the journey of an industry veteran, recaps late fall conferences, and reveals new clues and details […]

View Post

Shakeup at CAN Capital – CEO and 2 other Execs Put on Leave of Absence

November 29, 2016
Article by:

dan demo

Update 11/30 7:30 pm: CAN says they are still open for business and still providing access to capital for current customers and renewal business. They are not actively seeking new business at this time, but will evaluate it as it comes in. CAN Capital has confirmed that CEO Dan DeMeo has gone on a leave […]

View Post

Q3 2016: Confidence in the Small Business Financing Industry’s Success Down Slightly

November 29, 2016
Article by:

Continued Success Q3 2016

Confidence in the industry’s continued success was down among small business financing CEOs in the third quarter, according to the latest survey conducted by Bryant Park Capital and deBanked. At 75.8%, it’s the lowest level recorded since surveying began late last year. Respondents were not asked the reasoning for their confidence score, but the sentiment […]

View Post

The History of Alternative Finance (As Told Through Memes)

November 21, 2016
Article by:

submitting a funding application

Exactly four years ago, I honored the Thanksgiving holiday by slightly exaggerating the industry’s history in a blog post. And every year around this time since, I’ve reposted it to the home page for all the newbies to enjoy. But in 2016, it just doesn’t seem as applicable. Too many things have changed, especially compared […]

View Post

The Remedy For a Bad Industry Decision?

November 9, 2016
Article by:

judgment

A recent disappointing New York trial court decision concerning merchant cash advances has been making the rounds over the past few weeks and a few industry players have been asking if there is cause to be concerned. While the case will likely have little precedential value, it should serve as a reminder to all funders […]

View Post

Merchant Cash Advances Are Not Loans – Take the Online Course to Learn Why (And Get a Certificate)

November 3, 2016
Article by:

classroom

The online course mentioned back in April is finally here… A New York Supreme Court decision in June was pretty deliberate when it said a purchase of future receivables was not a loan. Essentially, usury laws are applicable only to loans or forbearances, and if the transaction is not a loan, there can be no […]

View Post

A GIANT BUFFALO ‘BILL’: Fake Debt Settlement Company Allegedly Defrauded Merchants, Business Lenders and MCA Companies Out of Lots of Cash

November 2, 2016
Article by:

Buffalo Court House

Several companies controlled by an alleged fraudster run out of western New York, promised merchants they could settle MCA agreements and alternative business loans for cheap. Sergiy Bezrukov AKA John Butler AKA Thomas Paris AKA Christopher Riley was arrested last week after being charged with mail fraud. A joint investigation between the Department of Homeland […]

View Post

Funders Prep for the Holiday Rush

November 1, 2016

holiday rush

As the year draws to a close sending everyone into a dizzying holiday frenzy, funders are prepared to fire on all cylinders to fuel their retail customers with cash. The last quarter is crunch time for funders alike, who start preparing months in advance — designing ┬ánew products, marketing and selling them. deBanked spoke to […]

View Post

Smile, Dial and Trial? Why the Next Call Might be Your Worst Nightmare

October 26, 2016
Article by:

Smile Dial and Trial?

This article is from deBanked’s Sept/Oct 2016 magazine issue. To receive copies in print, SUBSCRIBE FREE Aaron Smith sued a merchant cash advance company in the United States District Court of Southern California earlier this year for allegedly making unsolicited calls to his personal cell phone registered on the Do-Not-Call list. His name has been […]

View Post

Remember When? Funders Talk About Their First Deals

October 14, 2016

old main street

For funders, their first deal can be significant in establishing client relations, kicking off a corpus and setting priorities for credit policies and as we found out, teach them valuable lessons.

View Post