merchant financing

What Would Barney Frank Say?

July 16, 2014
Article by:

bfrank

While crowd funders navigate the JOBS Act and a possible revision to what constitutes an accredited investor, non-bank business lenders are raising eyebrows with sky high interest rates. Annual Percentage Rates (APRs) are reaching into the triple digits and critics are reaching for their megaphones to say something about it. Unfortunately APRs don’t spell out […]

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Access to Capital – A Dose of Reality

June 15, 2014
Article by:

newjersey

So much for a lack of transparency… While sitting directly next to Maria Contreras-Sweet, the head of the Small Business Administration, OnDeck Capital’s CEO corrected U.S. Senator Cory Booker’s comments about the APR of their loans. High teens? Not so, said Noah Breslow who explained their average 6 month loan has an APR of 60% […]

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The Real Impact on Small Business

May 22, 2014
Article by:

the truth

It’s not easy being in the lending business. Just talking about money can make people uncomfortable. Bringing up how much money you have, don’t have, or wish you had is like bringing up politics at Thanksgiving dinner. It’s taboo in this society. It’s even rude to ask somebody how much they make a year. That’s […]

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Big Deal #2 Struck in MCA Industry

May 21, 2014
Article by:

big deal

Another day, another capital raise for some company or other involved in alternative business lending. That’s the way it is these days, but the news about the American Finance Solutions (AFS)/CapFin Partners deal announced on Wednesday is markedly different. It’s the Rockbridge Growth Equity (RGE)/RapidAdvance deal all over again, the welcoming of a major MCA […]

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Would an APR Help?

May 14, 2014
Article by:

merchant cash advance APR

Merchant cash advance industry hater Ami Kassar added to his collection of rants today in the Wall Street Journal by writing about the True Costs of Cash-Advance Loans. Bloomberg BusinessWeek writer Pat Clark, knowing full well that Kassar and I have sparred online, tweeted: curious what @financeguy74 thinks RT @akassar: The true cost of cash […]

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Securitization Begins in Alternative Business Lending

May 1, 2014
Article by:

ondeck capital securitization

It’s official, alternative business loans can now be pooled up and sold off to investors. On Wednesday, OnDeck Capital announced a $175 million transaction made possible by issuing fixed rate notes backed by their loans. Their Class A notes were rated BBB by DBRS while the Class B notes received a BB. According to DBRS, […]

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What if there were Trigger Leads?

April 27, 2014
Article by:

leads

Just recently, a user in DailyFunder’s forum complained that a deal of his had been poached by a competitor. There’s nothing new about that story, but it is what followed that drew interest. He was in the process of renewing his client for additional funds, when out of the blue popped up a competitor that […]

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Regulatory Paranoia and the Industry Civil War

April 11, 2014
Article by:

Regulation

Stacking is on everyone’s minds in the merchant cash advance (MCA) industry but that war is little more than smoke compared to the fire burning in our own backyard. One of the major topics of debate at Transact 14 has been Operation Choke Point, a federal campaign against banks and payment processors to kill off […]

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Is Alternative Lending a Game of Thrones?

April 8, 2014
Article by:

Funding Kings

It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the season of Darkness, it was the spring of hope, it […]

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Merchant Cash Advance Syndication: Crowdfunding?

March 28, 2014
Article by:

merchant cash advance syndication

You might not have known this, but one of the most lucrative opportunities in merchant cash advance is the ability to participate in deals. It’s a phenomenon Paul A. Rianda, Esq addressed in DailyFunder’s March/April issue with his piece, So You Want to Participate? Syndication is industry jargon of course. You probably know the concept […]

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