merchant loans

Should Licensing and Accreditation Come to MCA?

August 13, 2014
Article by:

Certified

It’s not said often, but it has been suggested by some players in the merchant cash advance industry to introduce sales licensing requirements. Anybody can sell and broker MCAs or alternative business loans, even your mom. That’s been a boon for growth but a bust for maintaining any kind of uniformity or standards. That’s a […]

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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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Do Opportunities Abound?

June 8, 2014
Article by:

Are there opportunities left?

Just recently I found myself in an office surrounded by some folks who had each worked in the merchant cash advance business for more than 10 years. The first generation of MCA pioneers are still out there of course but it’s rare to be in the presence of so many at one time. It was […]

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Make Your Voice Heard

May 29, 2014
Article by:

survey

Have an opinion on which way the industry is headed? Or eager to read about events that you feel are most relevant? DailyFunder is running a preliminary research survey geared towards those involved in merchant cash advance and alternative business lending. It’s completely anonymous and it will be used to help steer the direction of […]

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Industry Leaders Tell All (Videos)

May 25, 2014
Article by:

lendit

A few weeks ago, I recapped my two days at the LendIt conference in San Francisco. The State of Alternative Business Lending Big Government and Big Data Peter Renton of Lend Academy, who hosted the conference, is putting up the professionally finished videos on his youtube channel. I’ve embedded the ones I think you’ll find […]

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The Deal

May 25, 2014
Article by:

shark

When times are tough, small businesses take chances. Last year, a family run business in Cohasset, MA made a snap decision and agreed to a $75,000 loan with infinity percent interest, literally. The principal was completely repaid in just 74 days but as per the contract, they still had to make fixed interest payments for […]

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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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Alternative Lending: Big Government and Big Data

May 7, 2014
Article by:

big data

“Who wants to fill out financial paperwork? We’d rather go pick out a pair of sunglasses” – Professor Michael Barr at LendIt 2014 One of the clear themes of the LendIt 2014 conference was that borrowers are willing to pay extra for speed and convenience. Regulators have taken note of this trend but they’re still […]

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