Merchant Cash Advance Facebook Group Hits 1,000 Members

The Merchant Cash Advance facebook group, a community created and administered by deBanked, has reached 1,000 members. The social media group is a popular place for those in the non-bank business finance community to engage with each other online.

“We’re seeing an uptick in collaborative business development, especially among smaller brokerage organizations and those who work independently on their own,” deBanked President Sean Murray said. “A lot of ideas, motivation, referrals, and deal-making is being conducted online, more-so than before because of the 2020 lockdowns where in-person collaboration slowed to a crawl.”

Separately, deBanked shares common ownership with DailyFunder, the largest b2b finance community on the web.

“We actually witnessed a very insightful trend on DailyFunder,” Murray said. “Approximately 7.5% of the active membership that existed on March of 2020, had left their jobs or closed their business by March of 2021. It sounds troublesome on its face except that we added more members than we lost in that timeframe. More people came in than left, a net increase. I think the data is pointing to the future being very strong!”