Top Stories of 2024 vs 2014

December 30, 2024 | By: Sean Murray

A lot happened in 2024, but rather than just rehash it all out, let’s revisit the world of 10 years ago. In 2014, both OnDeck and LendingClub went public, Bitcoin landed in the mainstream, Square started funding, securitizations in the industry commenced, and the world was still not totally sold on the concept of MCA. Oh how things changed!

Let’s compare what is big now vs. then

2024	2014
Covid EIDL Charge-Offs Explode, Increase By $52 Billion in FY 2023	OnDeck Filed An S-1
Small Business Administration Upgrades its Business Loan Marketplace	Merchant Cash Advance Hits Shark Tank
An MCA Debt Settlement Owner Arrested by FBI	Rapid Capital Funding Acquires American Finance Solutions
DoorDash Expands its Cash Advance Program to the Dashers Themselves	Securitization Begins in Alternative Business Lending
Undercover Agents Posed as Merchants	Regulatory Paranoia and the Industry Civil War
Backdooring Deals? You’re a Loser	Hello Square Capital
Amazon Discontinues Its In-House Business Loans	CAN Capital Still King – $4 Billion Funded
Missing Funds in Prime Capital Ventures Case Now Exceed $90 Million	IFA Tells Merchant Cash Advance Companies to Get Lost
The Long Running Mysterious Fraud in the Small Business Finance Industry and How to Defend Yourself	Merchant Processing Resource is Now deBanked
Walmart Now a Direct Funder in the Merchant Cash Advance Industry	My Journey to Bitcoin