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Yellowstone Capital Introduces a Smarter Box In Move Towards Transparency
September 26, 2018Yellowstone Capital CEO Isaac Stern announced a “Smarter Box” through social media channels this morning. The itemized box will be provided to merchants through a post-funding email as part of a company effort to maximize transparency.
According to the announcement:
“[We are] very serious about maximum transparency and disclosure to our funding partners’ great merchant customers. In addition to our new Purchase and Sale Agreement we will be using with each of the funding partners on our platform, we are also implementing a transaction summary email to ensure that all applicable fees, costs, disbursements and hold-backs are clearly understood by all parties. Our new contract will increase disclosure while simplifying the product, while our summary confirmation ensures greater understanding and improved communication between our funding partners and their customers.”
Example of the box:
Based in Jersey City, NJ, Yellowstone Capital has originated more than $2 billion to small businesses since inception.
Merchant Cash Advance Accounting Q&A
May 25, 2016As a successful and knowledgeable Merchant Cash Advance accountant I often receive questions from MCA business owners and syndicators. In the last tax season, my accounting firm recognized that many of the questions we receive are distinctly similar. In the following article I address the most common questions my accounting office receives.
Question #1: When I am accounting for my Merchant Cash Advance company isn’t a cash advance accounted for in the same way as a loan? It looks the same on a spreadsheet so isn’t the interest calculated in the same way as a normal loan?
Yoel Wagschal CPA: No. Merchant Cash Advance companies do not have interest. If you have interest then what you have is a loan business, not a Merchant Cash Advance business. Loans use an entirely different method of accounting. If you are still accounting for your Merchant Cash Advances as loans with interest then you will have regulatory issues. If you tell an IRS agent that you are not a loan company but they see your books are exactly like a loan company, how do you think that will end for you? Loans and interest are in a different world. You are the last person who wants to combine those two worlds. You need to see how they do their books at an accounts receivable factoring company and model yourself after them. They do it the way my accounting firm presents it.
Question #2: Your article mentions two ways in which Merchant Cash Advance Companies can account for transactions (cash basis and accrual). Are those the only two ways in which my accounting can be processed?
Yoel Wagschal CPA: I guarantee you would have a big argument if you brought 100 accountants together and asked them all this question: How do I recognize revenue in an accrual basis (from a GAAP standpoint) if I am allowed to take the entire income this year? You would have all kinds of voices and differences of opinions because there is no guidance for this industry. I have done the research and structured an accounting methodology. I’ve spoken with the biggest firms and dealt with the biggest names in this industry. I do have a passion for MCAs. When it comes to a tax standpoint, if you file a cash basis and you want to minimize your exposure, there is really only one way to do it. Those two ways (cash and accrual) can be kept so that they are converted from one to the other at the end of the year. Hence, if you want to prorate the income portion of your receivable (cash basis) I would still keep the books on accrual then convert it at the end of the year. You could do this with a single journal entry because it simplifies the bookkeeping process. You end up with an accrual basis financial statement and a cash basis tax return.
Question #3: I keep being told that my tax liability is based on the difference between what I spend (including funding merchants) and what I receive. For example, if we fund 100K and collect 140K in 140 days how should we keep our books? Right now we don’t recognize any income until we get back the initial funding, even if we renew the merchant over and over. Please elaborate on how revenue should be accounted for. I want to minimize my tax liability but I also want to be sure that this is the correct way to go about it.
Yoel Wagschal CPA: I have a very simple quiz:
YWCPA: Do you trust your accountant?
MCA: Yes. Yes, I do.
YWCPA: You should not. Even if you were my own client I would tell you the same thing. Why do you trust your accountant?
MCA: Because they are a professional. This is what they went to school for. This is what they do for a living.
YWCPA: Do you consider yourself a smart person?
MCA: Yes, I do.
YWCPA: Is it possible that you are smarter than your accountant? Is it possible that they simply learned a different trade than you?
MCA: Yes, that is possible.
YWCPA: Ok, then you should use your own IQ to see if what your accountant says makes sense. If your accountant tells you something that doesn’t make sense about your own business, and you believe your accountant because this is their job then you are not using your high IQ. This is especially true if you have strong negative feeling towards what you are being told. I am not telling you to jump to conclusions. I am saying you should ask questions. Think about this for as long as it takes. Your accounting should be clear and understandable to you.
I am a college professor. When I teach the principals of accounting I always start with debits and credits. I start here because students must know this concept through and through in order to be good accountants. It is the basis of all accounting. New students struggle with the logic behind this principle and I always respond that there are two options: The first option is simply to trust me. They can memorize the information and never know what it means. The second option is to completely understand. This is the option that both my students and Merchant Cash Advance business owners must choose. You, as the business owner, must understand where your own numbers come from. You must understand the foundation of your own accounting. You are entitled and responsible to understand it because of what you must sign on your company’s tax returns.
YWCPA: Do you know what you are signing on the tax return?
MCA: Do I know…?
YWCPA: Do you know what the fine print says directly above where you sign? It says:“Under penalty of perjury, I declare that I have examined this return and accompanying schedules and statements, and to the best of my knowledge and belief they are true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.” That is what you sign. Now, do you know what the preparer has to sign?
MCA: The same thing…?
YWCPA: The preparer signs an acknowledgement that they got paid! What I am saying is that you, the business owner, is ultimately responsible for the numbers that are on your tax return. It is you, not the preparer, who certifies that the numbers are legitimate. Of course, accountants are bound by Circular 230 and code of ethics but the level of responsibility is much higher proportionately to the tax payer than to the tax preparer.
Recognizing income only when a deal pays off is clearly, in my humble opinion, “Fraud and Tax Evasion”. I would not sign off on such a tax return. It goes even further that a lot of people who are saying this type of stuff will add that a renewal is an extension of payment and you don’t have to recognize this until the renewal is completely paid off. In this theory you can be in business for 50 years making billions of dollars and pay zero tax. If you were an IRS agent, would you accept that position?
MCA: Mmmm… What’s your point?
YWCPA: Just answer the question. If you were the IRS agent, would it help if the taxpayer told you “my accountant said it was fine”?
MCA: NNNnno.
YWCPA: That’s my point.
Question #4: When my company advances funds to a merchant how do I account for this? Also, how do I account for my company’s income with cash basis (tax return)?
Yoel Wagschal CPA: Ok, we know that in cash basis accounting we don’t recognize revenue before it is actually received. For instance, a grocery store that lets a customer take an order on credit doesn’t recognize revenue at that point. Income is recognized when funds come in.
Now we will think about the Merchant Cash Advance industry. Let’s start with when you advance funds to a merchant. For this example you advance 100k to a merchant and the payback is 140k. The 100k you send to that merchant should not be expensed. That 100k should stay on your balance sheet. You don’t recognize any income because you haven’t collected any income yet.
At the end of the year we have collected half of the advance. It started with 100k funded and 140k to collect. Now we have collected 70k. The most rational way to decide which part of the 70k goes down on the balance sheet and which part should be recognized as income is to prorate it. You should show that half has been collected which means that half of your income should be recognized now. We show it now because you have, in fact, collected revenue.
Question #5: For cash basis (tax return) purposes, when do we realize a loss? How do you show and what do you call the write off of uncollectible merchant cash advances?
Yoel Wagschal CPA: This is a very good question. There are some weird things going on in this industry because normally in a business you don’t exchange money to make money. On a cash basis tax return you would not see a receivable on the cash basis balance sheet. Concurrently, you would not see any bad debt.
Bad debt is usually not something that you see on a cash basis tax return. However, if you really look at the IRS regulations they do understand that even in a cash basis business there are bad debt expenses. Why wouldn’t you usually see bad debt expense? It is because you never recognize any income from the money you didn’t receive. Even with a cash basis tax payment, when a taxpayer lends money to a vendor (in a ‘normal business situation’) and that vendor doesn’t pay the taxpayer back, we know the taxpayer is entitled to take a bad debt expense.
In the Merchant Cash Advance situation, where we exchange money to make money, what could be more of a ‘normal business situation’? This is how your business works so if a merchant does not pay you back then you are entitled to a bad debt expense (of course, the actual realizable cash loss). This bad debt expense gets realized when the Merchant Cash Advance company is certain they are not going to get paid. In the rare situations where you have already written off a bad deal and the merchant does end up paying, you will need to reduce your bad debt expense for the following year or you can add it to your income for the following year.
As far as labeling, I believe the IRS wouldn’t care what you call it. I understand why you want to label it differently. The truth is that this comes only out of the fear that an amateur might look at it. A real trained knowledgeable professional will understand it. Bottom line is, it is perfect (although not normal) for a cash basis taxpayer to have a bad debt expense. But, you can see nothing here is the norm. So do we care for the amateur or for the expert?
Question #6: (This is for “syndicators” which we define here as entities who provide funds to MCA companies before those funds are sent to merchants). Should I do my books whenever I get a payment, week to week, or in one lump sum? From a GAAP or accounting perspective do we use immediate revenue recognition or the deferred method?
Yoel Wagschal CPA: If you want to simplify your bookkeeping I suggest after the fact accounting. Just be sure to maintain absolute consistency. At the end of the year your accountant should be able to take your information, adjust it to a proper trial balance, and create your year end reports. However, if you do not maintain the highest degree of accuracy and consistency then your accounting work will be much more time consuming and potentially flawed.
In my office we have all different types of clients. We have clients who want their books maintained on a live basis. This means we are responsible for taking the information off their MCA platforms and processing it in the accounting system.
We also have clients who want weekly reports. This is a more tempered measurement of the MCA activity. It paints the MCA picture in broader strokes while still maintaining absolute control where tax liability is concerned.
Finally we have clients who only want monthly or yearly reports. This almost completely separates the deal-to-deal MCA activity from the accounting activity. It leaves my accounting firm with the responsibility of tax liability and accounting while the MCA company does their own MCA deal tracking. Whichever approach works best for the individual companies is what you should choose.
In all of these cases there is one fundamental accounting rule and that is 100% consistency. I teach all of my clients to be very disciplined. We recommend having one bank account that is strictly used for funding and receiving money and a completely separate account for operations. For the larger clients we recommend they fund from one account and receive in another account. There is no problem shifting money between these accounts because when an accountant looks at your books it is very easy to follow your transactions.
After you have separated the accounts we can do the actual accounting work for you. However, as we are about to explain the basic journal entries for MCA accounting we caution you to remember this ‘Breaking Bad’ example. In the TV Show Breaking Bad the show’s star (Walter White) explains why he is irreplaceable. Someone else cannot simply step in and recreate his product. His argument is that he is a chemist with multiple advanced degrees as well as years of experience and research. He cannot simply impart all of the knowledge he has to someone in a matter of days. No one can match his intellect simply by watching his actions. His explanation is that a less experienced person would not be able to know if something was off. How would a less experienced person know if one of the ingredients was the wrong type? How would they know if the temperature was slightly off or the cooling phase took too long?
The same practical concept must be applied here, when you are doing the accounting for your MCA transactions. If there was an error in the journal entries, if a procedure was misunderstood and then applied over and over again, if a large transaction was classified incorrectly – how would you know? Only a highly skilled accountant with knowledge of the MCA industry will be able to look over your work and make sure that all of the procedures have been followed correctly. We are about to provide the most basic journal entries for MCA accounting. However we insist you use caution in implementing these entries. We stress that you should consult with a trained accountant who can understand the procedures and recognize mistakes.
First, we start by looking at an entity who sends funds to an MCA company. As this is where the money trail starts, this is where we will start as well. When a syndicator sends funds to an MCA company they should set up a temporary ledger account. We usually call this “funded thru syndicates”. Every time they send money to the MCA company this entry will show a credit to cash and a debit to this temp account. It won’t have any meaning now but it will have a lot of meaning at the end of the year when they need to produce their financial statements. When this syndicator receives back their money they should debit cash and credit a different account. We usually call this different account ‘collections through syndicates’.

Now, the number of this type of transaction is going to depend entirely on how many deals the syndicator gets involved with and how often they receive cash back from the MCA company. Let’s say there are an accumulation of small transactions that happen over the year. Their outcome is going to be that their ‘funding through syndicate’ account is going to have a debit balance. For the sake of this example, we will make that debit balance 100k. Their ‘collections thru syndicate’ account is going to have a collective credit balance. For this example we will say the credit balance is 70k. As we said, these transactions will not have much meaning when you are processing them individually, but now they will show the bigger picture to your accountant (and hopefully to you!).

The ‘funded through syndicate’ account is at 100k because the syndicator provided the MCA company with 100k (which then went to merchants). Of course, they are not only getting 100k back. In this business the syndicators must make money on the funds they provide. For the sake of this example, the syndicator will look to get back 140k. Now you see that balance outstanding is 70k.
The MCA receivable has a debit balance of 70k, which is what they owe and their revenue is 40k. That’s the difference between the 140k and the 100k.


Now the temp accounts are down to zero. The next step looks at the 70k receivable. We know that 20k of it is uncollected revenue. Based on what we have before, which is used for cash basis purposes, I will add another journal entry crediting merchant cash receivable 20k. This will bring down my receivable to 50k which represents the principal portion of the 100k. This shows the syndicator gave the MCA company 100k and half of it is collected. Now we debit MCA revenue and that brings down the syndicator’s revenue from 40k to 20k for cash basis.

As far as GAAP is concerned we don’t have special guidance for this industry. The industry is very unique. We do have the principal of industry practices constraint. I have been very involved in this industry for years. I had a lot of talks with dozens of people all over the country. Investors, funders, creditors, ISO’s, professionals, etc, basically all walks of life connected to this industry. I do feel and believe that the way everyone wants and expects to see the reporting is the way I explained it. As far as MCA companies are concerned they do recognize revenue when your performance obligation has been completed; that is funding. Everything the funder does in the future is collecting their money. There is no performance that this merchant wants from the funder. As a matter of fact the merchant (customer) would be very happy if the funder ceases his activity which is strictly collections. In all other cases where we see revenue being deferred the company still has an obligation to perform. For example, prepaid phone service or insurance both provide services after the bill has been paid. Regarding uncertainty, I feel that this is no different than uncollected receivables. This is why we have a bad debt provision. The bad debt is based on historical performance of each one’s experience. As a side note, I do see a pretty consistent ratio across the line. Uncertainty leads you to the subject of derivatives. Derivatives are uncertain and unknown. Everything is underlined by a future event in the market value of a later date. This is different, as I explained. For instance, a grocery store’s AR is not certain in regards to how much they are going to collect. That is why we always work with fair estimates.
Question #7: How does this journal entry affect my tax returns? Won’t the IRS want it explained? Do they need to see it on each merchant cash advance or all in one entry?
Yoel Wagschal CPA: The IRS is not in the habit of asking to see your internal accounting unless they are performing an audit. They want to see the final result which is your tax return. This is the final report you provide to them. If you are audited then you have to substantiate your numbers and they ask for your ledger. If this happens they will see one journal entry (the one we just discussed) and they will ask how you got to those numbers. Here you will need to provide all the necessary backup, which you will undoubtedly have in your excel sheets, platforms, and correspondence. My accounting firm keeps a detailed record of all financial information we receive. When we do the final journal entry we keep and file all of the source documents that were used to calculate those numbers. We suggest you do the same not simply because the IRS may ask for them but because your investors may ask, your partners may ask, or you may need to present this information in order to diversify your business portfolio. The most important reason to have accurate and reliable financial information is, of course, that it will be used by the business owner – YOU!
Phone (845) 875-6030
Fax (845) 678-3574
Email: cjt@ywcpa.com
http://ywcpa.com
LendSaaS Embeds AdvanceIQ.ai’s SRI to Help Originators Filter, Price, and Allocate with Confidence
April 29, 2025NEW YORK, April 29, 2025 — AdvanceIQ.ai, a data intelligence platform powering smarter risk assessment and portfolio optimization in the SMB alternative lending sector, today announced a strategic partnership with LendSaaS, a leading Merchant Cash Advance (MCA) origination and servicing platform. Through this partnership, AdvanceIQ.ai’s SMB Risk Index (SRI) — a purpose-built scoring model for SMB financing — is now fully integrated into LendSaaS, providing users with fast, actionable insights directly within their existing workflows.
With SRI embedded into the platform, LendSaaS customers can seamlessly filter opportunities, price risk with greater precision, and allocate capital more effectively — all without disrupting current processes.
“LendSaaS has established itself as a key platform for MCA originators,” said Tomo Matsuo, Founder and CEO of AdvanceIQ.ai. “By integrating SRI, LendSaaS users gain instant access to tailored risk scores and portfolio intelligence, empowering them to make smarter, data-driven decisions at the top of the funnel and improve portfolio performance.”
The SMB Risk Index (SRI) is engineered specifically for the alternative SMB financing space. Trained on real-world MCA performance data, it leverages intuitive, widely adopted underwriting attributes to help originators reduce operational overhead, improve pricing strategies, and optimize capital deployment. Fully integrated into LendSaaS, SRI enhances underwriting workflows, minimizes manual effort, and supports confident, scalable growth.
“As competition in the MCA space intensifies, our customers need every advantage to assess risk quickly and confidently,” said Josh Carcione, Owner and Founder of LendSaaS. “Partnering with AdvanceIQ.ai gives them access to a purpose-built scoring model and portfolio tools that cut through the noise and drive faster, more informed decisions.”
This integration further reinforces LendSaaS’ commitment to offering a comprehensive and customizable platform that supports MCA originators from application to funding — and beyond.
About AdvanceIQ.ai
AdvanceIQ.ai is a data intelligence platform powering smarter risk assessment and portfolio optimization in the SMB alternative lending sector. The company provides the SMB Risk Index (SRI), a specialized scoring model for evaluating SMB risk profiles, as well as portfolio intelligence solutions that help originators, brokers, and investors reduce acquisition costs, improve underwriting consistency, and maximize portfolio profitability. Learn more at www.advanceiq.ai.
About LendSaaS
LendSaaS is a leading software solution in the MCA industry, known for its comprehensive suite of tools designed to streamline and optimize the lending process. From origination to servicing, LendSaaS provides lenders with the technology they need to succeed in a competitive market. Learn more at www.lendsaas.com.
Cloudsquare Unveils the Innovative Credibly Integration
March 31, 2025Los Angeles, CA – March 17, 2025 – Cloudsquare, the leading end-to-end lending platform powered by Salesforce, is once again pushing the boundaries of efficiency in the Merchant Cash Advance (MCA) industry. The company has just announced its latest API integration with Credibly, a trusted name in business financing, promising to transform how brokers and lenders manage deal submissions, approvals, and funding workflows.
With automation at the core, this integration eliminates the tedious, manual processes that slow down funding, giving brokers and lenders a direct pipeline to Credibly’s lending platform—all within Cloudsquare.
A Smarter, Faster, and More Reliable Lending Workflow
Cloudsquare’s Credibly Lender API Integration delivers a suite of powerful features designed to help brokers move deals through the pipeline faster than ever:
✅ Seamless API Submissions – Send applications directly from Salesforce to Credibly—no emails, no extra steps.
✅ Bulk File Uploads – Upload multiple documents at once, improving operational efficiency.
✅ Real-Time Status Tracking – Stay updated on submission progress and approvals instantly.
✅ Automated Decline Insights – Get detailed rejection reasons, allowing brokers to refine applications and increase approval rates.
✅ Smart File Management – Reduce storage burdens by sending secure file URLs instead of large attachments.
“Speed and efficiency are everything in MCA, and our integration with Credibly ensures brokers and lenders never lose momentum,” said Jeffrey Morgenstein, CEO at Cloudsquare.
Redefining MCA Lending with Cloudsquare
Cloudsquare continues to lead the way in MCA technology, delivering seamless integrations and smart solutions that help brokers scale their businesses with confidence. With the addition of Credibly’s API, the company reinforces its commitment to faster funding, smarter lending, and better broker-lender collaboration.
Want to see the Cloudsquare + Credibly integration in action? Visit Cloudsquare today to learn more.
About Cloudsquare
Cloudsquare is the leading end-to-end lending platform, uniquely powered by Salesforce to deliver unparalleled flexibility and innovation for lenders and brokers. With a commitment to optimizing lending processes through cutting-edge technology, Cloudsquare provides robust, scalable solutions that empower clients to achieve greater efficiency and growth. Celebrated by industry leaders, Cloudsquare has earned a place on the Inc. 5000 list as one of America’s fastest-growing companies and is consistently rated a top service provider on platforms like Salesforce AppExchange, G2, Clutch, and Manifest.
For media inquiries, please contact:
Cloudsquare Marketing
Email: marketing@cloudsquare.io
Cloudsquare Integrates With CAN Capital
February 11, 2025Los Angeles, CA – February 11, 2025 – Cloudsquare, the leading end-to-end lending platform powered by Salesforce, proudly announces the latest enhancement to its Cloudsquare Broker platform: the integration with CAN Capital’s API. This powerful collaboration empowers Merchant Cash Advance (MCA) brokers to optimize their lending operations with faster submissions, enhanced transparency, and better decision-making tools.
Cloudsquare Broker has long been recognized as the premier CRM for MCA brokers, simplifying and streamlining lending workflows. Now, with the addition of CAN Capital’s API, brokers gain access to cutting-edge features designed to elevate their performance and deliver exceptional results for merchants.
Key Features of the Cloudsquare Broker + CAN Capital Integration
- Smarter API Submission: Eliminate manual processes with direct integration into CAN Capital’s API. Submit complete applications—including all necessary documentation—in a single streamlined step, reducing errors and freeing up time to focus on closing deals.
- Transparent File Management: Upload additional documents to existing applications and monitor file statuses in real-time. Stay in control and respond quickly to lender requests for uninterrupted workflows.
- Real-Time Offers: Receive customized funding offers for your merchants as soon as they’re available. This ensures you’re equipped to present the best options confidently and quickly.
- Actionable Decline Insights: Gain detailed insights into application declines, enabling brokers to make necessary adjustments and improve future submissions for higher approval rates.
Why This Integration Matters
The Cloudsquare integration with CAN Capital is a game-changer for MCA brokers. By combining speed, accuracy, and transparency, this integration enables brokers to scale their operations effectively while delivering unparalleled value to their merchants. With over 15 lender API integrations available on Cloudsquare Broker, the platform provides unmatched flexibility and scalability to meet all your lending needs.
Seamless Implementation for New and Existing Brokers
For new brokers, combining the Cloudsquare platform with the CAN Capital integration is the ultimate solution for modernizing operations. Guided implementation ensures a quick and seamless launch, providing a rapid return on investment.
For existing Cloudsquare customers, adding the CAN Capital Lender API is effortless. With a simple license add-on and expert onboarding support, brokers can start leveraging the full power of this integration immediately.
For more information about the CAN Captial Integration, visit Cloudsquare
About Cloudsquare
Cloudsquare is the leading end-to-end lending platform, uniquely powered by Salesforce to deliver unparalleled flexibility and innovation for lenders and brokers. With a commitment to optimizing lending processes through cutting-edge technology, Cloudsquare provides
robust, scalable solutions that empower clients to achieve greater efficiency and growth. Celebrated by industry leaders, Cloudsquare has earned a place on the Inc. 5000 list as one of America’s fastest-growing companies and is consistently rated a top service provider on platforms like Salesforce AppExchange, G2, Clutch, and Manifest.
For media inquiries, please contact:
Cloudsquare Marketing Email: marketing@cloudsquare.io
Business Finance Companies on Inc 5000 List in 2024
August 13, 2024Here’s where small business finance companies rank on the Inc 5000 list for 2024:
Company Name | Ranking | Growth |
Clara Capital | 158 | 2,295% |
4 Pillar Funding | 251 | 1,620% |
Fundible | 254 | 1,611% |
Byzfunder | 303 | 1,404% |
Valiant Business Lending | 337 | 1,286% |
CapFront | 541 | 792% |
SellersFi | 974 | 523% |
SBG Funding | 1,158 | 443% |
Splash Advance | 1,238 | 418% |
Channel | 1,330 | 389% |
iAdvance Now | 1,421 | 362% |
Flexibility Capital | 1,513 | 342% |
eCapital | 1,968 | 265% |
Kapitus | 2,025 | 258% |
Merchant Industry | 2,057 | 254% |
ApplePie Capital | 2,265 | 230% |
Backd | 2,282 | 228% |
Capital Source Group | 2,306 | 226% |
Direct Funding Now | 2,323 | 225% |
Expansion Capital Group | 2,829 | 179% |
Fora Financial | 3,560 | 134% |
Percent | 4,047 | 111% |
Smarter Equipment Finance | 4,566 | 89% |
Gateway Commercial Finance | 4,598 | 88% |
Did we forget you?! Let us know at info@debanked.com and we’ll add you.
Cloudsquare Unveils Cloudsquare Lend: The Most Secure and Robust End-to-End Lending Platform, powered by Salesforce
June 17, 2024Los Angeles, CA – June 17, 2024 – Cloudsquare, a leader in the LOS/LMS platform arena and a renowned Salesforce consulting partner specializing in alternative lending solutions, proudly announces the general availability of Cloudsquare Lend. This revolutionary end-to-end loan management system is meticulously crafted to empower small business lenders with unparalleled efficiency and scalability.
Cloudsquare Lend stands as a beacon of innovation, offering a highly flexible, scalable, and customizable loan management platform built on the robust Salesforce ecosystem. This groundbreaking solution seamlessly integrates all lending processes, providing deep business insights and automating the entire funding journey, all without the need for coding expertise.
“Cloudsquare Lend was developed in response to a pressing industry need for a comprehensive platform capable of managing all facets of the lending process,” stated Jeffrey Morgenstein, CEO of Cloudsquare. “Our solution scales effortlessly, empowering users with the ability to configure the platform independently, thus eliminating the dependency on service providers and development costs. Our mission is to deliver the most robust end-to-end lending platform, ensuring our clients can thrive and adapt as their business evolves.”
Gerbian King, CEO of Fundr shared, “Partnering with Cloudsquare was one of the best decisions we made for our business. Their hands-on approach, responsiveness, and commitment, to delivering results have elevated our operational capabilities and positioned us for long-term success.”
Cloudsquare Lend highlighted features include:
- Loan Origination: Automated workflows; KYC; underwriting automation; credit, Thomson Reuters CLEAR, and Plaid integrations; email submissions, duplicate submission management, referral source management, pricing, stipulation management, e-sign contract integrations
- Loan Servicing: ACH integrations, same day and next day processing, payment auto-scheduling, concurrent payment schedules, fees and collections automation, streamlined funding and disbursements, white-labeling, merchant statements
- Syndication: Syndicator onboarding, flexible fee settings, remittance automation and reporting, participation portal
- Secure and Compliant: Built on the Salesforce platform, Cloudsquare Lend leverages Salesforce’s robust security infrastructure, which includes encryption, advanced threat detection, and compliance with global standards like GDPR, HIPAA, and ISO 27001. Salesforce’s dedication to security ensures that sensitive financial data is protected against unauthorized access and breaches, offering a more secure alternative compared to other platforms.
Dennis Mikhailov, COO of Cloudsquare, added, “Our extensive experience in providing technology solutions to leading players in the alternative lending industry has underscored the need for a reliable, robust, scalable, and affordable platform. We have not only met these needs but continue to listen to and collaborate with our customers to prioritize our development roadmap, consistently delivering updates that enable them to fund smarter, faster, and more efficiently.”
Discover how Cloudsquare Lend can revolutionize your lending operations by visiting https://link.cloudsquare.io/Nbhf.
About Cloudsquare
Cloudsquare, is a robust LOS/LMS platform and premier Salesforce consulting partner specializing in solutions tailored for alternative lending. We pride ourselves on being the provider of choice for ambitious, forward-thinking organizations aiming to elevate their operations to the next level. Cloudsquare’s excellence has been recognized by industry leaders, is listed on the Inc. 5000 as one of America’s fastest-growing companies and is consistently rated as a top service provider on platforms like Salesforce AppExchange, G2, Clutch and Manifest. For more information, please visit https://link.cloudsquare.io/RYuO.
Business Loan Seekers Likely to Consider Numerous Options, Study Says
April 25, 2022New data published in the annual FinTech Lending Study published by Smarter Loans revealed that 40% of business loan seekers compare more than six options.
Though this study focused on the Canadian market, it may partially explain a finding in the US, that more small business owners seeking capital are seeking out a merchant cash advance as a potential option than ever more. (A Federal Reserve study said that 10% of SMB capital seekers sought a merchant cash advance in 2021). That would make sense if business owners are obsessively applying to multiple sources for the sake of making more comparisons.
But even while they shop, they might not always be satisfied with what they learn, nor the outcome. Smarter Loans reported that only 60% of business loan seekers felt informed about their options while 40% of business owners that went forward with a business loan were not satisfied with their loan provider.
When examining both the business loan and consumer loan market, Smarter Loans says that loan seekers are more likely to receive their funds the same day they apply than ever before. (53% of those surveyed received funds within 24 hours of applying.)
Click here To view the full 2022 FinTech Lending Study published by Smarter Loans.
FUNDED $40K Towing Company in Michigan... the smarter merchant is ready to fund if you have any submissions, please call me to discuss (212.803.3320 x110 ) or email joseph@thesmartermerchant.... |
FUNDED $75K Restaurant in Texas... the smarter merchant is ready to fund if you have any submissions, please call me to discuss (212.803.3320 x110 ) or email joseph@thesmartermerchant.... |
Trying To Finish Up the Month Strong... funded $30k liquor store in louisiana thank you all the submissions and getting these deals funded. the smarter merchant is ready to fund if you hav... |

See Post... the smarter merchant - mixed sentiment whether or not they are currently funding, , other funders that mentioned they will entertain weekly:, 24 capital, clearfund solutions, east shore equities, irm capital, lending valley, queen funding, tvt capital, unique funding solutions, vitalcap fund, , confirmed seen queen doing a bunch of weeklies recently.... |
See Post... the smarter merchant - mixed sentiment whether or not they are currently funding, , other funders that mentioned they will entertain weekly:, 24 capital, clearfund solutions, east shore equities, irm capital, lending valley, queen funding, tvt capital, unique funding solutions, vitalcap fund... |
See Post... the smarter merchant - mixed sentiment whether or not they are currently funding... |