Articles by deBanked Staff
California Partnered With a Revenue Based Financing Provider
January 13, 2026On the California Small Business Loan Match website operated by The California Infrastructure and Economic Development Bank (IBank), is a list of vetted partner small business lenders that the state guarantees loans for. One of those lenders is AltCap California which actually offers revenue based financing.
At face value, AltCap describes the cost of its revenue based financing as having to pay up to 7.5% of monthly revenue with a total cost of 1.4x to 1.5x. Its multi-part video education series describes revenue based financing costs as working in the following way:
Repayment Cap: Multiple of the total loan amount used to calculate the set dollar amount to be repaid. (Total Cost of Capital)
Repayment Rate: Share of revenue taken to repay the loan. (Holdback %)
It reinforces this in its Case Study example of Juice Boost (the 2nd video) where it explains that the metrics used to calculate the cost of Revenue Based Financing are the Repayment Cap (factor rate) and Repayment Rate (holdback %).
In its final video, the 4th video, it tells borrowers to inquire about APRs to make comparisons against companies like Square, Amazon, Stripe, and Shopify.
“Revenue-Based Financing allows small businesses to raise funds by pledging a percentage of future, ongoing revenues in exchange for capital provided by a lender,” the website says. “Revenue-Based Financing is different than debt financing. Interest is not paid on an outstanding loan balance and there are no fixed payments. Instead, payments are proportional to a firm’s performance, offering a flexible, patient source of financing.”
Factor Gives Update on “Killing MCAs” in Texas
January 9, 2026Cole Harmonson, CEO of Dare Capital and a board member for the American Factoring Association, posted an update last month on the recent Texas MCA legislation and campaign to “fight the MCA cronies.” It appeared on the Commercial Factor’s magazine website. You can read it here.
Harmonson shared his strategy on how to kill MCAs in Texas, which focuses mainly on the DACA component of securing a first position: “If you get the Springing DACA, then the bank will not give anyone else (i.e., an MCA) a DACA, and therefore no MCA can legally sweep your customer’s account, thereby killing the MCAs in Texas,” he wrote.
Harmonson had previously shared that the factoring industry had been responsible for the MCA legislation in Texas and that it served as a “blueprint,” suggesting that a similar legal framework could be attempted in other states.
New Year, New Lenders?
January 5, 2026There’s a couple new lenders on the block to keep an eye on.
One of them is named Slope. Backed by both JPMorgan and OpenAI CEO Sam Altman, Slope offers revolving lines of credit up to $5 million. And they’re already out there. Seemingly overnight they’ve become capital providers for a number of large e-commerce platforms including Amazon and Walmart and are now listed alongside Parafin on both. When they announced their deal last year with JPM, they said that the US embedded financing market was worth $20 billion and that the B2B economy was $125 trillion. Slope is also offering a new AI underwriting tool.
Another is named Uncapped. Walmart says that Uncapped offers term loans while Amazon says that Uncapped offers lines of credit. The Uncapped website says that they offer loans from $10,000 to $2 million and that they accept business from business loan brokers. The company was technically founded in 2019, but in the UK.
Walmart MCA Video Commercial
January 5, 2026Want to see how Walmart is marketing its MCA program?
Check out this commercial:
Walmart became a direct merchant cash advance funder in 2024. You can learn more about it here. Walmart also works with third parties such as Payoneer, Parafin, and Uncapped.
Indictment in the Small Business Finance Industry’s “Long Running Mysterious Fraud”
December 22, 2025
There has been a major break in the case of the industry’s Long Running Mysterious Fraud, an indictment. Less than a year after deBanked ran a story about a sophisticated scheme employed to steal millions from merchants, funders, and lenders through a network of stolen identities and cryptocurrency exchanges, a criminal complaint was quietly filed under seal on February 24, 2025 against an individual named Saul Shalev with addresses in Brooklyn and Israel. He is currently thirty-six years old. On August 20, 2025 that complaint progressed to a sealed indictment and on October 3, 2025 all the filings were finally made public.
Shalev may still be at large. He has dual American/Israeli passports. The original criminal complaint states that he traveled to Israel in February 2019 and had not returned to the United States since. IP addresses, email accounts, and other internet data were used by law enforcement in its investigation. The criminal complaint says that the scheme was still going on earlier this year and that more than 25 victims of the scheme have already been identified.
Shalev, who is innocent until proven guilty, is charged with Wire Fraud, Money Laundering, Aggravated Identity Theft, and Aiding and Abetting.
Less Than Two Months Until deBanked MIAMI
December 15, 2025FEB 12, 2026 IS JUST AROUND THE CORNER!
BROKERS, FUNDERS, LENDERS, AND MORE!
deBanked CONNECT MIAMI returns to the Fontainebleau on February 12, 2026. After last year’s massive turnout, it is anticipated to be deBanked’s largest event of 2026.
To sponsor, contact: events@debanked.com
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QuickBooks Capital Originates $1.3B in Latest Fiscal Quarter
December 10, 2025Intuit’s QuickBooks Capital is growing tremendously. The company originated $1.3B in term loans to small businesses for the fiscal quarter ending October 31, 2025, a 100% increase over the same period last year.
For the company’s previous full 2025 fiscal year which ended on July 31, 2025, the company had originated $3.5B in term loans, up from $1.8B in FY 2024. The figures put them near the top of all online small business lenders that deBanked tracks.
Intuit hardly mentions its term loan business in its quarterly earnings since other business lines including the QuickBooks software, TurboTax, and Mailchimp dominate. The term loans are marketed inside the QuickBooks software in a style of marketing known as embedded lending. The loans are technically issued by bank partners and Intuit buys the loans back from them.
Comments On the CFPB’s Proposed Changes to Section 1071 Applicability
December 2, 2025With the CFPB having proposed a revision to the Small Business Lending Data Collection Rules, public commentary is being accepted on it through December 15th.
Fifty-two comments have been submitted so far with the majority of them being publicly accessible online. “Agencies review all submissions and may choose to redact, or withhold, certain submissions (or portions thereof),” the Federal Register says. “Submitted comments may not be available to be read until the agency has approved them.” Comments can be signed on behalf of an individual, an organization, or anonymously. Comments can be submitted here.
If you are planning to submit a comment, consider consulting with an industry trade association before doing so.
