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CAPEDGE Launches to Serve Mid-Sized UK Businesses with £500K–£3M Flexible, Fast Business Loans

April 10, 2025
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Altrincham, UK – 4/10/2025 – A new player has entered the UK’s mid-market lending space. CAPEDGE has officially launched, offering loans from £500,000 to £3,000,000 to mid-sized UK businesses seeking capital for growth, acquisitions, refinancing, bridging, and other strategic initiatives.

Designed specifically to meet the needs of businesses underserved by traditional banks, CAPEDGE delivers:

  • More flexibility than banks, including higher loan-to-value (LTV) ratios
  • Faster turnaround times, with funding possible in days, not weeks or months
  • A relationship-based underwriting approach that looks beyond the numbers
  • Larger loan amounts than many non-bank lenders, who often cap out well below £3 million
  • The ability to provide short-term bridging loans – including for businesses awaiting a sale, fundraise, or refinance

CAPEDGE is actively building a network of trusted referral partners, including accountants, corporate debt advisors, investment bankers, lawyers, and business brokers, who work closely with growing UK companies.

“CAPEDGE was created to serve a segment of the market that often falls between the cracks of traditional lending,” said David Goldin, CEO of CAPEDGE. “Our value lies in our ability to move quickly and to provide capital where others may not — not because of high risk, but because we take the time to truly understand the business and its potential.”

While CAPEDGE is a new brand, it’s built on a strong foundation: it is part of the Capify family, a well-established alternative finance provider that has been supporting businesses in the UK and Australia since 2008.
For more information or to become a referral partner, visit www.capedge.co.uk.

About CAPEDGE

CAPEDGE is a UK-based alternative lender that provides flexible business loans from £500K to £3M to mid-sized companies. With a focus on speed, certainty, and relationship-driven underwriting, CAPEDGE supports businesses seeking capital for growth, acquisitions, and refinancing. CAPEDGE is headquartered in Altrincham and is part of the Capify group of companies, which has been operating in the UK and Australia since 2008. The UK operation currently employs approximately 85 team members.

For more details about CAPEDGE, visit: www.capedge.co.uk

Media enquiries
Ash Yazdani, Marketing Director
ayazdani@capedge.co.uk

Cloudsquare Launches IntelliParse to Automate Application Intake and Financial Analysis—powered by Heron

April 9, 2025
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Los Angeles, CA – April 9, 2025Cloudsquare, a leading provider of cloud-based lending platforms, today announced the launch of IntelliParse, a proprietary AI engine built to eliminate manual document processing and accelerate deal flow. Now integrated into Cloudsquare’s Origination Module, IntelliParse streamlines borrower intake, automates data extraction, and delivers real-time financial analysis—making underwriting faster, intelligent, and more scalable.

To enhance its financial parsing capabilities, IntelliParse integrates directly with Heron Data, a pioneer in AI-powered workflow automation. Heron’s platform uses advanced machine learning and large language models to automate document-heavy workflows—transforming how businesses extract, enrich, and sync financial data at a scale.

“IntelliParse is built for funders who need speed, precision, and automation across the entire intake process—without breaking the bank,” said Jeffrey Morgenstein, CEO of Cloudsquare. “Heron isn’t just a parsing tool; it’s one of the most trusted and continuously evolving AI/ML technologies in space. Heron has a deep understanding of the MCA industry and the key data points that funders need with over 130 funding customers, making them a powerful and reliable solution for funders who demand both accuracy and affordability.”

IntelliParse Unlocks Major Efficiency Gains for Funders and Brokers:

AI-Powered Application Parsing
IntelliParse dramatically reduces intake time by automatically extracting key borrower information—including business name, requested amount, entity type, and contact details—from scanned PDFs and email attachments. Using advanced OCR and machine learning, it instantly syncs all data into the Cloudsquare platform. This enables teams to process more submissions in less time, eliminate costly manual errors, and accelerate approvals without increasing headcount.

Bank Statement Analysis
Integrated with Heron Data’s industry-leading transaction intelligence, IntelliParse transforms static bank statements into real-time financial insight. It analyzes cash flow patterns, flags NSFs, detects potential fraud and uncovers actual revenue — all without requiring manual effort. The system also identifies recurring payments—revealing hidden debts and financial obligations that enhance underwriting accuracy and reduce risk.

Unlike standalone solutions that require teams to build custom dashboards or workflows, IntelliParse comes ready to use within the Cloudsquare platform. A pre-built, intuitive dashboard gives customers immediate access to actionable insights—eliminating technical lift and accelerating time to value.

“We’re proud to support IntelliParse by bringing Heron’s real-time financial intelligence into Cloudsquare’s platform,” said Johannes Jaeckle, CEO of Heron Data. “Our mission is to remove repetitive, manual work so teams can focus on smarter decisions—and this integration does exactly that.”

For more information or to schedule a demo, visit our website.

Media Contact – Cloudsquare
Cloudsquare Marketing Email: marketing@cloudsquare.io
https://cloudsquare.io/

Media Contact – Heron Data
Byron Henry
Product Owner – SMB Lending
byron@herondata.io
www.herondata.io

Onset Financial Acquires Channel Forming One of the Largest Independent Equipment Finance Lenders

April 8, 2025
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channel onsetDraper, UT, and Minnetonka, MN (April 8, 2025) – Onset Financial, one of the nation’s fastest-growing independent equipment leasing companies, today announced it has acquired Channel and its subsidiaries, a premier provider of equipment finance and working capital solutions for small business.

This strategic acquisition brings together two of the industry’s most innovative and financially strong independent finance companies, creating an unmatched platform with the scale, expertise, and resources to meet the evolving needs of businesses across all segments. For more than 16 years, Onset has been a driving force in equipment finance, facilitating over $5 billion in funding, with more than $1 billion in the past year alone. With a proven track record across industries including manufacturing, healthcare, energy, aviation, and technology, Onset has built a reputation for exceptional deal structuring, capital strength, and a relentless focus on customer and team member success. Recognized as a Monitor Magazine Top 100 and Independent Finance Company, Inc. Magazine Best Workplace, and Salt Lake Tribune Top Workplace, Onset’s growth trajectory and industry leadership continue to set it apart.

Since its founding in 2009, Channel has provided over $3 billion in financing to more than 30,000 businesses, earning widespread recognition for its data and technology-driven approach, deep industry relationships, and commitment to its partners. Its accolades include listing on Inc. Magazine’s Fastest Growing Companies list for 12 consecutive years. The company has also been recognized as a Top Workplace by Inc. Magazine, Minnesota Star Tribune, and on Monitor Magazine’s Top Companies list for both Culture and Leadership, all of which reflect a reputation built on trust, service, and innovation. Channel has developed industry superior systems and processes that enable it to deliver a best-in-class financial product to its partners, enhancing efficiency and service.

By joining forces, Onset and Channel are setting a new standard for what a fiercely independent finance company can achieve. This partnership amplifies their collective ability to be nimble, creative, and hyper-focused on innovation, culture, and lasting partnerships. Importantly, the Channel brand and subsidiaries will continue, and the full leadership team and employees will remain in place, ensuring continuity without any disruption for its partners and customers. Onset gains expanded capabilities in small-ticket financing and exclusive partner-based funding models, while Channel benefits from increased capital access and accelerated growth. Together, they create a dynamic, best- in-class lending platform that combines flexibility, scale, and operational strength to deliver groundbreaking financial solutions with a partner-centric focus.

“This acquisition positions us to lead the independent equipment finance space with unmatched resources, expertise, and combined financial strength,” said Justin Nielsen, Founder & CEO of Onset Financial. “The exceptional leadership, industry experience, and culture that the Channel team brings to the table are a perfect match with Onset. Their deep partner network and technology-driven approach, combined with our large-scale leasing capabilities, create a powerhouse of innovation and service. We are excited for the near-term growth opportunities this creates, as we combine forces to build an even stronger future. Together, we’re not just expanding our reach, we’re setting a new standard for excellence, agility, and partnership in the industry.

“This is a defining moment for Channel,” said Brad Peterson, Co-Founder and CEO of Channel. “From my first conversation with Justin, it was clear that Onset operates with a bold, forward-thinking approach that sets them apart. Their vision, leadership, and ability to execute at scale are truly impressive. Our united strength in both financial foundation and proven expertise, positions us extremely well for projected expansion. What excites me most, however, is not just the financial strength they bring, but their entrepreneurial spirit, like-minded culture, and commitment to collaboration. With Onset, we’re ready to build and transform what is possible in our industry for our partners and customers.”

Established in financial strength, industry expertise, and progressive culture, the newly combined organization will offer a powerful alternative to traditional lending institutions, providing businesses with the agility, service, and tailored financing solutions they need to thrive.

Onset’s legal counsel was Ray Quinney & Nebeker. Keefe, Bruyette & Woods, a Stifel Company, served as financial advisor to Channel, and Simpson Thacher & Bartlett LLP served as its legal advisor.

About Onset Financial, Inc.
Founded in 2008, Onset Financial, Inc. is an industry leader in equipment leasing and financing. Onset’s seasoned Management Team has decades of equipment leasing experience and key industry relationships that enable Onset to offer additional flexibility in lease structuring. For more information, please call 801-878-0600 or visit www.onsetfinancial.com.

About Channel
Established in 2009, Channel is a leading full-service independent lender offering a single source solution for both equipment finance and working capital to small businesses. To date, Channel and its subsidiaries have funded over $3 billion to more than 30,000 businesses across the U.S. The organization is comprised of three business divisions that operate from its main office in Minnetonka, MN, along with additional locations in Kennesaw, GA, Mount Laurel, NJ, Des Moines, IA, and Marshall, MN. For more information about Channel, please visit www.channelpartnersllc.com.

Fundfi Merchant Funding Expands Senior Credit Facility to Accelerate Growth in Revenue-Based Financing

April 7, 2025
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NEW YORK, NY — April 7, 2025 — Fundfi Merchant Funding, a leading provider of revenue-based financing solutions for small and medium-sized businesses, today announced the successful expansion of its senior credit facility. This strategic financial move will enable Fundfi to increase its funding capacity and support more businesses across various industries.

The expanded credit facility strengthens Fundfi’s position in the alternative lending space and allows the company to meet the growing demand for flexible, revenue-based financing options among entrepreneurs and business owners seeking capital without diluting equity.

“This expanded credit facility marks a significant milestone in Fundfi’s journey and reflects the confidence our financial partners have in our business model and growth trajectory,” said Efraim Kandinov, CEO of FundFi Merchant Funding. “By increasing our lending capacity, we can help more businesses access the capital they need to innovate, expand, and thrive in today’s competitive marketplace. Our revenue-based financing approach continues to resonate with entrepreneurs who value flexibility and alignment with their business performance.”

The increased credit facility will enable Fundfi to extend its reach to underserved markets while enhancing its product offerings to meet diverse business needs.

“The expansion of our senior credit facility provides Fundfi with enhanced financial flexibility and improved terms that will directly benefit our clients,” said Natasha Dillon, CFO of FundFi Merchant Funding. “This achievement reflects our strong financial performance, robust underwriting standards, and the growing recognition of revenue- based financing as a viable alternative to traditional funding options. We’re excited to deploy this additional capital to support innovative businesses that drive economic growth and job creation.”

Fundfi’s revenue-based financing model allows businesses to repay their funding as a percentage of future revenues, creating an aligned incentive structure that adapts to business performance. This approach has proven particularly valuable for seasonal businesses and companies with irregular cash flow patterns.

About FundFi Merchant Funding

Fundfi Merchant Funding is a leading provider of revenue-based financing solutions, helping small and medium-sized businesses access growth capital without sacrificing equity or control. With a streamlined application process and flexible repayment terms, Fundfi has established itself as a trusted financial partner for entrepreneurs across various industries and across the United States and Canada. For more information, visit www.fundfimerchantfunding.com.

NMEF Acquires Pawnee, Marking a Significant Milestone of Growth and Industry Leadership

April 1, 2025
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north mill equipment financeApril 1, 2025, NORWALK, CT – North Mill Equipment Finance LLC (“NMEF”), a leading independent commercial equipment lender and lessor headquartered in Norwalk, Connecticut, is pleased to announce that it has closed on its acquisition of Pawnee Leasing Corporation and certain other assets (“Pawnee”) from an affiliate of Chesswood Group Limited (“Chesswood”) pursuant to final approval from the U.S. Bankruptcy Court for the District of Delaware as a result of a court-supervised Sale and Investment Solicitation Process initiated in Canada in December 2024. NMEF acquired substantially all of Pawnee’s assets, while certain excluded assets and liabilities were transferred to a newly formed entity, which will remain subject to Canadian and U.S. restructuring proceedings.

With the addition of the Pawnee portfolio of leases and loans, NMEF’s total gross receivables under management now exceed $2 billion, marking a significant milestone in the company’s growth trajectory. The Pawnee and Tandem brand names will be retired, and no new originations will occur under Pawnee’s former referral partner programs. The servicing of Pawnee’s managed investment partnerships has been transferred to NMEF. More than half of Pawnee’s former employees are joining NMEF and will be located mostly in Ft. Collins, Colorado. These highly skilled professionals—primarily in Collections, Legal Recoveries, Data Analytics, Customer Service, and Accounting—demonstrated exceptional resilience and dedication throughout a challenging transition.

“We are thrilled to finally complete the acquisition of Pawnee after years of discussions with Chesswood,” said David C. Lee, Chairman and CEO of NMEF. “Pawnee has been in business for over 40 years and was the gold standard for referral partner-based small-ticket equipment financing—so much so that we modeled many aspects of NMEF’s business strategy around Pawnee following our recapitalization in 2018. Through no fault of Pawnee’s first-rate management team, the company endured financial distress when Chesswood filed for creditor protection in Canada and Delaware in late 2024, ultimately resulting in the court- sanctioned sale to NMEF.”

“The acquisition of Pawnee is immediately accretive to NMEF,” said Mark Bonanno, President and Chief Revenue Officer of NMEF. “We successfully refinanced approximately 50% of Pawnee’s assets at significantly improved cost of funds and leverage levels, driving an attractive return on equity for our stakeholders.”

“We went from court approval to closing in just over three weeks which was only made possible by the incredible collaboration between our companies,” said Tom Lyle, Executive Vice President and Chief Operating Officer. “I couldn’t be more impressed by how our two teams, aligned around a common goal, came together and delivered. I have the highest respect for the former Pawnee team and am excited to welcome them into the NMEF family – stronger together.”

Truist Securities, Inc. acted as exclusive U.S. financial advisor to NMEF, while Oaklins Canada served as NMEF’s Canadian financial advisor. Legal counsel for NMEF was provided by Moore & Van Allen (U.S.) and Blake, Cassels & Graydon LLP (Canada). FTI Consulting Canada Inc. served as the court-appointed Monitor of Chesswood, including Pawnee. Legal counsel for the Monitor was provided by Osler Hoskin and Harcourt LLP (Canada), Alston & Bird LLP (U.S.), and Young Conaway Stargatt & Taylor LLP (Delaware).

About NMEF

NMEF originates and services small to mid-ticket equipment leases and loans, ranging from $15,000 and to $5,000,000, for many diversified industry segments including the construction, transportation, vocational, medical, manufacturing, technology, franchise, renovation, janitorial and material handling industries. NMEF is majority-owned by an affiliate of InterVest Capital Partners. The company’s headquarters are in Norwalk, CT, with regional offices in Irvine, CA, Ft. Collins, CO, Voorhees NJ, Murray, UT, and Montego Bay, Jamaica. For more information, visit www.nmef.com. Taycor Financial operates as an independent division of NMEF, with a focus on developing direct and vendor origination programs. For more information, visit www.taycor.com. One of NMEF’s controlled affiliates, BriteCap Financial LLC, is a leading non-bank lender providing small businesses with fast, convenient financing alternatives such as working capital loans from its main office in Las Vegas, NV. For more information, visit www.britecap.com.

Cloudsquare Unveils the Innovative Credibly Integration

March 31, 2025
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cloudsquare logoLos 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

TBF Announces Development of Commercial Debt Pricing Algorithm

March 25, 2025
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Provides lenders and lessors competitive prices for distressed accounts

HIGHWOOD, IL, March 25, 2025 – TBF has announced the development of a proprietary algorithm – its Data Driven, True Market Pricing – to calculate the value of commercial debt. The company is using the algorithm to offer lenders and lessors competitive prices for non-performing equipment loans and leases, commercial bank loans, online small business loans, lines of credit, merchant cash advances (MCAs) and commercial credit card accounts in the United States, said CEO Brett Boehm.

“The pricing algorithm is based on debt recovery data from more than 27 years in the business, through every economic cycle. This includes detailed data on all types and grades of commercial paper,” Boehm explained on the company’s new website.

“Our CFO Adam Boehm developed the algorithm to ensure the prices we quote are aggressive while still reflecting the fair market value of the assets. You want to offer the highest, realistic price for the debt that benefits the seller and also your business,” he noted.

“If you pay too much for commercial debt, then you lost on the deal at the time of closing. The crux of this business is buying right. TBF has that in spades based on its history of recovery data.”

Debt acquisition is a long established practice in commercial finance. In 1998, TBF was the first company to buy charged-off equipment leases, and since then has expanded to acquire a variety of commercial debt from equipment finance companies, banks, online commercial lenders and merchant cash advance businesses.

The company specializes in pool sizes starting at $5 million to more than $100 million, typically buying non-performing commercial accounts after they have been worked internally and reached the charge-off stage. They may have personal guarantees or no personal guarantees, be secured or unsecured, pre-agency or post-agency, or pre-litigation and/or reduced to judgment.

The Technology and People Behind TBF

TBF’s new website provides insights into its pricing algorithm and debt buying process. The site also features photos and background highlighting the people behind the company – a growing team dedicated to helping lenders and lessors recover value from their distressed accounts, Boehm said.

About TBF

TBF is the leading purchaser of non-performing equipment leases, commercial bank loans, online small business loans, merchant cash advances and commercial credit card accounts in the United States. For more information visit tbfgroup.com, call 847.267.0600 or connect with us on LinkedIn and X.

BriteCap Financial Expands Team to Support Growth

March 10, 2025
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LAS VEGAS, NV – March 7, 2025 – BriteCap Financial, a leading provider of tailored financial solutions for small businesses, has announced the addition of three key hires to support its continued growth: Cary Thomas as Director of Collections, Sherri Johnson as Senior Accountant, and Amy Thompson as Digital Brand and Content Manager. These strategic hires

underscore BriteCap’s dedication to operational excellence, financial strength, and brand innovation.
“Building a world-class team is essential to delivering exceptional value to our customers and driving sustainable, smart growth,” said Richard Henderson, CEO of BriteCap Financial. “These new additions bring valuable expertise that will enhance our operations and elevate our brand presence.”

Cary Thomas joins BriteCap as Director of Collections, bringing a wealth of expertise in financial recovery and collections management. With his extensive background in optimizing recovery strategies, he will lead initiatives to enhance efficiency, improve collection processes, and uphold strong client relationships. Thomas’s leadership and strategic approach will play a key role in strengthening BriteCap’s financial operations while maintaining a customer-centric focus.

Sherri Johnson has been appointed as Senior Accountant after making a significant impact as a contractor. With a strong track record of driving operational efficiencies, Johnson will contribute to enhancing the company’s financial stability and supporting its long-term growth.

Amy Thompson, joins BriteCap as Digital Brand and Content Manager, bringing her expertise in visual storytelling and strategic content creation to help elevate BriteCap’s digital presence.

Thompson will focus on crafting compelling visuals and engaging content across digital platforms to strengthen brand recognition, deepen customer connections, and amplify the company’s marketing impact.

BriteCap Financial, a proud member of the NMEF family of companies, has recently gained recognition for a series of strategic initiatives, including securing a $150 million credit facility last year and expanding its leadership team to position the company for long-term growth. With a focus on innovation and a customer-centric approach, BriteCap continues to enhance its product offerings, including attractive term loans for small businesses and a seamless online checkout system designed for merchant and broker convenience.

“We are excited about the momentum we are building and remain focused on driving long-term shareholder value while delivering innovative financial solutions to our customers and our broker partners who serve them,” added Henderson.

For more information about BriteCap Financial and its suite of financial solutions, visit www.britecap.com.

About BriteCap Financial

BriteCap Financial, as part of the NMEF family of companies, is a leading provider of working capital loans for America’s small business owners. Since 2003, BriteCap has been combining technology, an extraordinary experience, and non-traditional credit algorithms to provide fast, convenient and affordable working capital loans directly to businesses or through their exclusive network of broker partners. If you wish to be considered for joining our exclusive broker partner network, please visit https://www.britecap.com/partners.

Media Contacts:
For BriteCap:
David Schneider
Vice President of Marketing
BriteCap Financial, www.BriteCap.com
david.schneider@britecap.com
954-494-1606

For NMEF:
Blair Dawson
SVP, Chief Marketing Officer
NMEF, www.nmef.com
bdawson@nmef.com
203-354-1710