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DataMerch.com to Release Updated Version 2.0 of Online Database

March 10, 2020
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DataMerch develops refreshed version of online database and updates records count Tampa, March 10th, 2020 /DeBanked/ — DataMerch.com, an online underwriting database for the alternative financing industry, announced they will be releasing version 2.0 in March 2020. DataMerch has designed a refreshed look of the site with improved the functionality. DataMerch took these steps to […]

Kabbage Launches Kabbage Insights™, Allowing Small Businesses To Take Control of Their Cash Flow With Just a Few Clicks

March 4, 2020
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The free tool gives U.S. small businesses 24/7 analysis of their upcoming cash position ATLANTA – March 4, 2020 – Kabbage, Inc. today launched Kabbage Insights, a fully automated tool that calculates and predicts cash-flow patterns to help small businesses identify cash surpluses and deficits. With the launch, Kabbage addresses one of the most vexing […]

Funding Metrics Announces New $100 Million Revolving Credit Facility

March 4, 2020
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Bensalem, PA, March 4, 2020 – Funding Metrics, LLC (the “Company”) announced today the closing of a new $100 million revolving credit facility with a multi-billion dollar institutional credit fund. The Company will use the funds to expand and accelerate the growth of its small business funding platform. Brean Capital served as exclusive financial advisor […]

Craig Hecker Acquires Stake in Bitty Advance

February 21, 2020
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Fort Lauderdale FL – February 21, 2020: Craig Hecker has acquired an equity stake in Bitty Advance. Hecker is a pioneer and leader in the merchant cash advance industry who founded, grew, and sold Rapid Capital Funding. Bitty Advance CEO Edward Siegel first crossed paths with Hecker in 2009 when Siegel was employed by Rapid […]

TBF Financial buys $100 million of charged-off loans, leases and merchant cash advances from fintechs, banks, lessors

January 14, 2020
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TBF Financial

DEERFIELD, IL, Jan. 14, 2020 – Commercial debt sales by fintech lenders, equipment leasing companies and banks are on the rise, with major companies striking deals to sell non-performing loans, leases and merchant cash advances after charge-off, reports Brett Boehm, CEO of TBF Financial. TBF closed transactions in December totaling $100 million. The three largest deals […]

Merchant Cash Advance Industry Pioneer David Goldin Launches Lender Capital Partners To Provide Financing To Merchant Cash Advance / Alternative Business Loan Providers

November 5, 2019
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Lenders Capital Partners

White Plains, NY – November 5, 2019 – David Goldin, one of the merchant cash advance industry pioneers who founded one of the first US merchant cash advance providers in 2002, Capify (formerly known as AmeriMerchant), that later expanded to the UK and Australia has partnered with a subsidiary of Basepoint Capital, a seasoned specialty […]

CAN Capital Announces New CCO

October 15, 2019
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We are proud to announce that we have hired David Lafferty as CAN Capital’s new Chief Credit Officer (CCO.) Lafferty brings his expertise in commercial lending, business development, operational planning and profit & loss management to the CAN Capital team. Lafferty has over twenty years of proven experience providing financial services to small businesses. He […]

BFS Capital Eliminates Upfront Fees to Simplify Financing for Small Business Owners

October 1, 2019
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BFS Capital Logo

Enhanced website streamlines lead-to-loan process for customers and partners CORAL SPRINGS, FLA. (Oct. 1, 2019)—BFS Capital, a leader in small business financing, today announced it has eliminated all upfront fees on its financing solutions, including loans and business advances, as it simplifies pricing for small business owners. With pricing that is transparent, flexible and easy […]

Nationwide Management Services Adds New Features To Its Virtual Site Inspections

September 20, 2019
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John Marsh

MARICOPA, Arizona, September 20, 2019— Nationwide Management Services Inc. (NMSI) announced two new features have been added to its Virtual Site Inspection Software that will change the merchant cash advance and small business lending industries. NMSI’s new features are Pinch to Zoom/Remote Synchronized Zoom and Text Extract using OCR (Optical Character Recognition). With Pinch to […]

TBF Financial Buys $60 Million in Commercial Debt from Major Online Lender

September 10, 2019
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brett boehm

DEERFIELD, IL, Sept. 10, 2019 ─ TBF Financial purchased nearly $60 million in non-performing loans from a major online small business lender in recent transactions, CEO Brett Boehm announced today. TBF bought the pools of post-charge-off loans as the highest bidder in transactions arranged through multiple brokers. In most cases, the company purchases directly from […]

Lending Valley Originates Over 100 Micro Deals in Debut

September 6, 2019
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Lending Valley Logo

Brooklyn, NY – Lending Valley has originated 100 fundings to small businesses since the company’s debut in early June. The company was founded by small business finance veteran Chad Otar, the former CEO and co-founder of Excel Capital Management. Lending Valley focuses on micro funding deals of $1,500 to $10,000 with a variety of available […]

OnDeck Taps Bank Veteran to Lead ODX Sales and Strategy

July 23, 2019
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Lonnie Hayes

BBVA USA Veteran Lonnie Hayes Joins New Business Unit Serving Banks NEW YORK – OnDeck® (NYSE: ONDK), the leader in online lending for small business, today announced the appointment of Lonnie Hayes as the Head of Sales and Strategy for ODX, a wholly owned subsidiary of OnDeck that assists banks with streamlining and digitizing small […]

CAN Capital Welcomes John McNeill, New Chief Financial Officer

July 23, 2019
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can capital logo

Kennesaw, GA — CAN Capital, a leading provider of small business working capital loans, is pleased to announce the hiring of John McNeill as its new Chief Financial Officer (CFO). McNeill brings to the company a deep expertise in corporate finance, accounting, treasury and a growth orientation well suited for CAN’s current expansion. McNeill has […]

SecurCapital Acquires Breakout Capital Finance’s Lending Business

July 17, 2019
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breakout capital

Supply chain and logistics company acquires the lending business of leading fintech small business lender and injects new equity capital MCLEAN, VA — SecurCapital Corp, an expanding supply chain and financial services provider headquartered in California, today announced the acquisition of the lending business of Breakout Capital Finance, a leading fintech company and nationwide small […]

Expansion Capital Group Names Herk Christie Chief Operating Officer

June 28, 2019
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expansion capital group

Sioux Falls, SD — Expansion Capital Group ECG) today announced the appointment of Herk Christie from VP of Operations to Chief Operating Officer. Christie will oversee the company’s underwriting, IT, analytics, and merchant support and services departments. Christie, has been with ECG since March 2016 and has played a critical role in the growth of […]

Enova Small Business Hires Two Industry Veterans to Lead ISO Partnerships

June 14, 2019
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enova

Investment in ISO partnership leaders will help Enova Small Business deliver faster and easier funding CHICAGO (June 14, 2019) — Enova Small Business, a leading provider of loans and financing to growth-minded small businesses in the U.S., announced today that Justin Friedman and Jay Shaw have joined Enova Small Business as senior sales executive and […]

Velocity Group USA Announces $100 Million Equity Facility

June 13, 2019
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Velocity Group USA

Melville, NY – June 13, 2019 Velocity Group USA, based in Melville, New York, announces that in addition to its current facilities, it has obtained up to a $100 million equity facility from an international multi-family office. The new equity facility will allow Velocity Group USA to fund a greater number of merchants and to […]

Lawyers: Earn CLE Credits While Learning About Alternative Finance

May 23, 2019
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AFBA CLEe

REGISTER HERE June 13 Sessions June 14 Sessions Case Law Updates Regulatory Download: The Complete Picture TCPA: Defining ATDS, Exploring the TCPA and How Emails are Covered Legislation, Business and Lobbying: How does it work and Does it work at all? Bankruptcy Updates Future Invoice Factoring and Traditional Factoring: Can’t We All Just Get Along? […]

A deBanked Event is Coming to Canada

May 4, 2019
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deBanked CONNECT Toronto

Toronto, Ontario – deBanked is coming to Canada. A deBanked CONNECT networking event will be taking place at the Omni King Edward in Toronto on July 25th. The event will cater to the Canadian online small business lending and merchant cash advance industry. Tickets are already available for sale at https://www.debankedcanada.com. Early bird pricing is […]

Kapitus Rolls Out Fully Automated Funding Process

April 2, 2019
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Kapitus Website

New York, NY – Kapitus, a leading provider of alternative financing to small and midsize businesses, announces the roll-out of auto-checkout – a fully automated funding process for qualified deals. The new process allows for not only a faster, more streamlined experience for its partners; but it also provides more flexible financing options, by providing […]