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Actum Processing brings Instant Credits, Powered by Real-Time Payments to Funders in the Cash Advance Industry

September 20, 2023
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Austin, Texas, September 20, 2023 – Actum Processing, a leading ACH payment provider in the lending space, is proud to introduce Instant Credits, a groundbreaking solution that is poised to transform the way Funders in the Cash Advance industry send money. With Instant Credits, clients can enjoy the convenience of depositing funds instantly, 24/7, 365 days a year.

Vinny Lipari, President and Co-Founder of Actum, emphasizes the paramount importance of speed in delivering working capital to merchants. Real-Time Payments, the backbone of Instant Credits, will provide Actum’s clients with a significant edge in the evolving industry landscape. Actum has forged a strategic partnership with one of the largest Financial Institutions in the country to bring this exclusive offering to the lending space. This collaboration ensures that Actum’s clients will have access to a secure and reliable platform for their processing needs.

Whether you are seeking to fund a deal, pay commissions, or deliver cash to your investors and syndicates, Real-Time Payments empowers you to do it instantly. Actum’s clients can leverage this service through various channels, including direct API integration, integrated SaaS platforms or Actum’s user-friendly Virtual Terminal.

“We are thrilled to introduce Real-Time Payments and Instant Credits to our valued clients,” says Vinny Lipari. “This innovative solution is a testament to our commitment to providing cutting-edge services that meet the evolving demands of the market.”

To learn more about Real-Time Payments and the full range of valuable services Actum brings to the market, contact Actum today.

Contact Information:
Phone: (800) 975-5640

The LCF Group Acquires Key Strategic Assets from Reliant Funding and Sets Course for a Record-Breaking Year

September 18, 2023
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New Hyde Park, NY, September 18, 2023 – The LCF Group, the leading capital provider specializing in subprime merchants across all U.S. industries, announced the successful acquisition of select strategic assets and licensing rights for Reliant Funding, a foremost authority in prime funding.

“We’re excited to announce The LCF Group’s successful acquisition of key assets from Reliant. This strategic move not only enhances LCF’s portfolio but also empowers us to offer merchant funding through both ISO partners and directly under the LCF and Reliant brands. With this step, LCF solidifies its position as the leading provider of quick access to working capital for small to mid-size businesses,” shared Andy Parker, CEO of LCF. “We’re making significant progress in our integration, capturing synergies, and realizing the financial advantages of this acquisition. Our focus remains unwavering: to meet the growing funding needs of small businesses nationwide.”

While LCF has resumed funding under the Reliant brand in the direct business, ISOs should stay tuned as the company plans to roll out funding options through the wholesale side of the business with select ISO partners in the coming months.

For information on The LCF Group, visit Learn more about Reliant Funding at

About The LCF Group

Founded in 2011 and headquartered in New York, The LCF Group is a seasoned MCA capital provider. The company specializes in funding small businesses across all states, industries, and risk factors. To date, LCF has funded more than 8,000 businesses and receives a glowing 4.7 / 5 star rating from more than 1,000 customers on Trustpilot.

NMEF Offers to Purchase IOU Financial

July 25, 2023
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(Ticker Symbol IOU on the TSX Venture Exchange)

JULY 25, 2023, NORWALK, CT – North Mill Equipment Finance LLC (“NMEF”), a leading independent commercial equipment lender located in Norwalk, Connecticut, announced today that the following letter was sent yesterday to the Special Committee of the Board of Directors of IOU Financial Inc. (“IOU”). NMEF’s proposed acquisition is at a 27% premium to the price per share agreed to by IOU and a group of inside shareholders representing 46.1% of the issued and outstanding shares of IOU announced on July 14, 2023. “We are offering to all IOU shareholders a far superior price to the value of the Company presented by the inside shareholders that was accepted by the Special Committee in a sweetheart deal for those insiders,” said David C. Lee, Chairman and CEO of NMEF. “Our offer is not subject to any financing contingency nor access to confidential information.”

About NMEF

NMEF originates and services small to mid-ticket equipment leases and loans, ranging from $15,000 to $2,000,000 in value. A broker-centric private lender, the company accepts A – C credit qualities and finances transactions for many asset categories including construction, transportation, vocational, medical, manufacturing, printing, franchise, renovation, janitorial and material handling equipment. NMEF is majority owned by an affiliate of InterVest Capital Partners. The company’s headquarters is in Norwalk, CT, with regional offices in Irvine, CA, Dover, NH, Voorhees NJ, and Murray, UT. For more information, visit 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 since 2003 from offices in North Hollywood, CA and Las Vegas, NV. For more information, visit



Alliance Funding Group Upsizes Corporate Note to $39 Million

July 25, 2023
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Tustin, CA – Alliance Funding Group (“AFG” or the “Company”), one of the largest privately-held equipment finance companies in the U.S., today announced the successful upsizing of its corporate notes to $39.0 million. The new issuance was assigned a BBB rating by a nationally recognized statistical ratings organization (NRSRO). Proceeds from this transaction will be used for working capital purposes and to finance growth, including potential future acquisition opportunities.

AFG is a market-leading vendor direct specialty finance company that provides small-ticket and middle-market equipment leasing, financing and working capital solutions to a broad range of businesses throughout the U.S. Since inception, the Company has funded more than $2.0 billion to over 25,000 businesses.

“We are grateful for the continued support from a core base of institutional investors that have demonstrated strong conviction in our growing platform,” said Brij Patel, founder and President of AFG. “As competitors tighten their credit boxes, we recognize an outstanding opportunity to pick up market share, both organically and through potential synergistic acquisitions.”

Brent Hall, Senior Vice President – Capital Markets, stated: “Following our successful securitization placed earlier in the year, this recent financing helps further fortify our balance sheet. We are experiencing significant demand from our customers and this additional capital will enable us to continue to meet their financial needs in a volatile economic environment.”

Brean Capital, LLC served as the Company’s exclusive financial advisor and sole placement agent in connection with the transaction.

About Alliance Funding Group

Alliance Funding Group was founded in 1998 and has grown to become one of the largest privately held equipment finance companies in the U.S. AFG provides leasing and financing solutions to a wide variety of businesses across a defined spectrum of credit types. AFG currently operates out of its headquarters in Tustin, California with offices in Los Angeles and Carlsbad, CA, Portsmouth, NH, Austin, TX, and Tacoma, WA. For more information, visit:

Maxim Commercial Capital Expanded Business in Q2 2023

July 17, 2023
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Seasoned lender fills growing void in hard-asset based lending industry

LOS ANGELES, CALIF. (July 17, 2023) – Maxim Commercial Capital (“Maxim”) reported nearly 300% more funded deals in the second quarter of 2023 than in the prior year’s period, despite broader economic headwinds and rising interest rates. To support this rapid growth, the hard-asset secured lender hired additional team members in credit and collections. Maxim provides loans and leases from $10,000 to $3 million secured by class 6 and 8 trucks, trailers, heavy equipment, and real estate for entrepreneurs nationwide.

“Fortunately for our customer base, used truck and heavy equipment prices have returned to more reasonable levels over the past few months,” noted Behzad Kianmahd, Maxim’s Chairman and CEO. “Concurrently, we expanded our credit matrix to span from better credits to subprime and start up borrowers and lowered down payment requirements. This combination is enabling more borrowers to acquire the heavy equipment and trucks they need to serve clients.”

Truck financings during Q2 2023 included 80% purchase financing for an owner-operator with a 651 FICO to buy his first truck, a 2019 Peterbilt 579 with 475K miles, for $65,362; 76% purchase financing for a start up owner-operator with a 763 FICO to buy a 2019 Peterbilt 579 with 362k miles for $76,054; and, 75% financing for an experienced owner-operator with a 541 FICO to buy a 2018 Freightliner Cascadia with 468K miles for $65,000.

Maxim’s Real Estate Financing program continues to prove popular among borrowers who own real estate and need working capital for their businesses or cash out financing to pay down expensive liabilities. Maxim’s solution provides up to 70% combined loan-to-value financing structured as 1st, 2nd and 3rd liens, allowing the borrower to continue to benefit from pre-existing, low-cost 1st mortgages.

Real estate secured financings during the quarter included $280,000 in working capital for a start up business secured by a 2nd lien on a leased single-family home in Venice, CA. The borrower is a successful entrepreneur with multiple income sources whose financing alternatives likely would have diluted shareholder equity. Maxim also funded a $250,000 term loan for a family-owned business secured by a 2nd lien on their personal residence. The funds were used to pay off expensive MCA loans, settle delinquent taxes, and provide additional working capital.

“Our doors are wide open for business, while many other specialty lenders are pulling back from this choppy market,” said Michael Kianmahd, Maxim’s Executive Vice President. “This is made possible by our dedicated, hard-working team and our deep expertise in providing critical financing to our customer segments.”

About Maxim Commercial Capital

Maxim Commercial Capital helps small and mid-sized business owners nationwide by providing loans and leases (“financing”) from $10,000 to $3 million secured by trucks, trailers, heavy equipment, and real estate. It funds equipment purchase financings and leases, working capital, and debt consolidations. Maxim’s more creative financing structures leverage equity in real estate and owned heavy equipment to facilitate growth and preserve customers’ cash. As a leading provider of transportation equipment financing, Maxim supports startup and experienced owner-operators and non-CDL small fleet owners by funding loans and leases for class 8 and class 6 trucks, trailers, and reefers. Learn more at or by calling 877-776-2946.


Michael Kianmahd
Maxim Commercial Capital
(213) 984-2727

Blue Bridge Financial Extends and Upsizes Corporate Note to $20 Million

June 29, 2023
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bluebridge logoRESTON, VA. – Blue Bridge Financial, Inc. (“Blue Bridge” or the “Company”), a leading independent commercial equipment finance company, announced the successful upsizing and extension of its corporate notes to $20.0 million. These notes refinanced the Company’s $15.0 million corporate notes financing from January 2021. Blue Bridge will use the additional proceeds to support continued growth and for general corporate purposes.

Founded in 2009 to fill a gap in the lending market that enables more businesses to finance business-essential equipment more quickly, Blue Bridge has funded more than $600 million to over 8,000 businesses in 30+ industries across the U.S., since inception.

Steve Dervenis, CEO of Blue Bridge, commented: “This transaction ensures that Blue Bridge has ample growth capital for the foreseeable future, allowing us to maintain competitiveness in the market and take advantage of opportunities as they arise. We are pleased that institutional investors remain confident in the Blue Bridge platform.”

Brean Capital, LLC served as the Company’s exclusive financial advisor and sole placement agent in connection with the transaction.

About Blue Bridge

Blue Bridge Financial, Inc. is an equipment finance company with decades of leadership and industry experience. They are a leading provider of commercial financing solutions for small to medium-sized business borrowers as well as manufacturers, vendors, and distributors of commercial equipment. The Company is headquartered in Reston, Virginia, with an additional office in Irvine, CA. To learn more about Blue Bridge, visit or call 866-777-1011.

Name: Hannah Phearsdorf
Title: Senior Vice President | Finance and Accounting

CFG Merchant Solutions Surpassed $1 Billion in MCA Originations in Q1 2023

June 15, 2023
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CFG Merchant Solutions, LLC (“CFGMS”) has announced that in Q1 of 2023, the longstanding funder surpassed $1 billion in MCA originations. CFGMS has funded over 25,000 businesses since inception, operating across a diverse range of industries throughout the United States.


“This significant milestone occurred this year along with our successful, $20 million Corporate Notes financing placed by Brean Capital in April, 2023. CFGMS remains well-capitalized, and is funding the recent increase in working capital requests due to the regional banking crisis which has dramatically tightened underwriting and lending criteria at traditional financial institutions nationwide. CFGMS remains optimistic in the current uncertain macroeconomic environment, while seeing higher credit quality submissions and fundings.”

Andrew Coon CFGMS CEO  – Andrew Coon, CFGMS CEO


Since 2015, CFGMS has demonstrated a strong track record of asset performance and profitability. CFGMS works one-on-one with referral partners and is dedicated to customer service, user experience, and transparency. As a direct funder, CFGMS is committed to understanding the business objectives of SMBs and formulating customized capital solutions to help American companies achieve their goals. With a deep understanding of the frustration of acquiring flexible and timely financing, CFGMS uses proprietary analytics technology and common-sense underwriting to provide fast and efficient access to revenue-based working capital. CFG Merchant Solutions has one of the best reputations in the alternative funding industry and one of the highest deal approval rates.


“We are very proud of the fact that we have been able to provide over $1 billion of capital to American small businesses since our inception. Funding US small businesses is a responsibility we take very seriously. CFGMS is committed to customer service which includes a positive, transparent, and frictionless user experience for our clients. This significant accomplishment could not have been made possible without CFGMS’s strong relationships with its broker and referral partners. Our ISO’s and brokers are in a unique position to assist their merchant clients, and we work closely with them to offer flexible and creative capital solutions. As a result of this, and our commitment to best practices, CFGMS enjoys one of the best reputations in the alternative and revenue-based finance industry. We look forward to funding the next billion and beyond.”

Bill Gallagher CFMGS President  – Bill Gallagher, CFGMS President


Recent CFGMS Updates

NEW YORK, NY. March 4th, 2023 – CFG Merchant Solutions, LLC (CFGMS) successfully secured $20 million in investment-grade rated corporate note financing from a group of top-tier institutional investors based in the United States. This transaction has received a BBB rating from a well-recognized statistical ratings organization.

Become a CFGMS Referral Partner, It takes less than 60 seconds to apply on the CFGMS website!

Media Contact

Richard Polgar
Chief Financial Officer

Capify Wins SME Lender of the Year Award

June 5, 2023
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Award win recognises innovation and best practice in serving the UK smaller business community

Specialist finance provider Capify were recently crowned SME lender of the year at the 2023 Credit Awards.

capifyThe awards, which took place at London’s prestigious Grosvenor House on the 1st June and were hosted by television’s Katherine Ryan, recognise innovation and best-practice in the financial services industry.

In a fiercely competitive segment, which included banks, fintechs, asset finance providers, invoice finance companies, and P2P businesses, Capify was recognised as the SME lender of year (up to £1m lend).

Reflecting on their win, John Rozenbroek, Capify COO/CFO said “This award is recognition of the amazing work the whole Capify team have undertaken over the past year and our commitment to serving the UK’s vital SME community. For many UK SMEs, access to finance can be a real barrier to growth and we are delighted that our innovative and flexible approach to serving this segment of the economy has been recognised”.

Capify’s Q1 2023 business confidence survey revealed that 55% of SMEs are uncertain in their ability to secure finance from their traditional banking partners. “This is where we step in”, Rozenbroek adds. “As an alternative lender, we pride ourselves on our agile yet responsible approach, enabling us to promptly provide the much-needed funds to this underserved audience. In fact, we can approve and transfer funds to the applicant’s account in as little as 24 hours.”
Launched in 2008, Capify was born out of the desire to offer small businesses an alternative way to quickly access responsible business finance when many firms were struggling to navigate the impact of the global financial crisis. With offices in the UK and Australia and approximately 120 employees, it continues to support smaller businesses with funding to meet the challenges and opportunities of today’s economic climate.

About Capify

Capify is an online lender that provides flexible financing solutions to SMEs seeking working capital to sustain or grow their business. Alongside its sister company, Capify Australia, the fintech businesses have been serving their respective markets for 15 years.

For more details about Capify, visit:

Capify Media Contact:

Ian Wood, Marketing Director
0161 393 9536