Industry News

BFS Capital Secures $175M Revolving Line

February 20, 2018
Article by:

Michael Marrache

Michael Marrache, CEO, BFS Capital BFS Capital has secured a new $175 million revolving credit facility from funds managed by Ares Management, L.P. (NYSE:ARES), according to a company announcement. Stephens Inc. acted as financial advisor to the transaction. ARES is one of the largest global alternative asset managers with $106.4 billion under management. They previously […]

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Abe Zeines, Jennie Villano ‘Cook Up’ Buzz

February 13, 2018
Article by:

Villano-Zeines

Abe Zeines, of former MCA infamy, is cooking up something new, according to a video that was posted on LinkedIn earlier today. The 2-and-a-half minute clip was produced by Jennie Villano, a top social media marketer who serves as the VP of Business Development at Kalamata Advisors. Villano was spotlighted for her notable online marketing […]

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Behalf Secures $150 Million in Debt Capital

February 8, 2018
Article by:

Behalf Website

Behalf, the New York City-based alternative business loan company, obtained $150 million in debt financing this week from a private investment fund managed by Soros Fund Management LLC. Viola Credit also participated in the debt financing.      “This is a significant step forward for Behalf. This funding allows us to expand our fast-growing e-commerce B2B […]

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Responding to Demand, BlueVine Increases Factoring and Business Credit Lines

February 6, 2018
Article by:

growth

Invoice factoring and small business loan company, BlueVine, recently doubled its credit line size for its invoice factoring product up to $5 million. Simultaneously, it has also increased its business line of credit maximum to $200,000, from $150,000. “The number one [reason for the expansion] has been an increase in demand from our existing customers,” […]

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6th Avenue Capital Builds Business Development Team with Veteran Hires

February 6, 2018
Article by:

6th Avenue Capital New Team

6th Avenue Capital has hired three seasoned employees to its business development team: Mitch Levy, Gary Lockwood and Marc Seidel. Darren SchulmanChief Operating Officer “We’re putting together a team that I wanted to put together,” said Chief Operating Officer Darren Schulman. “They didn’t come knocking on my door, I knocked on theirs.” This is part […]

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LendingPoint Hires Citibank Veteran as New CFO

February 1, 2018
Article by:

Lending Point

LendingPoint, the Atlanta-based online balance sheet lender, announced today that Citibank veteran Tony Martino would be joining the company as CFO. This comes less than one month after the company’s acquisition of LoanHero, a fully integrated, one-stop-shop loan origination and payments platform. LoanHero helps merchants provide access to consumer finance, increase revenue and eliminate friction […]

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In Wake of Fraudulent DocuSign Emails, How to Recognize The Real Thing

February 1, 2018
Article by:

Virus Alert

Fraudulent emails with DocuSign attachments have permeated the MCA business in recent weeks. Independent MCA broker and Small Business Banker Paul Kelly told deBanked that he received up to 15 emails over the last few weeks from both Edwin Torres and John Edwards at the MCA company RET Capital. The emails had an attachment that […]

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Trial in Murder of Universal Merchant Funding Execs to Begin Feb 5th

January 7, 2018
Article by:

Courtroom

Nearly one year ago, Michael Genovese, the owner of Universal Merchant Funding, and Carl Clark, an employee, were found dead inside the businesses’s office in Staten Island. Former employee Ricky Dennis was arrested soon after for the double-murder. His trial is slated to begin on February 5th, according to SI Live. Dennis had previously served […]

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Yellowstone Capital’s Donations Help Volunteer Ambulance Corp Upgrade Equipment

December 15, 2017
Article by:

Hatzalah of Union County with Isaac Stern of Yellowstone Capital

Hatzalah of Union County, a volunteer ambulance company in New Jersey, was able to secure a new digital communications system, thanks to a fundraiser held by Yellowstone Capital this week. Throughout the past six years, Yellowstone Capital has been by far the largest donor to Hatzalah with total donations exceeding $300,000, according to a press […]

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Yellowstone Capital Funds $100 Million Over Last 60 Days

December 1, 2017
Article by:

yellowstone capital signage

An email circulated by Jersey City-based Yellowstone Capital yesterday, confirmed that the company had originated $50 million in deals for the month of November. The figured tied the record set in the previous month, bringing the 60-day total to $100 million. Two sales representatives ended up in a tie for top performer of the month, […]

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