Why Small Businesses Sought Financing in 2017, and Why They Were Denied
May 24, 2018
Nearly 60 percent of small businesses applied for financing in 2017 because they wanted to expand their business or pursue new opportunities, according to the latest report by the Federal Reserve. Forty-three percent of small businesses sought financing for operating expenses while 26 percent sought capital for refinancing. Nine percent had a different reason. Of […]
View PostMore Small Businesses Seeking Merchant Cash Advances Than Factoring
May 23, 2018
Seven percent of small employer firms in the US applied for a merchant cash advance in 2017, the latest report by the Federal Reserve shows, while only 4% applied for factoring. Small employer owned firms were defined as businesses that have 1 to 499 full-or part-time employees. 69% of those surveyed generated less than $1 […]
View PostMissed Broker Fair? Get the Kit and Presentations
May 21, 2018
If you missed Broker Fair, you can still get your hands on some of the gear and the presentations. Simply email info@brokerfair.org and ask to be shipped a copy of the Broker Fair Kit. The accessories, which will only be provided while supplies last, include a USB drive with the day’s presentations, a Broker Fair […]
Broker Fair 2018 Story Continued
May 18, 2018
A continuation of Broker Fair 2018 through photos: See also: Set 1 Set 2 We’ll publish the entire cache of them in the coming weeks. BREAKFAST SPONSORED BY BFS CAPITAL KEEPING CHARGED, CONNECTED, AND HYDRATED SPEED NETWORKING BE A BETTER CLOSER NETWORKING MARKETING YOUR BUSINESS LEGAL SESSIONS NATIONAL FUNDING LUNCH THE GREAT DEBATE INSTITUTIONAL FINANCE […]
The Broker Fair 2018 Story Through Photos
May 18, 2018
Broker Fair 2018 was an amazing day of inspiration, education, and opportunities. We’ve posted some of our photo footage below: REGISTRATION OPENING STATE OF THE UNION BE A BETTER CLOSER SPEED NETWORKING NATIONAL FUNDING LUNCH LEGAL SESSIONS THE GREAT DEBATE SOFTWARE DEMOS INSTITUTIONAL FINANCE NETWORKING BETWEEN SESSIONS UNDERWRITING 101 BROKER FAIR SCENERY ACCOUNTING SESSION MARKETING […]
Broker Fair 2018 Pre-Show Photos
May 17, 2018
Photos from the Broker Fair 2018 May 13th Pre-show party at The William Vale in the Vale Garden Residence. Photos from the conference will be published separately. We hope you had fun.
SBFA Launches Broker Council
May 11, 2018
Jeremy Brown, Chairman, RapidAdvance The Small Business Finance Association (SBFA) announced today the launch of a new initiative called the SBFA Broker Council designed to create and implement a set of best practices for brokers of alternative funding products. “I think this would create two playing fields,” said SBFA member and CEO of United Capital […]
FinMkt Launches ISO Business
May 10, 2018
Alex Sklar, VP Business Development FinMkt has launched a broad ISO, working with referral partners from brokers to accountants to small business advisors. With two years of experience facilitating consumer lending, the company has just entered the small business lending market. “We took the same engine that we used on the consumer side and we […]
World Global Financing, Inc. Declares Bankruptcy
May 9, 2018
World Global Financing, Inc., a Florida-based merchant cash advance provider, filed for bankruptcy yesterday, according to Chapter 11 documents obtained from the Southern District of Florida. Company CEO Cyril Eskenazi reported that its assets and liabilities were both between $10 and $50 million. Among the company’s creditors are ACH Capital, LLC, Capital One, Eaglewood funds, […]
Gale Force Twins
April 24, 2018
When hurricanes struck Florida and Texas, non-bank small business finance companies had to act This story appeared in deBanked’s Mar/Apr 2018 magazine issue. To receive copies in print, SUBSCRIBE FREE As Hurricane Irma swept through the Caribbean and barreled toward the Florida Keys early last September, Wendy Vila, chief executive, at Unicus Capital evacuated her […]
