MCA Funder Says Debt Settlement Company Operating Illegally Without a Budget Planning License

July 11, 2018
Article by:

lawsuit over money

Merchant Cash Advance companies are on the warpath against debt settlement companies. In the latest legal offensive, High Speed Capital alleges that Corporate Debt Advisors’ debt settlement business is really just an unlicensed Budget Planning operation, a misdemeanor criminal offense in New York. High Speed’s petition cites New York General Business Law § 455. “So-called […]

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Thinking Capital, Equifax Create Canadian Small Business Credit Grades

July 10, 2018
Article by:

Jeff Mitelman Thinking Capital

Jeff Mitelman, CEO, Thinking Capital Equifax and Thinking Capital today announced the launch of BillMarket, a service that will now provide Canadian small businesses with a credit grade, A through E. CEO and cofounder of Thinking Capital Jeff Mitelman told deBanked this is revolutionary because, up until now, a Canadian small business’ creditworthiness has usually […]

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Yellowstone Capital Expands Credit Facility to $120 Million

July 9, 2018
Article by:

yellowstone capital signage

Jersey-City based Yellowstone Capital has expanded its credit facility to $120 million, the company confirmed. Yellowstone CEO Isaac Stern told deBanked, “It’s exciting to have a flexible credit facility that has grown along with us.” So far in 2018 the company has originated more than $350 million in financing to small businesses nationwide, putting them […]

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Kalamata Capital Merges with Kings Cash Group

June 28, 2018
Article by:

Kalamata Capital Group

Kalamata Capital announced today that it has entered into an agreement to merge with Kings Cash Group, effective July 1. The new entity will be called Kalamata Capital Group, or KCG, retaining the Kalamata Capital brand. Together, the new entity and its affiliates will provide approximately $300 million of capital annually to over 5,000 small businesses. Michael […]

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An ISO Brokers Main Street Deals – on Main Street

June 25, 2018
Article by:

Horizon Financial - Brooklyn, NY

Envision a giant office filled with rows of commercial finance brokers on the phone, aggressively selling deals to faceless small town merchants. Then step into the office of Horizon Financial Group and meet brothers and business partners James and John Celifarco. The contrast could not be more striking. The most dramatic difference between their office […]

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When to Hire a Collection Company

June 19, 2018
Article by:

picking up the phone

Christine Chang, CEO, 6th Avenue Capital There is no rule telling a funding company at what point it should seek the help of a collection company when a client defaults on an agreement. That’s entirely up to the funding company. Some have in-house collection teams while others don’t and some go slower to approach a […]

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Woman Arrested in Connection With Finance Company Data Theft

June 19, 2018
Article by:

Arrested Data Theft

A woman was arrested in the Bronx this morning and charged with felony computer-related theft. The individual, whose name deBanked is not releasing until more information is known, was reportedly stealing customer data from Yellowstone Capital despite not being employed there. The photo shows police officers escorting her out from her home. She is the […]

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Collector Says “No” to Debt Settlement Companies That Want His Data

June 19, 2018
Article by:

Shawn Smith - Dedicated Commercial Recovery

Debt settlement companies often find their leads by scouring through UCC filings, or publicly available forms that a creditor files to give notice that it may have rights to the property of a debtor. In the case of a small business, perhaps the refrigerators in a restaurant. “[Looking through UCC filings] is a way of […]

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It’s Back to Business For Alternative Funding in Puerto Rico

June 15, 2018
Article by:

Puerto Rico

This story appeared in deBanked’s May/June 2018 magazine issue. To receive copies in print, SUBSCRIBE FREE

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Lending Express Opens Office in Silicon Valley

June 13, 2018
Article by:

Eden Amirav

Tel Aviv-based Lending Express announced its entrance into the U.S. market yesterday. It opened an office in San Matteo, CA and has officially appointed Moshe Kazimirsky as VP of Strategic Partnerships and Business Development to support the new West Coast office. “After the immense success we’ve had in the Australian market, we knew that our […]

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