Yellowstone Capital Expands Credit Facility to $120 Million

July 9, 2018
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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
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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
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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
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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
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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
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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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Settling Up: Debt Settlement Companies Paid Yellowstone Capital and Everest Business Funding a Half Million Dollars to End Lawsuit

June 12, 2018
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money exchange

A group of debt settlement companies and ISOs have entered into a settlement they’re unlikely to forget. A lawsuit that accused Corporate Bailout, Protection Legal Group, Mark Mancino, Michael Hamill and others of tortious interference with merchant cash advance contracts has led to a settlement in which the defendants agreed to pay Yellowstone Capital and […]

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New York Institute of Credit Celebrates 100 Years and Honors Harvey Gross

June 12, 2018
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New York Institute of Credit Speech

About 300 people gathered underneath the soaring ceilings of Guastavino’s ballroom in Manhattan last night to celebrate the 100th anniversary of the New York Institute of Credit (NYIC). Most attendees were members of the association, which provides networking opportunities and education to a myriad of constituents, including factors, financial advisors, lawyers, investors and accountants. “[NYIC] […]

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