Announcements
TBF Announces Development of Commercial Debt Pricing Algorithm
March 25, 2025HIGHWOOD, IL, March 25, 2025 – TBF has announced the development of a proprietary algorithm – its Data Driven, True Market Pricing – to calculate the value of commercial debt. The company is using the algorithm to offer lenders and lessors competitive prices for non-performing equipment loans and leases, commercial bank loans, online small business loans, lines of credit, merchant cash advances (MCAs) and commercial credit card accounts in the United States, said CEO Brett Boehm.
“The pricing algorithm is based on debt recovery data from more than 27 years in the business, through every economic cycle. This includes detailed data on all types and grades of commercial paper,” Boehm explained on the company’s new website.
“Our CFO Adam Boehm developed the algorithm to ensure the prices we quote are aggressive while still reflecting the fair market value of the assets. You want to offer the highest, realistic price for the debt that benefits the seller and also your business,” he noted.
“If you pay too much for commercial debt, then you lost on the deal at the time of closing. The crux of this business is buying right. TBF has that in spades based on its history of recovery data.”
Debt acquisition is a long established practice in commercial finance. In 1998, TBF was the first company to buy charged-off equipment leases, and since then has expanded to acquire a variety of commercial debt from equipment finance companies, banks, online commercial lenders and merchant cash advance businesses.
The company specializes in pool sizes starting at $5 million to more than $100 million, typically buying non-performing commercial accounts after they have been worked internally and reached the charge-off stage. They may have personal guarantees or no personal guarantees, be secured or unsecured, pre-agency or post-agency, or pre-litigation and/or reduced to judgment.
The Technology and People Behind TBF
TBF’s new website provides insights into its pricing algorithm and debt buying process. The site also features photos and background highlighting the people behind the company – a growing team dedicated to helping lenders and lessors recover value from their distressed accounts, Boehm said.
About TBF
TBF is the leading purchaser of non-performing equipment leases, commercial bank loans, online small business loans, merchant cash advances and commercial credit card accounts in the United States. For more information visit tbfgroup.com, call 847.267.0600 or connect with us on LinkedIn and X.
BriteCap Financial Expands Team to Support Growth
March 10, 2025LAS VEGAS, NV – March 7, 2025 – BriteCap Financial, a leading provider of tailored financial solutions for small businesses, has announced the addition of three key hires to support its continued growth: Cary Thomas as Director of Collections, Sherri Johnson as Senior Accountant, and Amy Thompson as Digital Brand and Content Manager. These strategic hires
underscore BriteCap’s dedication to operational excellence, financial strength, and brand innovation.
“Building a world-class team is essential to delivering exceptional value to our customers and driving sustainable, smart growth,” said Richard Henderson, CEO of BriteCap Financial. “These new additions bring valuable expertise that will enhance our operations and elevate our brand presence.”
Cary Thomas joins BriteCap as Director of Collections, bringing a wealth of expertise in financial recovery and collections management. With his extensive background in optimizing recovery strategies, he will lead initiatives to enhance efficiency, improve collection processes, and uphold strong client relationships. Thomas’s leadership and strategic approach will play a key role in strengthening BriteCap’s financial operations while maintaining a customer-centric focus.
Sherri Johnson has been appointed as Senior Accountant after making a significant impact as a contractor. With a strong track record of driving operational efficiencies, Johnson will contribute to enhancing the company’s financial stability and supporting its long-term growth.
Amy Thompson, joins BriteCap as Digital Brand and Content Manager, bringing her expertise in visual storytelling and strategic content creation to help elevate BriteCap’s digital presence.
Thompson will focus on crafting compelling visuals and engaging content across digital platforms to strengthen brand recognition, deepen customer connections, and amplify the company’s marketing impact.
BriteCap Financial, a proud member of the NMEF family of companies, has recently gained recognition for a series of strategic initiatives, including securing a $150 million credit facility last year and expanding its leadership team to position the company for long-term growth. With a focus on innovation and a customer-centric approach, BriteCap continues to enhance its product offerings, including attractive term loans for small businesses and a seamless online checkout system designed for merchant and broker convenience.
“We are excited about the momentum we are building and remain focused on driving long-term shareholder value while delivering innovative financial solutions to our customers and our broker partners who serve them,” added Henderson.
For more information about BriteCap Financial and its suite of financial solutions, visit www.britecap.com.
About BriteCap Financial
BriteCap Financial, as part of the NMEF family of companies, is a leading provider of working capital loans for America’s small business owners. Since 2003, BriteCap has been combining technology, an extraordinary experience, and non-traditional credit algorithms to provide fast, convenient and affordable working capital loans directly to businesses or through their exclusive network of broker partners. If you wish to be considered for joining our exclusive broker partner network, please visit https://www.britecap.com/partners.
Media Contacts:
For BriteCap:
David Schneider
Vice President of Marketing
BriteCap Financial, www.BriteCap.com
david.schneider@britecap.com
954-494-1606
For NMEF:
Blair Dawson
SVP, Chief Marketing Officer
NMEF, www.nmef.com
bdawson@nmef.com
203-354-1710
Jack Dorsey is Satoshi Nakamoto?
February 25, 2025If you’ve seen the analysis that connects Jack Dorsey to Satoshi Nakamoto floating around the web, that was researched by yours truly. I first proposed the possibility on February 24, 2024 and have since discovered a lot of compelling evidence to really support it. Here is a link to the recent tweet that went viral on the matter and a mirror of that tweet with source links. This is hardly all that I have. I did tag Dorsey so that he could see it but he did not reply to it or directly weigh in.
I have been following Dorsey’s company Square for deBanked since 2011.
In early 2024, a legal trial commenced on the matter of Satoshi Nakamoto’s identity (Crypto Open Patent Alliance v Craig Steven Wright) for which Dorsey played a key role to prove that an individual named Craig Wright was NOT Satoshi. Wright had been claiming such for some time.
As part of the trial, a large trove of new emails and testimony surrounding Bitcoin’s founding were disclosed, including many emails written by Satoshi himself (Emails with Martti Malmi / Emails with Nicholas Bohm). Before the judge made a ruling on the outcome, Dorsey made interesting remarks in Block’s Q1 2024 earnings announcement on May 2, 2024. He mentioned Satoshi the person as the basis for the company’s crypto strategy. While skeptics have chalked this up to simple fandom or ideology, it was wholly unnecessary to reference Satoshi the person and potentially risky if he doesn’t know Satoshi’s true identity. Coinbase, for example, lists “the identification of Satoshi Nakamoto, the pseudonymous person or persons who developed Bitcoin, or the transfer of Satoshi’s Bitcoins” as a risk factor to revenue. Block makes no such disclosure despite nearly half of the company’s revenue being derived from Bitcoin sales.
From Dorsey’s Block shareholder letter on May 2, 2024:
These statements could have been made without referencing Satoshi by name, especially in an era where longtime Bitcoin advocates have sought to minimize the influence of Satoshi the individual today. However, these statements would be very fitting if the CEO was speaking about himself.
Block has also self-published a book titled My First Bitcoin and the Legend of Satoshi Nakamoto which glorifies Satoshi and concludes by stating that “Satoshi’s vision is having an impact all around the world.” Hard copy print versions of the book were also made and distributed. deBanked obtained a copy.
That viral post again with source links can be found here. I am not an investor in bitcoin or Block. My experience with Bitcoin over the past 10+ years is as a payments mechanism, namely as peer-to-peer cash.
My email is sean@debanked.com
Broker Battle 2025 Champions
February 24, 2025Broker Battle 2025 took place at the Fontainebleau on February 20th during deBanked CONNECT MIAMI. Video highlights and more will be available soon. In the meantime, here are the results and the top brokers:
Revenue Based Financing
Top Broker: Ryan Showe, Lexington Capital Holdings
Runner-up: Joe Sasson, Advance Funds Network
Equipment Financing
Top Broker: Mike Brooks, Best Connect Capital
Runner-up: Yaro Yarema, Capital MBS
Britecap Financial Appoints John Corona as Director of Partner Success
February 24, 2025BriteCap Financial LLC (“BriteCap”), a leading non-bank lender providing small businesses with fast, convenient, and affordable working capital, is excited to announce the appointment of John Corona as Director of Partner Success. John brings with him more than a 10-year track record of significant accomplishments in business financing and partner development.
“We’re thrilled to welcome John to BriteCap and the NMEF family of companies,” said Richard Henderson, CEO of BriteCap. “I’ve had the privilege of working with John for over a decade, and he’s one of the best in the business at optimizing broker partnerships. His unmatched service and deep industry knowledge make him a perfect fit for our mission to elevate the funding experience for our exclusive broker network.”
John remarked, “I’m excited to be joining the BriteCap team, especially during a time in which it’s ascending to a position of prominence within the space. Joining an all-star team with an all- star product and platform is an amazing opportunity and I can’t wait to assist in its growth.”
About BriteCap Financial LLC
BriteCap Financial is a leading provider of working capital for America’s small business owners. Since 2003, BriteCap combines technology and non-traditional credit algorithms to provide fast, convenient, and affordable working capital directly to businesses and through their broker network. For more information about becoming a partner, visit britecap.com/partners. BriteCap is majority-owned by a holding company affiliate of NMEF.
About NMEF
NMEF is a national premier lender who works directly with third-party referral (TPR) sources to finance “mid-ticket” equipment commercial leases and loans ranging from $15,000 to 3,000,000 and up to $5,000,000 for investment grade opportunities. The company accepts A – C credit qualities and finances transactions for many asset categories including but not limited to medical, construction, franchise, technology, vocational, manufacturing, renovation, janitorial, and material handling equipment. NMEF is majority owned by an affiliate of InterVest Capital Partners. The company’s headquarters are in Norwalk, CT, with regional offices in Irvine, CA, Voorhees, NJ, and Murray, UT. For more information, visit www.nmef.com.
Media Contacts:
For BriteCap:
David Schneider
Vice President of Marketing
BriteCap Financial
www.BriteCap.com
david.schneider@britecap.com
954-494-1606
For NMEF:
203-354-1710
Blair Dawson
SVP, Chief Marketing Officer
NMEF
www.nmef.com
bdawson@nmef.com
Taycor Financial Promotes Evan Sammon to Chief Operating Officer
February 18, 2025
ORANGE COUNTY, CA – 2/18/2025 – Taycor Financial, a leading provider of equipment financing and partner driven lending solutions, proudly announces the promotion of Evan Sammon to Chief Operating Officer (COO). This strategic appointment reflects the company’s commitment to operational excellence and continued growth.
“Evan’s leadership, passion, and innovative approach have been instrumental in our success,” said Michael Hong, CEO of Taycor Financial. “In his new role, I am confident that he will continue to propel our organization forward and set new benchmarks for operational excellence.”
Since joining Taycor, Evan has demonstrated exceptional leadership, operational insight, and a dedication to delivering superior service to clients and partners. As COO, he will oversee company-wide operations, streamline processes, and enhance efficiencies to drive performance and scalability.
“I’m incredibly proud of what we’ve accomplished at Taycor, and honored to be a part of such a hard-working, innovative team. Our ability to identify vendor driven solutions is key to our sustained success. Optimizing our adaptable, partner focused processes is at the forefront of our mission and I’m excited for our continued evolution as a best-in-class finance provider.” As Taycor Financial continues to innovate and expand, Evan’s promotion underscores the company’s dedication to nurturing talent and fostering leadership from within.
For more information, visit taycor.com
Dedicated Financial GBC Welcomes Cory Svihla as Chief Revenue Officer
February 18, 2025
Dedicated Financial GBC is pleased to announce Cory Svihla as its new Chief Revenue Officer (CRO). In this role, Svihla will oversee the development and execution of revenue-generating strategies, focusing on aligning sales, marketing, and client success to drive sustainable growth and enhance client engagement.
Svihla brings to Dedicated a wealth of experience in strategic leadership and business development. Before joining Dedicated, he co-founded Intellex Forensics Advisory Services Inc., which played a pivotal role in shaping Svihla’s personal vision and leadership style. His entrepreneurial background and expertise in revenue growth strategy position him as a key leader that will advance Dedicated’s mission.
As Dedicated enters its next decade of delivering excellent services, Svihla will focus on expanding market reach, optimizing sales and marketing strategies, and identifying new opportunities for innovation and client engagement. His leadership has already had a positive impact at Dedicated, and he is poised further to strengthen the company’s position as a leader in the servicing industry.
“I am honored to join Dedicated Financial GBC and work alongside teammates committed to creating a meaningful impact,” said Svihla. “I look forward to driving growth, fostering strong relationships, and contributing to the company’s mission of changing the world through business.”
For more information about Dedicated Financial GBC and its leadership team, please visit https://www.dedicatedgbc.com/team/
Cloudsquare Announces Its New Integration with Rapid Finance
February 18, 2025Los Angeles, CA – February 18, 2025 – Cloudsquare, the premier end-to-end lending platform powered by Salesforce, proudly announces its latest integration with Rapid Finance, a trusted leader in Merchant Cash Advance (MCA). This new collaboration is set to redefine how brokers and lenders operate, enabling them to process applications faster, streamline funding workflows, and enhance overall efficiency.
Bringing Speed and Efficiency to Brokers and Lenders
For brokers and lenders, efficiency and speed are essential to gaining recognition in the market. Delays in approvals, manual data entry errors, and complex submission processes can lead to lost opportunities. With Cloudsquare’s seamless Rapid Finance integration, these challenges have become a thing of the past.
Key Benefits of the Cloudsquare + Rapid Finance Integration
· Submit deals effortlessly via API – Say goodbye to manual submissions and data entry errors.
· Bulk File Uploads – Attach necessary documents directly in the CRM.
· Upload files with each submission – Attach the necessary documentation directly within the CRM.
· Generate tailored offers instantly – Present funding options quickly based on merchant eligibility.
· Provide Instant Approval decisions – Close deals faster and gain a competitive edge.
Why This Integration Matters
Cloudsquare has always been at the forefront of MCA technology, offering brokers and lenders an advanced, scalable CRM solution designed to automate, optimize, and grow operations. With Rapid Finance now part of its growing list of lender integrations, brokers can accelerate their workflows, reduce processing time, and increase funding success rates—all within a single, intuitive platform.
Seamless Implementation for Brokers and Lenders
New users can launch Cloudsquare Broker with the Rapid Finance integration effortlessly, ensuring quick adoption and a fast return on investment. Existing Cloudsquare customers can easily add Rapid Finance’s API through a simple license upgrade, with expert onboarding and support to ensure a smooth transition.
About Cloudsquare
Cloudsquare is the leading end-to-end lending platform, uniquely powered by Salesforce to deliver unparalleled flexibility and innovation for lenders and brokers. With a commitment to optimizing lending processes through cutting-edge technology, Cloudsquare provides robust, scalable solutions that empower merchants to achieve greater efficiency and growth. Celebrated by industry leaders, Cloudsquare has earned a place on the Inc. 5000 list as one of America’s fastest-growing companies and is consistently rated a top service provider on platforms like Salesforce AppExchange, G2, Clutch, and Manifest.
For media inquiries, please contact:
Cloudsquare Marketing Email: marketing@cloudsquare.io
