Commercial Funding Partners promotes Bailey Turner to Senior Vice President of Market Strategies

March 8, 2023
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Bailey TurnerCommercial Funding Partners (CFP) has announced the promotion of Bailey Turner to Senior Vice President of Market Strategies. In this new capacity Turner will be responsible for overseeing marketing strategies and efforts to improve the company’s market positions and achieve desired business goals.

Turner joined CFP in 2017 as Business Development Officer and was quickly promoted to Vice President and subsequently Partner in the firm. During his tenure, Bailey has been a tremendous asset to the growth of the company. “Bailey’s contribution to bottom line growth of CFP has been paramount. We are excited to use his years of experience and excellent leadership skills to continue to expand our sales revenues and innovate our client experience,” said Buddy Zarbock, President of CFP.

Commercial Funding Partners is a national lender that provides businesses with no-hassle asset financing and leasing. CFP’s industry leadership and a wide array of financing products have helped its customers prosper since 1987. Please visit their website at

CFG Merchant Solutions Closes $20 Million Corporate Note Financing

March 6, 2023
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NEW YORK, NY. March 6, 2023cfg merchant solutions – CFG Merchant Solutions, LLC (“CFGMS”), a technology-enabled specialty finance and alternative funding provider, announced the closing of a $20.0 million investment-grade rated corporate note financing from a group of leading U.S.-based institutional investors. The transaction was assigned a BBB rating by a nationally recognized statistical ratings organization.

Since its founding in 2015, CFGMS has a proven track record of asset performance and profitability, and has funded more than $1.0 billion to over 25,000 small and medium-sized businesses (SMBs) across diverse industries throughout the U.S. The Company plans to use proceeds from the issuance to refinance a portion of existing debt and support continued growth of the business.

“Across the U.S. there are millions of healthy SMBs looking for financing to grow. This sector, however, is increasingly under-served by traditional financial institutions,” said Andrew Coon, Chief Executive Officer of CFGMS. “This transaction will provide CFGMS with additional flexibility and enable the Company to continue to grow our business and deliver valuable capital to customers.”

Bill Gallagher, President of CFGMS, added, “Given the volatile capital markets, the successful closing of this transaction demonstrates that institutional investors have confidence in our platform and financial performance, and expect to see continued growth. This credit investment significantly increases our funding capabilities and enhances our ability to take advantage of potential market opportunities.”

Brean Capital, LLC served as the Company’s exclusive financial advisor and sole placement agent in connection with the transaction.

About CFG Merchant Solutions

CFG Merchant Solutions (“CFGMS”) is an independent, technology-enabled alternative funding platform focused on providing capital access to small and mid-sized businesses that have historically been undeserved by traditional financial institutions and may have experienced challenges obtaining timely financing. The Company uses its historical transactional data, proprietary underwriting, predictive analytics, and electronic payment technologies and platforms to assess risk, and provide access to flexible and timely capital.

For additional information about the Company, visit:

Name: Richard Polgar
Title: Chief Financial Officer

Mulligan Funding Closes $100 Million Securitization

February 6, 2023
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First asset-backed securitization continues steady and significant growth for financing company.

February 6, 2023 – SAN DIEGOMulligan Funding, one of the largest providers of SMB access to working capital in the country, today announced the closing of a $100 million asset-backed securitization (ABS). This new financing continues a history of impressive growth for the company, even during difficult market conditions. As Mulligan Funding’s first securitization, the senior bonds achieved an A rating from Kroll Bond Rating Agency (KBRA), the highest rating they will award a first-time issuer in this asset class. The facility has a 3-year revolving period and is expandable to $500 Million.

Mulligan Funding, known for its commitment to full transparency and its exceptional customer service, started in 2008 in the midst of the financial crisis, when traditional banks began to pull back from the small and medium-sized business lending market. The private, family-owned business, which has so far provided access to over $1bn in working capital to its customers, is honored to have achieved the noteworthy milestone of closing its first securitization.

David Leibowitz, chief executive officer at Mulligan Funding, shares, “This is a really significant step forward for us. It adds materially to the funding we require in order to continue on the path of responsible growth to which we remain committed. We’re particularly pleased that the ratings afforded to these notes by KBRA, constitute an affirmation of the disciplined approach to credit management which has always been at the core of our business strategy.”


About Mulligan Funding

Headquartered in San Diego and named on the prestigious Best Places to Work SoCal 2022 List by Best Companies Group, Mulligan Funding serves as a leading provider of working capital ($5K – $2M) to the small and medium-sized businesses that fuel our country. Since 2008, we have prided ourselves on our collaborative, innovative, and customer-focused approach. Through our unique ability to combine technology, a human touch, and unwavering integrity, we help those we serve bring their dreams to life with our people-first culture.

Broker Fair Returns to New York City May 8, 2023

January 30, 2023
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Broker Fair 2023 LogoBroker Fair returns to NYC on May 8th at the New York Hilton Midtown. Once again brokers from the small business lending, commercial financing, revenue-based financing, leasing, equipment financing, factoring, and mca industries, will come together in the heart of New York.

“It’s exciting to return back to our pre-pandemic schedule and host Broker Fair in the Spring,” said event founder Sean Murray. “This is the biggest annual small business finance conference in Manhattan and we’re excited to be doing it again now for the sixth time since 2018. If you haven’t seen what this show is all about, 2023 is the best year to come and find out!”

Register here. For inquiries or questions, email

See last year’s sizzle reel:

DataMerch Reaches 100,000 Record Milestone

January 24, 2023
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DataMerch members entered over 100,000 unique records

datamerchTampa, January 24, 2023 /DeBanked/ —, an online underwriting database for the alternative financing industry, announced reaching over 100,000 records in their database on Tuesday.

DataMerch was founded in 2015 with a goal to create a community database where funders can share performance information on merchant businesses. They started with zero records in 2015 and eventually built the largest and most widely used database of its kind in the alternative financing industry.

“We have never aggregated a single record from another source other than our funder-members,” said Co-Founder Cody Burgess. “Every single record in DataMerch has been entered individually by our members either manually, or via API. It’s amazing to see us start from nothing and grow our platform organically over time.”

Co-Founder Scott Williams said, “Our focus on building a database with high quality unique records has really paid off for our membership. We considered going down other paths by gathering data from other sources, but we ended up sticking to our original model. Outside sources of data can muddy the waters. What makes DataMerch successful is the fact that our information on defaults, slow pays, suspicious activity, and more, is not found anywhere else or on any other report.”

DataMerch leadership say they have made some recent major improvements including a search by legal name function, something membership has been asking for. DataMerch has also upgraded to a new and better version of their API. Further improvements are in the works for 2023.

About DataMerch

DataMerch LLC was founded in 2015 to help funders in the alternative financing industry make informed underwriting decisions. DataMerch members can screen their applications using DataMerch’s specifically designed EIN and legal name search. Members can also contribute to the database by entering unsatisfactory businesses. DataMerch currently has over 180 industry-leading subscribed members working together as a community. DataMerch can be accessed at and contacted for membership at

eCapital ABL North America Division Funds $95 Million in Q4 2022

January 23, 2023
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eCapital delivers financing solutions for companies experiencing accelerated growth across diverse industries

MIAMI – January 23, 2023 –eCapital Corp. (“eCapital” or “the Company”), a leading finance provider for businesses across North America and the U.K., issued $95M in lines of credit during the fourth quarter of 2022 through its eCapital ABL North America division. With this working capital, the companies – which include CPG products in the home and lawn categories – plan to grow their businesses by expanding product lines, scaling customer reach, and driving operational efficiency.

“Our team continued the momentum through the very end of 2022, by providing unparalleled financial solutions to our clients,” said Brian Cuttic, Chief Executive Officer Asset-based Lending at eCapital. “The dedication of our team is evident in our ability to understand and meet the unique needs of each business we serve, allowing them to achieve their goals with custom financial solutions that support their growth. We are proud to have closed out another successful year working alongside such amazing businesses and look forward to continued growth in the future.”

The businesses funded by eCapital ABL North America in the fourth quarter of 2022 include, but are not limited to:

  • A $20M facility for the creators of the popular first-of-its-kind bathroom fragrance and other home fragrance products. The company will use the funding to sustain operations through peak seasons and accelerate the business for the future.
  • A $35M facility for a manufacturer and distributor of watering products and accessories. Backed by a prominent private equity sponsor, the company will use the working capital from eCapital to support operations across its multiple brands and manufacturing and distribution facilities.
  • A $40M facility for one of the largest candle producers in the U.S. Also backed by a private equity sponsor, it will use the line of credit from eCapital to support continued product innovation and expansion among its multiple brand names and private labels.

eCapital ABL responds quickly to a business’ unique and changing needs, whether trade cycles, seasonality, customer base or other critical factors impacting growth. With international reach and expansive expertise in multiple sectors, eCapital ABL is uniquely positioned to support businesses with customized lines of credit that provide maximum flexibility to meet their goals and achieve long-term, profitable growth.

About eCapital Corp.

eCapital is committed to accelerating access to capital for companies in the United States, Canada, and the U.K. By leveraging a team of over 800 experts and proprietary, industry-leading technology, eCapital is creating the future of business funding. With a full suite of products such as freight factoring, invoice factoring, lines of credit, asset-based lending, payroll funding, and equipment financing, eCapital ensures businesses have the funds they need to do more. Through its Transportation, Staffing, Wellness, Healthcare, Factoring and ABL divisions, eCapital delivers customized funding solutions for over 80 industries. To learn more about eCapital, visit

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eCapital names Todd Zarin as Chief Legal Officer

January 17, 2023
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MIAMI – January 17, 2023 – eCapital Corp. (“eCapital” or “the company”), a leading finance provider for businesses across North America and the U.K., today announced the appointment of Todd Zarin as chief legal officer. As part of the executive leadership team, Zarin will oversee eCapital’s in-house legal team and be responsible for all legal operations for the company.

“Todd’s proven aptitude and demonstrated ability to skillfully navigate complex legal scenarios make him a valuable addition to our executive leadership team,” said Marius Silvasan, chief executive officer of eCapital. “I am confident his expertise will prove instrumental as we continue to enhance our service offerings and expand into new markets to meet the financial needs of even more organizations.”

Zarin’s legal and corporate career spans more than 20 years, with strategic roles helping public and privately held clients in financial services and other industries succeed while navigating critical moments. Throughout his career, Todd has been instrumental in driving business objectives such as strategic mergers and acquisitions, securing funding through various transactions, and guiding companies through initial public offerings. He also provided guidance and direction on corporate governance and securities law compliance matters.

As a seasoned lawyer and board member, he has served clients in multiple capacities, including as general counsel to a South Florida financial services company and as outside counsel with premier law firms such as Weil, Gotshal & Manges and, most recently, as a shareholder at Miami-based Stearns Weaver Miller. Zarin has also helped clients as a strategic and transactional advisor through his own consultancy.

“eCapital’s unique approach to strategic growth while changing the shape of the alternative finance and lending landscape is exciting,” said Zarin. “The leadership team has a well-defined and ambitious vision for the future, and I look forward helping achieve the company’s long-term goals and continue driving the company’s dynamic growth trajectory.”

Zarin is a member of the Florida and New York bars and earned his Juris Doctor from Brooklyn Law School. He also holds a Master of Business Administration from the Kellogg School of Management at Northwestern University.

About eCapital Corp.

eCapital is committed to accelerating access to capital for companies in the United States, Canada, and the U.K. By leveraging a team of over 800 experts and proprietary, industry-leading technology, eCapital is creating the future of business funding. With a full suite of products such as freight factoring, invoice factoring, lines of credit, asset-based lending, payroll funding, and equipment refinancing, eCapital ensures businesses have the funds they need to do more. Through its Transportation, Staffing, Wellness, Healthcare, Factoring and ABL divisions, eCapital delivers customized funding solutions for over 80 industries. To learn more about eCapital, visit 

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Backd Enters the Fifth Year of Funding Dreams

January 9, 2023
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backd logoAUSTIN, TX – (Jan. 2023) – Backd, a commercial alternative business lender, has kicked off its fifth year in business, with a continued commitment to helping business owners fund and develop their dreams through easy-to-access alternative financing.

Last year the company grew exponentially while being named a 2022 Top Workplace by The Austin American Statesman. This is in addition to adding a business line of credit funding option to complement the already popular working capital. With a focus on a quick and convenient turnaround time to help companies that struggle to obtain conventional financing, Backd is looking to grow its financial products that offer flexible financing this year to support small businesses and allow them to truly thrive in 2023.

As part of this commitment, in the closing months of 2022, Backd CEO Xan Myburgh joined the Forbes Finance Council, a collective invitation-only community created in partnership with Forbes and the expert community builders who founded the Young Entrepreneur Council (YEC).

“It’s truly an honor to join this esteemed community,” Xan said. “As entrepreneurs, we are driven to improve upon the status quo, and I intend to provide my own expertise in entrepreneurial financial knowledge while simultaneously learning from the best business leaders the world has to offer.”

About Backd

Backd is a FinTech company headquartered in Austin that provides alternative financing solutions like working capital and line of credit for growing businesses across the nation.

For more information, visit, email or call Kieran at (512) 621-5169.