TakeCharge Capital Acquires SBS Capital

July 29, 2013
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For early release on Merchant Processing Resource: NEWINGTON, CT- TakeCharge Capital, LLC, an MCA and Loan Service Provider based in Connecticut, proudly announces the acquisition of SBS Capital, LLC a financial services company providing merchant cash advances and credit card processing based in Newington, Connecticut. SBS Capital will rebrand its company under TakeCharge Capital and […]

Betting on the Future With Merchant Cash Advance

November 14, 2012
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An excerpt of the article in ISO&Agent’s November/December 2012 Issue: “The business of merchant cash advances is changing, and ISOs are finding they need to do the same to keep up. Long considered a niche product ISOs could rely on to add value to a contract, today’s cash advance market is highly competitive and heavily […]

Strategic Funding Leads Investor Group to Acquire Assets of BankCard Funding

August 8, 2012
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For Release on MPR: New York, NY – August 8, 2012. Strategic Funding Source, Inc., announced that it has led an investor group in the purchase of the assets of BC Funding, LLC, doing business as – BankCard Funding (BCF), through an Article 363 auction process of the Eastern District of the US Bankruptcy Court […]

Law to Reduce Debit Card Fees to Retailers Has Opposite Effect

December 12, 2011
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We’ve had many negative things to say about the debit card reform law that went into effect a few months ago (AKA the Durbin Amendment). We’ve repeatedly made claims that retailers won’t participate in the savings but for the few that do, those savings won’t be passed on to the consumer. According to a recent […]

New to the Merchant Cash Advance Industry? Read first!

November 2, 2011
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Thinking about starting a career in the Merchant Cash Advance industry or becoming a funding source? We’ve compiled some tips from the people already on the inside. Comments were gathered and organized from an insider discussion board at   5 THINGS YOU NEED TO KNOW 1. You will apparently need a pair of these: […]

Don’t Make Us Pay is Back at it Again

October 21, 2011
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After months of silence, we received a mass e-mail yesterday from the infamous Tell Your Congressman: Repeal the Durbin Amendment! Take Action!  You know all too well the harm that the Durbin amendment on debit cards has caused to debit card users like you. Across America, we’re seeing higher fees, the end of free checking […]

SBA Lending Statistics for Major Programs (as of 9/23/2011)

September 29, 2011
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This report provides statistics on Year to Date (YTD) SBA Business Loan Approval Activity comparisons for Fiscal Years 2009, 2010, and 2011 for the period ending 09/23/2011. Attachments:SBA 7a and 504 Gross Loan Approval Volume as of 9-23.pdf