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| How One Broker Moved from Home Office to 23 Person Shop Read more |
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Meet CAN Capital's New CEO Ed Siciliano comes to CAN Capital from the equipment finance and small business lending company Marlin Business Services, based in New Jersey. He worked there for a decade in several roles including Chief Operating Officer and Chief Sales Officer. Read more |
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Stephen Brown Charged With Fraud by New York Attorney General |
| A former merchant cash advance CFO and executive for a fund that provides capital to merchant cash advance companies, has been charged with fraud by the New York Attorney General. The allegations against Stephen Brown stem from his role as CFO of Cardis Enterprises International, a company that claimed to possess patented and proprietary technology to make low-value credit card transactions less expensive for merchants. Read more |
For Some Brokers, Funding Never Sleeps |
| While holidays, including New Year’s Eve, are usually slow days for funding, for some brokers this year, New Year’s Eve was a strong day. Read more |
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How to Respond to Negative Press |
| Wondering what to do about negative press? deBanked spoke to some Public Relations professionals about helpful techniques to manage the situation Read more |
What We Learned About RapidAdvance From RapidAdvance’s Planned Securitization |
| The company originated $260M in business loans and MCAs in 2017 Read more |
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How a Computer Game Master Applied His Talents to Online Lending |
| 29-year-old Eden Amirav spends his days trying to grow his company, an online lending platform for small businesses. But about 15 years ago, as a teenager in Israel, he spent his evenings and school breaks fighting orcs, defending construct units and mostly defeating enemies in a fictional world called Azeroth. Read more |
Entrepreneur Magazine Names Reliant Funding One of the Best Entrepreneurial Companies in America |
| Based on this study by Entrepreneur, Reliant Funding is recognized as a well-rounded company that has mastered a balance of impact, innovation, growth, leadership and value. Coming in at rank #42, this marks the second year in a row Reliant has landed on the exclusive list. Read more |
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Kornfelds Settle With SEC Over Woodbridge Ponzi Scheme |
| Barry M. Kornfeld and Ferne Kornfeld, both fundraising agents for 1st Global Capital, have settled with the SEC for their role in Woodbridge Group of Companies LLC, a $1.2 billion ponzi scheme. Woodbridge was another Florida-based company that is unrelated to 1st Global Capital. Read more |
Securitizations under Attack |
| On November 30, 2018, the Administrator of the Colorado Uniform Consumer Credit Code (the "Administrator") took Colorado’s longstanding litigation against marketplace lenders Avant and Marlette to a new level, adding as defendants certain securitization trusts that had acquired Avant or Marlette loans. By threatening the buyers of marketplace loans, the Administrator is escalating the pressure on Avant and Marlette–and indirectly the pressure on other marketplace lenders that extend credit to Colorado consumers. Read more |
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OnDeck's Q4 Earnings To Be Released Feb 12 |
| OnDeck has scheduled a date for their year-end earnings Read more |
The Top Small Business Forums of 2018 |
| deBanked has selected its two favorite small business forums of 2018 Read more |
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Get Certified in MCA Basics |
| Make sure you know how MCAs really work before you sell them Read more |
The Future of Several California Car Dealerships Hinges on the Outcome of 1st Global Capital's Bankruptcy Proceedings |
| Rumors persist that the auto group is being sold, or even has been sold, but there has been no confirmation. One Napa-based dealership group that was specifically named declined to comment on anything to do with Momentum. Read more |
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