Newsletter Sent On: 01/23/2019

Yellowstone Capital Hires New Chief Compliance Officer Read more

Small Business Funding is Blasting Off
Despite the pall of the record long partial government shutdown which has hurt brokers and funders of SBA loans, many companies and individuals in the online small business funding space are off to a very fruitful 2019. Read more

PayPal Credit Commits $25 Million to Help Unpaid Government Workers
PayPal announced Friday that it was devoting $25 million to a program that offers interest-free cash advances of up to $500 to federal workers who have been impacted by the record long partial government shutdown. Read more

Confessions of Judgment in MCA Make the Evening News
Erie County Clerk Michael Kearns is no longer processing Confessions of Judgment (COJs) in Erie County for merchant cash advance companies, according to a statement his office published this week. On Monday night, Kearns appeared on Channel 4’s evening news in Buffalo to discuss why his office had made the decision. Both Kearns and the local newscaster cite a highly controversial story series published by Bloomberg Businessweek. Read more

BFS Capital Surpasses $2 Billion in Financing
BFS Capital announced this week that it has exceeded $2 billion in financing to over 22,000 small businesses across the United States, Canada and the UK. Read more

Swift Prepaid Solutions Selected by Bitty Advance to Facilitate Business Cash Advances for Small Businesses
Swift Prepaid Solutions, a global leader in prepaid corporate incentives and disbursements, announced it is working with Bitty Advance to support the direct funder’s instant business advance funding solutions. Read more

House Passes Slate of Small Business Bills
the U.S. House of Representatives passed four bipartisan small business bills to improve opportunities for entrepreneurs across the nation. Read more

Shutdown puts would-be Long Island entrepreneurs on hold
Via Long Island Newsday Read more

The Best and Worst Ways to Borrow Money During the Federal Shutdown
Via CNBC Read more

The Government Shutdown Could Cause the Economy to Shrink
Via Business Insider: After about a quarter of the US government was shut down in December, economists began to dim their outlooks for business activity in the country. But with the longest shutdown on record now entering its fifth week, some are considering the possibility of economic growth actually turning negative. Read more

Latin America is Getting Another Fintech Unicorn
The deal, which values Prisma at $1.42 billion, is yet another sign of Latin America’s growing prominence for global investment and the central role that fintech plays in the development of an innovation economy in the region. Read more

The Power Of Celebrity Fintech Influencers
Via Forbes: Snoop Dogg was revealed as the new celebrity face and shareholder of Klarna in a new advertising campaign for the POS financing house - another big name to add to the growing list of fintech influencers including the likes of Will.I.Am, Shaquille O'Neal and Akon. Read more

Get Certified in MCA Basics
Make sure you know how MCAs really work before you sell them Read more

Square Launches Business Debit Card
The payments company announced a debit card for businesses on Thursday that lets Square sellers using its credit card processor get immediate access to money from sales. The product encourages merchants to keep funds with Square instead of depositing them into a bank account. Read more

Our big annual event is on May 6, 2019 in New York City

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