Newsletter Sent On: 08/09/2023REGISTER TO RECEIVE THEM | RETURN TO HOME PAGE

What's In Your Cup? Read more Former 1 Global Capital Chairman Indicted A new indictment has been handed down in the old 1 Global Capital case Read more Success On the Last Day? It's Really About What Happens All Month The last day of the month is a chaotic time for the merchant cash advance industry, with brokers scrambling to close deals and funders providing vital support from the backend. However, it is important to operate efficiently throughout the month and set daily and weekly goals to maximize efficiency. Read more Square Loans Adds Monthly Payment Option, Tops $1B in Loans in Q2 Square Loan's subsidiary has added a monthly payment option to its arsenal to serve larger sellers who want more visibility into managing their cash flow, and 25% of its fixed payment loan customers have been mid-market sellers. Read more Shopify Capital Continues to Gain Momentum Shopify Capital has seen an increase in momentum, with $719 million in loans receivables and merchant cash advances outstanding on June 30, 2023, and the team is executing its strategy effectively. Cross-sell volumes have also reached some of the highest levels the company has ever achieved. Read more The New York Disclosure Law is Here New York has recently implemented a commercial financing disclosure law, and businesses need to ensure they are compliant with the 53-page requirements. It is important to contact a lawyer to ensure compliance with the law, which went into effect on August 1, 2023. Read more Former MBE Capital Partners, LLC CEO Sentenced to 4.5 Years in Prison Rafael Martinez, the former CEO of MBE Capital Partners, LLC, has been sentenced to prison for fraudulently obtaining approval to be a PPP lender and using the funds to purchase luxury items for himself. Read more Leveraging ChatGPT for Maximum Productivity Kareem Jernigan and George Parker discussed the use of ChatGPT in the equipment finance space, noting that it can be used for a variety of tasks such as analyzing spreadsheets, crafting policies, designing courses, and more. However, it is important to understand what to put in and evaluate what comes out in order to use it effectively. Read more Enova Originated $712M in Small Business Loans in Q2 Enova originated $712M in small business loans in Q2, up slightly YoY and down slightly QoQ, while taking a cautious approach and taking advantage of the weak competitive environment. They also closed their first ever facility secured exclusively by small business lines of credit and reentered the term securitization market with their first OnDeck deal since 2021. Read more NextPoint Financial in Bankruptcy Court NextPoint has filed for the unique Chapter 15 Read more Management Buyout at Credibly The company announced a management-led buyback of all the outstanding equity investment previously held by a prominent private equity firm. Read more Judge Stays Predatory Lending Suit Via Reuters Read more Thanks to Our Email Newsletter Sponsors Balboa Capital Austin LLP Select Funding The Smarter Merchant East Harbor Meridian Leads Fundly Accord Business Funding Merchant Financing Leads Backd TBF Financial Smart Business Funding South End Capital SOS Capital 123 ERC Pearl Capital IOU Financial Cobalt Intelligence Found this email in your junk folder? Make sure to specifically whitelist both sean@debanked.news and funded@debanked.deals :-)