Merchant Cash Advance is a specific type of funding mechanism for small businesses that allow the business to get necessary capital. The business receives a lump sum up front and
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- The Road Back to Residual Commissions May 18, 2019Phil Dushey, President, Global Financial Services “We’re still getting resids from a company 14 years later.” That’s what Phil Dushey said about a factoring client he has at Global Financial Services, a New York-based financial brokerage firm he founded. He was speaking at deBanked’s “Broker Fair” to a room filled mostly with MCA brokers. Years […]
- Small Business Finance Broker Wins Entrepreneur Of The Year May 17, 2019Left: Latin Financial CEO Sonia Alvelo receives the Entrepreneur of the Year Award from Connecticut Secretary of State Denise Merrill Sonia Alvelo, CEO of Newington, CT-based Latin Financial LLC, has been awarded Entrepreneur of The Year by the Latinas & Power Symposium. The event, incubated in Hartford, Connecticut in 2004, is the largest of its […]
- Injunction Sought Against MCA Company, NYC Marshal May 16, 2019Blue Elephant Financing, LLC is seeking an injunction and a temporary restraining order against Itria Ventures, LLC (a subsidiary of Biz2Credit) and New York City Marshal Stephen Biegel, according to court records. In February, Itria Ventures entered a confession of judgment in Kings County, New York against an out-of-state small business. Itria Ventures is a […]
- How To Scale Your Broker Shop May 15, 2019Above: Will Murphy, Everlasting Capital When it comes to hiring, it’s quality over quantity. That’s what the co-founders of Everlasting Capital Josh Feinberg and Will Murphy told a packed room at deBanked’s Broker Fair last week. They presented a panel called “How to Scale Your Broker Shop,” where they shared tips on how to do […]
- DLI Receiver Requests Emergency Relief to Liquidate Feeder Fund Entity May 15, 2019The Court House at George Town in Grand Cayman The Receiver for Direct Lending Investments is racing against the clock to protect and preserve the assets of the Cayman Islands-based vehicle used to receive foreign investments, US court records show. The commencement of a voluntary liquidation of the Cayman-entity is required before the deadline to […]