International News Archives | Velocity Group USA

Investments into Australia’s Alternative-Lending Industry Further Strengthen Global Financing Growth

Another successful company in the merchant cash advance industry, OnDeck, has recently increased its presence in the international sector. First reported by deBanked on July 18th , OnDeck announced that

1st Global Capital Sues Capital Stack and Others Over Momentum Auto Group December 18, 2018
The notorious $40 million merchant cash advance deal has a new twist, even more cash advances. On Friday, the now-bankrupt 1st Global Capital filed a lawsuit against Momentum Auto Group, related entities, and 4 merchant cash advance companies including Capital Stack. According to documents filed in the case, Momentum Auto was behind on taxes and […]
Wintrust Expands Accounts Receivables Financing December 17, 2018
Today, Wintrust announced the creation of Wintrust Receivables Finance, an expansion of the company’s asset-based lending group, according to a story in Monitor Daily. This translates to the addition of a specialized team focused on accounts receivables financing to middle market companies, with revenues between $10 million and $300 million. “We think this team is […]
THE ABCs OF SBDCs December 17, 2018
This story appeared in deBanked’s Nov/Dec 2018 magazine issue. To receive copies in print, SUBSCRIBE FREE An often-overlooked national network of nearly a thousand Small Business Development Centers has the potential to help alternative funders cement relationships with existing clients and locate new ones. The centers, known as SBDCs, offer free or low-cost training and […]
Business That Left Merchant Cash Advance Companies Hanging is Under FBI Investigation December 16, 2018
In 2017, several judgments were issued in the New York Supreme Court against one Michael Willhoit, a resident and business owner in Springfield, Missouri. No lawsuits were filed, Willhoit had merely confessed judgment to nearly a half million dollars collectively. By the following summer, a visitor would come knocking on the door of Willhoit’s fully-customized […]
Bloomberg Reporter Wipes His Twitter Account After deBanked Story December 16, 2018
Hours after deBanked drew attention to a suspicious exchange on twitter between a senior editor at Bloomberg LP and a New York State Senator, one of the Bloomberg reporters behind the highly questionable merchant cash advance series took drastic action, he deleted every tweet he’s ever posted. The series of events began on Thursday when […]

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Direct Lending Comeback: Blackstone targets $10 billion

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Investments into Australia’s Alternative-Lending Industry Further Strengthen Global Financing Growth

Small Business Owners Confident & Industry Conditions Strong: Survey Reports

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