A business cash advance is a type of business financing that allows any type of business, even liquor stores, the ability to grow their businesses using future revenues. It’s
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- Why Funders Are Investing in Real Estate As Their Side Hustle of Choice January 25, 2021This story appeared in deBanked’s Nov/Dec 2020 magazine issue. After five years in finance, Peter Ribeiro decided to strike out on his own and start US Business Funding in 2008, providing equipment leasing and financing for businesses. But when the housing market collapsed four months later, Ribeiro saw a second major business opportunity emerge. Earlier […]
- Biden SEC Pick: MIT fintech professor, helped create Dodd-Frank January 21, 2021As President Biden’s executive appointments await senate approval, crypto and security holders will be waiting anxiously for one in particular: Gary Gensler. A seasoned financial expert in and out of the public and private sector, Gensler most recently taught blockchain finance classes at the MIT Sloan School of management. What will this crypto researcher bring […]
- Outgoing President Trump Extends Clemency to Jonathan Braun January 20, 2021President Trump issued an executive grant of clemency to Jonathan Braun on Tuesday, commuting his sentence to time served. Braun checked into FCI Otisville last year to continue serving a sentence for a marijuana-related conviction in 2011. The executive order requests that he be released as fast as possible. A statement from the White House […]
- Official Who Wants to “Wipe Out” Merchant Cash Advance Will Be Next CFPB Head January 18, 2021Rohit Chopra, an FTC Commissioner, will take over as head of the Consumer Financial Protection Bureau under incoming President Joe Biden, sources say. Chopra’s name made the rounds in 2020 when he told NBC News that he was looking for a “systemic solution” that can “wipe out” all merchant cash advance companies. His candid comments […]
- Shark Tank’s Kevin O’Leary: Bitcoin Not Ready to Swim With The Big Fish January 15, 2021Mr. Wonderful, the Shark Tank multimillionaire, recently said that while Bitcoin may be going through an exciting price discovery phase, it is not liquid enough to garner genuine institutional interest. “If I want to buy a million dollars’ worth of Bitcoin right now, I’ve gotta do a fair amount of work to pull that off,” […]