A cash advance is a business financing tactic that allows a small business to obtain operating capital without taking out a loan. It’s a short-term solution to cash flow challenges
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- Drama, Health Challenges Revealed in CircleUp’s CEO Switch-Up October 19, 2020CircleUp, a fintech company that’s raised more than $250M between debt and equity, saw a change in leadership last week, with more than a fair share of transition drama. Co-founder and CEO Ryan Caldbeck stepped down, giving way to President Nick Talwar. After stepping down, Caldback took to Twitter and Medium, opening up in a 41 […]
- Steve Denis Talks About SBFA Study: APR is a Bad Metric For SMB Loan Transparency October 19, 2020In response to regulatory bills in California and New York that will enforce APR disclosures on small business capital providers, the Small Business Finance Association (SBFA) funded a study by Kingsley-Kleimann to find out if APR is a good metric to use for business loans. Steve Denis, the Executive director of the SBFA, said his group supported […]
- Greenbox Capital® Advocates For Fair Lending to Women- and Minority-owned Businesses in CFPB Panel October 19, 2020Greenbox Capital participates in small business lending data collection rulemaking for section 1071 of the Dodd-Frank Act protecting women-owned and minority-owned businesses Miami, FL: Greenbox Capital® announced it is serving as a Small Entity Representative (SER) to the Consumer Financial Protection Bureau (CFPB) that is responsible for amending the Equal Credit Opportunity Act (ECOA) protecting […]
- Keeping Up With Kabbage October 18, 2020On Friday, American Express announced that it had completed its acquisition of Kabbage. “Kabbage, An American Express Company will continue to provide quick and easy cash flow management solutions for small businesses, now backed by the trust, service, and security of a American Express,” American Express wrote on social media. “We’re excited to welcome Kabbage’s […]
- SBA Simple $50k Forgiveness- Due Next Year October 15, 2020On Oct 2nd, the SBA finally released a simple forgiveness process for PPP loans under $50,000. Though many borrowers wanted forgiveness for all loans below $150,000, the under $50k bracket can fill out a one-page, front and back form. The SBA recently clarified in a FAQ section that borrowers do not need to submit the […]