The most important thing to understand about a merchant cash advance is that it is not a loan. With a loan, you acquire capital and pay it back over
From Our Partners
- Lending Express Rebrands to Become July 17, 2019Lending Express, a company whose CEO was once a master gamer, has rebranded to Become. “This transition comes at a pivotal point in the company’s growth and highlights its dedication to providing businesses with opportunities to improve fundability, secure funding, and ultimately become more,” a company spokesperson wrote. According to the company, their online loan […]
- Star Fundraiser For 1 Global Capital Settles With The SEC July 16, 2019Henry J. “Trae” Wieniewitz, III was charged by the SEC on Monday for his role in allegedly selling unregistered securities in two companies, 1 Global Capital (the now defunct merchant cash advance provider) and Woodbridge Group of Companies (a purported real estate lending business revealed to be a $1.2 billion ponzi scheme). “Wieniewitz and Wieniewitz […]
- Apple’s Credit Card Looms Despite No Clear Launch Date July 15, 2019“A new kind of credit card. Created by Apple, not a bank.” Now plastered across Apple’s website, these words signal the company’s next advancement into finance with Apple Card, the new credit card service it is launching later this summer. And they’re only half true. While it is a novel take on credit cards, it’s not […]
- Online Lenders Beat Credit Unions, Friends, and Family as Primary Source of Credit July 15, 20197% of small businesses generating less than $5 million/year in revenue relied on online lenders as their primary source of credit in the last quarter, according to the latest Private Capital Access Index published by Pepperdine Graziado Business School. 3% relied on credit unions as their primary source and 6% relied on friends and family. […]
- Trump Attacks Bitcoin and Cryptocurrencies July 12, 2019President Trump revealed his stance on cryptocurrencies over twitter on Thursday, and he’s no advocate. “I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity. Similarly, […]