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
- Franklin Capital Group Has Been Acquired October 23, 2020This month, Franklin Capital Group was acquired by Wing Lake Capital Partners with the help of Rocky Mountain Bank. Franklin Capital will change its name and add funding capability- but the entire team will stay on. CEO Shaya Baum was happy to announce the deal, explaining that the firm would use acquisition funds to create […]
- Lendified Survives, Under New Management October 23, 2020Toronto-based Lendified has returned from the brink. The Canadian alternative small business lender has a new CEO and has resumed the origination of new loans. In June, deBanked published a story that described the company’s impending doom after it was placed in default with its credit facilities, could no longer originate new loans, and had […]
- deBanked Visits Local Commercial Finance Brokerage – Horizon Funding Group October 22, 2020deBanked reporter Johny Fernandez visited the storefront office of Horizon Funding Group, a commercial finance brokerage located in Brooklyn. The company is owned by brothers James and John Celifarco.
- Greenbox Capital on Official Panel to Aid Section 1071’s Rollout October 22, 2020This week, Greenbox Capital, the Miami-based alternative finance company known for its MCA and SMB financing, announced they are serving as a Small Entity Representative (SER) to the Consumer Financial Protection Bureau (CFPB) as the organization proceeds with the rollout of Section 1071 of the Dodd-Frank Act. “I am representing, and Greenbox Capital is essentially […]
- 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 […]