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
- CAN Capital Announces New CCO October 15, 2019We are proud to announce that we have hired David Lafferty as CAN Capital’s new Chief Credit Officer (CCO.) Lafferty brings his expertise in commercial lending, business development, operational planning and profit & loss management to the CAN Capital team. Lafferty has over twenty years of proven experience providing financial services to small businesses. He […]
- Google Bans Loan Apps From App Store If Personal Loan Offers Exceed 36% APR October 13, 2019Google is implementing new rules for consumer lenders who have apps in the Google Play app store. And they’re pretty strict. If a lender offers loans that exceed 36% APR, their app will be banned. If the repayment period of the loan is 60-days or less, the app will be banned. It doesn’t matter what […]
- New York Attorney General Secures Judgment Against Cardis Enterprises International October 11, 2019New York Attorney General Letitia James announced today that she had secured default judgments against numerous entities and individuals involved in a $30 million fraud. In December 2018, the New York Attorney General’s Office filed suit against Cardis and company personnel Aaron Fischman, Stephen Brown, Steven Hoffman, and Seth Rosenblatt for participating in the fraudulent […]
- The Broker: Funding Businesses The Irish Way October 11, 2019I’m sitting in the lobby of The Marker Hotel, a 5-star 7-story property on the edge of Dublin’s Grand Canal Dock. Here in Ireland’s major tech hub, I’m waiting for a self-identified corporate finance broker by the name of Rupert Hogan, the managing director of BusinessLoans.ie. Outside of our email exchanges, I don’t really know […]
- Mecklenburg County Launches Small Business Loan Program October 11, 2019This week Mecklenburg County, North Carolina launched its Small Business Loan Program. Offering up to $75,000 dollars with fixed 2% interest rates, the county has appropriated $2.75 million to fund the program for its first year. Being managed by the Carolina Small Business Development Fund, the CSBDF will have the authority to sign off on […]