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Merchant cash advances enter Major League Baseball
02/20/2021
The MCA of the Major Leagues

Merchant cash advances enter Major League Baseball

It’s been said a million times. It’s not a loan. The seller receives an upfront payment in exchange for an agreed upon percentage of future earnings. If there’s no earnings, then nothing is owed. No, it’s not a merchant cash advance, it’s a big league advance, a deal offered by a company n...

Join attorneys Lindsey Rohan, Andrew Glaab, and Bryan Wolkind for an informative session about the alternative finance a...
02/17/2021
Welcome! You are invited to join a webinar: Alternative Finance and Merchant Cash Advance - What you need to know.. After registering, you will receive a confirmation email about joining the webinar.

Join attorneys Lindsey Rohan, Andrew Glaab, and Bryan Wolkind for an informative session about the alternative finance and merchant cash advance industries on Feb 23rd 😎

Join industry experts Lindsey Rohan, Andrew Glaab, and Bryan Wolkind for an informative session about this emerging and evolving industry which continues to show robust growth. Attorneys in legal departments, as well as those involved in creditor's rights, judgment enforcement, and bankruptcy, will....

In this video Sean Murray talks with Johny Fernandez about a new feature for deBanked's digital advertisers and why they...
02/10/2021
Maximize Conversions With deBanked

In this video Sean Murray talks with Johny Fernandez about a new feature for deBanked's digital advertisers and why they should take advantage of it

deBanked TV: Maximize Conversions With deBanked

The amount of B2B web traffic we're generating is enormous and we want to assist our digital advertising clients with ca...
02/09/2021
deBanked Adds New Functionality For Digital Advertisers – Seekingfin

The amount of B2B web traffic we're generating is enormous and we want to assist our digital advertising clients with capitalizing on that, should they be interested!

Financial  deBanked Adds New Functionality For Digital Advertisers February 9, 2021 seekingfin Staff 0 Comments February 9, 2021 – deBanked® has added an advanced feature for digital advertisers. Advertisers now have the option to utilize a deBanked account that provides realtime click totals on...

We talked about Enova's potential sale of ODX, OnDeck Canada & OnDeck Australia
02/08/2021
ODX, OnDeck Canada & Australia

We talked about Enova's potential sale of ODX, OnDeck Canada & OnDeck Australia

deBanked TV: ODX, OnDeck Canada & Australia

Sean Murray talked PPP, Robinhood/GameStop, and The Super Bowl with Johny Fernandez in yesterday's live stream. 😎
02/04/2021
PPP, Robinhood/GameStop, The Super Bowl

Sean Murray talked PPP, Robinhood/GameStop, and The Super Bowl with Johny Fernandez in yesterday's live stream. 😎

deBanked TV: PPP, Robinhood/GameStop, The Super Bowl

MCA approval rates remained high in 2020, but banks received higher marks from small businesses.
02/04/2021
Merchant Cash Advance Approval Rate Was 84% in 2020, Federal Reserve Finds

MCA approval rates remained high in 2020, but banks received higher marks from small businesses.

Eighty-four percent of applicants that applied for a merchant cash advance in 2020 were approved, according to the latest study published by the Federal Reserve. However, that figure includes the pre-March 2020 covid era. When MCAs and online loans were blended, for example, the approval rate shrank...

2020 was the year where restaurants in Maine were forced to do outdoor dining in... December.
02/01/2021
The Pain in America’s Food Supply Chain

2020 was the year where restaurants in Maine were forced to do outdoor dining in... December.

It was last November, Mark Mavilia says, when he and three friends in Washington, D.C. rendezvoused for dinner at Ghibellina’s, an Italian gastropub in Logan Circle “specializing in Neapolitan-inspired pizzas and craft cocktails,” says the online restaurant guide “Popville.” Hold the pizza...

The guy who wreaked havoc on the mca industry in 2015 is getting out in 5 months.
02/01/2021
Debt Settlement Scammer Set For Prison Release

The guy who wreaked havoc on the mca industry in 2015 is getting out in 5 months.

Sergiy Bezrukov, the mastermind behind a debt settlement scheme that wreaked havoc on merchants and MCA funders in 2015, is on pace to be released from prison on July 6, 2021, federal records say. Bezrukov was sentenced to 66 months in prison starting in July 2019 and ordered to pay $1.2 million in....

How about you? Are you investing in real estate on the side?
01/25/2021
Why Funders Are Investing in Real Estate As Their Side Hustle of Choice

How about you? Are you investing in real estate on the side?

This 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, Ribei...

Official Who Wants to “Wipe Out” Merchant Cash Advance Will Be Next CFPB Head
01/18/2021
Official Who Wants to “Wipe Out” Merchant Cash Advance Will Be Next CFPB Head

Official Who Wants to “Wipe Out” Merchant Cash Advance Will Be Next CFPB Head

Rohit 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 ...

A big court decision in Florida today
01/06/2021
It’s Official, Merchant Cash Advances Not Usurious in Florida

A big court decision in Florida today

Big news in the State of Florida. The Third District Court of Appeal entered its order on January 6th to decide the fate of Craton Entertainment, LLC, et al., v Merchant Capital Group, LLC, et al.. Merchant Capital Group, LLC dba Greenbox Capital sued Craton in December 2016 over a default in a Purc...

The removed the term "double dipping" from the final language, but this is the new law in New York that's going to be ta...
12/30/2020
S5470B - Signed, Sealed, and Delivered

The removed the term "double dipping" from the final language, but this is the new law in New York that's going to be talked about all throughout next year. It goes into effect on 1/1/22.

deBanked TV: S5470B - Signed, Sealed, and Delivered

deBanked's visitors read more about PPP lending this year than any other topic by a long shot.
12/28/2020
deBanked’s Top Five Stories of 2020

deBanked's visitors read more about PPP lending this year than any other topic by a long shot.

DeBanked’s Top 10 most read stories of 2020 all involved the Payment Protection Program (PPP). It was by far the hottest topic in small business financial services for the year. As a result, we consolidated our most read stories into categories and this is what our readers consumed most in 2020! 1...

Call your lawyers. Things are changing.Yes, this means for MCA, factoring, and other products too...
12/24/2020
Ho Ho… Hold Up. NY Governor Signs Confounding Small Business Lending Law

Call your lawyers. Things are changing.
Yes, this means for MCA, factoring, and other products too...

Merrrrry Christmas. New York Governor Andrew Cuomo reportedly signed SB 5470 into law late last night, a bill that forever changes and complicates nearly all forms of small business financing in the state. The law gives regulatory enforcement authority to New York’s Department of Financial Service...

A very controversial bill is on the verge of being signed by NY Governor Cuomo
12/21/2020
Failing Main Street NY

A very controversial bill is on the verge of being signed by NY Governor Cuomo

During the election, we heard candidates on both sides to toss around the phrase “small businesses are the backbone of the American economy.” A staple of exhausted political rhetoric, made trite despite its truth because for many politicians it’s a talking point, not a platform. We must move f...

The results are in!
12/16/2020
Canada’s Top Lending Leaders of 2021

The results are in!

The Canadian Lenders Association released its 2021 Leaders in Lending awards. The association is the voice of Canada’s lending ecosystem and represents more than 100 companies in commercial and consumer lending. All CLA members are vetted and accredited based on their corporate standards and value...

In one count, the merchant allegedly altered his monthly ending bank balance by $204. If found guilty, he faces 30 years...
12/08/2020
Merchant Indicted For Sending Fake Bank Statements to Online Lenders

In one count, the merchant allegedly altered his monthly ending bank balance by $204. If found guilty, he faces 30 years in prison.
https://debanked.com/2020/12/merchant-indicted-for-sending-fake-bank-statements-to-online-lenders/

On December 17, 2018, the owner of a Mexican restaurant in Springfield, Illinois, is alleged to have submitted altered bank statements to National Funding, Inc as part of a loan application to obtain $35,000. What he got in return was an indictment by a federal grand jury. On Dec 2, 2020, the US Dis...

BREAKING NEWS: The SBA has dumped the details of every single PPP loan borrower
12/02/2020
SBA Dumps Detailed Data on Every Single PPP Borrower

BREAKING NEWS: The SBA has dumped the details of every single PPP loan borrower

The SBA has dumped all of it. A court order recently forced the SBA to reveal precise details of every single PPP and EIDL borrower regardless of loan size and regardless of privacy concerns. The SBA dumped all the data late on Tuesday night through a series of downloadable .csv files. However, smal...

"It certainly flourished under Obama..."
11/30/2020
Lawyers Chime in On What a Biden Administration Could Mean for Merchant Cash Advance

"It certainly flourished under Obama..."

In the weeks following the election, the news cycle has been heavily focused on the presidential transition’s legal aspects. Instead of worrying about vote recounts, merchant cash advance (MCA) companies are considering what legal changes, if any, might come after Jan 20th. Will the Biden administ...

We hope everyone has a safe and happy Thanksgiving! 😎
11/25/2020
deBanked Meme Time – Happy Thanksgiving

We hope everyone has a safe and happy Thanksgiving! 😎

It’s Thankgiving time, which means…. more deBanked memes! This tradition started 8 years ago. Enjoy the holidays and be safe! Happy Thanksgiving!

A third of borrowers only checked out 1 or 2 fintech lenders before applying. Takeaway: It pays to be found first. Excel...
11/24/2020
State of Fintech Lending in Canada Report Reveals Key Information for Lenders

A third of borrowers only checked out 1 or 2 fintech lenders before applying. Takeaway: It pays to be found first.

Excellent survey by Smarter Loans

Smarter Loans, Canada’s loan comparison giant, has published its 3rd annual State of Fintech Lending report. “As Canadians stayed home longer, adoption of fintech products has accelerated dramatically,” the report says, accelerating trends that had already been developing for years. The data i...

Breaking News for ROK Financial
11/23/2020
ROK Financial Announces Direct SBA Loan Access

Breaking News for ROK Financial

Over the past several months the state of the economy has been by no doubt uncertain. With unemployment hitting record highs and Coronavirus cases still on the rise, business owners all across the country have been faced with many difficult decisions regarding their livelihood. Finding business fina...

“BACK IN MID-MARCH, JUSTIN AND I WERE LIKE CRAP, I THINK WE’RE DONE”
11/20/2020
How Start-Up Founder Andrew Luong Went From House Flipper to Real Estate CEO

“BACK IN MID-MARCH, JUSTIN AND I WERE LIKE CRAP, I THINK WE’RE DONE”

Andrew Luong said it all started seven years ago in San Francisco, just out of graduate school investing in real estate with his spare time on the weekends. Today, his startup Doorvest manages more than $20 million in real estate assets. “I wanted to look for an avenue to put the money that I had ...

Bitcoin is up over $18,000! deBanked went to the official Blockchain Center in NYC to talk about what's going on in cryp...
11/18/2020
Talking Crypto at NYC's Blockchain Center

Bitcoin is up over $18,000!

deBanked went to the official Blockchain Center in NYC to talk about what's going on in crypto.

deBanked TV: Talking Crypto at NYC's Blockchain Center

The Sept/Oct 2020 edition of @debankedmagazine is out! Want to receive our next issue? Subscribe to our free magazine fo...
11/16/2020

The Sept/Oct 2020 edition of @debankedmagazine is out! Want to receive our next issue? Subscribe to our free magazine for a physical copy or download PDF from or site!! Featured story is up on our homepage. http://debanked.com

#fintech #lending #brokers #debanked

What do you all think???
11/16/2020
What Would a Biden White House Mean for The MCA Industry?

What do you all think???

What do small business finance companies think about the reality of a Biden White House? Will there be dramatic regulatory changes, massive new government stimulus, or significant differences in coronavirus policy? “Not likely,” according to the head of two funders we spoke with. The CEOs of Gre...

Looking for a funder to work with? Start with this list!
11/11/2020
deBanked

Looking for a funder to work with? Start with this list!

Official list of major merchant cash advance companies, small business lenders, and more - Directory

Breaking News:
11/09/2020
Joe Camberato Named CEO of National Business Capital & Services

Breaking News:

Takes Reins Amid COVID-19 Crisis with Revitalized Mission to be the Unrivaled Financing, Services and Coaching Leader to Help Small Businesses Survive and Grow November 9, 2020, Bohemia, NY – National Business Capital & Services, the nation’s leading FinTech lending marketplace which streamlines...

Address

325 Gold Street, Ste 502
Brooklyn, NY
11201

Opening Hours

Monday 10:00 - 18:00
Tuesday 10:00 - 18:00
Wednesday 10:00 - 18:00
Thursday 10:00 - 18:00
Friday 10:00 - 18:00

Telephone

(212) 220-9084

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