SoFi is now a small business lender, according to their most recent announcement. But they’ve been in this market for a while ...

In the wake of new merchant cash advance laws passed in Texas and Vermont, American Factoring Association President Cole Harmonson posted the next step is to take the fight against MCAs to the federal ...

LendingClub has finally rebranded to Happen Bank. Explaining the new name, company CEO Scott Sanborn said, “The Happen Bank ...

Washington, D.C. — The Revenue Based Finance Coalition (RBFC) today highlighted a new broadband investment initiative from the state of New York that includes revenue-based financing (RBF) as part of ...

Parafin’s new credit facility with Goldman Sachs was complemented by the disclosure that the company had funded more than ...

The State of Oregon is in the revenue-based financing business, offering small businesses funding up to $1 million in exchange for a percentage of their future sales and a 2.0 factor rate payback.

“Certain automatic debts prohibited. A provider shall not establish a mechanism for automatically debiting a recipient’s deposit account unless the provider holds a validly perfected security interest ...

Welcome: Business owners, creditors, lawyers, and all others who have discovered or suspect a UCC filing by a Merchant Cash Advance Company or Business Lender. Banks and Creditors: The traditional ...

The latest data from the SBA is in. It charged off $18.7B in Covid EIDL loans in FY 2024. That was down from $52B charged-off in FY 2023. The program still has an unpaid principal balance of $277B.