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 ...
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.
Parafin’s new credit facility with Goldman Sachs was complemented by the disclosure that the company had funded more than ...
LendingClub has finally rebranded to Happen Bank. Explaining the new name, company CEO Scott Sanborn said, “The Happen Bank ...
In November 2018, a conglomerate of car dealerships went out of business in California. Within three weeks a merchant cash ...
The 2024 arrest of Mark Csantaveri, an MCA debt settlement owner tied to MCA Cure LLC, LDMS Group, LLC, and Evergreen Settlement Group LLC, has resulted in a guilty plea. Csantaveri pleaded guilty to ...
Intuit’s QuickBooks’s capital originated about $1.7B in small business loans in Q3 FY 2026. That brings the total for the trailing nine month period ending April 30 to $4.3B. During the earnings call, ...
According to the latest Small Business Credit Survey taken by the Federal Reserve, 7% of businesses with less than 500 employees use merchant cash advances on a regular basis. This was up from 6% the ...
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