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 ...

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 ...

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

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.

In November 2018, a conglomerate of car dealerships went out of business in California. Within three weeks, a merchant cash advance company, 1 Global Capital, was discovered to have filed bankruptcy ...

“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 ...

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.

369,588 Covid-era EIDL loans valued at $47 billion had been charged off by December 2024, according to a recent report issued by the Office of Inspector General (OIG). It turns out that ...