Cumulative Covid EIDL Chargeoffs Now Exceed $70 Billion
Nov 19, 2024 · 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 …
TikTok is Now Offering Business Financing | deBanked
Oct 7, 2024 · A dd TikTok to the list of tech platforms offering business loans. TikTok Shop Capital is now “offering sellers access to fast and flexible business financing,” the company …
Trump, Republicans To Take Over in 2025 | deBanked
Nov 6, 2024 · W ith the 2024 election results in, the regulatory and legislative environment for the small business finance industry could shift significantly at the federal level in the coming years. …
SBA Names Members to its Small Business Lending Advisory Council
Dec 11, 2024 · The results are finally in. After a six-month review period, the SBA finally announced the applicants that have been approved to serve on its inaugural small business …
Square: Our Customers Actually Grow Faster With a Square Loan …
Nov 7, 2024 · On average, Square customers that used the Square Loan product grew 6% faster than those that did not use it, the company revealed. Jack Dorsey, the CEO of Square’s parent …
“MCA Debt Settlement” Company Sued - deBanked
May 7, 2024 · A firm that offers to “restructure corporate debt primarily MCA or Merchant Cash Advance debt” was sued last month by a small business owner for fraudulent inducement, …
eBay: ‘We’ve Already Done $40M in MCAs’ | deBanked
Nov 3, 2024 · eBay is coming in hot to the small business financing game. The company reported that it had connected merchants with $100M in funding YTD, over $40M of it being “business …
15 Months in Prison for Fake LOC Scam Run by “Funder”
Dec 17, 2024 · Yisroel (“Scott”) Heber was sentenced to 15 months in prison for his role in a fake LOC scam, followed by 3 years of supervised release. Prosecutors said he lured small …
Walmart Now a Direct Funder in the Merchant Cash Advance …
Sep 15, 2024 · Ready to enjoy easy access to cash advance funds and flexible financing options? Fuel your growth on Walmart.com with our suite of options. – Walmart.com Walmart, which …
BriteCap Financial Ramps Up Team, Ready For Growth
Dec 20, 2024 · T he stream of announcements coming out of BriteCap Financial garnered notice. It started with news of a $150M credit facility back in August, followed by announcements of a …