Sixty-one percent of all deals funded by Founders First Capital Partners went toward refinancing merchant cash advances. That’s intentional, according to the company, which just announced a capital ...
FRC Balance, LLC, which owns the True Food Kitchen restaurant chain, filed for bankruptcy this week. According to the company, True Food Kitchen has closed 12 restaurants, whose final day of service ...
One striking detail emerged from Valley Bank’s acquisition of Bluevine: AI agents resolve 80% of inquiries to Bluevine’s Customer Care Center. Many companies have touted their use of AI. For Bluevine, ...
Chief Risk Officer, Erich Wust; Chief Financial Officer, Santiago Rubio; Chief Executive Officer, Justin Leto; President, Larry Bassuk; Chief Technology Officer, Alex Klimantov. Idea Financial just ...
“Traditional loans don’t work for all businesses, especially those businesses whose revenues change with the seasons,” said Kenny Minaya, Commissioner of the New York City Department of Small Business ...
Merchant Cash Advances are now excluded from the CFPB’s small business loan data collection requirements. In the final rules filed by the agency on April 30th, the previous proposal to exclude MCAs ...
The CFPB has come back with a new proposal on how to roll out its section 1071 rules. Inside the 198 pages, the agency opines at length on merchant cash advances and reverses its previous opinions. It ...
Valley National Bancorp is acquiring Bluevine for $340M in a 75% cash, 25% stock transaction. During a company conference call discussing the announcement, Valley CFO Travis Lan said that “the ...
As Texas implements the prohibition on ACH debits made by sales-based financing providers, here’s a working list of how funders are acting to comply: ...
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