Shopify Capital originated ~$3 billion worth of MCAs and business loans in 2024, up by 50% over the prior year. For the sake of comparison, online small business lender Enova originated $4 billion in ...
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 ...
As of the end of May 2026, TCPA lawsuits were on pace to grow by 30% over 2025, according to WebRecon. This was across the board nationally, not specific to a single industry. WebRecon tracks consumer ...
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 lending advisory council. The ...
Pipe originated $300M in merchant cash advances in the last two years, the company revealed. The figure was presented in its announcement that it has raised a fresh $16M round of capital. The $300M in ...
“Currently, banks hold roughly $600 billion in business loans that were originated under $1 million,” said Federal Reserve Vice Chair for Supervision Michelle W. Bowman. “Banks are the primary ...
Canada’s small business finance industry is growing, and behind the scenes, American brokers are helping fuel that momentum. ...
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 ...
Eight individuals have been arrested by the FBI and charged in connection with a scheme to defraud small business owners out of millions of dollars by charging them money in return for a promise of a ...
Revenue-based financing has become extremely popular; So popular that it’s spawned its own variations of products. Some are loans, some are not. Many of the terms in the public vernacular are simply ...
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 ...
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 ...