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Cashback-Crazed Enzo Launches Deposit Accounts | deBanked
WEBJan 4, 2022 · Enzo caught eyes when it offered wild cashback offerings like 10% on Ubers, 5% on DoorDash, and 1.25% on pretty much everything else. Enzo accounts also pay out a 0.50% APY, which the company claims will be increased as their capabilities allow. Shoykhet hinted at Enzo continuing to grow as the trial period takes stride.
EIDL Loans Searchable - deBanked
WEBDec 3, 2020 · EIDL Loans Searchable. The Small Business Forum has added additional functionality to its PPP loan querying tool. The tool now enables users to query every single EIDL borrower as well. The tool is HERE. Sean Murray is the President and Chief Editor of deBanked and the founder of the Broker Fair Conference. …
Virginia Passes Landmark Sales-Based Financing Bill
WEBMar 7, 2022 · The Virginia State legislature unanimously passed HB1027 on Monday, a law aimed squarely at revenue-based financing providers. Virginia Delegate Kathy Tran (D) celebrated the passage on twitter by saying that the law will “protect small business owners from merchant cash advances.” The law will require “a provider or broker of sales-based financing to register with […]
North Mill Announces $404 Million Term Securitization
WEBSEPTEMBER 3, 2024, NORWALK, CT – North Mill Equipment Finance LLC (“NMEF”), a leading independent commercial equipment lender located in Norwalk, Connecticut, announced the closing of its eighth asset backed securitization (ABS), NMEF Funding 2024-A (“NMEF 2024-A”). The $404 million transaction is NMEF’s first ABS transaction this year, bringing the total ABS proceeds raised by […]
Staying Vigilant in the Funding Business - deBanked
WEBApr 15, 2024 · The Debt Advisor. Beware the debt advisor who claims they are there to help a merchant reduce the obligations of their loans or advances as many do not understand the contracts they claim to advise on. Because of this, they can potentially push a customer into a much worse situation than they otherwise might’ve been in.
PayPal Business Loan/Working Capital Volume Down By Half
WEBJul 30, 2024 · PayPal’s small business financing volume has been roughly reduced by half since the company officially announced a pullback in 2023. For example, consider that PayPal purchased only $774M in merchant receivables through the first half of 2024 vs $1.4B purchased in the first half of 2022. Though …
Lendini is Back - deBanked
WEBSep 2, 2020 · Share your press release with us at [email protected] | (212) 220-9084. Bensalem, PA –September 3, 2020– Lendini is excited to announce its return to small business funding. Through superior efficiency and analysis, the company has improved the process of alternative funding from some of the brightest minds …
Merchant Cash Advance Company Wins in Bankruptcy Court After …
WEBAug 21, 2018 · Last week, a bankruptcy judge in the Northern District of Illinois ruled that a merchant had used so many merchant cash advances that it had become a normal part of their business. At issue was Network Salon Services, a business founded in 2004 that was brought back from the brink of insolvency in January 2013 […]
ForwardLine, One of the Original Funding Companies, is Back
WEBJun 5, 2019 · Steve Carlson, CEO, ForwardLine ForwardLine Financial originated well over $65 million in loans in 2018, according to CEO Steve Carlson. ForwardLine would not share its origination numbers, but Carlson said the company is comfortably on the deBanked list of top originators. ($65 million is the lowest origination number on …