Tagged: merchant cash advance

Biz2Credit CEO Slams Accusations Made by The Daily Caller

Earlier this week, an article in The Daily Caller targeted Itria Ventures. Itria is a financial services firm in the business of providing financing to its clients by making loans and purchasing accounts receivable – typically referred to as a Merchant Cash Advance (MCA) provider…. Read More

SEC: CFO of MCA Site 1 Global Capital Raised $322 Million and Allegedly Defrauded 1000s of Investors

The Securities and Exchange Commission (SEC) Enforcement Division has charged Alan Heide with defrauding retail investors. Heide was the former CFO of 1 Global Capital – a merchant cash advance platform (MCA). 1 Global is now bankrupt and former principles Carl Ruderman and Henry J…. Read More

Small Business Loan or Merchant Cash Advance? Which is Better?

Every business hits a period where they need more money than they have in cash reserves. For some, it’s at the very beginning of business while they build into their space, purchase equipment and take in stock. Others have an opportunity for expansion they must… Read More

Small Business Finance Association Publishes Best Practices for Online Lenders

The Small Business Finance Association (SBFA) has published a list of “best practices” for the alternative finance industry, coordinating the document with the Lendit conference this week. The SBFA was formerly named the North American Merchant Advance Association (NAMAA), a non-profit advocacy group that  represented… Read More

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