Turnaround Capital Group, Ltd.

08/09/2019

https://debanked.com/2019/06/federal-lawmakers-not-convinced-ny-confession-of-judgment-ban-is-enough/ great in theory, but lenders can still sue in their home state per contract. will merchants bother to defend those lawsuits?

The recent New York State law that effectively ended the era of Confessions of Judgment in the small business finance industry is apparently not enough to satiate the outrage of some federal lawmakers. This morning, Rep. Nydia M. Velázquez (D-NY) and Rep. Roger Marshall (R-KS) introduced the “Sm...

08/09/2019

https://debanked.com/2019/06/federal-lawmakers-not-convinced-ny-confession-of-judgment-ban-is-enough/ great in theory, but lenders can still sue in their home state per contract. will merchants bother to defend those lawsuits?

The recent New York State law that effectively ended the era of Confessions of Judgment in the small business finance industry is apparently not enough to satiate the outrage of some federal lawmakers. This morning, Rep. Nydia M. Velázquez (D-NY) and Rep. Roger Marshall (R-KS) introduced the “Sm...

08/07/2019

http://ow.ly/NaEy50vms5f lost in all of this is the $40 million that tanked an entire chain of auto dealers

Henry J. “Trae” Wieniewitz, III was charged by the SEC on Monday for his role in allegedly selling unregistered securities in two companies, 1 Global Capital (the now defunct merchant cash advance provider) and Woodbridge Group of Companies (a purported real estate lending business revealed to b...

08/07/2019

http://ow.ly/QjCj50vms5e lost in all of this is the $40 million that tanked an entire chain of auto dealers

Henry J. “Trae” Wieniewitz, III was charged by the SEC on Monday for his role in allegedly selling unregistered securities in two companies, 1 Global Capital (the now defunct merchant cash advance provider) and Woodbridge Group of Companies (a purported real estate lending business revealed to b...

08/06/2019

http://ow.ly/2rhO50vmrWr mixed bag here, more loans can mean more opportunity but most likely more defaults considering how the program is ran

WASHINGTON, July 23, 2019 /PRNewswire/ -- The U.S. Small Business Administration recently issued an interim final rule that will adjust monetary-based small...

08/06/2019

https://www.prnewswire.com/news-releases/sba-adjusts-size-standards-to-expand-lending--contracting-opportunities-300889433.html mixed bag here, more loans can mean more opportunity but most likely more defaults considering how the program is ran

WASHINGTON, July 23, 2019 /PRNewswire/ -- The U.S. Small Business Administration recently issued an interim final rule that will adjust monetary-based small...

08/05/2019

https://debanked.com/2019/07/chase-ends-partnership-with-ondeck-ondeck-stock-tanks-on-bucket-of-mixed-news/ there is irony in this considering how many merchants have had their accounts closed b/c Ondeck

The market didn’t take too kindly to OnDeck’s Q2 earnings announcement on Monday. The stock price set a new all time intraday low of $3.01, down 24% from Friday’s close. First, JPM Chase ended their partnership with OnDeck, the company said, bringing a 3-year relationship to a close. “We can...

05/05/2019

Formulates workout plans. Conveys benefit of workout plan to client. Negotiates and communicates with creditors. Keeps meticulous records of client and creditor communications. Actively seeks solutions to client requirements.