An online resource dedicated to the merchant cash advance industry.
Thursday, March 13, 2008
Merchant Cash Advance Rumor
I've heard now from multiple sources that one of the largest and oldest merchant cash advance providers is having some bad debt problems as a result of not having any discipline and funding deals that never should have been funded.
3 comments:
Anonymous
said...
This comment has been removed by a blog administrator.
One clear sign that there is trouble with a provider, is when they suddenly start changing their requirements. If you know of a provider that has altered requirements twice within the last month or so, chances are they are having fiscal issues.
Any confirmation to the rumors that the oldest cash advance provider is up for sale? I hear they're bumping up their approval amounts to create the image of more accounts and larger portfolio
The merchant cash advance industry has evolved into a rapidly growing industry [read the article]
NY Times Mentions Cash Advance Blog
The NY Times recently featured an article that mentioned the Merchant Cash Advance Blog. [more]
AdvanceMe Patent Invalidated
As many of you know, I have been involved with a lawsuit from AdvanceMe the past year and a half over their “patent.” [read more]
Join The Merchant Cash Advance Blog Newsletter
Get the latest updates and breaking news on the merchant cash advance industry by joining our newsletter below.
David is the President & CEO of AmeriMerchant, a merchant cash advance provider founded in 2002. AmeriMerchant has over 90 employees and is headquartered in New York City with an additional office in San Mateo, California.
David's previous experience includes co-founding an Internet development company and building it from four to fifty people that was eventually sold to a multi-billion dollar publicly traded telecommunications company.
3 comments:
One clear sign that there is trouble with a provider, is when they suddenly start changing their requirements. If you know of a provider that has altered requirements twice within the last month or so, chances are they are having fiscal issues.
Any confirmation to the rumors that the oldest cash advance provider is up for sale? I hear they're bumping up their approval amounts to create the image of more accounts and larger portfolio
Post a Comment