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Tuesday, October 13

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Oct 13FilingApex Capital Group files Chapter 11 in Delaware; $1.2B originator cites liquidity squeeze
Oct 13CreditKalamata Capital closes $150M senior credit facility led by a Midwest regional bank
Oct 13RuleFTC opens 60-day comment window on federal commercial-financing disclosure standard
Oct 13DataTime in Business Index: August funded volume +6.8% m/m, 2nd-position share at 18-month low
Oct 13EnforcementNY AG subpoenas five funders over collection practices, per people familiar
Oct 13PeopleGreenline Capital names ex-Kabbage risk lead Priya Nand as Chief Credit Officer
Oct 13M&AVelocity Funding nears $45M deal for 12-state ISO network BridgePoint

Oct 13FilingApex Capital Group files Chapter 11 in Delaware; $1.2B originator cites liquidity squeeze
Oct 13CreditKalamata Capital closes $150M senior credit facility led by a Midwest regional bank
Oct 13RuleFTC opens 60-day comment window on federal commercial-financing disclosure standard
Oct 13DataTime in Business Index: August funded volume +6.8% m/m, 2nd-position share at 18-month low
Oct 13EnforcementNY AG subpoenas five funders over collection practices, per people familiar
Oct 13PeopleGreenline Capital names ex-Kabbage risk lead Priya Nand as Chief Credit Officer
Oct 13M&AVelocity Funding nears $45M deal for 12-state ISO network BridgePoint

Oct 13FilingApex Capital Group files Chapter 11 in Delaware; $1.2B originator cites liquidity squeeze
Oct 13CreditKalamata Capital closes $150M senior credit facility led by a Midwest regional bank
Oct 13RuleFTC opens 60-day comment window on federal commercial-financing disclosure standard
Oct 13DataTime in Business Index: August funded volume +6.8% m/m, 2nd-position share at 18-month low
Oct 13EnforcementNY AG subpoenas five funders over collection practices, per people familiar
Oct 13PeopleGreenline Capital names ex-Kabbage risk lead Priya Nand as Chief Credit Officer
Oct 13M&AVelocity Funding nears $45M deal for 12-state ISO network BridgePoint

Oct 13FilingApex Capital Group files Chapter 11 in Delaware; $1.2B originator cites liquidity squeeze
Oct 13CreditKalamata Capital closes $150M senior credit facility led by a Midwest regional bank
Oct 13RuleFTC opens 60-day comment window on federal commercial-financing disclosure standard
Oct 13DataTime in Business Index: August funded volume +6.8% m/m, 2nd-position share at 18-month low
Oct 13EnforcementNY AG subpoenas five funders over collection practices, per people familiar
Oct 13PeopleGreenline Capital names ex-Kabbage risk lead Priya Nand as Chief Credit Officer
Oct 13M&AVelocity Funding nears $45M deal for 12-state ISO network BridgePoint

Breaking

Breaking: Apex Capital Group Files for Chapter 11 Bankruptcy Protection

One of the MCA industry's largest direct funders with $1.2B in annual originations has filed for bankruptcy, citing rising default rates and liquidity constraints. The fallout could impact hundreds of broker relationships.

Time in Business EditorialOct 13

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David MartinezApex Funding Solutions·Oct 13

Clean file, just outside my box. Brooklyn Italian spot, 11 years, $92K/mo avg deposits, one existing position paid down 70%. Paying 3 points to whoever places it.

restaurant2nd position

7

active on Oct 13

funder-updates

Brandon HayesFunderQuickFund Direct·Oct 13

QuickFund Direct — program update. Same-day funding now available up to $150K on files submitted by 11am ET. Commission bumped to 12 points on renewals through Q4. Construction is back on the menu.

program change

16

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Brandon Hayes on same-day funding and what it costs

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