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Notorious Alternative Lending CEO of Par Funding Sentenced to 15½ Years in Prison for RICO Conspiracy, Securities Fraud, Tax Crimes, and Related Offenses
Last week, US District Judge Kearney sentenced Joseph LaForte, the former and infamous owner of Par Funding for more than 15 years in prison
Thomas Tramaglini
2 min read


5 Ways that Alternative Lenders Use Your Business Bank Statements to Come After You.
This article describes different things that small business owners give alternative lenders when they provide their bank statements.
Thomas Tramaglini
5 min read


Did you default on a MCA/Alternative Loan - UCC liens and actions are coming.
This article describes some of the actions that small business owners should be aware of with UCC liens.
Thomas Tramaglini
5 min read


Yellowstone Capital and 25 "Lenders" in their network settle for over $1 Billion with NYAG James. Over $534 Million in outstanding debt canceled.
The New York Attorney General's office announced a settlement from a lawsuit previously filed in March of 2024 against Yellowstone Capital.
Thomas Tramaglini
4 min read


What if there was an Alternative Lending Bill of Rights for Small Business Owners?
In this article, we explore ideas which we believe could be easily adopted by the industry or policymakers as a set of standards
Thomas Tramaglini
7 min read


It is simple why over half who take on alternative funding default.
In this article we explore several (maybe harsh) ways that may explain why so many small business owners default on their fundings.
Thomas Tramaglini
6 min read


Use caution when considering sharing your bank statements with alternative lenders.
This article delves into the positive and mostly negative outcomes of sharing bank statements with alternative lenders
Thomas Tramaglini
6 min read


The LCF Group (Last Chance Funding) continues to be the Merchant Cash Advance Industry's Most Litigious Company. A 2024 Progress Report of predatory lenders, their attorneys, and their litigation.
This article details the current trends in the MCA industry
Thomas Tramaglini
8 min read


Dealing with a judgment from a MCA or alternative loan company.
This article presents several important aspects about judgements, what alternative lenders can and will do, and what to prepare for.
Thomas Tramaglini
7 min read


Why Predatory Alternative Loan Brokers Need Accountability.
This article discusses some of the common strategies used by these brokers, their consequences, and our efforts to push back against them.
Thomas Tramaglini
7 min read


Reasons to stay away from Judgements on your MCAs and alternative loans.
This article outlines various compelling reasons why avoiding a judgement is crucial.
Thomas Tramaglini
5 min read


Fora Financial Sues Corporate Turnaround for repeatedly interfering with its clients.
In a recent case, Fora Financial, an alternative lender based in New York, filed a lawsuit against Corporate Turnaround.
Thomas Tramaglini
2 min read


Misleading Small Business Owners: "The State of Small Business Report" by "Progressive Lender" IOU is just too weak to publish - but they did.
In this article we review and debunk a misleading report published by a leading small business lender.
Thomas Tramaglini
8 min read


How The Merchant Cash Advance (MCA) Company's Treat Those Who Don't Pay? Their Playbook Explained.
This article outlines what small business owners can anticipate (referred to as the MCA playbook) when encountering a default.
Thomas Tramaglini
6 min read


MCA Predator NewCo (dba Credit Line Capital) Sued by Merchant for Actions We See Regularly
Most of the clients we have worked with who have defaulted on their Merchant Cash Advances have been subjected to the multitude of different
Thomas Tramaglini
5 min read


UCC vs MCA Lawsuits.
This article aids small business owners in making decisions by examining the differences between UCC actions and MCA lawsuits.
Thomas Tramaglini
5 min read


Reverse Consolidations are Not Consolidation at All. Just a Recipe for Disaster. What to Do.
In this article, we delve into the concept of reverse consolidation and their brutal consequences.
Thomas Tramaglini
7 min read


I defaulted on my MCA or Loan - can I still get funding?
In this article we discuss things that business owners should do to protect themselves from brokers once they have defaulted.
Thomas Tramaglini
8 min read


Answering an MCA or Alternative Loan Company Lawsuit is Important.
This article describes the importance of answering MCA lawsuits and provides some implications if not answered.
Thomas Tramaglini
5 min read


Kabbage Inc. settles massive PPP case
Earlier this week, the US Department of Justice announced they had reached a settlement in their lawsuit against defunct Kabbage Inc.
Thomas Tramaglini
3 min read
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