[channin19]

Paywall
Not too thrilled with the tone of the article.
http://stream.wsj.com/story/markets/SS-2-5/SS-2-421719/

[Sean Cash]

it didn't bother me at all.

[channin19]

Should have specified the title. The content is fine. Anyone notice the term "merchant cash advance" was not used once!

[Sean Cash]

the author couldn't say the word "loan" enough times. These loan lenders offer business loans that are different from other loans because the loan lenders loan money... etc etc.

[Capital Stack]

here is the full article:

And in fact even treasury secretary stated below how the alternative program/ lenders are getting this credit out there.

Speaking at a recent Small Business Administration conference, Treasury Secretary Jack Lew said the government wants to "do more to knock down barriers to financing," and he voiced support for new approaches to lending. "These companies are using alternative measures to assess a business's ability to pay back a loan," he said. "They use data like real-time shipping schedules, records held in a business's accounting software, and even social-media traffic to determine creditworthiness." The government, he said, wants to provide access, with a borrower's permission, to certain information reported to the government.

[Sean Cash]

Renaud Laplanche lobbied congress to give them and other alternative lenders access to IRS data. So it seems like that message was heard.

[JayBallentine]

All this article tells me, is that there is a lady named Ruth, who has taken a keen interest in writing about small business issues. There's another gentleman mentioned in the article, however, I couldn't link to his bio.

Who is going to be the NEXT to "create" a news story, market it to Ruth, get her to write about it, and get some free traffic in the process?

There are tons of other "Ruth's" out there starving for stories and content to write about.

The Ruth's of the world are willing to publish our stories, cite their sources, and send us traffic.

We just have to "feed Ruth."

[freddy]

Bottom line is we are filling a void in the financial marketplace. You can call it loan, funding, investment or handouts with benefits. We are giving money to businesses who need it and are able to withstand the hold-back. We do not, or should not give it to a business that will only starve itself out of business. Unfortunately there are greedy funders out there who are falling into the sins of their ancient predecessors - mortgage brokers. Hopefully they will become extinct or go away without causing too much damage. In the meantime the real deals, the funders with a sense of responsibility and an understanding of how to keep a company in business for the long haul - will prevail and be rewarded by a handsome income and good night sleep.

[Chambo]

the author couldn't say the word "loan" enough times. These loan lenders offer business loans that are different from other loans because the loan lenders loan money... etc etc.

the Anti-MCA crew...that's part of the plan. Throw the LOAN word out there enough, so it sticks, especially in the minds of the regulators.

[Sean Cash]

From what I'm hearing this article was on the front page of the print version???!!!

Here come the followups from people learning about this for the first time: http://seekingalpha.com/article/1937...growing-sector

[Sean Cash]

seriously the news needs to slow down:

http://www.businessweek.com/articles...heap-loans-yet

[Chambo]

you still doubting me Sean?

[Chambo]

"Nonbank lenders usually explain the high costs as the price of admission for financing that you can’t get at banks, and many alternative finance companies decline to comment on their average annualized interest rates, arguing that APRs would invite imperfect comparisons. (CAN Capital didn’t respond to a request for its borrowers’ average costs.) It should also be said that expensive is relative to how business owners use the capital. Borrowing at 50 percent APR to make payroll is just putting off the inevitable; using the money to buy a piece of equipment to help boost profits might make sense."

Now wait until stacking starts entering the conversation

[CO1]

http://mobile.businessweek.com/artic...heap-loans-yet

[CO1]

http://m.inc.com/?incid=53450