FTrans Corp., a New York-based company that helps B2B sellers receive a loan against accounts receivables to shorten cash collections, has raised $7.5 million in new VC funding. Modeled after bank credit card systems, FTRANS (http://www.ftrans.net) enables business-to-business (B2B) sellers to receive a loan against accounts receivables (A/R) to shorten cash collections for less than […]
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On Deck Capital Inc., a New York-based provider of financing for small businesses that wouldn’t normally qualify for bank loans, has raised $10 million in Series B funding. “On Deck reviews your company’s cash flow to determine your eligibility, so that we can offer performance-based loans to businesses that were previously locked out of needed […]
Business Financial Services Inc., a Raleigh, N.C.-based provider of cash advances to U.S. merchants, has raised $9 million from Edison Venture Fund. Business Financial Services provides business cash advances to small businesses that cannot obtain traditional funding. A business that has been operating for at least 9 months may obtain $3,000 to $500,000. The advance […]
Swift Financial, the direct financial services company dedicated to small business banking, today announced the close of its Series B Preferred Stock financing round of $20 million. Swift Financial is a direct financial services company dedicated to small- business banking. Headquartered in Wilmington, Del., Swift Financial launched in 2007 and is led by a veteran […]
SMB (Small and Medium Sized Business) Loans
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