All Business Lending & Fintech

UPDATE! We are now full go with the "All Business Lending and Fintech" as we consolidated all posts from our Forum and the other two previous Groups into this one Group.

So if you need to see past forum or group posts, they should be in here. From this point forward, we will have only one main group and another for our Broker Course enrollees and preferred vendors.

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Sourdough Bakery Secures Production Financing from 1st Commercial Credit to Meet Growing Demand

PRNewswire/ -- 1st Commercial Credit, a leading provider of accounts receivable financing and purchase order financing solutions, has announced the funding of a fast-growing sourdough bakery in the Northeast region through accounts receivable factoring and purchase order production financing.

The bakery, originally launched as a direct-to-consumer operation, quickly expanded into small grocery chains, coffee shops, restaurants and large private label distributors. Today, it has secured significant orders from large retailers and regional grocery chains, reflecting the rising demand for its artisanal sourdough bread and sandwiches.

While growth has been strong, the bakery's owner recognized the challenge of financing larger purchase orders without straining day-to-day operations. Packaging suppliers, payroll obligations, ingredient costs, and net 60-day credit terms from major buyers created financial pressures that required an outside solution.

"Everything goes smoothly when businesses can self-finance growth—until the big…

A federal arrest warrant was issued for Escoe on May 22. She was charged with conspiracy to commit wire fraud, conspiracy to commit money laundering, wire fraud, concealment money laundering and transactional money laundering.

Escoe was notified of her June 5 court appearance, but failed to appear.

She was last seen on June 3 in Palm Beach County, Florida.

Elaine Angene Escoe is wanted for her alleged involvement in a conspiracy to commit wire fraud and money laundering in connection with a scheme to fraudulently obtain over $34 million in federal COVID-19 relief funds.  Escoe and others allegedly submitted more than 90 fraudulent applications for funds from the Paycheck Protection Program (PPP), Economic Injury Disaster Loans (EIDL), Restaurant Revitalization Fund (RRF), and Shuttered Venue Operators Grant (SVOG) between May of 2020, and November of 2021. 

https://www.fbi.gov/wanted/wcc/elaine-angene-escoe

SBA Launches Loan Program for Small Manufacturers

he U.S. Small Business Administration announced a new loan program Sept. 3 designed for small manufacturers.

The 7(a) Manufacturer’s Access to Revolving Credit Loan Program will offer working capital for small businesses engaged in manufacturing.

SBA officials said MARC was the agency’s first-ever loan program dedicated to supporting small manufacturers.

“With 98% of American manufacturers classified as small businesses, the new MARC loans represent a powerful source of targeted capital for those who are growing our nation’s production,” SBA Administrator Kelly Loeffler said in a statement.

Effective Oct. 1 2025, the program will provide loans up to $5 million to support the working capital needs of an eligible business.