One of the co-conspirators in the Kris Roglieri case will not learn his fate until January 16th, 2026

Chris Snyder, who was the COO of Prime Capital, pleaded guilty earlier this year to one count of conspiracy to commit wire fraud. His sentencing was set for September 16th in Albany Federal court, but attorneys in the case requested a 4-month delay to prepare for the sentencing.

Kris Roglieris' trial is scheduled to begin on January 6th, 2026, after multiple delays. This makes the delay in Snyder's sentencing interesting because it could affect Roglieri's case. Snyder may be trying to reduce his time by cooperating with the prosecutors against Roglieri.

The other co-conspirator in the Ponzi scheme case is Snyders' sister, Kimmy Humphrey, who pled guilty to the same charge of conspiracy to commit wire fraud and also health care fraud in violation of 18 U.S.C. She is supposed to be…

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…

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.

For each post or comment, you earn Reward points that can be used for discounts on all products and services, including our events.

Any questions, please let us know.

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.

Fora Financial Partners with Celtic Bank to Expand Lending Services Nationwide

From the Press Release:

By: Fora Financial | September 4, 2025

Fora Financial, a leading provider of flexible financing solutions to small and medium-sized businesses, has entered an expansive partnership with Celtic Bank, a Utah-chartered industrial bank, further strengthening its commercial financing capabilities across the nation.

In light of recent industry and regulatory changes, such as those recently enacted in Texas, the ability to offer alternative financing has become restricted. Through this partnership, Fora Financial and Celtic Bank are able to provide businesses with sustainable capital. This positions Fora Financial ahead of many competitors still navigating regulatory uncertainty.

"This partnership with Celtic Bank represents a transformative moment for Fora Financial and the businesses we serve," said Jared Feldman, CEO of Fora Financial. "By expanding our lending capabilities, we're removing barriers that previously limited our ability to provide the most…

We caught up with @Boris Mendes recently to chat about all things business lending and fintech as he has launched his own software platform for business loan brokers. Listen in to this clip of his advice and stay tuned for the full podcast to be published soon!!.

At Ontap Capital, we fund Canadian businesses with advances up to $500,000.

We’re currently offering partnership opportunities with commissions up to 14 points.

If you’re interested in working together, feel free to reach out to me directly.

Tai H

(929) 577-9240

Tai@ontapcap.com

HB 700 which restricts sales-based financing and requires new disclosures, went into effect yesterday, Sept 1st.

Read more on our blog.

www.funderintel.com

As of September 1, 2025, Texas HB 700 officially reshapes the commercial funding environment in the state. This landmark legislation introduces significant regulatory requirements for merchant cash advance (MCA) and revenue-based financing—also known as commercial sales-based financing (CSBF).