Small Business Banking
Join The Gold Rush With Square, Inc. And On Deck Capital
Contributor: Harold Goldmeier;
Growth, momentum, growth at reasonable price
Two public companies dominate by revenue the non-bank small business financing space for the last six years. They are Square, Inc. and On Deck Capital, Inc.
Their core business is called Merchant Cash Advance the hallmarks of which are no government regulation, extraordinary high rates of return on asset purchases, and a consistently expanding target market.
MCAs are one of the newest fintech services and the field feels like gold rush days.