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Shela Heramis

October 5, 2026

October 2, 2026

9 Minutes Read

California requires MCA licenses by 2028

Unlicensed deals lose enforceability starting January 1, 2028

News

Shela Heramis

October 1, 2026

September 30, 2026

10 Minutes Read

SEC sues MCA funder over $4.5M syndication

The SEC says only about 30 of 5G Funding's 184 advances were collected in full while investor reports showed returns of 25% to 60%

News

Shela Heramis

September 30, 2026

September 28, 2026

8 Minutes Read

Valley buys Bluevine for $340M, chasing its deposits

A $66 billion bank is paying up for a nonbank lender's cheap deposits to close a 107% loan-to-core-deposit gap, not to grow its loan book.

News

Shela Heramis

September 28, 2026

September 25, 2026

8 Minutes Read

Two lenders drove 84% of SBA defaults

A federal watchdog says the SBA stopped examining its nonbank 7(a) lenders in 2023, as $1.3 billion of loans entered liquidation.

News

Shela Heramis

September 25, 2026

Sepember 23, 2026

10 Minutes Read

Minnesota cuts Plain Green's interest to 0%

Plain Green admits nothing, may still collect principal and can resume Minnesota lending under state law after 120 days' notice.

Business Verification

Shela Heramis

September 25, 2026

September 24, 2026

16 Minutes Read

Who Is Authorized to Sign for the LLC? What State Records Can and Cannot Show

A closing and compliance guide to what Secretary of State records prove about who is authorized to sign for the LLC, and which governing documents establish that authority.

Business Verification

Shela Heramis

September 25, 2026

September 24, 2026

17 Minutes Read

Fix-and-Flip and Construction Lenders: Reading a Borrower LLC's Secretary of State Record

A guide for fix-and-flip and construction lenders on what a borrower LLC's Secretary of State record proves, what it cannot, and which county and closing records answer the rest.

Business Verification

Shela Heramis

September 25, 2026

September 24, 2026

17 Minutes Read

Does a Secretary of State API Map Parent Companies and Subsidiaries? What Actually Links

A Secretary of State API cannot map parent companies and subsidiaries. What it does link: foreign registrations, assumed names, and officer or agent name matches, graded as evidence.

Business Verification

Shela Heramis

September 25, 2026

September 24, 2026

16 Minutes Read

Data Layer vs Decision Layer: Why a Verification API Should Not Score Your Borrower

A risk-lead guide to the data layer vs decision layer boundary: what a verification API returns, who answers for the decision, and what owning the rules takes.

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