Saturday, February 13, 2016

Lender lifts lid on Shark Tank pay-to-play

Amir Kassar says his MultiFunding is an easier way to raise cash for good ideas.

Lender lifts lid on Shark Tank pay-to-play


Amir Kassar, the ex-Advanta Corp. executive who runs online small-business loan-broker MultiFunding Corp. from an office up in Broad Axe, Montgomery County, created a minor stir this morning when he posted this item about ABC's popular Shark Tank fund-an-entrepreneur TV reality-type show.

Turns out that, for the chance to raise money from millionaire and Dallas Mavericks owner Mark Cuban and his fellow hosts, competitors can be asked to pledge 5% of their company or 2% of future operating profits.

Bad deal, says Kassar; but then he would, he's in the competitive business of finding business-owners money (from lenders like Philly's Valley Green Bank) at today's low rates while keeping a profitable fee. 

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About this blog

PhillyDeals posts interviews, drafts and updates that Joseph N. DiStefano writes alongside his Sunday and Monday columns and ongoing articles about Philadelphia-area business.

DiStefano studied economics, history and a little engineering at Penn. He taught writing and research at St. Joe’s. He has written for the Inquirer since 1989, except when he left a few times to work at Bloomberg and elsewhere. He wrote the book Comcasted, and raised six kids with his wife, who is a saint.

Reach Joseph N. at, 215.854.5194, @PhillyJoeD. Read his blog posts at and his Inquirer columns at Bloomberg posts his items at NH BLG_PHILLYDEAL.

Reach Joseph N. at or 215 854 5194.

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